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Argosy Minerals Ltd

Argosy Minerals chairman and managing director both increase stake

The increase is a result of participation in the recent rights issue that raised over $9 million.

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The company is advancing the Rincon Lithium Project, located in Salta Province, Argentina

Argosy Minerals Ltd (ASX:AGY) has had its chairman Alexander Molyneux and managing director Jerko Zuvela increase their holdings in the company.

Molyneux purchased 250,000 shares for $25,000 increasing his total holding to 25.25 million shares.

Zuvela purchased 500,000 shares for $50,000 increasing his total holding to 69.4 million shares representing 6.84% of the company.

READ: Argosy Minerals exceeds battery-grade standard for lithium hydroxide in tests

Last week Argosy provided an update on recent lithium hydroxide process works that have taken place at the stage 1 industrial-scale pilot plant and in-house laboratory at Rincon.

The Rincon operation aims to produce battery-grade lithium product and the recent analysis work showed the product is up to standard.

Quick facts: Argosy Minerals Ltd

Price: $0.09

Market: ASX
Market Cap: $93.33 m
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Argosy signs binding agreement to acquire strategic US lithium brine project

Argosy Minerals Limited (ASX:AGY) managing director Jerko Zuvela updates Proactive Investors on the signing of a binding agreement to acquire a strategic lithium project in the US. The sale agreement provides for Argosy to acquire the Tonopah Lithium Brine Project in Nevada, just 4 kilometres...

1 week, 3 days ago

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