Lithium producer Galaxy Resources has announced its project loan facility has been fully drawn.
Lithium producer Galaxy Resources has announced its project loan facility has been fully drawn.
"The Company has now received the full $US105 million from the syndicate, China Development Bank, and Austrian bank, Raiffeisen Zentralbank Osterreich, in its loan facility disbursement account," Galaxy said in a statement to the Australian Securities Exchange.
West Perth-based Galaxy said the drawdown funds will be used to continue construction of both the Mt Cattlin and Jiangsu project and repay any outstanding bridging loans.
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