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Adelaide, Feb 23, 2010 (ABN Newswire) - Galaxy Resources (
ASX:GXY) is an emerging Australian mining and chemical company focusing on lithium and tantalum production. It is at an advanced stage of developing its Mt Cattlin Lithium Project in Ravensthorpe, Western Australia.
It intends to add value to the Mt Cattlin Project by establishing its own downstream lithium processing facilities in Jiangsu Province, China.
Team Trev Director Andrew Dickson said Galaxy Resources is a great fit for Team Trev.
"Lithium is an essential ingredient in many battery technologies, including the lithium ion batteries favoured by electric cars including Trev. Many future electric cars will be powered by batteries containing Australian lithium mined and processed by Galaxy Resources."
"We are grateful to Galaxy for their Gold sponsorship of Team Trev, and we are happy to take Galaxy's brand around the world with us during Zero Race."
ASX:GXY) is an emerging Australian mining and chemical company focusing on lithium and tantalum production. It is at an advanced stage of developing its Mt Cattlin Lithium Project in Ravensthorpe, Western Australia. It intends to add value to the Mt Cattlin Project by establishing its own downstream lithium processing facilities in Jiangsu Province, China.
Team Trev Director Andrew Dickson said Galaxy Resources is a great fit for Team Trev.
"Lithium is an essential ingredient in many battery technologies, including the lithium ion batteries favoured by electric cars including Trev. Many future electric cars will be powered by batteries containing Australian lithium mined and processed by Galaxy Resources."
"We are grateful to Galaxy for their Gold sponsorship of Team Trev, and we are happy to take Galaxy's brand around the world with us during Zero Race."
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About Galaxy Resources Limited
Galaxy Resources Limited (ASX:GXY) is an Australian-based integrated lithium mining, chemicals and battery company listed on the Australian Securities Exchange and is a S&P/ASX 300 Index Company. Galaxy wholly owns the Mt Cattlin project near Ravensthorpe in Western Australia where it mines lithium pegmatite ore and processes it on site to produce a spodumene concentrate and tantalum by-product. At full capacity, Galaxy will produce 137,000 tpa of spodumene concentrate and 56,000 lbs per annum of contained tantalum. The concentrated spodumene is shipped to Galaxy's wholly-owned Lithium Carbonate Plant in China's Jiangsu province. Once complete, the Jiangsu plant will produce 17,000 tpa of battery grade lithium carbonate, the largest producer in the Asia Pacific region and the fourth largest in the world.
Galaxy is also advancing plans for a lithium-ion battery plant, to produce 350,000 battery packs per annum for the electric bike (e-bike) market. The Company also has a farm in agreement with TSX-listed Lithium One Inc to acquire up to 70% of the James Bay Lithium Pegmatite Project in Quebec, Canada.
Lithium compounds are used in the manufacture of ceramics, glass, electronics and are an essential cathode material for long life lithium-ion batteries used to power e-bikes and hybrid and electric vehicles. Galaxy is bullish about the global lithium demand outlook and is positioning itself to achieve its goal of being involved in every step of the lithium supply chain.
About Team Trev
Trev is three things: an idea, a car and a team.
All three will come together for Zero Race, a zero-emission race around the world in 2010. Team Trev will journey across the seas from Australia to join Zero Race and to showcase Trev to the world.
Trev, the idea
Using tonnes of noisy, complicated machinery to move one or two people comfortably and safely around a city is crazy. The same task can be done using much less energy in a lightweight electric vehicle. Powered by renewable energy, mobility becomes entirely emission free.
Trev, the car
With that idea in mind, some clever folks at the University of South Australia created a lightweight and beautiful car which they called Trev: the Two-seater Renewable Energy Vehicle.
Trev, the team
Trev has travelled 3000 km across Australia. Team Trev will take the idea and the car to the world, joining fellow electric vehicles in Zero Race—an 80 day trip around the world powered entirely by renewable energy.
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>>>        Galaxy Resources Limited>>> Team Trev>>> Zero Emissions Race |
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