Galaxy Resources Limited
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Galaxy Resources Limited - overview
Established
1996
Location
-, -, Australia
Primary Industry
Mining
About
Based in Western Australia, Australia, and founded in 1996, Galaxy Resources Limited (ASX: GXY) is a lithium exploration and development company. In August 2021, Orocobre Limited, a portfolio company of Toyota Tsusho, acquired Galaxy Resources Limited for AUD 4 billion. As part of the transaction, Orocobre Limited and Galaxy Resources Limited shareholders will own 54. 2% and 45.
8%, respectively. Galaxy Resources specializes in lithium production, particularly from spodumene and brine sources, contributing to the electric vehicle and battery industries. The company owns and operates lithium production facilities, hard rock mines, and brine assets in Australia, Canada, and Argentina. The firm’s primary product includes lithium concentrate, specifically spodumene concentrate.
This is a mineral ore that contains lithium, an element in the production of lithium-ion batteries used in various applications like electric vehicles, energy storage systems, and electronics.
Current Investors
Allkem Limited
Primary Industry
Mining
Sub Industries
Energy Storage & Batteries, Mining & Quarrying of Nonmetallic Minerals
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Galaxy Resources Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Galaxy Resources Limited | - |
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