PROJECT FINANCE

Galaxy backs big Alliance raising

GALAXY Resources is set to become the largest shareholder in fellow Western Australian lithium miner Alliance Mineral Assets as part of a A$32.5 million plan to fund plant upgrades and exploration around Bald Hill.

Bald Hill.

Bald Hill.

      Galaxy is putting up $22.5 million of the placement, with Jiangxi Special Electric Motor Co putting up $10 million in two independent placements.   The raising is pitched at Alliance's...

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