The battery metals stocks on our list have netted investors an average return of 9.4% during the past month
SmallCapPower | October 1, 2018: The battery metals sector has taken a beating in the past year with the spot price of lithium falling nearly 8%, which has driven most stocks lower. For instance, the Global X Lithium & Battery Tech ETF (LIT) is down 9.7% over the same period. Meanwhile cobalt, which is up 5.9% since last year, has also experience some difficulty with a 3% decline over the past month. Cobalt 27 Capital Corp. (TSXV:KBLT), one of the darlings in cobalt space, is down 49.7% year-to-date. However, increasing emphasis on green energy in North America has prompted renewed interest in the electric car, where both lithium and cobalt are key materials. Today, we have identified three battery metals stocks that have charged higher during the past month, despite the overlying macro-economic effects.
American Lithium is a Canada-based lithium developer operating in Nevada. The Company operates two exploratory lithium brine projects, the Fish Lake property and the San Emidio property, totaling 22,000 acres. In July, the Company reported in an exploration update that surface mapping and sampling continues to indicate widespread zones of lithium clay stone.
- Market Cap: $32.1 Million
- 1 Month Total Return: 15.9%
- Average Daily Volume – last 30 days: 68,288
- Average Daily Volume – last 12 months: 68,284
Lithium Energi Exploration Inc. (TSXV:LEXI) – $0.32
Lithium Energi Exploration is a Canada-based battery metals exploration company with properties in Argentina. The Company holds three lithium brine concessions that comprise 128,000 hectares along Abermarle Inc. and FMC Corp’s properties. The Company’s three properties include the Laguna Caro area (17,760 ha), the Antofalla North area (41,500 ha) and the Antofalla South area (69,110 ha). On September 7, 2018, Lithium Energi announced that it had completed its initial geophysical exploration program at Antofalla Salar, indicating positive results for large uninterrupted lithium reservoirs in the northern third of the basin.
- Market Cap: $19.9 Million
- 1-Month Total Return: 8.6%
- Average Daily Volume – last 30 days: 37,098
- Average Daily Volume – last 12 months: 45,366
Neo Lithium is an exploration-stage company, advancing its 3Q Lithium Brine Project in Argentina. The Company’s property comprising 35,000 hectares is located in Latin America’s Lithium Triangle, in the province of Catamarca, Argentina. The Company asserts that 3Q is among the highest grade and lowest impurity lithium projects in the world. Production is anticipated to begin in 2021. On July 19, the Company released a resource estimate for the 3Q project indicating one of the largest reserves in the world, with a Measured & Indicated resource estimated at 4,005,000 tonnes of lithium carbonate at an average lithium grade of 614 mg/L.
- Market Cap: $131.6 Million
- 1 Month Total Return: 3.8%
- Average Daily Volume – last 30 days: 103,884
- Average Daily Volume – last 12 months: 137,877
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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