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Argosy Minerals ( (AU:AGY) ) has shared an announcement.
Argosy Minerals Limited has executed a spot sales contract with Hong Kong CB Supply Chain Co., Limited for the sale of 60 metric tonnes of battery-quality lithium carbonate from its Rincon Lithium Project. This agreement, which references the SMM battery grade lithium carbonate price, marks a significant milestone for Argosy, positioning it as a key player in the lithium market amid the electric vehicle sector’s resurgence.
The most recent analyst rating on (AU:AGY) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Argosy Minerals stock, see the AU:AGY Stock Forecast page.
More about Argosy Minerals
Argosy Minerals Limited is an Australian company with a significant interest in the Rincon Lithium Project in Argentina and full ownership of the Tonopah Lithium Project in the USA. The company is focused on lithium production, leveraging its strategic location in the ‘Lithium Triangle’ and aiming to capitalize on the growth of the lithium-ion battery sector.
Average Trading Volume: 1,664,166
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$21.84M
See more insights into AGY stock on TipRanks’ Stock Analysis page.