Argosy Minerals (ASX:AGY) has released a statement regarding the sales agreement with Mitsubishi Corporation RtM Japan for the supply from its flagship Rincon lithium project in Argentina.
The volume for this preliminary Sales Agreement is up to an initial 100 metric tonnes of lithium carbonate over a 12-month period.
Notwithstanding this, there is flexibility to extend the terms of the contract for additional deliveries.
Commencement of operations for the Sales Agreement is expected later this year.
Shares in Argosy Minerals (ASX:AGY) trading 18.8 per cent lower at 13 cents.