HIGHLIGHTS Argosy has received firm commitments to raise $30 million through a significantly oversubscribed Placement supported by high quality institutional investors Rincon Lithium Project now fully funded through to 2,000tpa lithium carbonate production and cash-flow generation Argosy’s exclusive and proprietary environmentally clean chemical process technology is producing high purity battery quality lithium carbonate acceptable for high-specification international markets Funding enhances planned next stage 10,000tpa scale development of Rincon Lithium Project Proceeds from the Placement also applied to: Rincon 10,000tpa operation feasibility and development works Exploration at Tonopah Lithium Project in Nevada, USA Strategic opportunities and acquisitions
AGY Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
