With Lithium Demand Accelerating, Keep an Eye on These Five Stocks

August 22, 2023 - Baystreet.ca

With growing demand for electric vehicles, lithium will remain a hot commodity. For one, supply can’t keep up with demand. Automakers are so concerned about supply for EV batteries, they’re racing to secure supply. For instance, Albemarle will deliver more than 100,000 tonnes of lithium hydroxide over a five-year period to support Ford EVs. General Motors invested $650 million into Lithium Americas’ Thacker Pass mine, where the miner estimates the lithium extracted can support production of up to a million EVs per year.That’s all substantial news for companies, such as European Energy Metals Corp. (TSXV: FIN) (OTC: EUEMF), Albemarle Corporation (NYSE: ALB), Lithium Americas (NYSE: LAC) (TSX: LAC), American Lithium Corp. (NASDAQ: AMLI) (TSXV: LI), and Piedmont Lithium (NASDAQ: PLL).

Also, remember, according to Stellantis CEO Carlos Tavares, there’s not enough lithium go around for the industry’s plans. “We know that we need lithium. We know that we are not producing as much as we need. We have right now 1.3 billion cars (that are) internal combustion engine powered on the planet. We need to replace that with clean mobility. That will need a lot of lithium. Not only the lithium may not be enough, but the concentration of the mining of lithium may create other geopolitical issues,” he said, as quoted by The Detroit News.

Look at European Energy Metals Corp. (TSXV: FIN) (OTC: EUEMF), For Example

European Energy Metals Corp. announced that it has entered into a definitive agreement to acquire a 100% interest in seven mineral reservations located in northern and Central Finland.

Under the terms of the Proposed Transaction, the Company will acquire all of the shares of BB Gold Inc., a company existing under the laws of Newfoundland and Labrador and its wholly owned Finnish subsidiary, Sisu Exploration Oy, the direct owner of the reservations, from a private individual in exchange for the issuance of 1,250,000 common shares. In addition to any statutory resale restrictions, the Consideration Shares will be subject to the following contractual resale restrictions:


The Vendor will also be granted a 1% net smelter royalty on six of the seven Concessions.

Completion of the Proposed Transaction is subject to customary closing conditions, including receipt of the approval of the TSX Venture Exchange.

Other related developments from around the markets include:

Albemarle announced its results for the second quarter. "We achieved $2.4 billion in net sales, up 60% from prior year, primarily driven by higher prices and volumes in our Energy Storage business," commented Albemarle CEO Kent Masters. "We remain confident in the long-term outlook for our businesses and are increasing our full-year 2023 net sales and adjusted EBITDA outlook based on the recent increase in lithium market prices. Our investments in future capacity are on track, with the Salar Yield Improvement Project mechanically complete and the Meishan project on schedule for early 2024 mechanical completion."

Lithium Americas announced that shareholders have voted in favor of the separation of the Company into Lithium Americas (Argentina) Corp. and a new Lithium Americas Corp. pursuant to a statutory plan of arrangement at the Company’s annual general and special meeting of shareholders held. The Separation was approved by 98.85% of the votes cast by shareholders present or represented by proxy at the Meeting, as well as 98.78% of the votes cast excluding those of such shareholders who are required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.

American Lithium Corp. provided financial and operating highlights for the first quarter. “We continue to see good progress on all fronts and delivered on several key milestones,” stated Simon Clarke, CEO of American Lithium. “We filed a robust maiden PEA at our wholly owned TLC Lithium Project in Nevada and that project has now moved into pre-feasibility with DRA Global as lead engineer. In Peru, we continue to make good progress at our Falchani Lithium Project as it moves through pre-feasibility and as we look to complete the Environmental Impact Assessment launched in 2022 with SRK and the associated drill program which post quarter end has delivered the highest-grade lithium and cesium samples seen to date.

Piedmont Lithium announced the first commercial shipment of spodumene concentrate produced by North American Lithium, which is wholly owned by Sayona Quebec, a joint venture between Piedmont (25%) and Sayona Mining (ASX: SYA) (75%). NAL made the initial 20,500 metric ton shipment of spodumene concentrate via a trading company to international parties. Piedmont owns a 12% equity interest in Sayona Mining and holds an offtake agreement with the JV to purchase the greater of 113,000 metric tons per year or 50% of SC production at a ceiling price of $900 per metric ton (SC-6.0%) on a life-of-mine basis. As 2023 is the start-up year for NAL, the parties have agreed that Piedmont’s allocation this year will be the greater of 56,500 metric tons or 50% of 2023 SC production. Sales by the JV to its customers are expected to support JV operating expenses, while sales under the Piedmont Offtake Agreement are planned to fund the Company’s broader strategic initiatives, including development of our projects in Tennessee, Ghana, and North Carolina.

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. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for European Energy Metals Corp. by European Energy Metals Corp.

We own ZERO shares of European Energy Metals Corp. Please click here for full disclaimer.

Contact Information:

Ty Hoffer
Winning Media