Argosy Minerals secured a US$5 million ($7.6 million) investment from Amperex Technology, a lithium-ion battery producer.
The investment, priced at $0.14631 per share, represents a 15% premium to the 10-day average.
Amperex Technology's investment will support Argosy's Rincon Lithium Project, with potential offtake agreements and strategic cooperation on the horizon.
James Shay was appointed as COO, bringing 25 years of experience to enhance Argosy's leadership team.