Welcome back to a brand new video everyone and what a week it has been for Elon Musk.
Whilst global markets have been concerned about the geopolitical tension in Ukraine,
Elon Musk has been busy buying shares in Twitter, opening Gigafactory Texas and most importantly
securing commodity deals to make ev batteries for Tesla’s 6 gigafactories which they’ve got planned.
We’ve been talking a lot about lithium plays and we shifted the gears to focus on the lithium plays
which have deals in the pipeline and offtake agreements. So in this video,
I share with you two top lithium penny stocks with massive offtake deals and commercial partners,
one of them being a giant 4 year contract with Tesla. So if you believe in the EV boom,
then you want to make sure you watch right through as I have a Tesla banger for you at the end,
which Simply WallStreet analysts are very bullish about. So you don’t want to miss out on that.
And so if you hold any lithium plays in your portfolio please drop a like on the video and
let me know what you’re holding in the comments section below. Also turn on the notification bell
so you never miss out on any of these gems from the channel. These gems are OTC penny stocks and
so a decent platform to access them is Interactive Brokers which is a one stop shop platform which
can take your investment to another level including investing in crypto, options and more.
It is an award winning platform with some of the lowest costs in the industry
including some zero commission trades across 135 markets. So whether you’re in the United States,
Europe, Asia or Australia you would be able to open an account with them. I personally use
Interactive Brokers for my OTC investing and as you can see here, you can get most of the single,
double and triple zero penny stocks which we have called on the channel on the IBKR
platform. So check it out from the link in the top pinned comment and see for yourself. Thank you
That said let’s get on with it with our first stop, which is Sayona Mining (SYAXF, AUS: SYA)
which is currently sitting at 24cents per share with a market cap of $1.6bn. Sayona is sitting
down 6% over the last 5days following a decent bull run but when you look at the performance
over the last month, at a time where all major indices has closed the quarter in deep red,
Sayona has trumped the market being up by 135% which is absolutely incredible. And before anyone
says, these lithium plays have already ran, you need to think again. As we are only in 2022 and
these plays are yet to earn a dime and their share prices are presently being driven by macro factors
and investor bullishness on their corporate activities and lithium mining developments.
So hell yeah a long long way to go with these plays. If you missed out on Lake,
this one could be presenting some good entry points. We call these gems early in the discord
and so if you want to get in early on some of these gems, you want to check out the discord
from the link in the description below where you join a community of investors still making green
in this market downturn. So check it out and see for yourself... So here’s what’s new with Sayona.
Sayona Mining is an emerging lithium producer (ASX:SYA; OTCQB:SYAXF), with
projects in Québec, Canada and Western Australia.
Sayona reported positive results from leading lithium‐ion battery innovator NOVONIX
which reaffirmed high quality of their Authier spodumene.
And for those who don’t know NOVONIX Limited, they are a leading battery technology company
with operations in the United States. NOVONIX provides advanced, high‐performance materials,
equipment, and services for the global lithium‐ion battery industry with sales
in 14 countries. The highlights included: Sayona product samples matched and performed
equally as well as benchmark lithium hydroxide samples in commercial performance tests.
The results demonstrated potential for downstream processing in Québec to capture added value for
all stakeholders, amid growing demand from expanding North American battery market.
Commenting on the results, Sayona’s Managing Director, Brett Lynch said: “This is further
independent verification of the performance of their Authier spodumene and its suitability
for conversion into lithium hydroxide, an extremely sought after product.
These results have further increased confidence in their strategy, which will deliver added
value for all stakeholders and support North America’s decarbonisation drive.”
In their half year report they shared that that the outlook for the Group is positive.
The Group’s strategic focus is the restart of spodumene concentrate production
at NAL (North American Lithium) subsidiary from the first quarter 2023.
A definitive feasibility study (DFS) is underway for the profitable production of spodumene
concentrate at NAL, combined with production from nearby Authier. The integration of NAL
with Authier will transform both operations and create a world-scale Abitibi lithium hub.
So these milestones will further demonstrate their progress
towards becoming North America’s leading lithium producer, with the
electric vehicle (EV) revolution showing no sign of a slowdown.” Excellent stuff.
Next up to our number 2 lithium penny stock and banger on the list for today which is Core Lithium
(OTC: CXOXF / AUS: CXO) which is currently sitting at 99cents per share with a market cap of $1.7bn.
