4 Cashed Up Canadian Lithium Stocks

The Canadian lithium stocks on our list have recently closed financings

SmallCapPower | January 3, 2018: The Global X Lithium ETF increased 59% Y/Y, driven by heightened demand from the movement towards the electrification of transportation. In addition, battery metal exploration companies have been on a financing spree of late, as demonstrated by the Canadian lithium stocks on our list today, which have raised approximately $80 Million in the last couple of months alone.

Millennial Lithium Corp. (TSXV:ML) – $3.70
Lithium Exploration & Development

Millennial Lithium is a Canada-based exploration stage company with three properties under development. The Company’s flagship project is the Pastos Grandes Project, which comprises 6,360 hectares in the Salta Province, Argentina. Millennial is currently engaged in financing the project and expects Pastos Grandes to begin production in 2020.

  • Market Cap: $263 Million
  • Recent Financing: $30 Million (Closed on Nov 23, 12M shares at $2.50 per share)
  • 90-Day Return: 164%

Power Metals Corp. (TSXV:PWM) – $0.72
Lithium Exploration & Development

Power Metals is an exploration-stage company focused on its lithium assets in Canada. The Company’s portfolio comprises seven properties in Ontario, Alberta and Nova Scotia. PWM’s flagship property is the Case Lake Lithium project located 100 kilometers north of Kirkland Lake, Ontario.

  • Market Cap: $63 Million
  • Recent Financing: $3 Million (announced Dec 15, 6M units at $0.50 per unit for one share and one warrant at $0.70)
  • 90-Day Return: 132%
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Neo Lithium Corp. (TSXV:NLC) – $2.27
Lithium Exploration & Development

Neo Lithium is an exploration-stage company advancing its 3Q Lithium Brine Project in Argentina. The Company’s property comprises 35,000 hectares and is located in Latin America’s Lithium Triangle in the province of Catamarca, Argentina. The project has a Pre-Feasibility Study in place, which indicates an after-tax NPV of US$1.2 Billion (discount rate 8%).

  • Market Cap: $265 Million
  • Recent Financing: ~$30M (closed Nov 21, 15M shares at $1.95 per share)
  • 90-Day Return: 59%

Frontier Lithium Inc. (TSXV:FL) – $0.65
Lithium Exploration & Development

Frontier Lithium is a Canada-based company focused on the development of lithium assets. The Company’s flagship property, the PAK Lithium project, encompasses ~7,000 hectares located 175 kilometers north of Red Lake in Ontario. Currently, the PAK project stands in the pre-feasibility stage, which is expected to be released in the coming months.

  • Market Cap: $86 Million
  • Recent Financing: $1 Million (closed December 4, 2.2M units at $0.40 per unit, for one share and one warrant at $0.64)
  • 90-Day Return: 67%

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Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own units in any of the companies mentioned above.

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