Check this out in the GMM prospectus
@airconditioner - Looks like it is all but one company.
Strategic Alliance Agreement Lithium Projects with Galaxy Resources dated 26 October 2009
The Company and Galaxy have entered into a strategic alliance agreement with the mutual objectives of bringing together the Company’s existing portfolio of possible lithium projects in Mongolia and Kazakhstan, including the Uvs Basin project for lithium brines and the Khangai Fault project for lithium pegmatites, the Company’s project generation skills, large database of information on Central Asia and its strategic networks, and Galaxy’s operational capabilities in advanced lithium project exploration and mineral project development and mining.
Each party will bear their own costs whilst identifying alliance projects. The parties will negotiate in good faith to establish a joint venture over any area identified and accepted as a lithium project, subject to Galaxy having the right to earn up to 80% of any project by sole funding the project up to the completion of a bankable feasibility study. The Company retains rights to all non-lithium minerals on any licences held by Golden Cross, and has a right to a free carried 20% interest after respective project identification costs in any alliance project up to completion of a bankable feasibility study.
Taken from GMM prospectus - 11.4 Material Contracts.
“Stategic Alliance” means the Strategic Alliance Agreement entered into between General Mining Corporation Ltd and Galaxy Resources Ltd dated 26 October, 2009;
http://www.generalmining.com/pdf/GMprospectusEMAILversion.pdf
