Could Recharge Resources (SLLTF) Benefit From the Surging Lithium Demand

Lithium is running into a problematic supply-demand situation- again (Source 1). The last time this happened, some of the world’s top lithium companies exploded. Albemarle ran from approximately $45 to roughly $137. Lithium Americas Corp. ran from around 93 cents to nearly $10.40. Galaxy Resources Ltd. ran from approximately 15 cents to about $2.75 (Source 2).  Electric vehicle (EV) sales are growing much faster than anyone expected can be thanked for generational lithium demand (Source 3)

Unfortunately, there’s not enough lithium supply to support the EV boom. Even the International Energy Agency just warned, “The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met” (Source 3). At least 30 times as much lithium, nickel and other key minerals may be required by the electric car industry by 2040 to meet global climate targets” (Source 4).

The global community will need a significant amount of lithium supply, which is where Recharge Resources Canada TSXV:(RR) U.S. OTC:(SLLTF) may help significantly.

Recharge Resources (OTC MKTS:SLLTF) is currently looking to identify, explore, and develop complementary battery metals technologies via open-source applications to improve the world and meet growing demand. Recharge Resources is uniquely positioned to acquire mining properties that produce essential battery materials to meet the increasing demand for electric vehicles. All while it has industry experts leading the way across the supply chain.

Recharge Resources’ Georgia Lake North & West lithium properties, which are next 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, a NI43-101 compliant resource estimate of 6.58 million tons in the measured and indicated category and 6.72 million tons in the inferred category were published in August 2018 (Source 5).

In addition, 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, President & CEO of Recharge, Yari Nieken, commented: “We have multiple highly-prospective battery metals exploration projects underway, targeting lithium, nickel, copper, gold and palladium in active mining camps. Throughout 2021, Recharge has advanced multiple projects and significantly expanded its geological understanding and footprint at Pinchi Lake to cover multiple historical nickel occurrences that will be further explored throughout our Phase 2 work program at the recommendation of our geological team. The Company looks forward to an active 2022 exploration season as we continue to develop our portfolio of battery metals projects in highly prospective and mining friendly regions of North America focusing on nickel and lithium.” (Source: https://finance.yahoo.com/news/recharge-resources-provides-corporate-210100317.html)

 

Click HERE to read the reasons to consider placing Recharge Resources Ltd (OTCMKTS:SLLTF) on top of your watch list.

 

Other Lithium stocks to look out for include Albemarle (NYSE:ALB), Ganfeng Lithium (OTC:GNEN.F), Sociedad Quimica y Minera de Chile (NYSE:SQM), Livent (NYSE:LTHM), Lithium Americas (NYSE:LAC).

 

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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