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Why the Argosy (ASX:AGY) share price is shooting 7% higher today // The Motley Fool Australia
The Argosy Minerals Limited (ASX: AGY) share price fired up more than 7.5% to 17 cents at the time of writing, after reaching a 19 cent high in opening trade this morning.
Argosy Minerals is a mining and exploration company with a 77.5% (and ultimate 90%) interest in the Rincon Lithium Project in Salta Province, Argentina. The company also has a 100% interest in the Tonopah Lithium Project in Nevada, USA.
Argosy share price gains after $30 million pump
Today, the company advised that it has received firm commitments for a $30 million placement to institutional, sophisticated and professional investors.
The capital raised will fully fund the production of battery quality lithium carbonate product from the Rincon site and…
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