Galaxy Resources Limited (ASX:GXY) is in talks to sell 30% to 40% stake in Sal de Vida lithium ­development in Argentina. Anthony Tse, Managing Director of Galaxy Resources said that those ­discussions included the prospect of selling a 30-40% stake in the project, which would reduce Galaxy’s share of the project’s $376 million capital cost and help fund its remaining portion of the capex bill. He added, "In some of the discussions I’ve had with off takes, in the same way we took prepayments for concentrate from Mount Cattlin, we could look at potentially negotiating some prepayments on Sal de Vida off take. Do we want to take 100% risk on Sal de Vida, or do we want to sell down 30-40 per cent of the project where essentially we can raise enough capital to fully fund the equity component or maybe even take some money off the table and help us derisk?"