Lithium stocks may be some of the most hated investments at the moment. However, that gives us even more reason to buy.
CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) is to raise up to A$20 million (£10.4 million) through a dual listing on the Australian stock market Listed on AIM since March 2022, Chile-focused CTL said that the ASX is a natural fit and would allow it to grow its base of Australian shareholders. The admission to the ASX is expected to occur on or around 24 September 2024 Steve Kesler, CTL's executive chair and interim CEO, said: "CleanTech Lithium is positioning itself to become a leading supplier of battery-grade lithium to the growing EV and energy storage market to support the global energy transition.
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Lithium stocks to watch have been devastated. But with a good deal of “excessive pessimism” now priced in, it's time to buy.
Highlights: Four (4) additional drill holes for approximately 1,520.6 metres (m) have been completed at the Cisco discovery area (CO1 Zone) and the CO3 Zone, located 750 m south-west. Holes 17 and 18 are testing the CO4 and CO8 Zones, located south-east of the CO3 Zone.
Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) this week announced the addition of a lithium carbonate stage at the company's pilot plant in Nevada. CEO Bill Willoughby joined Proactive to discuss this significant milestone, a crucial step in demonstrating Century Lithium's ability to create a finished lithium product directly at its pilot plant.
The price of lithium is down by more than 15% in 2024. Declines are much steeper over the last 12 months.
Argentina Lithium & Energy Corp (TSX-V:LIT, OTCQX:LILIF) has announced the appointment of Pompeyo Gallardo as its vice president of corporate development. The company highlighted that Gallardo brings almost three decades of experience in corporate finance to the position.
The cure to low lithium prices is low lithium prices. Albemarle and other lithium companies are slowing down development due to low lithium prices. The Long-term implications for the lithium industry reducing capex should result in higher lithium prices. Lithium demand continues to grow.
I feel that now is an ideal time for investors to consider buying into the best lithium stocks outlined in this article. This is because the market for electric vehicles (EVs) and renewable energy solutions is rapidly growing, and lithium, which isan essential element in batteries, is rapidly gaining market attention.
Lithium stocks have been battered in the last few quarters with the big plunge in the metal price. Sentiments for lithium have turned bearish on macroeconomic headwinds and oversupply concerns.
Tantalex Lithium Resources (CSE:TTX, OTC:TTLXF) announced that it will raise up to US$3 million in a private placement by issuing 118,586,450 shares priced at $0.035. The number of shares issued is subject to change based on the foreign exchange rate of US dollars to Canadian dollars to be determined on the closing date, the company said.