News about critical minerals

ELEKTROS Inc. (OTC Pink: ELEK) is conducting an early, exploratory assessment of a possible hard-rock lithium property in northern New York near the Canadian border, but it has not acquired the property and no mineral resource or reserve has been independently verified. The release cites remarks by Elon Musk on lithium-ion batteries for energy storage and by President Donald J. Trump on critical minerals, but says these do not refer to ELEKTROS or the New York property. The company says a domestic lithium source could potentially add to supply options for U.S. battery-material processors, though geological testing, title and mineral-rights verification, and regulatory and economic analysis would be needed first. Benzinga, citing a Benchmark Mineral Intelligence outlook, noted that global lithium demand could more than triple by 2050, requiring 134 additional mines and over $100 billion in investment. ELEKTROS is also exploring development relationships for its multi-port EV charging patent (U.S. Patent No. 12,522,100 B1), a separate initiative.

ELEKTROS is conducting an early assessment of a possible hard-rock lithium property near the Canadian border in northern New York; the company has not acquired the property, and no independently verified mineral resource or reserve exists. The release cites general remarks by Elon Musk and President Donald J. Trump on lithium-ion batteries and critical minerals, but states these comments do not refer to the company's property or any contract. Citing a Benchmark Mineral Intelligence industry outlook, global lithium demand could more than triple by 2050, requiring 134 additional mines and over $100 billion in investment. ELEKTROS is also exploring development relationships tied to its multi-port EV charging patent, but has announced no prototype, patent license, customer deployment or revenue.

China reported sharp increases in its gold, nickel and other strategic mineral reserves after a nationwide reassessment, according to Xinhua. Rhenium resources rose more than 200%, while gold and nickel reserves grew by amounts equal to 50 and 30 large deposits, respectively. The yearlong survey covered 17 strategic minerals at more than 1,800 operating mines and mining areas across 27 provinces, autonomous regions and municipalities, including associated and lower-grade deposits. Separately, China found its first paleofluvial-lacustrine zircon placer deposit in Baicheng, Xinjiang, which could substantially boost domestic zircon supply. The increases reflect revised resource estimates rather than necessarily new discoveries.