Welcome back to the channel everyone, today I’m taking you back to the ev battery supply chain
updating you on two top ev battery and lithium stocks
which have big news. One which is a good news and for the second penny stock not so good news but
all the holders of that penny stock need to be informed, as this latest update changes
everything. So please stay tuned, so and watch till the end so you are fully informed.
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The first banger on the list today is Nano One Materials Corp, (OTC: NNOMF & TSE: NANO).
First called on the channel at 3.24 and it is now sitting at $3.37 with a market cap of $321m. It is
currently up 16% over the last 5 days on the back of some latest news but ytd it is still down 20%.
So plenty of upside to go after with this top lithium battery play given their outlook having
reached highs of $5.17 before. And as mentioned in our last video, their partnership with Johnson
Matthey the global automotive OEM manufacturer for their Joint Development Agreement for Lithium-ion
Battery Materials puts them in a good place for when they start commercialising their partnership.
Under this agreement the companies will co-develop next generation products and processes for Johnson
Matthey’s family of nickel-rich advanced cathode materials using Nano One’s patented
One-Pot process, for the low-cost, low-carbon footprint production of high-performance
lithium-ion battery cathode materials. So some really exciting stuff there with this big player.
Nano One just entered an Agreement with a Global Automotive Company
to Develop and Evaluate Manganese Rich Batteries. The two parties have signed an MOU
to evaluate manganese rich cathode materials for potential use in automotive scale battery cells.
The completed project successfully demonstrated the synthesis, performance
and improved durability of a proprietary and experimental nickel rich cathode formulation,
using Nano One’s patented One-Pot process. Nano One has built on this success and has now
signed an MOU with the same OEM for the multi-phase development and evaluation
of LNMO (Lithium Nickel Manganese Oxide) batteries using cathode materials prepared by Nano One.
This is really important because the LNMO also has an operating voltage that is 25%
higher than commercial high nickel cathodes, enabling fewer cells in applications such
as power tools and electric vehicles while providing improved productivity, efficiency,
thermal management, and power. This will be game changing at a scale.
They say the name of the Global OEM and details of the project remain confidential in accordance
with the terms of the MOU and Nano One will provide periodic updates as suitable. On one
hand I feel its Johnson Matthey which we already know about but this statement gives some suspense
whether this is another global oem. We would certainly find out.
Nano One and Euro Manganese also entered into an agreement to Co-develop Applications for
High-Purity Manganese in Lithium-Ion Battery Cathode Materials. Euro Manganese is a battery
raw materials company developing a significant manganese deposit in the Czech Republic.
Their joint activities will focus on developing manganese products expected to be produced by
Euro Manganese for use in cathode materials made by Nano One, in the context of rapidly rising
demand for high-purity manganese products. Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF)
Next up our number 2 penny stock here, which is Neo Lithium Corp (OTC: NTTHF & CSX:NLC).
First called on the Channel in August at $3.55 and it has since been running and now sitting at
just over $5 per share with market cap of $712mn. This penny stock is up 15.5% over the last 5days
and you can see the big jump right here on the back of some big big news. And ytd it is up 194%.
This penny stock was a big winner amongst most lithium penny stocks with big outlook and
partnerships but it appears that winning streak will fast be coming to an end. Here’s what’s
happening with Neo Lithium which I’m personally very sad about as a holder of this lithium play.
Zijin Mining is to Acquire Neo Lithium Corp. in an All-Cash Offer. Zijin
is one of the largest mining companies in China as well as a leading global gold and copper producer.
It manages an extensive portfolio, primarily consisting of gold, copper,
zinc, and other metals through investments in China and twelve overseas countries.
They announced that they have entered into a definitive agreement to which Zijin has agreed
to acquire all of the outstanding shares of Neo Lithium at a price of C$6.50 per share in cash
equivalent to $5.25 USD. The Offer Price represents a premium of approximately 36%
over Neo Lithium's 20-day volume-weighted average price ("VWAP") as at October 8,
2021 on the TSX Venture Exchange ("TSXV"). The total cash consideration
for all of the outstanding equity of Neo Lithium is approximately C$960 million.
Waldo A. Perez, Neos CEO, stated that: "After a thorough strategic process,
we are very pleased to provide this all-cash premium offer to our shareholders
from a leading global mining company. We believe that it is now time for our project to proceed to
the construction and production phases with Zijin, a leader with a track record of developing assets
in a responsible manner respecting the interests of local employees, communities and authorities."
The benefits to Neo Lithium Shareholders include Immediate and significant premium of approximately
36% , All-cash offer that is not subject to a financing condition, Strong deal certainty
with a highly credible and leading global mining company as purchaser amongst others.
The Transaction has been unanimously approved by the board of directors of Neo Lithium
following the unanimous recommendation of a special committee of independent directors.
And the full details of the Transaction will be included in Neo Lithium's management
information circular, which is expected to be mailed to shareholders in November 2021
with the shareholders meeting expected to take place in December 2021.
The Transaction is expected to close in the first half of 2022.
I’m particularly sad about this as Neo Lithium had quickly become a prominent name in lithium
brine development by virtue of its high quality 3Q project and experienced team.
They were also Named to the 2021 OTCQX Best 50, ranking of top performing companies traded on
the OTCQX. They also Closed a Strategic Investment with CATL, the World's Largest EV Battery Company.
So they clearly had a bright future ahead of them.
Anyone still super keen to follow Neo Lithium can consider investing directly in Zijin Mining
Group directly which is listed on the Hong Stock Exchange and trading at $11 per share.
It has equally had a bounce on the back of this announcement
and other news indicating investor confidence in the deal closing
and how they see it as being and accretive move for shareholder value creation.
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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