The latest announcement is out from Argosy Minerals Limited ( (AU:AGY) ).
Argosy Minerals Limited announced significant progress in the development of its Rincon Lithium Project in Argentina, with engineering and feasibility works advancing towards a construction-ready stage. The company has updated its hydrogeological dynamic model, indicating the potential for extended lithium brine pumping periods, supporting its development strategy. Argosy has executed a spot sales contract for high-quality lithium carbonate and is implementing cost-cutting measures to preserve cash reserves, positioning itself strongly in the growing international lithium market.
More about Argosy Minerals Limited
Argosy Minerals Limited is a company engaged in the development of lithium projects, with a focus on producing battery-quality lithium carbonate. The company’s flagship asset is the Rincon Lithium Project in Argentina, and it also owns the Tonopah Lithium Project in Nevada, USA.
YTD Price Performance: -17.65%
Average Trading Volume: 71,148
Technical Sentiment Signal: Buy
Current Market Cap: $16.8M
See more data about AGY stock on TipRanks’ Stock Analysis page.
Trending Articles:
- “Be the Leader You’ve Been Complaining For!” Paramount Stock (NASDAQ:PARA) Dips as Paramount Pulls Out of Politics
- Don’t “Get Rid of All Your Engine Designers”: Ford Stock (NYSE:F) Dips as it Brings Back a Big Name in Internal Combustion
- “Advanced Silicon Wafer Tests” Start; Intel Stock (NASDAQ:INTC) Slips