Galaxy Resources Ltd ("Galaxy") is an Australian-based integrated lithium mining, chemicals and battery company listed on the Australian Securities Exchange (Code: GXY) and is a S&P/ASX 300 Index Company.
Galaxy wholly owns the Mt Cattlin project near Ravensthorpe in Western Australia where it mines lithium pegmatite ore and processes it on site to produce a spodumene concentrate and tantalum by-product. At full capacity, Galaxy will process 137,000 tpa of spodumene concentrate and 56,000 lbs per annum of contained tantalum.
The concentrated spodumene is shipped to Galaxy's wholly-owned Lithium Carbonate Plant in China's Jiangsu province. Once completed, the Jiangsu plant will produce 17,000 tpa of battery grade lithium carbonate, the largest producer in the Asia-Pacific region and the fourth largest in the world.
Galaxy is also advancing plans for a lithium-ion battery plant, to produce 620,000 battery packs per annum for the electric bike (e-bike) market.
The Company also has a farm-in agreement with TSX-listed Lithium One Inc. to acquire up to 70% of the James Bay Lithium Pegmatite Project in Quebec, Canada.
Lithium compounds are used in the manufacture of ceramics, glass, electronics and are an essential cathode material for long life lithium-ion batteries to power e-bikes and hybrid and electric vehicles.
Galaxy is bullilsh about the global lithium demand outlook and is positioning itself to achieve its goal of being involved in every step of the lithium supply chain.
Galaxy Managing Director, Iggy Tan discussing commissioning plans at Jiangsu
|
