Our daily board moves wrap includes Kim Hogg, Tino Kapfumo, Michael van Uffelen, Simon Hay, Anthony Tse, Ray Voorhoeve, Mandy McGuire, and Geoffrey Clifford.
Aspiring lithium miner Lepidico has attracted backing from Galaxy Resources as part of a $7 million capital raising, while Northern Minerals and Musgrave Resources have tapped their respective investors for a combined $7 million.
Peter Bacchus and John Turner have joined the board of Galaxy Resources, while Perth-based Craig Burton has been appointed to the board of NSW company Atrum Coal.
Galaxy Resources has more than doubled the forecast profitability of its proposed Sal De Vida lithium mine, in an updated definitive feasibility statement released today.
Perth miner Galaxy Resources has announced plans to merge with joint venture partner General Mining Corporation to create a larger lithium-focused company, in a deal worth $216 million.
General Mining Corporation shares fell sharply today after the company announced revised terms for the acquisition of an interest in Galaxy Resources' Mt Cattlin tantalum project near Ravensthorpe.
Galaxy Resources has agreed to sell its Jiangsu lithium carbonate plant in China to Sichuan Tianqi Lithium Industries in a deal worth about $249 million.
Is $1,500 per day plus all reasonable expenses a good rate of pay for the top executive at a junior mining company in the midst of a cost-cutting drive? Read Business News' latest quarterly salary survey to learn more.
Galaxy Resources says it is back on track to pursue the development of its flagship mine, with its Jiangsu processing facility on course to break even this year, and a further $1.1 million in cost
Galaxy Resources says it is poised to pursue its debt reduction strategies after securing an additional $20.3 million through a shortfall placement, taking its total capital raising up to $37.5 million.
Galaxy Resources has restructured its debts and will now turn its focus to its operations after announcing its long-running capital raising has secured $17.2 million to date.
