lithium discovery

Elektros Inc. (OTC PINK: ELEK) saw its stock price surge 344% following a potentially significant lithium discovery in Sierra Leone. The company’s exploration targets a West African lithium deposit amid growing demand for the mineral in the EV and renewable energy sectors. CEO Shlomo Bleier highlighted the discovery’s strategic importance, positioning Elektros Inc. for future growth. The company focuses on sustainable energy solutions, aiming to meet increasing global demand for lithium.

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.

Elektros Inc. (OTC: ELEK) announced a major lithium discovery in Sierra Leone, potentially among West Africa’s largest deposits, with grades exceeding initial estimates. CEO Shlomo Bleier called it “transformative,” aligning with surging EV battery demand forecasted to grow 42-fold by 2040. The find could diversify global lithium supply dominated by Australia, Chile, and China, easing EV production bottlenecks. Despite a 23% pre-market stock surge, challenges include 3-5 years of pre-production studies, Sierra Leone’s governance risks, and volatile lithium prices. Elektros plans AI-driven exploration to expedite development, mirroring Rio Tinto’s cost-reduction strategies. The project highlights West Africa’s role in ethical, geopolitically balanced supply chains.