Australia

Argosy Minerals joins exclusive export list with milestone first Rincon lithium carbonate shipment

Argosy Minerals Limited (ASX:AGY) (OTCMKTS:ARYMF) (FRA:AM1) has joined an exclusive list of international exporters of high-quality >99.5% lithium carbonate product with a milestone first shipment from the Rincon project in Argentina.

A 5-tonne maiden cargo from the companys industrial-scale pilot plant has been loaded onto a ship and set sail this week from Buenos Aires port.

Key development milestone

Argosy managing director Jerko Zuvela said: “This significant achievement of our first product shipment from operations at Rincon is another key development milestone for the company and confirms the marketability of our high quality >99.5% lithium carbonate product.”

This preliminary lithium carbonate (LCE) cargo is being delivered into the Sales and Purchase Agreement executed with Mitsubishi Corporation RtM Japan Ltd.

Process runs smoothly

The regulatory approvals process, and all loading and export logistics arrangements ran smoothly and to expected timeframes.

Shares have been as much as 18% higher to 6 cents, up from the 2.6 cents at close on March 23, and closed at 5.7 cents.

Zuvela said: “The company and the high-quality Puna operations team are delighted to join the exclusive list of international lithium carbonate product exporters and first from Salta Province, as we continue toward full development of our Rincon Lithium Project.”

Committed to sustainable production

Argosy is committed to building a sustainable lithium production company, highly leveraged to the forecast growth in the litRead More – Source