Hello everyone, great to have your company on Kalkine TV. I'm Rachel and you’re
watching THE BUZZING TRENDS – a specially curated show that brings you emerging trends driving the market momentum. In
today’s show, we’ve got the top lithium stocks that can be bought for just under one
Australian dollar. Lithium is one component that’s experiencing a rising demand and
these stocks are worth eyeing. Our top three lithium stock picks for today are Core Lithium
Limited, Magnis Energy Technologies and Prospect Resources Limited. You can see the stock price
on here on the screen.
Table
Description automatically generated
Stock Information (as of 4 August 2021)
The global lithium-ion battery anode market is constantly growing, driven by the increasing
demand for electric vehicles and other industrial applications. According to research
reports, the market is expected to hit the 21-billion-dollar mark in the next five years.
Australian companies are geared up to meet the rising demand for lithium which is the
primary component in lithium-ion batteries. So, let us now delve deeper into the three
ASX-listed lithium stocks trading under one dollar. First Stock on our list is Core Lithium.
South Australia-based Core Lithium owns and develops the Finniss Lithium Project in the
Northern Territory. The company also acquired 100 per cent interest in the Anningie and
Barrow Creek projects. These projects have five exploration licenses in and around the
north Arunta Region’s Anningie and Barrow Creek Tin Tantalum Pegmatite fields. Moving
on to the recent developments at Core Lithium, the company completed considerable work for
the Finniss Project in the June quarter. The Extension Scoping Study on the Finniss Project
will define a long-term lithium production plan. Core Lithium has also obtained a port
operating contract at Darwin Port. On 29th June 2021, They entered into a partnership
with the Environmental Resources management Group. A multinational consultancy firm which
focuses on sustainability. So a lot of action at Core Lithium. On that note, it’s time
for a short break and on the other side of the break we’ll get you more lithium stocks
that are buzzing on the ASX and can be bought for under one dollar. Stay tuned
@@@@@@@@@@@@@@@@@@@@@@@
Welcome back after the break, I’m Rachel and you’re watching the buzzing trends.
Today, we are talking about hot lithium stocks that are buzzing on the ASX. Moving to our
second pick of the day – Magnis Energy Technologies is a next-generation Lithium-Ion battery cells
manufacturer. The Company focuses on three areas - battery technologies, graphite, and
gigafactories. Magnis Energy has a strategic alliance as well as a 10 per cent interest
in the US-based IP company Charge CCCV. The Company has expertise in lithium-ion battery
composition and production. On the 4th August 2021, Magnis signed a contract with a US
Government supplier for four years. The Company also secured 20 million dollars in funding from
SBC Global Investment Fund and The Lind Partners. The two US-based players are supporting Magnis
with its aggressive growth strategies in the Li-ion battery industry. And now the last
pick of the day is Prospect Resources. They are a battery minerals business that focuses
on lithium in and around Zimbabwe. The Company has a strong team to help develop Prospect
as the top mineral business in Africa.
On the 4th August 2021, Prospect Resources announced the findings of the current soil
sampling program and the exercise of the Meikle Option Agreement.In their fourth quester Prospect
Resources Arcadia Pilot Plant finished construction, and the production has started. The Arcadia
Optimised Feasibility Study is also advancing well and will be completed in the third quarter
of 2021. As at 30th June 2021, the Company was debt-free and had a cash balance of 7.9
million dollars. That’s all on the Buzzing trends for today. Hope these buzzing lithium
stock picks provided you some insights on the sector. Keep watching Kalkine TV for more
live market updates and business insights. This is Rachel signing off.