Climbing demand for the metal lithium at a time of broader commodity weakness has Canada’s Nemaska Lithium Inc and Western Lithium USA Corp confident they can soon obtain scarce capital even as other junior miners struggle.
A scramble to secure lithium has accelerated as prices have risen, driven by demand for smartphone, laptop and electric car batteries.
“Everyone can see the writing on the wall as we move toward 2020, and a need for new deposits to get into production,” said Jon Hykawy, president of consultancy Stormcrow Capital. “Problem is, the capital really isn’t there.”
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