Crisis has become an opportunity for beaten-down lithium stocks. For one, according to Exxon Mobil (NYSE: XOM ), “the world urgently needs more lithium than it's producing today.
VANCOUVER, BC / ACCESSWIRE / July 19, 2024 / Discovery Lithium Inc. (CSE:DCLI)(OTCQB:DCLIF)(FRA:Q3Q0) (WKN:A3EFKA) (the "Company," or "Discovery Lithium"), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to announce a non-brokered private placement of up to 10,000,000 units of the Company ("Units") at a price of $0.10 per Unit for gross proceeds of up to $1,000,000 (the "Offering"). Each Unit will be comprised of one common share of the Company and one share purchase warrant, with each warrant exercisable to acquire one common share of the Company at a price of $0.15 per share for a period of 24 months from the date of issuance.
Many lithium companies have gotten hammered as underlying commodity prices have come down, presenting investors in LAAC an opportunity to acquire two world-class assets at a steep discount. With poor market sentiment, investments into lithium projects have ground to a halt, allowing the industry to gradually shift toward an undersupply and positioning prices for recovery. Even in this “weaker” lithium market, LAAC is well-positioned to generate significant profitability given its position at the bottom end of the production cost curve.
With growing demand for all things green, it's time to buy the weakness in lithium stocks. Exxon Mobil (NYSE: XOM ), for example, just said lithium demand will grow.
VANCOUVER, BC / ACCESSWIRE / July 18, 2024 / Discovery Lithium Inc. (CSE:DCLI)(OTCQB:DCLIF)(FRA:Q3Q0)(WKN:A3EFKA) (the "Company" or "Discovery Lithium"), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to announce the appointment of Mr. Mike Hodge as President and Chief Executive Officer ("CEO") of the Company.
As the world accelerates toward a greener future, lithium has become a cornerstone of the burgeoning electric vehicle (EV) market and large-scale battery storage solutions. With global EV sales surging and governments worldwide instituting aggressive carbon reduction goals, the demand for lithium is expected to skyrocket, making lithium stocks a compelling investment choice for forward-thinking investors.
Diving into lithium stocks during these challenging times for the underlying market may seem audacious. Recent data from TrendForce showed a substantial dip in lithium prices last month, spurred by the downstream battery sector's push to limit inventory.
Lithium Americas: An Unloved Market Makes Attractive Entry Point
VANCOUVER, BC / ACCESSWIRE / July 16, 2024 / Discovery Lithium Inc. (CSE:DCLI)(OTCQB:DCLIF)(FRA:Q3Q0)(WKN:A3EFKA) (the "Company" or "Discovery Lithium"), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to announce that it has today entered into a definitive agreement to purchase two separate packages of mining claims generally known as the Eagle Lake claims and the Whitefish Lake claims, respectively (together, the "Claims"), located approximately 350 km northwest of Thunder Bay, Ontario (the "Acquisition"). The Claims are comprised of 2,923 mineral claims covering approximately 61,093 hectares (~150,964 acres) in Northwestern Ontario.
CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) chairman Dr Steve Kesler talked with Proactive about the latest developments in Chile's lithium projects. The Chilean government recently announced the results of their expressions of interest, with 50 companies showing interest in 30 different salares.
The Jupiter Critical Minerals Project is a Significant Lithium Deposit set to become Nigeria's Flagship Lithium Mine FISHERS, IN / ACCESSWIRE / July 12, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") wholly owned subsidiary, ReElement Technologies Corporation ("ReElement"), a leading provider of high performance refining capacity of rare earth and critical battery elements, announced today that it has entered into a partnership with UK-based Jupiter Lithium Ltd ("Jupiter Lithium"), owner of Basin Mining Ltd and Range Mining Ltd, to develop Nigeria's first large-scale lithium deposit spanning 442 square kilometers of high-quality, lithium-rich terrain. The Jupiter Critical Minerals Project is poised to become a transformative project for Nigeria, with the potential to establish the country as a regional hub for lithium mining and downstream battery and electric vehicle (EV) manufacturing.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) said it had submitted the application for a mining lease for its Ewoyaa project to the Ghanaian parliament. “The necessary parliamentary process is now underway for parliament to ratify the Mining Lease, the company said in a statement.