AGY argosy minerals limited

Bingo ARGOSY EXECUTES INVESTMENT & OFF-TAKE AGREEMENTS...

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    Bingo

    ARGOSY EXECUTES INVESTMENT & OFF-TAKE AGREEMENTS
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    HIGHLIGHTS
    Argosy executes binding investment and off-take agreements with fast-growing Chinese battery company Qingdao Qianyun High-tech New Material Co. Ltd.
    Transaction includes A$26.4M to be received upfront through an equity placement and prepayment under a 1-year preliminary off-take agreement
    Upfront A$26.4M exceeds Stage 2 development expenditure budget for the Rincon Lithium Project
    Cornerstone shareholding at a premium combined with long-term off-take validates Argosy’s strategy to develop Rincon into a commercial lithium project
    Argosy to consider additional cooperation with Qianyun for funding proposed Stage 3 development of Rincon Lithium Project
 
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Last
2.9¢
Change
-0.001(3.33%)
Mkt cap ! $42.22M
Open High Low Value Volume
2.8¢ 3.0¢ 2.8¢ $305.2K 10.68M

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Price($) Vol. No.
2.9¢ 488599 2
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