As stated by a recent report, the global lithium compound market, which attained a market size of US$ 5.4 billion in 2022, is on the trajectory of significant growth in the coming years. Industry analysts anticipate the market to surge to US$ 8.6 billion by 2028, demonstrating a noteworthy compound annual growth rate (CAGR) of 8.22% during the period from 2023 to 2028.
Source: https://finance.yahoo.com/news/lithiums-versatility-powers-market-growth-131800762.html
With this promising market outlook, Recharge Resources (Ticker: RR.c or RECHF for US investors) is dedicated to advancing its Pocitos 1 Project. The Pocitos Lithium Brine Project, located just 10km from the Pocitos township in Argentina, has witnessed substantial investments in its development, including surface sampling, trenching, TEM and MT geophysics, and successful well-drilling campaigns.
The company has a pending drill program in the pipeline, and an NI 43-101 resource estimate for the project is on the horizon, marking an exciting period of development for Recharge and its stakeholders at the Pocitos 1 Lithium Project.
Recharge Resources also recently announced a big achievement by its subsidiary, Ekosolve™ yesterday. The subsidiary successfully delivered Lithium Carbonate from brines from the Pocitos 1 Lithium Brine Project at 99.99% purity.
Ekosolve™ has exceeded the stringent standards required for battery grade lithium, achieving a level that even surpasses pharmaceutical grade quality. The process involved a meticulous 2-batch extraction, washing, and stripping procedure, culminating in the production of a high-purity lithium carbonate crystalline product.
During this comprehensive process, Ekosolve™ successfully eliminated the majority of impurities, such as calcium, potassium, and sodium, during the washing stage. As a result, the final 2-liter strip liquor contained a lithium concentration of 3,204.43 mg/L, demonstrating the superior efficiency of Ekosolve's technology.
Recharge Resources is eagerly awaiting the completion of the process engineering work by Ekosolve Ltd to produce and assay the lithium carbonate. This, coupled with the forthcoming maiden resource estimate, is expected to solidify the company's position in the lithium industry, marking a significant chapter in the Pocitos 1 Project's journey.
Full News Release: https://recharge-resources.com/news/ekosolve-delivers-99-89-grade-lithium-carbonate-from-recharge-pocitos-1-lithium-brine-project/
Posted on behalf of Recharge Resources Ltd.