ENERGY MINERALS

Impairment looms as cost focus continues at Galaxy

GALAXY Resources remains committed to its counter-cyclical investment strategy in the Americas despite ongoing headwinds in the lithium space and an expected US$20-30 million impairment for its August accounts, the miner said this morning.

Mt Cattlin is now trialling tailings treatment.

Mt Cattlin is now trialling tailings treatment.

The non-cash write-down is expected to have no impact on cashflow, operations or bank covenants, and is purely due to the soft pricing environment for spodumene, chief financial officer Alan Rule said....

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