The lithium oligopoly continues to shed light on budding developers, including the four lithium stocks on our list
SmallCapPower | December 1, 2017: Global lithium production is sourced primarily by four major producers: Tianqi Group of China (31%), Chemical & Mining Co. of Chile (22%), Albemarle Corp. (20%), and FMC Corp (13%). Another 13% is estimated to be sourced by an assortment of Chinese producers. None of these companies are pure-plays for lithium production. That leaves only 1% that comes from small producers outside these areas! Consequently, the race is on to fill that gap and bring production to the table, and the whole space is up 16% month over month and 93% year-to-date, on average. Included on our list today are four of the best junior lithium stocks as far as year-to-date performance is concerned.
Portofino Resources Inc. (TSXV:POR) – $0.11
Portofino is a Canada-based lithium explorer and developer with projects in the Americas. POR recently executed agreements to several prospective lithium salar properties, totaling 14,000 hectares in Catamarca, Argentina.
- Market Cap: $5 Million
- Month over Month Return: 133%
- Year to-date Return: 62%
Advantage Lithium Corp. (TSXV:AAL) – $1.16
Advantage Lithium is a Canada-based company with a 100% interest in five projects in Argentina. AAL also acquired a 75% interest in a sixth called Cauchari, which is located 20 km south of Orocobre’s flagship Olaroz Lithium Facility.
- Market Cap: $159 Million
- Month over Month Return: 29%
- Year to-date Return: 20%
Dajin Resources Corp. (TSXV:DJI) – $0.16
Dajin holds concessions or concession applications in Jujuy Province, Argentina (93,000 hectares), primarily located in the Salinas Grandes and Guayatayoc salt lake basins. Dajin also has a 51% JV with LSC Lithium Corporation, which agreed to spend $2M towards Dajin S.A.’s Lithium properties. DJI also holds a 100% interest in 403 claims covering 7,914 acres (in the Teels Marsh valley of Mineral County, Nevada and in 191 claims covering 3,851 acres in the Alkali Lake valley of Esmeralda County,
- Market Cap: $22 Million
- Month over Month Return: 23%
- Year to-date Return: 33%
E3 Metals Corp. (TSXV:ETMC) – $0.84
E3 Metals is engaged in the Petro-Lithium space and has rights to over 570,000 hectares in Alberta covering the Leduc Reservoir. The Company is using 60 years of reservoir data from oil and gas operators to target its own sampling of the brines from existing wells.
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- Market Cap: $13 Million
- Month over Month Return: 17%
- Year to-date Return: N/A
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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