Mining Magazine August 2017 | Page 22

TOP 10

09 GALAXY RESOURCES LIMITED

10 WEALTH MINERALS

Canadian-based Wealth Minerals has invested heavily in lithium mining in northern Chile . The outfit tapped into the lithium rich Salar de Atacama region where SQM and Albemarle have productive mines . Having acquired the Laguna Verde operation , this lithium junior outfit has access to a potential 512,960 tonnes of lithium carbonate . Stock value has taken a sharp uptick since January 2016 and continues trending as the outfit moves forward in developing its lithium operations in Chile . In many respects , Wealth Minerals might be an operation starting to come into its own , depending on the success or failure of the Laguna Verde project .
Recognised as one of the hot lithium mining companies of 2017 , Galaxy stock reportedly shot up more than 300 %. Focused on key lithium regions such as the Sal de Vida project in northern Argentina , Mount Cattlin in Australia and James Bay in Quebec , Galaxy taps into major and manageable deposits . The James Bay operation has a potential yield of 11.75mtonnes with the Sal de Vida project residing in the “ Lithium Triangle ,” home to 60 % of the world ’ s reserves . Mount Cattlin has an output of 137,000 tonnes per annum . The focus on tried-andtrue lithium reserves has this mining company on a two-year upswing . However , stocks have declined through the first half of 2017 .
22 August 2017