Whats up everyone, as we come towards the end of the year,
the price of lithium is showing no signs of cooling down any time soon.
We have just witnessed lithium carbonate prices punched past new all-time highs to over 577,000
CNY/T which is equivalent to about $74,000 per tonne. And when you look at the journey of
lithium this year, to where they are now, that’s an incredible upside where it has almost gone up
by 3X in 2022 alone and it is not showing any signs of cooling down any time soon. And should
this trajectory carry on into 2023, goodness me then we would be in for some sizeable gains.
Infact, Livent, one of our favorites on the channel and a supplier to Tesla,
General Motors and BMW warned that lithium will be a roadblock to the rollout of electric cars.
They said persistent shortages of lithium over the next decade will
lead to fewer car sales and hit the cheaper end of the market hardest.
The lithium market is set to grow from 700,000 tonnes of lithium carbonate equivalent
this year to more than 3mn tonnes by 2030, according to the pricing agency, Fastmarkets.
McKinsey estimates that 15 per cent of lithium demand will be unfulfilled even if all projects
under development come to fruition. So strong emphasis there on the upside potential of lithium.
And what I really like here, is the way one analyst at Morningstar sizes up the
lithium opportunity here, where they say they believe the market will remain structurally
undersupplied for the next decade. “This is once-in-a-century strong growth for a commodity
like we saw with aluminium 100 years ago or oil when combustion engine vehicles were taking off.
The sustained high demand growth is going to leave supply scrambling to catch up.”
Wow, if they are right, then what an opportunity which we’re are all very privileged to witness
right. I feel 2023 is going to be the beginning of boom time in this space, so if you hold any
lithium stocks in your portfolio, please drop me a comment below and let me know what you’re holding
and what you big conviction stocks are for 2023. In this video I share with you 2 interesting
lithium stocks which are knocking on the door of Nasdaq for a 2023 entry which you need to
be aware of, so make sure you stick around so you don’t miss out on any of these plays.
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That said please drop a quick like on the video and hit the bell, so we can get on
with it with our number one banger for you today, Atlas Lithium Corp (OTC: ATLX)
another gem which we previously covered on the channel as Brazil Minerals (previously with ticker
number BMIX) but now ATLX which is now sitting at 1.2cents per share with a market cap of $51m,
so a very small cap stock here but one which is yet very ambitious with their expansion plans,
their asset base and already knocking on the door of the Nasdaq. Whichever route they use
to get into the Nasdaq their value would still be same as a small cap until they can start adding
shareholder value. So looking at their last months performance alone, they are down 42.5% but could
they grow legs very fast once the markets begin to take notice of their activities? Only time will
tell but as we always aim to buy low and sell high you want to make sure you do your DD and
get in at a price which works for you if you like their story.. So here’s what Atlas has been up to.
Atlas Lithium very recently filed to uplist to Nasdaq, raising $6M in the process,
to help fund development of a lithium mine in Brazil. They said they are looking to offer 650K
shares priced between $8 and $10, which would raise around $6M if priced at the midpoint,
as they applied to uplist to Nasdaq under the same symbol. And they intends to conduct a
1-for-750 reverse stock split ahead of the offering. So very important for existing
shareholders to be aware of but the real deal is expected with their exploration activities.
ATLAS also ACCELERATED ITS EXPLORATION CAMPAIGN AT ITS FLAGSHIP LITHIUM PROJECT.
They said "With an increasing number of active drills, they anticipate faster generation of
data required for the next iteration of their technical report. The determination of the mineral
resources for lithium at their flagship project is important in the context of the conversations that
continue to occur between Atlas Lithium and large enterprises seeking to secure lithium supply."
"These are strong results from their drilling program at Neves,
both in terms of lithium grades and thicknesses encountered so far and
is a demonstration of the potential for lithium resources within their
100%-owned property portfolio in Brazil's premier district for hard-rock lithium.
More exciting is that, Atlas Lithium is in the initial stages of planning to develop
and own 100% of a lithium concentration facility capable of producing 150,000
tons of lithium concentrate annually which is a bold step.
We have always spoken of Atlas and likened it to Sigma Lithium which is going parabolic right now.
They are still miles away but such progress on their outlook gives an indication of what
lies ahead when you understand the scope and potential of Atlas, which is that.
Atlas Lithium Corporation (OTCQB: ATLX) is focused on advancing and developing its 100%-owned
hard-rock lithium project which consists of 52 mineral rights spread over 56,078 acres (227
km2) and is located primarily in the Lithium Valley of the state of Minas Gerais in Brazil.
Atlas Lithium also has a separate second lithium project located in Brazil's Northeast region.
In total, Atlas Lithium has 100% ownership of mineral rights for almost all battery metals
including lithium (293 km2), nickel (222 km2), rare earths (122 km2), titanium (89 km2), and
graphite (56 km2), in addition to mining concessions for gold, diamonds, and
sand. The Company also owns approximately 44% of Apollo Resources Corp. (private company; iron) and
24% of Jupiter Gold Corp. (gold and quartzite). So a really exciting resource base.
On to our next stop, which is European Lithium Ltd (OTC: EULIF, ASX: EUR) which is currently
sitting at 6.6 cents per share with a market cap of $97mn. It is up 9.8% over the last 6m but you
can clearly see the market reaction to their share price when they shared their strategic intentions
with the markets in October as they jumped by over 200% to hit highs of 15cents before giving
back most of those gains. So it clearly gives some perspective of the market reaction to this
stock and which way things could go should they deliver to their plans. So here’s whats new.
European Lithium has entered into a business combination agreement with Sizzle Acquisition
Corp., a US special purpose acquisition company listed on NASDAQ (NASDAQ:SZZL) (Sizzle),
where EUR will sell-down its interest in its wholly owned Wolfsberg Lithium
Project (Wolfsberg and Wolfsberg Lithium Project) and merge with Sizzle via a newly- formed,
lithium exploration and development company named “Critical Metals Corp.” which is expected
to be listed on NASDAQ (Transaction). Upon the closing of the Transaction,
EUR will be issued US$750 million worth of ordinary shares in Critical Metals,
which represents an approximate 80% ownership interest in the combined entity. The closing of
the Transaction, and listing of Critical Metals on NASDAQ is expected by the end of H1, 2023.
Tony Sage EUR Executive Chairman, commented that “The need for additional battery-grade lithium
in Europe will only continue to accelerate as demand for EVs continues to outstrip supply.
Wolfsberg is poised to become the first major source of battery-grade lithium concentrate in
Europe, the world’s leading EV market, capable of supporting the production of approximately
200,000 EVs per year. The funds raised though this transaction will provide them with the
resources anticipated to be required to advance construction and commissioning of Wolfsberg.
With the capital raised, in addition to the increased access to the public capital markets
by listing on NASDAQ by means of the business combination, they believe they will be able to
achieve their commercial goals at Wolfsberg by 2025.” But before that the first milestones to
be aware of is the Definitive Feasibility Study for Wolfsberg which is on-track to
be delivered in Q1 2023. What an opportunity to do your dd on and have on your watchlist.
So some very very interesting and mindblowing prospects ahead for these clean energy stocks but
only consider getting in if the price is right for you and if you fully understand the risks.
This video is not financial advice, a buy or a sell recommendation, but is meant to bring
some new and exciting penny stocks to your attention for you to do your own research..
As always I would love to hear from you, so please let me know your thoughts on these top penny
stocks in the comments section below and what other penny stocks are catching your eyes lately.
And If you are new to my channel, please ensure to subscribe and hit the bell so you are notified
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Thank you so much for being here and I look forward to have you in my next video. Thank you