In light of yesterday's lithium results from Argentina Lithium & Energy Corp., expert Clive Maund takes a look at the 10-year, 15-month, and 6-month charts for the natural resource company to tell you his outlook.
Snow Lake Resources Ltd.'s shares traded 38% higher Friday after the company reported it signed an MOU with global lithium-ion battery manufacturer LG Energy Solution. Under the terms of the proposed agreement, the firms will collaborate to develop and build a lithium hydroxide processing plant in Winnipeg, Man. capable of supplying LG Energy with lithium over a 10-year period beginning in 2025.
Shares of Electra Battery Materials Corp. traded 13% higher yesterday after the company reported it entered into a 3-year supply agreement with LG Energy Solution of South Korea to provide 7,000 tonnes of cobalt sulfate for use in manufacturing batteries for electric vehicles in North America.
With a 340% year-over-year increase in the price of lithium, raising cash for exploration is easier than it once was. One lithium junior just raised more than CA$3.3 million to bolster its lithium portfolio with another project in Argentina and continues exploration on a nearby project that borders a lithium project being developed by Rio Tinto.
First Lithium Minerals Corp. will begin trading on the Canadian Stock Exchange tomorrow, August 9, 2022, under the symbol FLM, following the completion of a reverse takeover of both First Lithium Minerals Inc. and QL Minerals Inc. by First Lithium Minerals Corp. (formerly PetroCorp Group Inc.)
The Critical Investor takes a look at one junior lithium play in Argentina that just had some success with the drill bit and is building its prospective land package — real estate that should only increase in value as lithium carbonate prices hover around US$75,000 per tonne.
Lithium carbonate prices are up 340% year-over-year and one lithium junior explorer operating in Argentina just drilled some healthy lithium grades in a salar that extends beyond its property boundary and onto the junior's concessions.
Fundamental Research Corp. mentioned in a research note that this company is on a clear path to a potential new discovery in Argentina. The firm stated that it expects that a maiden resource estimate for its properties will be completed next year and is initiating coverage with a "Buy" rating.
As money dries up for a lot of mineral exploration, it seems that investors will still write checks for lithium plays. One junior with two lithium projects in Chile recently raised over $3 million — and the investors approached the company.
Shares of Nano One Materials Corp. traded 46% higher after the company reported it has agreed to acquire 100% of the shares of Québec lithium iron phosphate cathode material manufacturer Johnson Matthey Battery Materials Ltd. for CA$10.25 million.
Lithium demand is expected to increase by at least 300% between now and 2030 as the desire for electric vehicles, smartphones, and other portable technology puts unprecedented pressure on global lithium production. Here are five ideas to add lithium to your life — and your portfolio.
Shares of Livent Corp. traded 23% higher after the company reported a 56% YoY increase in Q1/22 revenue driven by strong demand and higher prices and significantly increased its FY/22 adjusted EBITDA forecast.