Galaxy, which aims to become one of the world's leading producers of lithium compounds, wholly-owns and operates the Mt Cattlin mine, which is currently producing spodumene concentrate (a lithium aluminium silicate). Galaxy's Jiangsu Lithium Carbonate plant, once completed, will have a design capacity of 17,000 tpa of lithium carbonate, which Galaxy expects would make it one of the largest plants in China converting hard rock lithium mineral concentrates into lithium compounds and chemicals.
Under the Agreement, K2 Energy will provide Galaxy with battery technology expertise, licensing and commercial support for the construction and operation of Galaxy's proposed Jiangsu battery manufacturing plant in China.
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