Argosy Minerals Secures $2 million to Drive Lithium Project Development

Highlights:

• Argosy Minerals Limited (ASX: AGY) raised $2 million through an oversubscribed placement to institutional and sophisticated investors at $0.025 per share.
• Funds will support the 12ktpa Rincon Lithium Project development, feasibility works, and strategic planning for the Tonopah Lithium Project in the U.S.
• Investors also received 40 million options, exercisable at $0.04, reflecting strong confidence in Argosy’s lithium growth strategy.

Capital Raise Oversubscribed by Institutional and Sophisticated Investors

Argosy Minerals Limited (ASX: AGY) has successfully secured $2 million through a placement to institutional and sophisticated investors, the company announced. At the time of writing, the placement was oversubscribed, reflecting strong investor confidence in Argosy’s lithium development pipeline. The capital raise was executed at an issue price of $0.025 per share, a premium of 11% to the company’s 15-day volume-weighted average share price as of market close on 3 July 2025. A total of 80 million new fully paid ordinary shares will be issued, alongside 40 million options exercisable at $0.04 with a three-year expiry. Shares are being issued under Argosy’s ASX Listing Rule 7.1A capacity, while options will be issued under Rule 7.1.

Funding to Accelerate Rincon and Tonopah Projects

The raised funds will support critical initiatives including the continued engineering, optimisation, and feasibility studies for the company’s flagship 12ktpa Rincon Lithium Project in Argentina. Additionally, a portion of the proceeds will advance strategic planning for the Tonopah Lithium Project in the United States, alongside general working capital and corporate needs. Managing Director Jerko Zuvela expressed gratitude for the high level of investor support, stating: “This oversubscribed placement provides crucial working capital as we continue to progress our Rincon development and explore strategic opportunities, including at Tonopah.”

Positioned for Growth Amid EV Demand Surge

Argosy believes its lithium assets are well-placed to benefit from a resurgence in global electric vehicle demand and battery materials. With multiple development milestones already achieved, the company aims to capitalise on growing interest in the sector and deliver long-term shareholder value.

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