viewArgosy Minerals Ltd

Argosy Minerals chairman and managing director both increase stake

The increase is a result of participation in the recent rights issue that raised over $9 million.

man with briefcase running up ascending share price arrow
The company is advancing the Rincon Lithium Project, located in Salta Province, Argentina

Argosy Minerals Ltd (ASX:AGY) has had its chairman Alexander Molyneux and managing director Jerko Zuvela increase their holdings in the company.

Molyneux purchased 250,000 shares for $25,000 increasing his total holding to 25.25 million shares.

Zuvela purchased 500,000 shares for $50,000 increasing his total holding to 69.4 million shares representing 6.84% of the company.

READ: Argosy Minerals exceeds battery-grade standard for lithium hydroxide in tests

Last week Argosy provided an update on recent lithium hydroxide process works that have taken place at the stage 1 industrial-scale pilot plant and in-house laboratory at Rincon.

The Rincon operation aims to produce battery-grade lithium product and the recent analysis work showed the product is up to standard.

Quick facts: Argosy Minerals Ltd

Price: 0.074 AUD

Market: ASX
Market Cap: $75.44 m

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Argosy Minerals taking advantage of lower cost Lithium Brines in Argentina

Jervo Zuvela, managing director of Argosy Minerals (ASX:AGY) runs Proactive's Andrew Scott through the company's Rincon lithium joint venture in South America as well as their other assets and plans for 2017

on 13/3/17

2 min read