The global lithium market is expanding rapidly due to an increase in the use of lithium-ion batteries for electric vehicle and energy storage applications. Boron is widely used in the glass industry to strengthen and increase heat resistance for glass cookware, laboratory glassware and glass screens used in mobile phones, tablets and liquid crystal display televisions. Boron is also used in fiberglass, insulation, electronics and as a micronutrient in agriculture.
Rhyolite Ridge is poised to become a globally significant, long-life, low-cost source of lithium and boron vital to a sustainable future. The resources onsite have the potential to make a positive environmental and economic impact locally, nationally and globally.