Saturday , 4 February 2023

5 Lithium Juniors Highly Levered to the ‘Lithium Rush’

Lithium supply and demand imbalance could put an added charge into the lithium juniors on our list.

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With increasing demand for energy storage products and electric vehicles, producers are finding it difficult to keep up in the near and medium term. This could be just the beginning of a long bull market for this commodity.

Today, we have identified 5 lithium juniors that have surged as much as 1700%+ over the past year, yet may see even more upside if the lithium rally continues.

1. Millennial Lithium Corp (TSXV: ML) – $1.51 Canadian

Specialty Mining & Metals

Millennial Lithium Corp, formerly Redhill Resources Corp, is a Canada-based exploration and development company focused on lithium assets located in Argentina. The Company owns interests in Pastos Grandes Lithium Project….

The Company also owns Lincoln Lithium Property, which covers an area of approximately 3,000 acres of placer claims in the Big Smoky Valley, Nevada.

  • Market Cap: $55 million CAD
  • Total Cash (FQ0): $3.67 million CAD
  • Total Debt (FQ0)): $0
  • 52-week Price Change: +1,787.5%

2. Advantage Lithium Corp. (TSXV: AAL) – $0.70 Canadian

Specialty Chemicals

Advantage Lithium Corp., formerly North South Petroleum Corp., is a Canada-based resource company specializing in the strategic acquisition, exploration and development of lithium properties.

The Company has agreements to acquire interests in mineral resources properties located in Nevada (5); Mexico (1), and Argentina (6).

  • Market Cap: $37 million CAD
  • Total Cash (FQ0): $6.73 million CAD
  • Total Debt (FQ0): $0
  • 52-week Price Change: +400.0%

3. Nemaska Lithium Inc (TSX: NMX) – $1.37 Canadian

Specialty Mining & Metals

Nemaska Lithium Inc. is engaged in the exploration and development of hard rock lithium mining properties and related processing of spodumene into lithium compounds.

The Company’s activities are in the Province of Quebec, Canada.

  • Market Cap: $432 million CAD
  • Total Cash (FQ0): $56.11 million CAD
  • Total Debt (FQ0): $2.00 million CAD
  • 52-week Price Change: +234.1%

4. Lithium Americas Corp. (TSX: LAC) – $1.18 Canadian

Specialty Mining & Metals

Lithium Americas Corp., formerly Western Lithium USA Corp., is a resource company focused on development of two lithium development projects in Argentina and Nevada, USA.

  • Market Cap: $356 million CAD
  • Total Cash (FQ0)): $13.14 million CAD
  • Total Debt (FQ0): $1.46 million CAD
  • 52-week Price Change: +195.0%

5. Lithium X Energy Corp. (TSXV: LIX) – $2.06 Canadian

Commodity Chemicals

Lithium X Energy Corp., formerly Royce Resources Corp., is a lithium exploration and development company focused on becoming a supplier for the lithium battery industry.

The Company holds properties in Nevada, the United States and in Salta, Argentina.

  • Market Cap: $139 million CAD
  • Total Cash (FQ0): $16.73 million CAD
  • Total Debt (FQ0): $0.00 million
  • 52-week Price Change: 136.8%

Related Articles from the munKNEE Vault:

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Tesla just activated its battery gigafactory, and China is moving to hoard the world’s cobalt supplies at the same time that Trump promises a military build-up that can only happen with the precious metal. This all means supply panic for everything from the electric car break-out to the military industrial complex. Right in the middle of this we have small-cap North American explorers—our new potential barons-in-the-making—in whose hands our energy revolution now lies.

2. These Cobalt Stocks Will Benefit From Increase In Production Of Lithium-ion Batteries

Elon Musk, CEO of Tesla, has come up with a master plan for ramping up car production which, if achieved, could cause lithium stocks to skyrocket. Below are descriptions of 5 such companies that could become supercharged as a result.

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