Aug 27 (Reuters) - Australian lithium miner Galaxy Resources Ltd GXY.AX announced a trading halt on its ASX-traded shares on Monday, pending an announcement about selling a package of tenements in Argentina to South Korea's POSCO 005490.KS .
Galaxy agreed to sell some tenements in Argentina to steelmaker POSCO for $280 million in late May. Those tenements are located on the northern area of the Salar del Hombre Muerto salt flat. firm said at the time that it intended to use the proceeds from the deal to fund development of its flagship Sal de Vida project.