Top Lithium Stocks This Month
When it comes to investing in lithium stocks, it’s crucial to consider the impact electric cars. Lithium-ion technology is used in the majority of manufacturing battery electric vehicles. As you may be aware, the electric vehicle market has exploded in the recent decade. The popularity of electric vehicles has soared in recent years. Tesla Inc. was responsible for a lot of this momentum (NASDAQ: TSLA). The company was successful in bringing electric vehicles into the mainstream. This prompted a slew of other automakers, including Audi, Ford, and Chevrolet, to develop their own all-electric vehicles.
Most, if not all, automakers now appear to be leaning toward developing electric vehicles. Audi has stated that by 2025, they want their whole model line to be electric. Given that the company has only produced a few electric vehicles to date, this is a lofty aim. For the time being, it appears that no other technology will be able to replace lithium-ion batteries anytime soon. This suggests that the demand for lithium will continue to be high as long as the demand for electric vehicles does.
Many lithium stocks have soared in value during the last year and a half. There are many component and car shortages in the auto industry. This includes electric vehicles, which has resulted in a significant increase in market demand. Lithium equities are a long-term investment for many individuals. This is due to the industry’s constant expansion over a long period of time. Lithium stocks may not be at their all-time highs right now, but volumes remain high, indicating that investors remain bullish on the industry. Currently, the market is concerned about inflation, despite the government’s financial assistance. Nobody knows how this will affect mining stocks, particularly those that process lithium.
Top Lithium Stocks To Watch
- Piedmont Lithium Inc. (NASDAQ: PLL)
- American Battery Metals Corporation (OTC: ABML)
- Lithium Americas Corp. (NYSE: LAC)
Piedmont Lithium Inc. (NASDAQ: PLL)
Piedmont Lithium Inc. is a mining company that is involved in the exploration and development of various resource projects. The company’s wholly-owned Piedmont lithium project spans 2,322 acres. North Carolina is the location of this property. In addition, the corporation owns a 61-acre plot of land in North Carolina.
Piedmont Lithium recently announced that it has expanded its Spodumene resources through investments in IronRidge Resources. This was accomplished to help progress Piedmont to become the number one producer of lithium hydroxide, which is its current goal. The company will now receive a 50% interest in IronRidge Resource’s Ghana-based lithium portfolio. The deal includes other things such as a binding supply agreement for 50% of the company’s spodumene concentrate production.
President and CEO Keith D. Phillips said, “We are very pleased to announce a partnership with IronRidge Resources to jointly develop their outstanding spodumene project portfolio in Ghana. We consider IRR’s Ewoyaa Project to be among the world’s most promising spodumene projects.” Based on this, will PLL be on your list of lithium stocks to watch?
American Battery Metals Corporation (OTC: ABML)
The lithium company American Battery Metals Corporation explores, mines, extracts, and recycles battery materials all around the world. It has 647 placer mining claims on 12,940 acres of property that it actively manages. It also contains a 120-acre private tract of land with water rights. This property is located in Nye County, Nevada, in the Western Nevada basin.
American Battery Metals Corporation recently provided an update on its Pilot Plant. The company announced that its mass grading permit has been approved at the location. CEO Doug Cole said, “Progress continues on our Lithium-Ion Battery Recycling Pilot Plant with the approval of our mass grading permit. The final step prior to site construction work is the submission and approval of the core/shell building permit. We believe we will be prepared to submit the core/shell building permit next week.”
The plant and storage facility is being designed and built in collaboration with a number of companies. American Battery Metals will begin grading at the site once the company’s building permit is obtained. All of this is contingent on when the city decides to review and approve the project. Will ABML be added to your list of lithium stocks to watch now that you have this information?
Lithium Americas Corp. (NYSE: LAC)
Lithium Americas Corp. is a lithium exploration and development company. The Cauchari-Olaroz Project and the Thacker Pass Project are currently owned by the corporation. Argentina and Nevada are the locations of these projects, respectively. Despite its global reach, the corporation is headquartered in the United States.
Lithium Americas recently announced that it has entered an agreement to acquire 42,857,143 subscription receipts of Arena Minerals Inc. This private placement is valued at C$0.14 per subscription receipt. This makes the total consideration of the deal $4.8 million USD. This gives Lithium America’s future optionality to advance its exploration in Argentina.
President and CEO of Lithium Americas Corp., Jon Evans said, “We look forward to working with Arena Minerals and Ganfeng to support the pursuit of resource exploration opportunities in Argentina. This investment will allow Lithium Americas to advance our long-term resource development plans while maintaining our team’s focus on execution at Caucharí-Olaroz and the Thacker Pass project.” Noting this info, will LAC make your lithium stock watchlist?
Best Lithium Stocks?
When it comes to investing in lithium stocks, there are numerous factors to consider. The stock market is now being influenced by a few factors. Even though the pandemic has subsided in the United States, it continues to rage in many other parts of the world. Many investors are concerned about inflation right now. Lithium companies have a lot of potential as the electric vehicle and technology sectors continue to rise. In light of this, which lithium stocks are currently on your radar?
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