Argosy Minerals signs contract to sell lithium carbonate to Hong Kong company

From Yahoo Finance: 2025-06-30 06:07:00

Argosy Minerals signs a spot sales contract with Hong Kong CB Supply Chain for 60 tonnes of battery quality lithium carbonate from its Rincon project in Argentina. The contract specifies a fixed price based on SMM battery grade lithium carbonate price with FOB delivery terms at Buenos Aires port and payment terms requiring a 30% deposit. No material conditions are present for the transaction. Argosy plans to handle cargo preparation and packaging for delivery. The company is positioned to benefit from the EV/lithium sector resurgence and is part of an exclusive group of lithium carbonate product exporters. Argosy Minerals, with a 77% interest in the Rincon project, is strategically located in the Lithium Triangle. They received environmental impact assessment approval for the project in April 2024, allowing them to expand lithium carbonate production to 12,000t annually. Additionally, Argosy received a $5m investment from Amperex Technology in May 2024 to fully develop the Rincon project.



Read more at Yahoo Finance: Argosy secures lithium carbonate sale to Hong Kong company