Battery metals

Battery X Metals has optimized its Canadian asset base by relinquishing four claims at the Belanger Project, reducing its landholding to approximately 2,133.6 hectares. The company secured an extension for exploration work until April 2026. Battery X Metals is reviewing strategic options for the project, reinforcing its commitment to battery metals initiatives.

Elektros Inc. (OTC: ELEK) announced a major lithium discovery in Sierra Leone, with grades exceeding commercial thresholds, positioning it among West Africa’s largest undeveloped deposits. The find aligns with projections of 42-fold lithium demand growth by 2040, offering potential to diversify EV supply chains amid automakers’ push for ethical sourcing. Despite Sierra Leone’s challenging business environment and Elektros’ microcap status ($12M valuation), proximity to ports and low impurity levels present advantages. Risks include unproven feasibility and infrastructure gaps. Tesla’s recent Africa-focused lithium strategy and regional patent filings hint at synergies. Success hinges on partnerships, testing, and navigating local regulations to transform the deposit into a supply chain asset.