Core is sitting down 23% in the last 5 days but that is after a fantastic bull run where is it has
been smashing its all time highs and being up 45% in the last month. So I personally feel this pull
back gives good entry points as when I did my DD and liked what I saw I had to jump into this one.
As you can see here my limit order on this play. With some of these plays you can’t
get them from Robinhood or Webull and so if you want to jump onto some of these you need to get
them through Interactive Brokers via the link in the top pinned comment as it gives it you
the opportunity to buy these directly from the Australian exchange at very low commission fees.
Core Lithium Ltd (ASX: CXO) is well positioned to be Australia’s next lithium producer,
developing one of Australia’s most capital-efficient and lowest-cost
spodumene lithium projects; the Finniss Lithium Project.
Subject to continued favourable market conditions for lithium, financing and a final
investment decision, Core expects to commence construction at Finniss before the end of 2021,
with first production anticipated before the end of 2022. So very very immenent for updates here.
The Finniss Lithium Project has arguably the best supporting infrastructure and logistics
chain to Asia of any Australian lithium project and is within close proximity to power stations,
gas and rail. Core has already established binding offtake and is in the process of finalising
further agreements within the lithium battery supply chain and electric vehicle industry.
Before we talk offtake agreements, here’s the outlook which analysts have for this top lithium
play where analysts at Simply WallStreet are forecasting earnings growth at 119% and revenue
growth at 121% which is massive, as you can see the huge gap to the industry and market over the
long term for Core. They are yet to be profitable but with growth like this and good management
focus, earnings are bound to come in my view. They are forecast to become profitable over the
next 3 years, which is considered above average market growth for revenue and earnings which is
brilliant stuff Core. So if you want to be able to do robust analysis on your stock picks and get
holistic industry views before investing in them, you want to check out Simply Wall Street from the
link in the description as they are offering a 14 day extended free trial and unlimited company
views are automatically applied, for any user who uses my referral link in the description below.
Core Lithium and Tesla entered into a binding Term Sheet for the supply of lithium.
They executed a legally binding Term Sheet for the supply of lithium spodumene concentrate
from Core's Finniss Lithium Project, Where Core is to supply up to 110kt of spodumene concentrate to
Tesla over 4 years, with pricing referenced to market price for spodumene concentrate,
Tesla to support Core with planned development of lithium chemical processing capacity
and the Term Sheet subject to execution of a definitive agreement.
The Company is fully funded to deliver the Finniss Project, which has started construction,
through to first lithium concentrate production scheduled for Q4 2022.
The Term Sheet is subject to the parties completing negotiations and execution
of a definitive product purchase agreement by 27 August 2022,
which is to provide for a supply commencement date before 31 July 2023 which is only 12m away.
Core Lithium Managing Director Stephen Biggins said:
"The Term Sheet with Tesla for the supply and delivery of up to 110,000 dry metric tonnes
of spodumene concentrate over a term of 4 years adds to the previously announced binding offtake
agreements with existing customers over 4 years. “Core Lithium is thrilled to have reached this
agreement with Tesla and look forward to further growing this relationship in the years to come.
This is where it gets even better with Core where Core’s share price soared
on a Yahua-Tesla deal. Core Lithium announced that its share price surged on news that the Company’s
largest shareholder and offtake partner, China’s Sichuan Yahua Industrial Group (Yahua), signed a
deal to supply battery-grade lithium hydroxide to Tesla over the next five years. Yahua is
expected to use Core’s lithium concentrate from the Finniss Lithium Project, under its existing
offtake agreement, to produce lithium for Tesla and other customers. And under this agreement,
it is expected that Core’s near construction-ready Finniss Lithium Project in the Northern Territory
will be a key source of spodumene for Yahua to fulfil its mandate with Tesla and other
customers in the future. Yahua currently holds a three-year, 75,000 tonnes per annum offtake
agreement with Core. Which is an incredible position to be at the end of that supply chain.
Core Lithium also announced the signing of a non-binding agreement to supply its first
European offtake partner, Transamine Trading. The term sheet – subject to
due diligence from both parties – paves the way for a binding agreement later this year,
which would see Core supply 50,000tpa of lithium concentrate
for an initial period of five years. Wow and what an opportunity to be in. I’m reloading.
So some very very interesting and mindblowing prospects ahead for these penny 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
when I upload new videos. If you would like to see more videos like this, please check out this
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Thank you so much for being here and I look forward to have you in my next video. Thank you