The lithium juniors on our list have retained positive three-month returns despite the recent struggles of most lithium stocks
SmallCapPower | March 19, 2018: After Sociedad Quimica y Minera (NYSE:SQM) resolved its labour dispute with Corfo, the Chilean government’s mining agency, allowing for resumption of work in exchange for payments and increased royalties, lithium stocks throughout the world have declined. The Global X Lithium ETF fell 11% over the past three months, and the five largest Canadian lithium companies have decreased an average of 19%, compared to the TSX-V, which increased 3% over the same period. In contrast, the lithium juniors on our list today averaged 25% returns over the past three months and could see strong upward momentum should lithium prices rally.
American Lithium Corp. (TSXV:LI) – $0.74
Lithium
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. LI recently closed a $4.2M private placement and acquired additional holdings at its Fish Lake property.
- Market Cap: $13.2 Million
- 1 Month Total Return: -2.6%
- 3 Month Total Return: 48.0%
- 52 Week Total Return: -57.7%
ABE Resources Inc. (TSXV:ABE) – $0.53
Lithium
ABE Resources is a Canada-based battery metals explorer operating in Quebec. In December, the Company acquired its Sirmac property from Nemaska Lithium for $250,000 and 15M common shares. The site hosts historical reserves of 320,000t grading 2.0% Li2O, and recent drilling including one hole that assayed 1.7% Li2O over 16.5m.
- Market Cap: $36.9 Million
- 1 Month Total Return: -11.7%
- 3 Month Total Return: 30.9%
- 52 Week Total Return: 960.0%
Advantage Lithium Corp. (TSXV:AAL) – $1.09
Lithium
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. The Company’s second major asset is its Clayton Valley North East project. AAL’s property is located in Nevada, United States, approximately 350 kilometers from the city of Las Vegas.
- Market Cap: $155.5 Million
- 1 Month Total Return: -5.2%
- 3 Month Total Return: 9.0%
- 52 Week Total Return: 73.0%
Wealth Minerals Ltd. (TSXV:WML) – $1.83
Lithium
Wealth Minerals is a Canada-based lithium developer operating in Chile. The Company operates four exploratory lithium properties, totaling 75,500 hectares. Its Atacama Salar property holds 144 concessions adjacent to others held by Sociedad Quimica y Minera (NYSE:SQM) and Corfo.
- Market Cap: $179.6 Million
- 1 Month Total Return: 37.6%
- 3 Month Total Return: 8.3%
- 52 Week Total Return: 14.4%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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