The Argosy Minerals (ASX:AGY) share price surged 17% higher today. Here’s why // The Motley Fool Australia

The Argosy Minerals Limited (ASX: AGY) share price had a ripper trading day today, closing more than 17% higher at 13 cents.

This performance spike follows the company’s release this morning of its December 2020 quarterly activities report.

Lithium project pursuits

Argosy Minerals has interests in two lithium projects. The Rincon Lithium Project in Salta Province, Argentina and the Tonopah Lithium Project in Nevada, the United States.

The Rincon Lithium Project is the company’s flagship project. Argosy Minerals believes that this project is located within the world’s largest lithium resource.

In today’s announcement, the company noted that the JORC Exploration Target delineated for the Rincon Lithium Project has potential…