MONTREAL, QC / ACCESSWIRE / June 26, 2024 / Quebec Precious Metals Corporation ("QPM" or the "Corporation") (TSX.V:QPM)(OTCQB:CJCFF)(FSE:YXEP) is pleased to announce financial assistance up to a maximum of $333,306 from the ministère des Ressources naturelles et des Forêts (MRNF) on its Elmer Est project, in the Northern Quebec Region. This financial support was granted as part of the fourth call for projects of the Mineral Exploration Support Program for Critical and Strategic Minerals (MCS).
Exxon is making moves towards an electric car future by buying lithium-rich land in Arkansas and hiring for lithium positions. This project is massive in scope at 100,000 tons. Arkansas is an ideal location for lithium production due to factors such as high lithium grades, friendly locals, and abundant infrastructure. Exxon's entry into the lithium market is driven by future demand for lithium and the need to impact its bottom line.
With demand for electric vehicles (EVs) decreasing, the original expectation and excitement around the lithium industry have somewhat lessened. Yet, that does not mean that the extraction of elemental lithium is an unworthy economic pursuit.
CleanTech Lithium has submitted expressions of interest (RFIs) to the Chilean government for five lithium projects as part of receiving a Special Lithium Operating Contract (CEOL) to produce the metal. A response from the Chilean government on the RFIs process is expected around 9th July 2024, when it will give more detail on how projects move forward to the award of a CEOL, CleanTech Lithium (CTL) added.
When it comes to commodities these days, the lithium stocks are getting the least attention. Good, I say.
Lithos Group Ltd. LITSF announced it has become a member of the Alabama Mobility and Power (AMP) Center, a strategic alliance that includes the University of Alabama, Alabama Power, and Mercedes-Benz U.S International MBGAF.
Lithium stocks have plunged on the back of a steep correction in lithium. It's worth noting that the markets tend to react to the extremes.
Technical Analyst Clive Maund shares why he believes American Salars Lithium Inc. is a Strong Buy, including the recent news that it acquired a new project.
ST. JOHN'S, NL / ACCESSWIRE / June 19, 2024 / Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman" or the "Company") is pleased to report that the Killick Lithium Property, jointly owned by the Company, Benton Resources Inc. ("Benton"), and Piedmont Lithium Inc. ("Piedmont") through Vinland Lithium Inc., will be collaborating in a total of $1.322 million in NSERC (Natural Sciences and Engineering Research Council of Canada) grants to conduct research studies on the Killick Lithium Property in southern Newfoundland. The three-year project entitled: "The origin of lithium resources in Southern Newfoundland", began April 1, 2024.
The best lithium stocks to buy this year should benefit from China's ambitious goals in electric vehicle (EV) production and adoption, which require vast amounts of lithium for battery manufacturing. Despite short-term economic fluctuations due to COVID-19 lockdowns and real estate issues, China's demand for lithium is projected to surge as it aims for 60% of new vehicle sales to be electric by 2035.
With lithium prices starting to bottom out and electric vehicle sales accelerating, it's time to look at some of the top lithium stocks to buy now. Remember, “Six of the 10 biggest EV makers in the US saw sales grow at a scorching pace compared to a year ago,” says Bloomberg.
Nevada Lithium Resources Inc (CSE:NVLH, OTCQB:NVLHF) has announced plans to raise approximately C$6 million to advance its Bonnie Claire lithium project, following the identification of boron on the property. In a statement, CEO Stephen Rentschler said that the offering “provides Nevada Lithium with additional capital that can be used to increase shareholder value from our newly identified high-grade lithium and boron mineralization.