Argosy Minerals reveals flexibilty with Mitsubishi deal

Company News

by Rachael Jones

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. 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.