Galaxy Resources' lithium plant sale finally reaches closing stages

By Josie Shillito
Published: Tuesday, 31 March 2015

Galaxy is approaching the final hurdles in closing its Jiangsu lithium plant sale to Tianqui Lithium, which may spell the end of leasing agreements struck to give Galaxy some capital in the intervening period.

Australia’s Galaxy Resources Ltd has finally reached the closing stages of its Jiangsu Lithium plant sale, after the transaction suffered numerous delays in the early part of this year.

The ASX-listed lithium producer announced that all conditions precedent to the sale have now been met and that the parties...

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