Lets turn down the noise a bit and check the facts for AGY and Rincon.
- Succseful Pilot Paint operation which produced 500kg of battery grade lithium for a Japanese customer and 20 tonnes of battery grade lithium to a Korean customer to evaluate.
- Succseful credit raise to fund the 2000 TPA expansion plant which was built on time and on budget through one of the most difficult global periods we have had for a decades.
- Environmental permits for 10,000 TPA plant submitted.
- Further drilling to expand resource completed and submitted up to 4x current resource.
- Discussions with a Teir 1 customer for offtake and 10KTPA expansion funding.
- Energy deal completed with local solar farm.
- Green credentials Succsefully received from government.
- Succseful 2000 TPA plant producing high grade battery lithium carbonate in continuous batch runs. 10 tonnes to date.
- Full 2000 tpa ponds have been concentrating lithium with full inventory of feed stock for continuous production.
- shipping routes and logistics have been sorted.
- 10,000 TPA ponds have started construction.
I am sure I have missed a few things, however these are the facts people need to consider about the company and its place in the market.
AGY Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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