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