Battery Metals Demand and Supply Challenges: Spotlight on R Global demand for key battery materials, including lithium, cobalt, and nickel, is projected to significantly increase over the next two decades. While lithium supply seems sufficient until 2025, a shortage of lithium hydroxide is expected by 2027 due to growing demand for nickel, leading to rising lithium prices in 2021.
The nickel sulfate market is anticipated to remain balanced in the short term, but a shift to lithium iron phosphate chemistries in China may impact nickel-rich battery adoption, possibly resulting in a deficit by 2024. Cobalt prices surged in early 2021 but are expected to stabilize at an average of $44,000 per ton until 2025, with a projected surplus in the market throughout the decade.
Source: https://recharge-resources.com/investors/#Why_Invest
Recharge Resources (trading under the ticker symbols RR.c or RECHF for US investors) is dedicated to the development of sustainable and eco-friendly energy solutions to address the growing demand for battery metals.
Their flagship asset, the Pocitos 1 Lithium Brine Project, is strategically located in Salta Province, Argentina, encompassing an extensive 800-hectare area with convenient road access.
The Pocitos 1 Project has undergone a comprehensive exploration program, involving surface sampling, trenching, TEM and MT geophysics, and the drilling of three wells, all of which have yielded promising results regarding brine flow. The project benefits from comprehensive support of an NI 43-101 report.
Recharge Resources is currently in the final stages of engineering work, with a focus on producing and assessing the lithium carbonate derived from this project. Additionally, they have unveiled plans for three additional drilling operations at Pocitos 1, underscoring their commitment to expanding their operations.
These additional drilling activities are based on the project's forthcoming resource estimate and MT survey results, aiming to upgrade the resource classification from inferred to measured, and subsequently to proven and probable. Furthermore, Recharge Resources intends to expand one of the wells to accommodate future production of lithium carbonate and lithium chloride.
Looking ahead, Recharge Resources has an agreement in place to construct a 20,000-tonne lithium extraction plant at Pocitos 1, featuring the innovative Ekosolve Extraction Technology.
Company Deck: https://recharge-resources.com/wp-content/uploads/2023/06/Recharge-Draft-Presentation-20230623-VF.pdf
Posted on behalf of Recharge Resources Ltd.