Five Top Lithium and EV Stocks That Could Rise as Lithium Hits All Time Highs

September 20, 2022 - - Electric vehicle and lithium companies continue to jockey for lithium resources and supplies as the world experiences astronomical growth amidst a move to electric vehicles, including Recharge Resources Ltd. (CSE: RR) (OTC: RECHF), Tesla Inc. (NASDAQ: TSLA), Lithium Americas (TSX: LAC), American Lithium (TSXV: LI) and Piedmont Lithium (NASDAQ: PLL). Bloomberg News announced just last week that Lithium carbonate had hit a fresh record of 500,500 yuan ($71,315) a ton in China, according to data from Asian Metal Inc noting. Bloomberg further noted “The surge in prices of lithium, the key battery material used to power electric cars, is seemingly unstoppable.”

Look at Recharge Resources (CSE: RR) (OTC: RECHF), For Example:

Recharge today announced the company’s project manager has entered into a drill contract for the company’s imminent drilling for its “Pocitos 1” Lithium Brine project in Salta, Argentina. The company has advanced an additional USD $141,000 to the now fully funded and now fully advanced production diameter well drill program.

Recharge expects their upcoming drill program to commence on or around October 7th., 2022.

Recharge is working closely with it’s in-country advisors on the fully funded single 400-meter production diameter well located between the two previously drilled exploration HQ diamond drill holes which will be positioned to confirm the continuity of aquifer containing the lithium brines delineated during previous drill campaigns for the establishment of a NI 43-101 compliant resource.

"With a now fully funded and executed drill contract with funds advanced to the contracting parties Recharge’s planned drilling of a production diameter well at the Pocitos 1 lithium salar is moving forward quickly. With two existing drill holes in place, this new drilling will contribute to establishing a NI 43-101 mineral resource estimate. We have benefitted greatly from an Argentinian geological team which has empowered us to continue to make progress towards our next goals of establishing a NI 43-101 compliant mineral resource, a scoping study of the project, identifying offtake or supply opportunities for lithium products and strategic partners for the Pocitos 1 Project.” - stated David Greenway, CEO of Recharge Resources

Other related developments from around the markets include:

Tesla Inc. CNBC reported that Electric car giant Tesla is evaluating the feasibility of a lithium hydroxide refining facility on the gulf coast of Texas.

Tesla said the plant would be focused on the development of “battery-grade lithium hydroxide” and be “the first of its kind in North America,” according to a newly released letter to the Texas Comptroller’s Office.

Lithium Americas Inc. announced 2nd quarter results including driving towards production in Argentina. Construction continues to progress towards production with key areas of the processing plant preparing to commence commissioning shortly. 33kv power line, gas pipeline and the water systems were completed and commissioned. Over 1,650 workers on site with teams beginning to transition from construction to operations. With construction over 90% complete, focus has shifted to prioritize production over completion of all purification circuits. As a result, a portion of the purification process designed to achieve battery-quality is being deferred until early 2023.

American Lithium., American Lithium Commences EIA drilling at Falchani and awards Pea update work to DRA Global and Stantec Inc. American Lithium, a member of the TSX Venture 50, is actively engaged in the acquisition, exploration and development of lithium projects within mining-friendly jurisdictions throughout the Americas. The company is currently focused on enabling the shift to the new energy paradigm through the continued exploration and development of its strategically located TLC lithium claystone project in the richly mineralized Esmeralda lithium district in Nevada as well as continuing to advance its Falchani lithium and Macusani uranium development projects in southeastern Peru. Both Falchani and Macusani have been through preliminary economic assessments, exhibit strong additional exploration potential and are situated near significant infrastructure.

Piedmont Lithium, Piedmont Lithium Selects Tennessee for New Lithium Hydroxide Project. Piedmont is a leading global developer of lithium resources critical to the U.S. electric vehicle ("EV") supply chain, today announced the selection of Etowah, Tennessee in McMinn County as the location of the company's planned 30,000 metric ton per year ("tpy") LHP 2 lithium hydroxide operation ("Tennessee Lithium" or "Project"). With a planned completion and start of production in 2025, the company believes Tennessee Lithium will be the largest lithium hydroxide processing facility constructed in the United States. The project is expected to convert spodumene concentrate sourced principally from Piedmont's international project investments to significantly expand the U.S. supply of lithium hydroxide, a key component in the manufacturing of EV batteries.

Source: ("IFN")

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