Argosy Minerals

Argosy Minerals has initiated a trading halt as it prepares for a capital raising to fund further development at its Rincon lithium project in Argentina. The move follows the company's recent 60-tonne lithium carbonate spot sales contract with a Hong Kong-based chemical company, reflecting renewed interest in the lithium sector. Strong support is expected for the placement, with Argosy highlighting its positive project fundamentals and growing demand for battery-quality lithium carbonate. » More on smallcaps.com.au

Argosy Minerals has signed a spot sales contract to supply 60 tonnes of high-purity lithium carbonate from its Rincon project in Argentina to a Hong Kong-based chemical company. The deal follows recent financial challenges for Argosy, including a net after-tax loss attributed to project impairments and foreign exchange losses. The company views the contract as a positive turnaround and a sign of strong demand for its battery-quality lithium carbonate. » More on smallcaps.com.au