Welcome back to the channel everyone, Joe Biden has just turbo-charged the ev commodities market,
by using Korean war-era powers, to boost the supply of electric vehicle battery
minerals crucial for evs, and large capacity batteries. And this is as his administration
tries to reduce its dependence on overseas energy. So in essence, President Biden is looking to
invoke the Defense Production Act (DPA) to help increase the availability of lithium, nickel,
cobalt, graphite and manganese in the US. Under the terms of the DPA, the administration
can compel companies to prioritise government contracts over private ones, or to provide loans
and grants to boost manufacturing, make government funding available for mining feasibility studies
and safety upgrades, as well as producing minerals from existing mining waste.
And so in this video, I share with you updates on 3 of the best ev battery
minerals penny stocks to buy now, which are releasing big big news. In my last video on
best lithium penny stocks, one of the viewers ask a question about my top 2 lithium plays
as he was stuck between six of them. And my response was to go with your gut and checking out
their competitive advantage including contracts secured and commercialisation timelines, and this
is going to be the focus of this 3 top plays today. There are many good lithium stocks out
there what is beginning to set the leaders apart is the offtake agreements, commercial partners and
construction timelines in the not so distant future. So you would hear a lot about this.
So if you believe in the EV boom, then you want to make sure you watch right through as I have
a banger for you at the end, which is a giant and commodity powerhouse in this space. So you
don’t want to miss out on that. And if you are bullish about the ev supply chain then you want
to make sure you slap that like button and hit the bell with all notifications turned on so
you never miss out on any of these gems from the channel. One of the most frequently asked
questions is which is a good platform where one can get all these OTC stocks in one place.
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That said let’s get on with it with our first stop, which is Lake Resources (LLKKF, LKE)
which we first called here on the channel at 25 cents per share and since our last video from only
a few weeks ago when it was sitting at just over $1 per share, it has been punching really hard
being up 18% on the day and now sitting at $1.81 with a market cap of $2.3bn.
At this rate I have no doubt that it would be hitting $2 per share anytime soon given
the news they have in the tank. So good on you if you got into this one from the beginning,
as you would be rubbing your palms at over 400% gains and so again, your choice and only you
can decide on whether to take some profit or if you want to let it ride on. So lease drop me a
comment below if you got in on Lake and at what price. 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 Lake.
Lake recently announced that they had secured a Japanese offtake and battery supply chain partner
for their Kachi lithium brine project. They signed a non-binding agreement with a major Japanese
partner Hanwa Co for an offtake of up to 25,000 tonnes per annum lithium carbonate equivalent,
over the next decade from their Kachi project in Argentina.
The agreement will establish a strategic collaboration for the development
of a clean lithium supply chain to meet environmental demands of the electric vehicle,
stationary battery and cathode/precursor manufacturing sectors and their end customers.
Under the terms, Hanwa will co-operate with Lake on the marketing and distribution of its
products in the Asian market and co-ordinate a strategic supply chain with potential customers
in the battery industry. What an opening into the Asian market. Brilliant stuff.
The agreement will have a minimum offtake of 15,000tpa priced at average quarterly
benchmark market prices and may be extended for an additional 10 years.
Lake’s Chairman, Stu Crow added that, British and Canadian export credit agencies have already
indicated a willingness to offer debt financing for around 70% of Kachi’s capital requirements,
supporting Lake’s “Target 100” program which aims to supply 100,000tpa of high purity lithium
chemical to market by 2030. How very interesting. Ive responded to many comments previously saying
that we are only in 2022 and there’s this level of market share price activities, this is certainly
not FOMO but just imagine when by 2025 there’s the accelerated ramp up of evs. Where would these be?
Next up to our number 2 lithium penny stock which is Rock Tech Lithium (OTC: RCKTF
/ CVE: RCK) which is currently sitting at $4.68 per share with a market cap of $340m up 30% from
$3.47 when we first called it. Rock Tech has had a turbulent time in the market but been following
the trend and sitting up nicely at $34%. But what is special about Rock Tech outside their
technical ability is that, they have the backing of billionaire investor Peter Thiel on their case,
they are preparing for a Nasdaq listing soon and if you want to diversify your
lithium holdings to outside North America and Australia then this is the one for you,
as they are looking to dominate the EU market. And even better is that they are looking to build
within the vicinity of Tesla Gigafactory Berlin which means they could very easily
be integrated into Tesla’s EU supply chain. So another one to certainly have on your watchlist.
Rock Tech announced that they had Started the Permitting Process for Europe's First
Lithium Hydroxide Converter. They said they had submitted the required documentation for
the application for the first partial permit for the construction of its lithium hydroxide
converter in Guben/Brandenburg. “The first partial application represents an important step for them,
from planning to implementation of their lithium hydroxide converter in Guben
in constructive cooperation with the State Office for the Environment and with the city of Guben.”
