The Canadian lithium stocks on our list have generated stellar one week and one-month returns
SmallCapPower | May 24, 2018: The Global X Lithium & Battery Tech ETF increased 2% over the four weeks since April 23. Demand for lithium-ion batteries in electric vehicles has caused this index to more than double since early 2016. Though the ETF has been relatively flat over the last month, the four Canadian lithium stocks on our list today have managed to return impressive growth over the same period.
MGX is a resource production company, focused on lithium, magnesium and silicon mining in North America. MGX considers itself a first mover in the petro-lithium approach to mineral resource extraction. The process concentrates lithium and other high-value minerals from the brine wastewater produced in oil & gas (O&G) production. The Company believes its proprietary extraction process to be the future of lithium production, as it allows O&G producers to monetize their wastewater. The Company’s stock has returned 30% since May 16, and 36% since April 23.
- Market Cap: $124.7 Million
- 1 Week Total Return: 29.7%
- 1 Month Total Return: 35.6%
- YTD Total Return: 20.4%
Millennial Lithium is a Canada-based, exploration-stage company with two properties under development. The Company’s flagship project is the Pastos Grandes Project, which comprises 8,664 hectares in the Salta Province of Argentina. Millennial is currently engaged in the feasibility and permitting stage for Pastos Grandes, with production anticipated to commence in 2020. The Company’s stock has returned 21% since May 16, and 14% since April 23.
- Market Cap: $237.6 Million
- 1 Week Total Return: 20.7%
- 1 Month Total Return: 13.8%
- YTD Total Return: -23.5%
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 Company asserts that 3Q is among the highest grade and lowest impurity lithium projects in the world. Production is anticipated to begin in 2021. The Company’s stock has returned 9% since May 16, and 18% since April 23.
- Market Cap: $187.8 Million
- 1 Week Total Return: 9.3%
- 1 Month Total Return: 17.9%
- YTD Total Return: -28.3%
Advantage Lithium is a Canada-based company with a total of five assets in Argentina and the United States. The Company’s flagship asset, the Cauchari project, is a 75/25 Joint Venture between the Company and Orocobre Limited (TSX:ORL). The project comprises 28,500 hectares and is located 10 kilometers south of Orocobre’s LCE production plant in the Jujuy Province, Argentina. A feasibility study is expected to be completed in early 2019. The Company’s stock has returned 7% since May 16, and 9% since April 23.
- Market Cap: $139.9 Million
- 1 Week Total Return: 6.9%
- 1 Month Total Return: 9.0%
- YTD Total Return: -9.2%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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