Following the recent rise in battery metals prices, we have found some Canadian vanadium stocks to watch as vanadium has the unique characteristics to become the next hot battery metal
SmallCapPower | November 7, 2017: Vanadium is a metallic element that is used in the manufacture of batteries for utility scale energy storage. Vanadium has a number of attributes that make it preferable to lithium, for utilities & grid scale battery storage. Vanadium flow batteries have significantly longer lifetimes of up to 20 years, as opposed to lithium batteries where capacities tend to decline significantly after 3 to 5 years of use. More importantly, vanadium flow batteries generate very low levels of heat, and do not pose a risk of combustion that lithium batteries face. Although the batteries for grid-scale energy storage are a relatively new technology, they are increasing in popularity, and could boost the share prices of the Canadian vanadium stocks on our list. Megawatt scale batteries are being developed for projects in China, the UK, United States and Singapore.
Largo Resources Ltd. (TSX:LGO) – $1.09
Metals & Mining
Largo Resources is a Canada-based minerals producer that operates the Macaras Menchen Mine in Brazil. The Macaras Menchen mine is an open-pit mine and milling operation in Bahia, Brazil that began production in August 2014. The Company also owns the Campo Alegre de Lourdes Property (Iron, Vanadium, Titanium), which comprises 9,275 hectares, 650 kilometers north west of Salvador, Bahia, Brazil.
Sparton Resources Inc. (TSXV:SRI) – $0.10
Sparton Resources is a Canada-based minerals exploration and development company that also has interests in vanadium battery production. Currently, Sparton aims to develop its Vanadium property in Jiangxi, China. Alongside its property, Spartan also has an 18% interest in Pu Neng Energy. Pu Neng develops a variety of vanadium flow batteries, some of which can store electricity at a megawatt scale.
Vanadiumcorp Resource Inc. (TSXV:VRB) – $0.11
Metals & Mining
Vanadiumcorp Resource is a mining and exploration company with several properties in Canada. The Company’s Iron-T (Vanadium, Titanium, Iron) project comprises 8,500 hectares and is located 18 kilometers east of Matagami, Quebec. Vanadiumcorp is also in the advanced stages of developing its Lac Dore project, which is located 70 Km southeast of Chibougamou, Quebec.
Berkwood Resources Ltd. (TSXV:BKR) – $0.35
Metals & Mining
Berkwood Resources is a Canada-based company focused on the exploration and development of battery metals and related minerals. The Company’s flagship Lac Gueret Extensions Graphite Project comprises ~19,000 hectares in Côte Nord, Quebec. On October 17, the Company announced the completion of its Phase 1 drill program at Lac Gueret, where graphite was intersected at all 13 holes drilled. Additionally, Berkwood announced the acquisition of the Roscoe Vanadium Property, which is also located in the Cote Nord area in Quebec and comprises ~2,200 hectares.
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