Galaxy/Lithium One merger moves to next step

The proposed merger between lithium miner Galaxy Resources and Canada’s Lithium One has moved a step closer to completion after financial advisers decreed that the merger was fair to Lithium One shareholders. At the end of March, Galaxy...

Galaxy completes capital raising for Lithium One merger

Lithium miner Galaxy Resources on Thursday announced that it had completed a A$30-million capital raising to support its merger with TSX-listed Lithium One. A share placement to sophisticated and institutional investors was completed, consisting...

Galaxy to buy Canada's Lithium One for C$109m

Galaxy Resources said on Friday it will take over Canada's Lithium One in a friendly, C$109-million ($109.10-million) deal that will enable the Australian miner to expand its global resources and become a top player in the lithium. Lithium One...

Lithium One announces positive PEA at Argentina project

Toronto-listed Lithium One on Monday said a preliminary economic assessment (PEA) of its Sal de Vida project in Argentina outlined a 25 000 t/y lithium carbonate and 107 000 t/y potash operation, that would cost $356-million to build. The study...

Galaxy Resources to fast track Quebec spodumene project

Australian lithium miner Galaxy Resources has started a definitive feasibility study (DFS) at James Bay, paving the way to increase its stake in the Canadian spodumene project to 70%. ASX-listed Galaxy entered into a farm-in agreement with...

Lithium One starts pumping tests at Argentina brines project

Vancouver-based Lithium One has begun a pumping test programme at its Sal de Vida lithium/potash brine project in Argentina, the firm said on Wednesday. The tests will provide important data on the behaviour of the aquifer and brines during the...

Lithium One names Matysek as new CEO

TSX V-listed Lithium One, exploring for the battery ingredient in Argentina, on Tuesday said it appointed former Potash One boss Paul Matysek as CEO. Incumbent chief executive Patrick Highsmith will become COO and remain president of the company.

Lithium One adds partners on Argentina project

Korea Resource Corp (Kores) has signed on LG International and GS Caltex to form a consortium that will earn 30% in TSX Venture Exchange-listed Lithium One's Sal de Vida lithium brine project in Argentina, the firms announced on Friday. Lithium...

Lithium One announces JV with Korea Resource

Toronto-based Lithium One has formed a joint venture with Korea Resource Corporation (Kores), giving the Korean-government-owned firm an option to earn 30% of the Sal de Vida lithium brine project in Argentina. After the option is exercised,...