https://seekingalpha.com/article/4183758-lithium-miners-news-month-june-2018?page=2
Lithium Miners News For The Month Of June 2018
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Galaxy Resources [ASX:GXY] (OTCPK:GALXF)
On May 29 Galaxy Resources announced: "Galaxy agrees to sell northern tenement package at Sal De Vida for US$280 million to POSCO. Galaxy retains 100% of the tenements in the southern area of Salar del Hombre Muerto in the Catamarca Province included in the recently announced updated feasibility study for the development of Sal de Vida. The southern tenements contain an estimated 4.09million tonnes LCE of JORC compliant measured and indicated resource and 100% of the current 1.14 million tonnes LCE of JORC compliant reserves."
Upcoming catalysts include:
- Q3, 2018 - POSCO deal should complete.
- 2018 - Mt Cattlin resource upgrade. James Bay Feasibility Study.
- 2018/19 - Announcements to commence construction of Sal De Vida.
- 2020/21 - Sal De Vida production to begin.
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