Samsungs Latest Battery Developments to Impact Silver MarketHow Samsung's Latest Battery Developments Could Impact the Entire Silver Market & Why Eric Sprott just Subscribed For the Entire $5M Offering of Silver Junior OCG.v Samsung has unveiled the world's first small-sized solid-state battery for wearable devices, developed after three years of research by Samsung Electro-Mechanics.
This battery boasts a high energy density of 200Wh/L, surpassing lithium-ion alternatives. It is currently being tested by select customers, with mass production expected by 2026.
Samsung's innovation in this space addresses size limitations, allowing the battery to fit a range of devices, including wearables, and is safer, more resistant to external shocks, highly flexible, and has a lower carbon footprint due to its non-flammable solid electrolytes.
This marks a significant moment in the industry as solid-state battery technology shows promise for revolutionizing energy storage and is set to significantly increase silver demand. (Source:
https://interestingengineering.com/energy/samsung-solid-state-battery-ultra-small)
With two drills currently turning, Outcrop Silver & Gold (OCG.v OCGSF) stands out as a unique opportunity in the industry amid an extensive drill program at its high-grade Santa Ana Silver Project.
Targeting 24,000m in 2024, with the potential to increase to 48,000m, the 37 million-ounce silver resource is currently being drilled in the northeast to delineate a 80–100 million ounces resource.
Notably, OCG recently announced a non-brokered private placement for $5 million which saw Eric Sprott subscribing for the entire offering. The proceeds will fund further exploration and development of the Santa Ana Project alongside general corporate needs.
With monthly updates and continuous news flow expected for the rest of 2024, OCG is strongly positioned as it aims to accelerate growth and increase its resource estimate amid a strong precious metals and silver market.
For more information, check out the latest interview with OCG's President & CEO, Ian Harris, at the 2024 Beaver Creek Precious Metals Conference:
https://www.youtube.com/watch?v=iu4PAWG9_tI Latest News Release:
https://outcropsilver.com/news/outcrop-silver-announces-5-million-private-placement-financing-with-eric-sprott/ Posted on Behalf of Outcrop Silver & Gold Corporation.