Edison Investment Research - Galaxy Resources Limited (GXY) Initiation: Focused on fast-growing lithium market

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Edison Investment Research

Initiation: Focused on fast-growing lithium market

Galaxy Resources (GXY) is focused on the fast-growing lithium market. It is advancing plans to develop the Sal de Vida lithium and potash brine project in northern Argentina, located in a region known as the â€˜lithium triangleâ€™, an area that also spans parts of Chile and Bolivia. Approximately 60% of global lithium production is sourced from this area. Following the recent company restructure, GXY has flexibility to pursue growth options.

15/05/2015 16 EN

Underlying

Galaxy Resources Limited

Galaxy Resources and its subsidiaries are primarily involved in mineral exploration and processing. Co.'s principal activities are production of lithium carbonate and exploration for minerals. Co. manages its businesses by geographic location: Australia operation, which includes the development and operation of the Mt. Cattlin spodumene mine and exploration for minerals; Argentina operation, which includes the development of the Sal de Vida project and exploration for minerals; and Canada operation, which includes the development of the James Bay project and exploration for minerals.

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AU000000GXY2 Australian Securities Exchange Australia

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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