Mexico does not yet have commercial lithium production, though close to a dozen foreign companies hold contracts to explore potential deposits.

The 2022 PEA also assesses the royalty's impact on the projected results for the three potential mine expansion scenarios.

Highlighted results, all from the Upper Horizon area of the Hilltop target, include 60.2 g/t gold, 908.7 g/t silver, 15.7% lead and 1.1% zinc over 10 metres.

The battery-storage market was picked as the sector with the most potential in a Bloomberg News survey.

Countries within the OECD policy forum and the European Union are on track to close more than 75% of their coal power capacity from 2010 to 2030.

Redwood Materials, the battery recycling company created by Tesla co-founder J.B. Straubel, said it has reached a deal to supply Panasonic with billions of dollars in critical battery components.

The deal gives enCore three of only 11 licensed production facilities in the United States.