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Alita Resources Ltd (ALIT.SI)

ALIT.SI on Stock Exchange of Singapore

0.08SGD
7 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Alita Resources Gets A Notice Of Default From Lender
Friday, 30 Aug 2019 

Aug 30 (Reuters) - Alita Resources Ltd ::GOT A NOTICE OF DEFAULT FROM LENDER ON 29 AUGUST 2019 AS A RESULT OF THE APPOINTMENT OF ADMINISTRATORS.LENDER DECLARED THAT ALL MONEYS OWING UNDER FACILITY INCLUDING INTEREST ARE IMMEDIATELY DUE AND PAYABLE..  Full Article

Galaxy Resources Says HY Loss Attributable Was $171.9 Million
Thursday, 29 Aug 2019 

Aug 29 (Reuters) - Galaxy Resources Ltd ::HY REVENUE FROM ORDINARY ACTIVITIES $28 MILLION VERSUS $88.4 MILLION.HY LOSS ATTRIBUTABLE $171.9 MILLION VERSUS PROFIT OF $11.5 MILLION.DURING HY, IMPAIRMENT OF PROPERTY, PLANT & EQUIPMENT AT MT CATTLIN OF US$123.5 MILLION."THE NON-CASH WRITE DOWNS AND IMPAIRMENT IN H1 2019 REFLECT THE CURRENT STATE OF LOWER SPODUMENE PRICING IN THE MARKET".REAFFIRMS LITHIUM CONCENTRATE PRODUCTION VOLUME FY GUIDANCE AT 180,000 – 210,000 DMT.ALITA IN ADMINISTRATION MAY HAVE MATERIAL NEGATIVE IMPACT ON RECOVERABILITY OF CO'S INVESTMENT IN ALITA IN BALANCE SHEET AT 30JUNE'19.TARGETS LITHIUM CONCENTRATE SHIPPING VOLUMES FOR Q3 60,000 – 70,000 DMT.TARGETS LITHIUM CONCENTRATE PRODUCTION VOLUME FOR Q3 45,000 – 55,000 DMT.GALAXY'S HAS INVESTMENT IN ALITA OF US$17.4 MILLION INCLUDED IN FINANCIAL ASSETS ON BALANCE SHEET AT 30 JUNE 2019.  Full Article

Alita Resources Announces Appointment Of Administrators
Thursday, 29 Aug 2019 

Aug 29 (Reuters) - Alita Resources Ltd ::RICHARD SCOTT TUCKER AND JOHN ALLAN BUMBAK OF KORDAMENTHA (ADMINISTRATORS) APPOINTED AS ADMINISTRATORS OF CO.EXPECTS ADMINISTRATORS WILL PROGRESS VARIOUS RESTRUCTURE PROPOSALS WITH VARIOUS PARTIES, INCLUDING CONSORTIUM AND SECURED LENDER.APPOINTMENTS OF ADMINISTRATORS FOLLOWED ONGOING DISCUSSIONS BETWEEN COMPANY, SECURED LENDERS AND OTHER KEY STAKEHOLDERS..UNABLE TO SECURE COMMITMENTS FROM RESTRUCTURE PROPOSAL FROM CONSORTIUM OF UNSECURED CREDITORS, EXISTING SHAREHOLDERS & NEW INVESTORS.  Full Article

Alita Resources Updates On A$40 Million Loan Facility
Wednesday, 21 Aug 2019 

Aug 21 (Reuters) - Alita Resources Ltd ::UPDATES ON A$40 MILLION LOAN FACILITY.EXTENDED STANDSTILL PERIOD UNTIL 7PM AEST ON 23 AUG TO DISCUSS FACILITY REFINANCING OPTIONS & RECAPITALISATION PROPOSALS.  Full Article

Alita Resources Says Received Notice Of Default From Consortium Of Lenders
Monday, 19 Aug 2019 

Aug 19 (Reuters) - Alita Resources Ltd ::RECEIVED NOTICE OF DEFAULT FROM CONSORTIUM OF LENDERS LED BY TRIBECA INVESTMENT PARTNERS UNDER SECURED A$40 MILLION LOAN FACILITY.CO AND LENDERS HAVE ENTERED INTO A STANDSTILL AGREEMENT IN RESPECT OF EVENTS OF DEFAULT UNTIL 5PM ON 20 AUGUST 2019.  Full Article

Alliance Mineral Assets Posts HY Total Shipments Of 62,994 DMT
Thursday, 11 Jul 2019 

July 11 (Reuters) - Alliance Mineral Assets Ltd ::38,717WMT OF HIGH GRADE LITHIUM CONCENTRATE PRODUCED FOR QUARTER AT BALD HILL.HY TOTAL SHIPMENTS 62,994DMT.  Full Article

Alliance Mineral Assets Enters Non-Binding MoU With Jiangxi Special Electric Motor
Monday, 29 Apr 2019 

April 29 (Reuters) - Alliance Mineral Assets Ltd ::ENTERED NON-BINDING MOU WITH JIANGXI SPECIAL ELECTRIC MOTOR CO TO PRODUCE AND SELL BATTERY GRADE LITHIUM HYDROXIDE.  Full Article

Alliance Mineral Assets Posts Jan Production Of 13,160T Of Lithium Concentrate For From Its Bald Hill Lithium & Tantalum Mine
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Alliance Mineral Assets Ltd ::POSTS MONTHLY PRODUCTION OF 13,160T OF LITHIUM CONCENTRATE FOR JAN 2019 FROM ITS BALD HILL LITHIUM & TANTALUM MINE.  Full Article

Tawana Resources Says Federal Court Of Australia Approves Scheme Of Arrangement For Alliance Mineral Assets To Acquire Co
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Tawana Resources Nl ::FEDERAL COURT OF AUSTRALIA APPROVES SCHEME OF ARRANGEMENT, UNDER WHICH ALLIANCE MINERAL ASSETS LTD WILL ACQUIRE CO.TAWANA SHARES WILL BE SUSPENDED FROM TRADING ON ASX AND JSE FROM CLOSE OF TRADING ON TUESDAY, 4 DEC 2018.  Full Article

Tawana Resources Says Shareholders Approve Scheme Of Arrangement Under Which Alliance Mineral Assets Would Acquire Co
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - Tawana Resources Ltd ::SHAREHOLDERS APPROVE SCHEME OF ARRANGEMENT UNDER WHICH ALLIANCE MINERAL ASSETS WOULD ACQUIRE CO.  Full Article