And once in full operation, the production plant for battery-grade lithium hydroxide (converter)
is expected to produce 24,000 tonnes of lithium hydroxide annually for the batteries of 500,000
electric cars. Rock Tech's project is currently in an advanced planning stage.
The company estimates the investment volume at approximately 470 million euros.
Rock Tech also Signed a Memorandum of Understanding with the Romanian Government.
The MoU provides for cooperation and support in the Company’s search for a location in Romania
for one of the Company's next planned lithium hydroxide converters (the “Converter”) and,
in the longer term, the construction and operation of such Converter.
Following the signing of the MoU, the Company expects to start examining various locations in
Romania and elsewhere in Eastern Europe for the site of its proposed Converter,
which will further Rock Tech's strategy of building several Converters across
Western and Eastern Europe to supply the European electric vehicle industry with high
quality lithium hydroxide. The proposed Converter will refine lithium-bearing rock into high-purity
lithium hydroxide, which is needed by the electric vehicle industry and its suppliers to manufacture
batteries for electric vehicles. They added that “They want to initiate the construction and
operation of five lithium-hydroxide converters in Europe by 2029 and are grateful for the Government
of Romania to support them in finding the ideal location for one of their next converters. It
took them almost two years to find and sign their first location in Guben, Brandenburg
and so to keep their ambitious targets, they are planning wisely and long-term.” How interesting.
And onto our number 3 ev mineral stock and giant for you today is Glencore Plc (OTC:
GLCNF / Lon: GLEN) called here at $4.50
but it is currently sitting up 50% at $6.67 per share with a market cap of $87.8bn.
Glencore is just a powerhouse which you wouldn’t expect to accelerate like that other penny stocks
because its not a pure play lithium, nickel or cobalt producer but it just houses all of them.
So it is more a steady eddy momentum play as their diversification makes them a long term hedge for
ev battery metals, as they appear to have a bit of everything. Here’s what Glencore has been up to.
Glencore also announced a global marketing relationship with United States Strategic
Metals (formerly 'Missouri Cobalt'). They entered a strategic global marketing
relationship that includes a long term off-take agreement for 100% of the Company’s products,
which include cobalt and nickel sulfates, lithium products and copper cathode,
with a significant embedded pre-payment. Additionally, Glencore and US Strategic Metals
are exploring other commercial arrangements, including a recycling and raw materials sourcing
agreement to support the ramp-up of US Strategic Metals’ hydrometallurgical processing facility.
Another one with an off-take agreement here across multiple ev minerals. How interesting.
Glencore & Managem set up a partnership for Moroccan production of cobalt from recycled
battery materials. They announced that they have entered into a partnership to produce
Cobalt from recycled cobalt, nickel and lithium at Managem’s CTT Hydrometallurgical Refinery at
Guemssa (37 km from Marrakech). This partnership highlights Glencore and Managem’s commitments
to support the electric vehicle industry in achieving its metals recycling targets.
And they intend to enter into a 5-year tolling agreement for c.1.2kt of recycled cobalt per year
as well as Nickel Hydroxide and Lithium Carbonate.
So what we are really talking about here is a cocktail of the key ev minerals
required for ev batteries, which is what gives them an edge and makes this play very exciting.
Imad Toumi, the Chairman & CEO of Managem added that “Demand for cobalt is expected
to increase significantly in the next decade, largely driven by the green energy transition,
sustainably sourced materials and so they strongly believe that recycling will play a crucial role in
addressing this demand. Managem is fully engaged in supporting the global circular economy through
cobalt, nickel and lithium at the same time as mining cobalt with the highest CSR standards. This
partnership with Glencore represents an exciting step up in their development in this field.”
Glencore & their strategic partner Britishvolt strengthened their relationship
and agreed to build battery recycling ecosystem in the UK. And Britishvolt
is a battery pioneer and the UK’s foremost investor in battery cell technologies and R&D. The
joint venture will develop a world-leading ecosystem for battery recycling in the UK.
This ecosystem will be anchored at a new recycling plant located at the Britannia
Refined Metals operation (BRM-located in Northfleet), a Glencore company.
Once complete, the plant will be Glencore and Britishvolt’s first battery recycling facility
in the UK with an expected processing capacity of a minimum of 10,000 tonnes of lithium-ion
batteries per year, including but not limited to valuable battery manufacturing scrap,
portable electronics batteries and full EV packs. The facility is expected to
be operational by mid-2023 with the long-term aim of being 100% powered by renewable energy.
And here’s what just sums it up for me with Glencore as when you look at the financials from
Q4, 2021, from top line revenue growth to bottom line net income it’s a see of green with double
and triple digit growth which is just phenomenal, blimey. I’ll let you be the judge on that.
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