Lithium Battery Sector Expected to Reach $120B by 2028 As discussed in the article below, the global lithium-ion battery market is projected to exceed $120.65 billion by 2028 as passenger EVs are expected to dominate the market due to the global push for eco-friendly transportation and technological advancements in EVs.
https://finance.yahoo.com/news/lithium-ion-battery-market-exceed-121800187.html
As the lithium-ion battery market grows, Recharge Resources (ticker: RR.c or RECHF for US investors) is committed to the exploration and development of promising battery metal projects in North and South America.
Recharge Resources' flagship asset is the Pocitos 1 Lithium Brine Project in Argentina, covering 800 hectares.
The project has exhibited encouraging exploration results, and the company plans to expand production and enhance resource classification through additional drilling operations.
Recharge Resources has secured an agreement for a 20,000-tonne lithium extraction plant at Pocitos 1, utilizing unique Extraction Technology.
Additionally, Recharge Resources owns the Georgia Lake North and West Properties, totalling 419.6 and 251.9 hectares, respectively, situated northeast of Thunder Bay.
These properties are adjacent to Rock Tech Lithium's Georgia Lake Lithium Property, which boasts a Measured and Indicated resource of 6.62 million tonnes at a Li2O Grade of 1.01%. Notably, Rock Tech has entered into a 1.5 billion Euro lithium hydroxide supply agreement with Mercedes-Benz.
Results from an initial reconnaissance program at Recharge Resources' Georgia Lake North Project, which included activities such as an airborne magnetic survey, ground truthing, prospecting, and till sampling, indicate significant potential for unlocking substantial lithium resources.
Overall Rechage Resources' Georgia Lake North and West Properties increase the company's potential to unlock valuable lithium resources. As the world embraces eco-friendly transportation and other battery-powered technological advancements, Recharge Resources stands ready to support the future of sustainable energy.
Full Press Release: https://recharge-resources.com/news/recharge-completes-reconnaissance-program-at-georgia-lake-north-lithium-project-with-drilling-and-resource-estimate-pending-at-pocitos-1/
Posted on behalf of Recharge Resources Ltd.