- Spot sales contract executed for 60 metric tonnes of battery quality >99.5% lithium carbonate product
- 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 60 metric tonnes of battery quality >99.5% 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 were pleased to receive such strong interest for the sale of our battery quality lithium carbonate product.
With our positive project fundamentals, we will be strong beneficiaries of the EV/lithium sector resurgence noting the significant development milestones achieved to date at our Rincon Lithium Project.
We are delighted to be part of an exclusive group of battery quality lithium carbonate product exporters, given the challenges encountered by many of our peers attempting to achieve this feat.”
The Company advises there are no material conditions that need to be satisfied prior to proceeding with, nor any other material information relevant to, the Spot Sales Contract.
