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Argosy Minerals Limited (ASX:AGY)

ALERT: Price-sensitive ASX Announcement for AGY
Current share price for AGY : $0.031 -0.056 (-64.37%)+
Announcement
Release
30 Jan 2026 8:13AM
Price at Release
$0.087
Full Release
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Summary
Argosy Minerals Limited is advancing its Rincon Lithium Project in Argentina, a key component of its strategy to become a major lithium producer. During the December 2025 quarter, the company continued engineering and feasibility works for its 12,000tpa project, aiming for a final investment decision. Significant progress was made on securing 40MW energy infrastructure to support this project, enhancing its competitive edge in the lithium market. The company also executed a spot sales contract for 16.1 metric tonnes of lithium carbonate and maintained a robust financial position with cash reserves of approximately $4.26 million. Additionally, Argosy is reviewing exploration strategies for its Tonopah Lithium Project in Nevada, USA. The global lithium market remains promising, driven by rising demand for electric vehicles and energy storage systems.
Key Points
  • Progressing 12,000tpa project development for the Rincon Lithium Project.
  • Significant progress on 40MW energy infrastructure for Rincon Project.
  • Executed lithium carbonate spot sales contract with Chengdu Chemphys.
  • Strong financial position with ~$4.26 million in cash reserves.
  • Reviewing exploration strategy for Tonopah Lithium Project in Nevada.
  • Global lithium market supported by demand growth in EVs and energy storage.
  • Focus on building a sustainable lithium production company.
  • Rincon Project positioned as a high-quality, low-carbon lithium asset.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.