Desoto Resources Ltd. (AU:DES) has released an update.
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DeSoto Resources Ltd. has begun exploration at its Dom Silverio manganese project in Brazil, focusing on the potential for high-grade manganese carbonate, which could be a cost-effective material for electric vehicle batteries. Initial assessments indicate that the project could significantly contribute to the growing demand for manganese-dominant battery chemistries, especially in Brazil’s expanding electric vehicle market. The company is also conducting due diligence with access to extensive historical data to guide further exploration and metallurgical testing.
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