Argosy says Qingdoa seeks to terminate Rincon lithium offtake deal

ASX-listed Argosy Minerals will resist attempts by China’s Qingdoa Qianyun High-tech New Material Company to terminate an offtake agreement over the Rincon lithium project, in Argentina. In August, the two companies executed an equity placement and preliminary offtake agreement worth A$26.4-million, which would have seen Qingdoa take a 19.9% stake in Argosy, as well as offtake from the Rincon project.