- Argosy Minerals (AGY) has been accepted as a member of the European Raw Material Alliance (ERMA) as a raw material partner
- Launched in September 2020, the ERMA’s objective is to improve Europe’s resilience to access critical materials and make the continent more economically flexible
- Argosy was also recently accepted as a member of the EBA250 Network which is part of the European Battery Alliance (EBA)
- The EBA was launched in 2017 with the objective of building a strong European battery industry by securing sustainably produced battery raw materials
- These approvals allow Argosy to participate in the European battery industry supply chain
- Argosy is down 4 per cent on the market and shares are trading at 12 cents
Argosy Minerals (AGY) has been accepted as a member of the European Raw Material Alliance (ERMA) as a raw material partner.
Launched in September 2020, the ERMA’s objective is to improve Europe’s resilience to access critical materials.
It also aims to make Europe more economically flexible by diversifying its supply chain and improve resource efficiency.
It has developed a plan to diversify supply from primary and secondary sources while improving resource efficiency and responsible sourcing.
The ERMA includes the likes of trade unions, research and technology organisations, investors and non-government organisations.
Argosy was also recently accepted as a member of the EBA250 network, which is part of the European Battery Alliance (EBA).
The EBA was launched in 2017 with the objective of building a strong European battery industry.
Its priority is to secure access to sustainably produced battery raw materials such as lithium, manganese, cobalt and nickel.
“The company has identified Europe as a key growth area and is working to build on existing relationships. The membership also assists Argosy build a genuine globally diverse business,” Managing Director Jerko Zuvela commented.
“The ERMA and EBA are two organisations committed to building diverse supply chains with which we hope to work within. Europe has become a key pillar to the growth of the electric vehicle (EV) market, having recently exceeded EV sales compared to China,” he added.
Argosy is down 4 per cent on the market and shares are trading at 12 cents at 12:43 pm AEDT.