trending Market Intelligence /marketintelligence/en/news-insights/trending/sl8r39YyLOWSkF_stwcwPQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Argosy Minerals to purchase Tonopah lithium project in Nevada

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Argosy Minerals to purchase Tonopah lithium project in Nevada

Argosy Minerals Ltd. agreed to acquire about 34.25 square kilometers of tenements comprising the Tonopah lithium project in Nevada.

The company said Aug. 14 that it entered into a sale agreement with Lithium Consolidated Ltd. unit LCME Holdings Inc., Big Smokey Exploration LLC, ProspectOre LLC and ProspectOre Inc.

A due diligence period on the project will end Aug. 26, after which the company can purchase the project by paying US$50,000 to the vendors.

Argosy will also pay renewal costs for the 425 claims by Sept. 1, including the federal annual mining claim maintenance fee of about US$165 per claim and the county mining claims fee of about US$12 per claim.

The company will pay an additional A$500,000 upon delineating a JORC-compliant mineral reserve of 1 million tonnes of lithium carbonate equivalent product or first commercial production.

Argosy Managing Director Jerko Zuvela said the company will remain committed to its priority Rincon lithium project in Argentina and the near-term development of the 2,000-tonne-per-annum LCE production plant.