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Argosy Minerals (ASX:AGY) ships first lithium carbonate to Mitsubishi
Source: Mitsubishi
  • Argosy Minerals (AGY) has successfully exported its first shipment of high-quality lithium carbonate
  • The company sent five tonnes of more than 99.5 per cent lithium carbonate product from its pilot plant operations to the Mitsubishi Corporation
  • Mitsubishi is sourcing raw materials, like high purity lithium, for the electric vehicle market
  • This shipment is a milestone for the company has put Argosy on the exclusive list of international exporters for high-quality lithium carbonate
  • Argosy is up 5.88 per cent on the market this morning, selling shares for 5.4 cents each

Argosy Minerals (AGY) has successfully exported its first shipment of high-quality lithium carbonate.

The company has sent five tonnes of more than 99.5 per cent lithium carbonate product from its pilot plant operations at the Rincon Lithium Project in Salta Province, Argentina.

The lithium carbonate is on its way to Mitsubishi Corporation RtM Japan under the sales and purchase agreement between the companies. Mitsubishi is sourcing raw materials, like high purity lithium, for the electric vehicle market.

Last week, Argosy announced the shipment was ready to be sent.

The first shipment of Lithium Carbonate Product

This shipment is a milestone for the company, and has put Argosy on the exclusive list of international exporters for high-quality lithium carbonate.

“This significant achievement of our first product shipment from operations at Rincon is another key development milestone for the company and confirms the marketability of our high quality of more than 99.5 per cent lithium carbonate product," Managing Director Jerko Zuvela.

"The company and the high-quality Puna operations team are delighted to join the exclusive list of international lithium carbonate product exporters and first from Salta Province, as we continue toward full development of our Rincon Lithium Project," the company added.

Argosy is up 5.88 per cent on the market this morning, selling shares for 5.4¢ each at 10:23 am AEST.


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