What’s up everyone, bets on electric vehicles are lighting up lithium miners and battery
makers. And the interest in EVs, has driven what some see as a ‘transformational bull market’
for speciality metals. The prices for lithium carbonate,
a key material for electric car batteries, have almost doubled over the past year,
according to Benchmark Mineral Intelligence. So in today’s video, I share with you two strong
penny stocks, with game changing technology for lithium ion batteries and well positioned
to supply automotive OEMs as the EV adaptation heats up. I feel EV battery stocks are a must
have in every portfolio before the inflection point when commercial contracts are signed.
So make sure you don’t miss out on these big bangers by liking the video as it really helps
with the YouTube algorithm and turn on the notification bell to get these hot penny
stocks instantly. We called Jones Soda another penny stock, only 3 weeks ago in July at 61cents,
today it is up more than 139% at $1.46. We also called Komof only last week on the 26th July at
6cents, it has jumped by a massive 830% to 50cents early this week before cooling down to 8cents
still keeping you in the money. Timing is key with these OTC penny stocks and you only get
in if the price is right for you and if you like their story. So if you got into Jones or Komof,
let me know in the comments section below how your journey has been. And also if you want two
free stocks worth over $1800 from Webull and also where you can buy fractional shares, please hit
the link in the top comment or description below. I would really appreciate it. Thank you so much.
So let’s get straight into it, with our number 2 penny stock here, which is Cruz Cobalt Corp. (OTC:
BKTPF & CNSX:CRUZ). It has a share price sitting at 7.6cents and market cap of $7.3m.
So a very small cap penny stock but with plenty of potential.
This penny stock is down 24% over the last 6 months but over the last 12months, it is up 89.7%.
So since its highs of 12cents which it hit in January, it has had a pull back but stayed
resilient to the recent market selloff and held onto most of its gains. Cruz Cobalt is OTC Pink
Listed with an average of 62.9k shares traded over a 30day period and over 78.6m shares outstanding.
Focused On Ethical Battery Metals Deposits In North America,
Cruz Cobalt is focused on acquiring and developing high-grade battery metals projects in politically
stable, environmentally responsible and ethical mining jurisdictions, essential for the rapidly
growing rechargeable battery and renewable energy sectors. They strongly believe that
battery metals are poised to garner significant market attention as the demand for lithium-ion
batteries continues to increase along with the explosive growth of the electric vehicle industry.
Cruz recently Acquired a Drill Ready ‘Solar Lithium Project’ In Nevada, consisting of 155
contiguous claims totaling 3,100 acres prospective for lithium. Cruz management plans to immediately
apply for a drill permit and expects to be drilling this project as soon as possible.
Nevada is the go to address for North American lithium production and Cruz is extremely pleased
to add this project to the Company’s existing lithium brine project in Clayton Valley, Nevada.
Their President Jim Nelson, commented that, “Cruz is in a unique position to potentially capitalize
on both their cobalt and lithium assets. Not only does Cruz have cobalt projects in Ontario & Idaho,
they also have a lithium project in the Clayton Valley of Nevada,
being one of the few companies that have access to the deepest parts of the only lithium brine basin
in production in North America.
Next to our number 1 penny stock here, which is Nano One Materials Corp (OTC:NNOMF TSE:
Nano). It has a share price sitting at $3.240 and market cap of $312m.
This penny stock is down 30.1% over the last 6 months and over the last 12months,
it is up 43.3% and still has a lot more to offer. Nano One is OTC Pink Listed with an
average of 68.1k shares traded over a 30day period and over 95.3m shares outstanding.
Nano One is a clean technology company with a patented and scalable industrial process for
the production of low cost, high-performance lithium-ion battery cathode materials. These
unique materials are being designed to add value to electric vehicles and grid storage batteries
in the global push for a zero-emission future. Nano One’s mission is to establish its technology
as the leading platform for the global production of a new generation of battery materials.
Nano One has built a demonstration pilot plant and is partnered with global leaders to advance
its cathode technology for e-mobility and energy storage system applications.
Nano One’s One-Pot process, its coated nanocrystal materials and its Metal to Cathode Active Material
(M2CAM) technologies address fundamental performance needs
and supply chain constraints while reducing costs and carbon footprint.
Nano One has received funding from various government programs and the current “Scaling
of Advanced Battery Materials Project” is supported by Sustainable Development Technology
Canada (SDTC) and the Innovative Clean Energy (ICE) Fund of the Province of British Columbia.
Nano One and Johnson Matthey (JMAT / JMPLF stock) entered into a Joint Development Agreement
for Lithium-ion Battery Materials. And under this agreement the companies will co-develop
next generation products and processes for Johnson Matthey’s eLNO® family of
nickel-rich advanced cathode materials using Nano One’s patented One-Pot process
and coated nanocrystal technology, for the low-cost, low-carbon footprint production
of high-performance lithium ion battery cathode materials.
JM has already made significant progress in the commercialisation
of its family of nickel rich advanced cathode materials
and has set a new standard in the sustainable production of battery cathode materials.
Nano One’s patented One-Pot process is designed to form a type of cathode material known as “coated
single crystal” which can deliver increased durability. The process will also enable these
materials to be made directly from metal powders and lithium carbonate to address cost, energy
and sustainability objectives across the entire lithium-ion battery supply chain.
Johnson Matthey (JM) is a global leader in science that enables a cleaner and healthier world. They
are commercialising their eLNO®, their family of nickel rich advanced cathode materials, which they
expect to be ready to power the next generation of hybrid and battery electric vehicles in 2024.
Their first manufacturing plant, currently under construction in Poland
will initially supply 10,000 MT per year of eLNO®, equivalent to ~100,000 electric vehicles.
So what a development partner to have which provides commercial route and scalability.
An analyst Sean Keaney from Eight Capital initiated coverage on Nano One in April with
a Buy rating. The analyst price target of $8CAD gives it a 100% upside from current levels. Their
rationale was that Nano One has developed a patented process (the “One-Pot Process”)
which they believe has the potential to disrupt the lithium ion (li-ion) battery
cathode supply chain. The company is pre-revenue, but the potential of the One-Pot Process has
caught the attention of numerous companies, and Nano One has partnerships across the li-ion
battery supply chain. They estimate that the company will achieve first revenues in 2023, and
that revenues will grow steadily from that point as the technology becomes more widely adopted.
So a 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.
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Thank you so much for being here and I look forward to have you in my next video. Thank you