Lithium supply and demand imbalance could put an added charge into the lithium juniors on our list
SmallCapPower | February 24, 2017: Lithium prices tripled even before Tesla’s Giga-factory got underway, and now another 11 similar mega-battery manufacturing facilities are breaking ground. With increasing demand for energy storage products and electric vehicles, producers are finding it difficult to keep up in the near and medium term. This could be just the beginning of a long bull market for this commodity. Today, we have identified five lithium juniors that have surged as much as 1700%+ over the past year, yet may see even more upside if the lithium rally continues.
Millennial Lithium Corp (TSXV: ML) – $1.51
Specialty Mining & Metals
Millennial Lithium Corp, formerly Redhill Resources Corp, is a Canada-based exploration and development company focused on lithium assets located in Argentina. The Company owns interests in Pastos Grandes Lithium Project. The Pastos Grandes Lithium Project is an advanced-stage development project located within the Lithium Triangle. The project is located in the Los Andes Department, in the Central portion of the Puna Block of Salta Province, northwestern Argentina. The Company also owns Lincoln Lithium Property, which covers an area of approximately 3,000 acres of placer claims in the Big Smoky Valley, Nevada.
- Market Cap: $55 million
- Total Cash (FQ0): $3.67 million
- Total Debt (FQ0)): $0
- 52-week Price Change: +1,787.5%
Advantage Lithium Corp. (TSXV: AAL) – $0.70
Specialty Chemicals
Advantage Lithium Corp., formerly North South Petroleum Corp., is a Canada-based resource company specializing in the strategic acquisition, exploration and development of lithium properties. The Company has agreements to acquire interests in mineral resources properties located in Nevada, United States; Mexico, and Argentina. The Company has a letter of intent (LOI) to acquire 100% interest in five projects in Argentina and up to 75% in a sixth project, Cauchari. The Company is also focused on earning an interest in a portfolio of five lithium brine projects in the Clayton and Lida Valley regions of Nevada, together with certificated water rights in the Clayton Valley.
- Market Cap: $37 million
- Total Cash (FQ0): $6.73 million
- Total Debt (FQ0): $0
- 52-week Price Change: +400.0%
Nemaska Lithium Inc (TSX: NMX) – $1.37
Specialty Mining & Metals
Nemaska Lithium Inc. is engaged in the exploration and development of hard rock lithium mining properties and related processing of spodumene into lithium compounds. The Company’s activities are in the Province of Quebec, Canada. Its properties include Whabouchi, Sirmac and Lithium Chemicals Complex. The Company owns over two mining properties consisting of approximately 60 claims (Whabouchi and Sirmac) in the Eeyou Istchee/James Bay territory, province of Quebec. The Company also acquired a portion of the land and the Shawinigan Site that will house the Company’s Phase 1 Plant and the Commercial Hydromet Plant that will convert spodumene concentrate into lithium hydroxide and lithium carbonate.
- Market Cap: $432 million
- Total Cash (FQ0): $56.11 million
- Total Debt (FQ0): $2.00 million
- 52-week Price Change: +234.1%
Lithium Americas Corp. (TSX: LAC) – $1.18
Specialty Mining & Metals
Lithium Americas Corp., formerly Western Lithium USA Corp., is a resource company focused on development of two lithium development projects: the Cauchari-Olaroz project, which is located in Jujuy province of Argentina and the Lithium Nevada project, which is located in northwestern Nevada, the United States.
- Market Cap: $356 million
- Total Cash (FQ0)): $13.14 million
- Total Debt (FQ0): $1.46 million
- 52-week Price Change: +195.0%
Lithium X Energy Corp. (TSXV: LIX) – $2.06
Commodity Chemicals
Lithium X Energy Corp., formerly Royce Resources Corp., is a lithium exploration and development company focused on becoming a supplier for the lithium battery industry. The Company holds properties in Nevada, the United States and in Salta, Argentina. Its Sal de los Angeles project is situated in the Lithium Triangle in Salta Province, Argentina. The project consists of approximately 8,160 hectares covering the nucleus of Salar de Diablillos. It also holds an option agreement on over 15,020 acres in Nevada’s Clayton Valley. Valley North covers approximately 5,480 acres in northern Clayton Valley, Nevada.
- Market Cap: $139 million
- Total Cash (FQ0): $16.73 million
- Total Debt (FQ0): $0.00 million
- 52-week Price Change: 136.8%
