Fluence Corporation Ltd

Received US$3.5M contract for plant in Argentina:Fluence Corporation Ltd.’s (ASX: FLC) stock surged 8.05% on August 09, 2018 after the company received US$3.5M contract for plant in Buenos Aires, Argentina to design and build a water treatment plant for a prominent power plant. This water treatment plant will support the expansion of the capacity for the power plant. The system will treat aquifer water and reuse process effluent to maximize the recovery rates. This contract will further strengthen FLC’s position in South America as one of the leading water and wastewater treatment solution experts. Lately, the group reported for first commercial Aspiral sale in the USA. Group’s revenue in Q2 2018 doubled from Q1 2018, and has confirmed full year guidance. The group is working on its China Growth strategy and has even made sales from new local partners. It has presence over 70 countries and aims to expand through growth strategies. Meanwhile, FLC stock (with a market capitalization of $171.97m) has fallen 12.12% in six months as on August 08, 2018. Based on the foregoing, we believe that the stock is under our watchlist while it trades at the current price of $ 0.470.
 

Argosy Minerals Ltd

Achieved Confirmation of ‘battery grade’ 99.6% LCE product from Argosy’s Rincon Lithium Project:Argosy Minerals Ltd (ASX: AGY), with a market capitalization of $257.18m, has achieved a significant milestone, after the confirmation of successful production of initial ‘battery grade’ specification LCE product from the Stage 1 plant at its Rincon Lithium Project, located in Salta Province, Argentina. Further, AGY has confirmed that it has progressed plant works to the stage as it has completed efficient production of LCE product, around 30kg, which is representative of AGY’s initial ‘battery grade’ specification for delivery to end-user customers. The product, tested in-house, has recorded a Li2CO3 content value of 99.6%. This forms the basis for further improvement and optimization of the production process for subsequent commercial sales, and substantiating the Stage 2 and Stage 3 commercial plant designs. Overall the company is in strong position to offer potentially high value, premium quality battery quality LCE product directly through the spot market or potential off-take arrangements. The company currently holds 77.5% interest in the Rincon Lithium Project in Salta Province, Argentina. The company’s stage 2 work of Rincon Project is progressing ahead of schedule. AGY has already designed Stage 2 commercial plant and its development will start in second half, 2018. Meanwhile, AGY stock has fallen 15% in three months as on August 08, 2018 but has risen 50% in last five days. We give a “Hold” recommendation on the stock at the current price of $ 0.260 (up 1.96% on August 09, 2018).
 

Rincon Project, Development Milestones (Source: Company Reports)

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