Five Top Lithium Stocks to Consider as the EV Boom Accelerates into 2023

December 09, 2022 -

Electric vehicles sales are only set to accelerate. Governments want millions of them on the roads, as of yesterday. President Biden wants 50% of all new U.S. auto sales to be electric by 2030. Europe is targeting 50% EV sales penetration by 2030. In China, about 40%. However, for millions of EVs to hit the roads, the world needs far more supply. Unfortunately, that’s easier said than done at the moment, as we deal with strong demand and short supply. Even the IEA warns, “The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met.” That’s creating big opportunity for companies, such as Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF), Standard Lithium (TSXV: SLI) (NYSE: SLI), Albemarle Corp. (NYSE: ALB), Livent Corp. (NYSE: LTHM), and Lithium Americas (TSX: LAC) (NYSE: LAC).

Look at Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF), For Example

Grounded Lithium Corp. is a publicly traded lithium brine exploration and development company that controls 2.9 million tonnes of lithium carbonate equivalent over its focused land holdings in Southwest Saskatchewan. GLC’s multi-faceted business model involves the consolidation, delineation, exploitation and ultimate development of its opportunity base to fulfill our vision to build a best-in-class, environmentally responsible, Canadian lithium producer supporting the global energy transition shift.

The company just announced that its common shares will commence trading on the OTCQB Venture Market on December 9, 2022 under the ticker symbol “GRDAF”. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on The Common Shares will continue to trade on the TSX Venture Exchange under the symbol “GRD”. The OTCQB provides value and convenience to U.S. investors, brokers and institutions seeking to trade the Common Shares. Alongside this effort, the Company also received approval for DTC Eligibility which acts as a clearing house to settle trades in the United States, furthering the liquidity of the Common Shares.

“GLC’s business plan continues to advance quickly and the trading status now of the Company’s Common Shares on the OTCQB in mere months after obtaining a public listing in Canada is something we believe reflects the quality and depth of our team,” commented Gregg Smith, President & CEO. “We continue to look forward to advance the value proposition for all stakeholders.” Greg Phaneuf, VP Finance & CFO added, “The OTCQB trading qualification provides access to a much larger capital base in the United States together with greater liquidity for the Common Shares and visibility in the North American market all of which are expected to enhance capital formulation strategies to fund key valuation milestone events.”

Dorsey & Whitney LLP acted as the Company’s OTCQB sponsor.

Other related developments from around the markets include:

Standard Lithium, a leading near-commercial lithium company, announced it has completed all necessary agreements with LANXESS Corporation to secure access to the proposed commercial lithium plant site and conduct all required fieldwork to support the Definitive Feasibility Study (DFS) underway. Standard Lithium is also pleased to report that subsequent to signing the Site Access Agreement, the Company has commenced the site work necessary for the design of its first commercial lithium plant. Dr. Andy Robinson, President of Standard Lithium commented,

Albemarle Corp., a leader in the global specialty chemicals industry, announced planned investments of up to $540 million to expand and modernize two bromine facilities in Magnolia, Arkansas, designed to meet growing demand for fire safety and specialty products in several industries, including technology, safety, transportation, and green energy. The planned investments have begun and will continue through 2027. “We have a long, rich history of operations in Columbia County with a strong commitment to both the community and the economy in the region,” said Netha Johnson, Albemarle’s president of Bromine. “The facility investments, along with the jobs and the economic stability they bring, reaffirm our dedication to the area and to meeting our customers’ needs as we work together to build the technologies of the future for a safer, greener world.”

Livent Corp. opened the first of several major expansions of the company's operations around the world, significantly boosting its lithium hydroxide production capacity in Bessemer City, North Carolina, a birthplace of lithium-ion battery technology and an increasingly important supply hub for the growing electric vehicle (EV) industry. Livent's leading footprint in North America positions the company to take advantage of long-term growth opportunities and downstream incentives from the recently enacted Inflation Reduction Act (IRA), which encourages use of lithium produced or processed in North America. The expansion in Bessemer City will boost the site's lithium hydroxide manufacturing capacity by 50%, helping meet the growing demand for EV battery materials produced in the United States.

Lithium Americas announced that, after months of review by the Company, along with its advisors and the Board of Directors, it intends to advance a reorganization that will result in the separation of its North American and Argentine business units into two independent public companies. The Separation will establish two separate companies that include: An Argentina focused lithium company owning Lithium Americas’ current interest in its Argentine lithium assets, including the near-production Caucharí-Olaroz lithium brine project in Jujuy, Argentina and a North America focused lithium company owning the Thacker Pass lithium project in Humboldt County, Nevada and the Company’s North American investments.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Grounded Lithium Corp. paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares Grounded Lithium Corp. Please click here for disclaimer.


Ty Hoffer
Winning Media