Global Lithium-Ion Battery Market's 19% CAGR Projection As explained in the article below, the global lithium-ion battery market is projected to grow at a 19% CAGR from 2023 to 2035, reaching a revenue of USD 479 billion by 2035. The surge in demand is driven by the adoption of electric vehicles, government initiatives promoting electric mobility, and increased usage in renewable energy storage.
https://www.researchnester.com/reports/lithium-ion-battery-market/1313
To help address this future lithium demand, Recharge Resources (RR.c or RECHF for US investors) is actively advancing lithium exploration initiatives.
RR recently announced the successful completion of the data acquisition phase for its flagship Pocitos 1 Lithium Brine Project in Salta, Argentina. This includes the comprehensive documentation of two wells drilled in 2018, with the relevant data submitted to WSP Australia Pty Ltd for the ongoing resource estimate.
WSP, a globally recognized consultancy specializing in hydrology and brine resource estimates, is integrating data from various sources, including the project's NI 43-101 technical report, MT Survey, 2018 TEM survey, drilling programs, core logs, and core porosity data to facilitate the resource estimate.
Expressing confidence in the progress made, David Greenway, President, and CEO of RR emphasized the thoroughness of WSP's work and RR's advancements.
He highlighted how RR is making strides on all fronts, having completed the inaugural NI 43-101, MT geophysics survey, and porosity studies, with a pending drill program and a planned upcoming updated NI 43-101 resource estimate.
These developments promise an exciting next period for RR and its stakeholders at the Pocitos 1 Project.
More here: https://recharge-resources.com/news/recharge-completes-data-acquisition-of-pocitos-1-lithium-brine-project-for-ni-43-101-resource-estimate/
Posted on behalf of Recharge Resources Ltd.