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Next lithium raising off the rank: Argosy Minerals – The Australian Financial Review
Argentinian lithium play Argosy Minerals is asking fund managers to tip into a $30 million equity raising at 13¢ a share.
Argosy Minerals had a $163.1 million market capitalisation prior to the raising. Its a speculative proposition, Bell Potter said.
Argosy Minerals is a lithium production company focused on the staged development of Rincon, where it has a 77.5 per cent stake and increasing to 90 per cent once it reaches a production milestone.
Its the latest in a string of microcap lithium deals to flood the ASX in the past week. Core Lithium raised $40 million earlier this week, while Vulcan Energy had a $120 million…
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