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  • The Mitsubishi Corporation of Japan has received the original shipping documents from Argosy Minerals (AGY)
  • Recently, the company sent five tonnes of more than 99.5 per cent lithium carbonate products to Mitsubishi
  • With these documents, Mitsubishi will now start the payment terms, which were set out under the original agreement
  • Argosy is now part of an exclusive group of producers and exporters that can produce high-quality, over 99.5 per cent lithium carbonate product
  • Argosy started the day steady and trading for 5.7 cents each at 10:03 am AEST

Mitsubishi Corporation RtM Japan has received the original shipping documents from Argosy Minerals (AGY).

Recently, the company sent five tonnes of more than 99.5 per cent lithium carbonate products to Mitsubishi. The lithium carbonate product is from Argosy’s Rincon Lithium Project in Argentina.

The Japanese car manufacture is looking for raw materials, like high purity lithium, for the electric vehicle market.

The shipping documents which were received include the certificates of origin and analysis, a packing list, the commerical invoice and bills of lading, which is a comprehensive checklist of a ship’s inventory. With these documents, Mitsubishi will now start the payment terms, which were laid out under the original agreement.

Argosy is now part of an exclusive group of producers and exporters that can produce high-quality, over 99.5 per cent lithium carbonate product.

“This is proof of our proprietary and successful environmentally clean chemical process technology developed for our project, which is assisting our progress toward a 2000 tones per annum offtake arrangement,” Managing Director Jerko Zuvela said.

“We are delighted to be part of the exclusive group of international lithium carbonate product producers and exporters, as we continue toward full development of our Rincon Lithium Project,” he added.

Argosy started the day steady and trading for 5.7 cents each at 10:03 am AEST.

AGY by the numbers
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