Production on the Horizon We’ve heard so much about the rapidly growing lithium market from companies all over the mining industry. But the reality is that most of these companies will never make it to production. But there is one company that’s already testing for production at a valuation of just $18.5M, lower than some companies that are still years away from that level. RR is so close to building the lithium brine (Ekosolve) plant to produce 20,000 tonnes of lithium per year.
- Ekosolve’s pre-engineering studies have shown that provided brine flow exceeds 35,000 megalitres per year, 110ppm lithium content and above have been deemed economical. With the 2022 results showing up to 161-181 ppm of lithium, without a doubt, significantly above the economic threshold.
- At $52,000/tonne, it could generate upwards on $1B in revenue if in full-scale production at these spot prices.
- With potential clients already being updated with results and progress, once the brine testing is done and they begin to actually implement the Ekosolve plant, they’re going to be able to scale and sell their lithium easily.
https://ca.finance.yahoo.com/news/recharge-resources-lithium-brine-samples-080100158.html
Overall, there’s no other near-production company at this valuation. Considering their constant updates, management is also working extremely hard to get their lithium to market as fast and effectively as possible. Definitely worth keeping a close eye on here.