Battery maker ATL invests in Argosy Minerals

ASX-listed Argosy Minerals on Thursday announced a $5-million strategic investment from lithium-ion battery maker Amperex Technology (ATL) and the appointment of James Shay as COO.

In terms of a subscription agreement, Argosy will place new fully paid ordinary shares in the company to ATL at $0.14631 a share, which is a 15% premium to the ten-day volume-weighted average price.