Story by Maham Fatima
On May 25, Elektros Inc. (OTC:ELEK) announced significant advancements in its lithium expedition in Sierra Leone. Recent geological surveys by Elektros revealed lithium concentrations that exceed initial projections. This suggests the potential for one of West Africa’s most substantial lithium deposits.
The urgency for high-grade and ethically sourced lithium has intensified from major automakers such as Tesla and BMW due to the demand for EVs. Tesla CEO Elon Musk has highlighted that lithium refining and sourcing are among the biggest constraints to Tesla’s growth. This is why discoveries like Elektros’ in Sierra Leone are significant for securing reliable lithium resources and accelerating global EV adoption.
Lithium (Li) ore is a type of rock or mineral that contains significant concentrations of lithium, a soft, silver-white alkali metal with the atomic number 3 and symbol Li on the periodic table. Lithium is known for its unique properties, such as being the lightest metal, having the highest electrochemical potential, and being highly reactive with water.
Lithium is a critical element used in various applications, especially in the production of rechargeable batteries, which are used in a wide range of devices such as electric vehicles, smartphones, laptops, and energy storage systems. Additionally, lithium is also used in other industries, including aerospace, ceramics, glass, and pharmaceuticals.
Source: https://www.msn.com/en-us/autos/news/elektro-uncovers-potential-for-major-lithium-deposit-in-sierra-leone/ar-AA1FwdRo?ocid=BingNewsVerp