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.
ACME Lithium Inc (CSE:ACME, OTCQB:ACLHF) announced an amendment to its option agreement with Eagle Battery Metals Corp, focused on ACME's Fish Lake Valley lithium project in Nevada. Under the amended agreement, EBM gains the exclusive option to acquire ACME's 100% interest in the mineral claims at the Fish Lake Valley project, with a retained royalty.
Bradda Head Lithium Ltd (AIM:BHL, OTC:BHLIF, TSX-V:BHLI) was a good riser as it exuded confidence that recent drilling at its Basin Project in Nevada would trigger a US$3 million milestone payment from partner Lithium Royalty (LRC). Shares were up 13% as the junior said all eight holes in its latest programme encountered lithium with the best showing almost 100m (99.82m) at 839 ppm.
Bradda Head Lithium Ltd (AIM:BHL, OTC:BHLIF, TSX-V:BHLI) said geochemical results for its expansion drilling programme at Basin Project in Arizona showed all eight drill holes contain excellent lithium mineralisation, with extensive amounts newly discovered in the Lower Clay. A highlight of the drilling was hole BND24-19, added the statement, with Upper Clay unit thickness at 103m in the centre of the drill pattern and nearly 100m (99.82m) at 839 ppm lithium and a higher-grade interval of 32.52m at 1,030 ppm.
Ganfeng invests $70 million in the south Pastos Grandes project, gaining 14.8% ownership. Lithium Argentina's Cauchari-Olaroz project shows progress with improving lithium purity and an increase in lithium production. The long-term goal for Cauchari-Olaroz project is over 60,000 tonnes of battery grade lithium produced annually. Combine that with the southern projects and we should see much larger long-term output.
While lithium prices have improved since the beginning of the year, the increase is not significant enough to resolve long-term market uncertainties or positively impact the likes of Albemarle Corporation (NYSE:ALB, ETR:AMC), says UBS. The Swiss bank revised down its 12-month price target to $124 from $132.