Could Recharge Resources (SLLTF) Benefit From Growing Lithium Demand

Lithium is once again coming up against a problematic supply and demand situation (Source 1). The last time that happened, some of the world’s biggest lithium companies blew up. Albemarle ran from around $45 to around $137. Lithium Americas Corp. ran from around 93 cents to nearly $10.40. Galaxy Resources Ltd. cost about 15 cents to about $2.75 (Source 2). Electric vehicle (EV) sales are growing much faster than anyone can be thanked for generational lithium demand (Source 3)

Unfortunately, there is not enough lithium supply to support the electric vehicle boom. Even the International Energy Agency has just warned: “The supply of essential minerals for technologies such as wind turbines and electric vehicles will need to be increased over the coming decades if the planet’s climate goals are to be met. (Source 3). At least 30 times more lithium, nickel and other key minerals could be needed by the electric car industry by 2040 to meet global climate goals” (Source 4).

The global community will need a significant amount of lithium supply, and that’s where Recharge Resources Canada TSXV:(RR) US OTC:(SLLTF) can help significantly.

Recharge Resources (OTC MKTS:SLLTF) is currently seeking to identify, explore and develop complementary battery metal technologies through open source applications to improve the world and meet growing demand. Recharge Resources is uniquely positioned to acquire mining properties that produce critical battery materials to meet growing demand for electric vehicles. Meanwhile, industry experts are leading the way throughout the supply chain.

Recharge Resources’ Georgia Lake North & West lithium properties, which are adjacent to RockTech Lithium’s Georgia Lake property, consist of two projects totaling 320 hectares and 432 hectares respectively. Based on a total of 351 drill holes with a combined length of 47,384 m, an NI43-101 compliant resource estimate of 6.58 million tonnes in the measured and indicated category and 6. 72 million tonnes in the presumed category was published in August 2018 (Source 5).

Additionally, as a diversified battery metals company, Recharge Resources focuses on all 3 elements of battery metals, not just one, including lithium, nickel and cobalt. In a recent press release, Recharge President and CEO Yari Nieken said, “We have several very promising battery metal exploration projects underway, targeting lithium, nickel, copper, gold and palladium in active mining camps. Throughout 2021, Recharge has advanced several projects and significantly expanded its geological understanding and footprint at Pinchi Lake to cover several historic nickel occurrences that will be further explored throughout our Phase 2 work program on the recommendation of our geological team. The Company looks forward to an active exploration season in 2022 as we continue to develop our portfolio of battery metal projects in highly prospective and mining-friendly regions of North America, with a focus on the nickel and lithium. (Source: https://finance.yahoo.com/news/recharge-resources-provides-corporate-210100317.html)

Click HERE to read reasons to consider placing Recharge Resources Ltd SLLTF at the top of your watch list.

Other lithium stocks to watch include Albemarle ALBGanfeng Lithium GRENSociedad Quimica y Minera de Chile Livent LTHMLithium Americas LAKE.

Sources:

Source 1: https://www.Reuters.com/business/energy/shortages-flagged-ev-materials-lithium-cobalt-2021-07-01/. Source 2: https://stockcharts.com/h-sc/ui?s=alb. Source 3: https://www.bloomberg.com/news/articles/2021-06-22/shift-to-electric-cars-coming-faster-than-expected-study-shows. Source 4: https://www.cnbc.com/2021/05/05/electric-vehicles-renewables-will-need-rise-in-mineral-supply-iea.html. Source 5: https://recharge-resources.com/projects/georgia-lake-west-north/

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