Argosy Minerals Limited
ARYMF
Other OTC0.03
USD
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Argosy Minerals Limited
ARYMF
(Other OTC)
Recent
price
0.03
P/E
ratio
- -
div
yld
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ROIC.AI
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- Business
- Argosy Minerals Limited (ASX:AGY; OTC:ARYMF) is an Australian-based mineral exploration and development company focused on lithium projects for the lithium-ion battery supply chain; it holds a current 77.5% interest (with an ultimate 90%) in the flagship Rincon Lithium Project in Salta Province, Argentina, within the Lithium Triangle, and a 100% interest in the Tonopah Lithium Project in Nevada, USA; the company produces battery-quality lithium carbonate equivalent (LCE) product via its proprietary clean lithium technology at Rincon, with current operations at 2,000 tonnes per annum progressing toward a 12,000 tonnes per annum expansion; Rincon features industrial-scale pilot plant production of over 30 tonnes of greater than 99.5% purity battery-grade lithium carbonate sold to North Asian customers, supported by solar evaporation ponds and modular processing. Founded in 1985 and headquartered at 22 Mount Street, Perth, Western Australia, Argosy Minerals operates primarily in Argentina and the USA, targeting electric vehicle and energy storage sectors with sustainable production leveraging decarbonisation trends. Recent developments include a May 2024 US$5 million strategic investment from Amperex Technology Limited (ATL) via share placement at a 15% premium to fund Rincon development and strategic cooperation; execution of spot sales contracts for 60 tonnes of battery-quality lithium carbonate to a Hong Kong buyer in June 2025 and 16.1 tonnes to China's Chengdu Chemphys Industry in November 2025; receipt of environmental impact assessment approval in April 2024 for the 12,000tpa Rincon expansion; acquisition of 58.12 square kilometres of new tenements at Rincon in June 2024 via Puna Mining SA, expanding total acreage to over 86 square kilometres with enhanced access to water, energy and infrastructure; an upgraded mineral resource estimate incorporating new tenements and exploration targets in November 2024; and a secured 40MW energy infrastructure agreement for Rincon in 2025 alongside quarterly capital raising activities including a minimum A$2 million placement in July 2025.
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