What’s up everyone, as the markets still seem to be flip flopping,
we remain focussed on where the big opportunities and catalysts are - which is the EV supply chain.
Lithium chemicals prices remain higher, buoyed by the fact that Congress and the Pentagon are
seeking to shore up, strategic mineral stockpiles mostly dominated by China.. So plenty of reason
to remain optimistic about the lithium market for the long term as I bring you updates on
two top lithium and EV battery producers in Sigma Lithium and Frey battery today, which
we have covered numerous times on the channel. And blimey these two never stop pumping out big news,
so much that I wonder where their share price re-rating could take them, once there is much
calm in the markets. So make sure you stick around to the end to see what’s new with these gems
Most of you would love this as I’ve got more free stuff for you which, is our newest sponsor
who also specialises in penny stocks and is doing some great things in this niche.
The team over at Viralstocks.io has been hitting on some of the hottest small cap
companies in the market and making huge wins for the community. They reached out to me
so I could share with all of you these penny stock alerts. They have a website, YouTube channel and
all the social medias which you can check out as well. I have great respect for their work as they
put out some great penny stock alerts, just like some of the stocks we talk about on this channel.
They send out alerts before the opening bell, whenever there are hot stocks, so you can get
in before anyone else. They have a solid track record having called multiple 200% runners that
run in only a day or 2, and that’s in this tough market as well. We all long for some green on
red days and these guys at viralstocks.oi have got some great alerts and opportunities going on right
now. So you definitely want to sign up by clicking the link in the description and sign up with viral
stocks to get their alerts, & the best part is, it’s absolutely free, so why not try it out?
Also remember that a decent platform to trade stocks like lithium stocks, which are listed
on the OTC, the Canadian or the Australian Exchange is Interactive Brokers, which is a
low cost & award winning platform which allows you to trade over 135 markets. And what I REALLY like
about the IBKR platform, which you can see here from my portfolio is that, you can access some
of the top ev supply chain stocks, bought directly from different global markets with limit orders.
So if you need a platform with low fees, enabling you to trade globally
in challenging times like this, then you certainly want to checkout IBKR from my link below.
That said please drop a quick like on the video and hit the bell, so we can get on with it with
our first stop, which is FREYR Battery SA (FREY) which appears to be bouncing back strongly from
its lows of $6.50 and currently sitting at $7.94 per share with a with a market cap of
$927mn. Given all of the market volatility, Frey appears to be bouncing back strong from its recent
lows and being up 19% in the last 5 days. But as we know, the market volatility is not over yet
so there’s bound to be plenty of price sensitivities and fluctuations, which we
need to get used to. But saying that, this gem is certainly one to hold for the long long term,
as we may not be seeing these price levels by year end. So here’s what’s new with Frey.
FREYR and Statkraft recently Signed an Agreement, Securing Long-Term Supply of Renewable Energy.
They signed a binding Heads of Terms with Statkraft, which is Europe’s largest producer
of renewable energy. The Heads of Terms is expected to be finalized as a long-term physical
supply agreement, with the ambition to secure a long-term supply of renewable power under globally
competitive terms for FREYR’s planned battery cell production project in Mo i Rana, Norway.
The Heads of Terms and related energy services from Statkraft is projected to cover
all of FREYR’s currently anticipated electricity needs for the period of 2024-2031 and to ensure
physical delivery of energy from the central grid in Mo i Rana to FREYR’s Customer Qualification
Plant (“CQP”) and combined Gigafactory 1 & 2. During this period, Statkraft commits to providing
up to 23 MW baseload with an accumulated delivery of 1.4 TWh over the contract period to FREYR.
Tove Nilsen, EVP Operations of FREYR added that “their ambition is to produce clean battery cells,
and a key element of their strategy is to power their operations with renewable energy.
So this agreement ensures that their production facilities in Mo i Rana
will have a steady, long-term supply of hydropower from local sources – keeping
their carbon footprint to a minimum as they speed forward to full operations,”
FREYR also concluded their latest raw materials agreement.
They entered into a reservation agreement with Changzhou Senior New Energy Materials Co., Ltd.
and Senior Material (Europe) AB to supply battery materials for its Customer Qualification
Plant (“CQP”), in Mo i Rana, Norway, the planned combined Gigafactory 1 & 2.
Subject to the terms and conditions of the reservation agreement,
Changzhou Senior New Energy Materials Co. and Senior Material (Europe) AB have reserved the
supply capacity of separator materials through 2028 to align with FREYR’s estimated demand,
after which FREYR can exercise a capacity option that would extend the agreement until 2031.
Dr. Tilo Hauke, EVP of Supply Chain added that
“This reservation agreement ensures that they won’t lose any speed when it comes to securing
the required separator materials to start production at their Gigafactories 1 & 2,”
FREYR also Sanctioned the Construction of its Inaugural Gigafactory.
The company’s Board of Directors (“The Board”) has approved the expansion of the planned Giga
Arctic project under development in Mo i Rana, Norway, to an annual nameplate capacity of 29
GWh. FREYR’s Board of Directors has also approved the construction of Giga Arctic.
Analyst at Simply Wall Street forecast Frey’s revenues to grow by 73% and earnings growth by
25%. All above the market and industry which is shows very very exciting prospects for Frey
which can’t possibly be ignored. So if you want to step up your DD with access to over 150,000 stocks
to identify some of the best stocks with great outlook and potential to run, you want to check
out Simply Wall Street or Seeking Alpha who are offering some great deals right now.
I mean, a 30% discount with a 14days extended free trial from Simply Wall Street
and $40 off Seeking Alpha premium plan, for a very limited time period only,
so clearly some decent cashbacks opportunities right there for you, so we all win together in
these tough times.. Thank you very much and with that said, let’s jump straight into it.
Next up to our number 2 ev battery banger on the list for today which is Sigma Lithium Inc (SGML)
which we first called here at over $9 per share it has given us over 100% gains before
pairing up to current levels and now settling at $15.29 per share and a market cap of $1.5bn.
It is bouncing back from its recent lows of $13 per share and showing there is still
plenty of energy in the tank to take us to the moon. So here’s what’s new with Sigma.
SIGMA LITHIUM SUBSTANTIALLY INCREASES TOTAL MINERAL RESOURCE BY ~50% TO 86 MILLION TONNES,
ADDING 27 MILLION TONNES OF HIGH-GRADE 1.49%
LITHIUM OXIDE IN PHASE 3. And here’s why this is important.
This addition of substantial increase in estimated mineral resources strengthens the position of
Sigma Lithium’s Grota do Cirilo Project, (the “Project”) as the largest and highest quality
hard rock, environmentally and socially sustainable battery grade lithium (“Battery
Grade Sustainable Lithium”) mineral deposit in the Americas, and amongst the largest in the world..
Sigma’s competitive advantage of high grade and high purity lithium is further enhanced
by incremental Phase 3 deposit estimate of 26.8 Mt, at 1.49% high purity lithium oxide
(Li2O). The addition of Phase 3 further increases the potential production profile
of Battery Grade Sustainable Lithium for the growing global electric vehicle markets.
But more importantly, the high quality of the Phase 3 mineral resource
might potentially enable Sigma Lithium to maintain high production yields,
while continuing to increase their production profile, to help enable the electric vehicle
revolution and broader energy transition. So this scale of Sigma Lithium’s total mineral resources
further highlights the Company’s strategic relevance.”
So some very very interesting and mindblowing prospects ahead for these 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 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
stocks in the comments section below and what other 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
video right here or this playlist right here to watch equally insightful content from the channel.
Thank you so much for being here and I look forward to have you in my next video. Thank you