Who Are the Largest Share Holders Behind Argosy Minerals?
Argosy Minerals: A Strategic Player in the Global Lithium Market
Argosy Minerals Limited (ASX: AGY), an Australian lithium company, is making significant strides in the lithium industry with its stakes in the Rincon Lithium Project in Argentina and the Tonopah Lithium Project in the USA. As the world shifts towards clean energy and decarbonization, Argosy is positioned to capitalize on this global trend with its lithium projects and advanced technology.
Key Projects and Strategic Position
The Rincon Lithium Project, located in the Salta Province of Argentina, is a cornerstone of Argosy Minerals Limited's portfolio, with the company currently holding a 77. 5% interest, which is set to increase to 90%. This project is notably situated within the renowned "Lithium Triangle," an area that hosts the world’s largest lithium resources, underscoring its global significance.
Additionally, Argosy fully owns the Tonopah Lithium Project in Nevada, USA. Together, these projects strategically position Argosy at the forefront of the lithium supply chain, a sector that is increasingly crucial for the production of batteries used in electric vehicles and for renewable energy storage solutions.
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Top Shareholders
Total Share: Top 20 shareholders hold 35. 39% of AGY shares.
Leading Shareholders:
HSBC Custody Nominees (Australia) Limited: 5. 76%
Citicorp Nominees Pty Limited: 5. 29%
J P Morgan Nominees Australia Pty Limited: 3. 47%
Key Individual Shareholders
Jerko Peter Zuvela: Chartered Professional Geologist, significant experience in mining and resources, holding 3. 37% shares.
Dihna Nada Zuvela and Steven Marin Zuvela: Holding 2. 30% and 1. 85% shares respectively.
Institutional and Private Investors
Notable entities like BNP Paribas Nominees Pty Ltd and Oliver Scarlett Resources Pte Ltd are among the top shareholders, reflecting institutional and international confidence in Argosy's lithium projects.
Management and Leadership
Jerko Peter Zuvela: Non-Executive Chairman at Ragusa Minerals Ltd. and Managing Director & Director at Argosy Minerals Ltd.
Weimin Chen: Head of China for Houlihan Lokey, demonstrating a strong connection with the Asian market, crucial for lithium demand.
Argosy Minerals Limited is strategically positioned to leverage the global transition to clean energy. With significant projects in the heart of lithium-rich regions and a diverse, robust group of top shareholders and experienced management, Argosy is poised to play a pivotal role in the lithium supply chain.
As demand for lithium soars with the rise of electric vehicles and renewable energy storage solutions, Argosy’s projects and technological advancements stand to contribute substantially to meeting this demand, marking it as a key player in the global lithium market.
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