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Spot sales contract executed for 20 metric tonnes of battery quality >99.5% lithium carbonate product
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Fixed sales price referenced from SMM battery grade lithium carbonate price
By Panorama Minero
Argosy Minerals Limited advised the signing of a Spot Sales Contract with a Hong Kong based chemical company for the sale of 20 metric tonnes of battery quality lithium carbonate product produced from the Company’s Rincon Lithium Project.
The Spot Sales Contract agreed fixed price was referenced from SMM battery grade lithium carbonate price, with delivery terms being FOB Buenos Aires port and payment terms requiring a 30% deposit and the 70% balance required prior to ship loading.
The Company will prepare and package the cargo for delivery to port.
Argosy Managing Director, Jerko Zuvela said We are pleased to achieve the sale of our battery quality lithium carbonate product, with strong interest received. This will support the remaining product sales we are progressing with and for potential future off-take opportunities.
Our Company and project fundamentals remain strong, and we will be strong beneficiaries of the EV/lithium sector resurgence noting the significant project milestones completed to date.
We are delighted to be part of the exclusive group of international lithium carbonate product producers and exporters, as we continue the development of our Rincon Lithium Project.
The Rincon Lithium Project currently comprises up to ~2,794 hectares of Mining Titles and mining easement landholdings at the Salar del Rincon in Salta Province.
