AMG's share price has declined -57% since mid 2023 due to the negative development of lithium prices (-81% from its peak). The market has had a dramatic reaction to lower lithium and vanadium prices, but the company seems to be executing really well, despite the circumstances. In 2025 we can expect growth in the lithium division due to a +44% production capacity expansion and AMG's lithium hydroxide refinery's first 20,000-ton module coming online.
ACME Lithium Inc (CSE:ACME, OTCQB:ACLHF) announced the start of the 2024 exploration program at its Shatford Lake Project, conducted by its option partner Snow Lake Energy. The program, designed by Snow Lake and Critical Discoveries, is divided into four phases.
CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) has announced the shipment of its first batch of 24.00 cubic metres of high-quality concentrated eluate to the United States. The concentrated eluate was produced at CleanTech Lithium's DLE pilot plant in Chile, and, in America it will be processed by Conductive Energy, into a battery-grade lithium carbonate.
Nevada Lithium Resources Inc (CSE:NVLH, OTCQB:NVLHF) announced it has discovered high-grade boron mineralization at its Bonnie Claire lithium project in Nevada. The high levels of boron appear to be associated with high levels of lithium at Bonnie Claire, CEO Stephen Rentschler noted.
Sigma Lithium Corp (TSX-V:SGML, NASDAQ:SGML) said it has started loading its ninth shipment of 22,000 tonnes of high-purity Quintuple Zero Green lithium concentrate at the Port of Vitoria, sold directly to LX International (LXI), formerly LG International. The company said it had achieved a premium price calculated using a fixed-floating formula of 9% of the lithium hydroxide price quoted on the London Metal Exchange (LME).
With multiple key catalysts, it's time to consider beaten-down lithium stocks to buy. For one, lithium prices are finally showings signs of bottoming out.
The U.S. stock market is enjoying a rally after positive economic data from the Bureau of Labor Statistics. The April consumer price index (CPI) figures showed inflation cooling for the first time in 6 months, which has signaled to investors inflation will likely start to trend downward.
CleanTech Lithium said plans for the current year include sending battery-grade lithium samples to potential strategic partners and off-takers to start product qualification. This is part of the development of the construction finance to bring Laguna Verde into operation, added Steve Kesler, interim chief executive.
The share prices of lithium miners are booming even as sales of lithium powered electric vehicles slow, a disconnection which should ring an alarm bell for investors.
BRITISH VIRGIN ISLANDS / ACCESSWIRE / May 20, 2024 / Bradda Head Lithium Ltd (AIM:BHL)(TSX-V:BHLI), the North America-focused lithium development group, is pleased to announce that it has come to a settlement regarding the fraudulent payment first notified on 29 March 2022 and subsequently disclosed in the audited financial statements for the years ending February 2022 and February 2023. Bradda Head has signed a settlement agreement ("Agreement") pursuant to which it will be partially reimbursed for the fraudulent funds transfer.
There are multiple signs that lithium prices are headed higher. It was recently determined that the lithium carbonate CIF North Asia price had reached $14,600 on May 7.
Improved pricing, a better supply/demand balance, and cost-cutting efforts are lining up.