Lithium Ion batteries have 'won the war' for EV use; these high capacity, fast-to-charge batteries are found in every EV in production today and are at the heart of the EV roadmap for the future.

Peny Property has the potential of lithium hosted by Spodumene.

Lithium, nickel and cobalt are all expected to have the highest multiples of demand growth, with the need for silver remaining high for its conductive and corrosion-resistant properties.

Surging EV demand has seen lithium prices and an undersupplied market environment, Chinese refineries imported spodumene concentrates below 1.5 percent lithium oxide (0.7 percent lithium) in order to supply market needs.