Argosy Minerals acquires Tonopah lithium project in the US

Posted: August 14, 2019


Australian lithium miner Argosy Minerals has entered into an agreement to acquire tenements comprising the Tonopah Lithium Project in Nevada, US. According the agreement, the lithium miner will pay initially AUD50, 000 (USD33876.5) and will offer another AUD500, 000 (USD340, 000) upon achieving certain production milestones. The accomplishment is the aftermath of decrease in lithium prices and this has contributed to multiple deals from battery makers in securing long-term agreements for the mineral ahead of an expected recovery into the next decade as electric vehicles sales increases.

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