Galaxy Resources and General Mining Merge for Lithium

The Australian-based lithium miner Galaxy Resources and a joint venture partner General Mining are tying up to capitalise on the strong interest in lithium and the growing market for lithium-ion batteries in electric vehicles and energy storage systems. The merged group will have a pro-forma market capitalisation in excess of $700 million. Both the companies who are joint venture partners in the Mt Cattlin lithium mine in West Australia are of the opinion that this merger can create a large group of “global significance”.

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