Welcome back to the channel everyone, we are beginning to see panic buying of lithium
which is driving up the cost of raw materials used to make batteries for electric vehicles,
thereby making the energy transition very costly. A shortage of lithium salts essential
for producing batteries for electric vehicles is putting the energy transition at risk.
And over the past 18 months, the prices of lithium carbonate and lithium hydroxide have risen at
crazy rates, and the squeeze has only accelerated since the beginning of this year. For example,
in January 2021, according to S&P Global Platt’s, lithium carbonate cost about $9,600 per tonne.
At the end of this January the same material was quoted at more than $50,000 per tonne,
which is all just insane and one not to snooze on.
So I share with you updates on 3 of the best lithium penny stocks to buy now,
which are releasing positive exploration news. If you believe in the EV boom, then you want to
make sure you watch right through to the end so you don’t miss out on why one the CEO’s believe
they are positioned to be the biggest lithium producer on the planet. Some bullish outlook
here for which you wouldn’t want to miss out on. And for one of these penny stocks backed by Bill
Gates investment vehicle, they have just been smashing all time highs since we first called it.
So 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. So
please permit me introduce you to Interactive Brokers which is a one stop shop platform
which can take your investment to another level including investing in crypto, options and more.
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double and triple zero penny stocks which we have called on the channel on the IBKR platform.
So check it out from the link in the top pinned comment and see for yourself. Thank you
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 it has now for the first time
punched the $1 mark giving us over 300% gains. We were very bullish on this one when we first called
and we said it could make it to 100X and that still seems to be on track over the long term.
Please 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 Resources Shares jumped Up after Lilac Sent their Demo Plant to the Kachi Lithium Project.
They confirmed that Lilac Resources has assembled and sent their modular demonstration plant
to the Kachi project in Argentina, which is their flagship project, located in the lithium triangle.
And back in September 2021, Lake Resources partnered with California-based Lilac Solutions to
develop Kachi together. Lilac, which is backed by Bill Gates and Jeff Bezos, agreed to provide the
technology expertise and an on-site demonstration plant in exchange of a maximum 25% stake.
The demo plant will work for around 3–4 months to produce lithium chloride which equals 2.5
tonnes of lithium carbonate. This will be then turned into high-purity battery-quality
lithium carbonate. And according to Lilac, their production process not only costs less
but it also offers recovery rates of 80–90% when compared to conventional technology.
And David Snydacker Lilac’s CEO explained that ‘their technology is truly disruptive; they’ve
taken ion exchange, a non-mining technology solution that is ubiquitous in the water treatment
industry, and with cutting-edge innovations have created a unique technology for lithium extraction
which they strongly believe will reduce operating costs and boost lithium recovery for production
of lithium chemicals from the Kachi brines. ‘So their process is modular, produces high purity
lithium and can be ramped up quickly from pilot to commercial stages. Their equity stake ensures a
rapid commercialization of the Lilac technology at what is a globally significant lithium resource,
which the renewable energy transition will need plenty of. So some really exciting times ahead.
Next up to our number 2 lithium penny stock which is E3 Metals Corp (OTC: EEMMF / CVE: ETMC)
which is currently sitting at $1.76 per share with a market cap
of $101m. E3 has been sitting flat over the last month given the market volatility
but over the past 6 it is sitting down from its peak of $2.71 which it hit in November 21.
E3 Metals is a lithium development Company with 7.0 million tonnes of lithium carbonate
equivalent (LCE) inferred mineral resources in Alberta and on its Clearwater Lithium Project.
Through the successful scale up their Direct Lithium Extraction technology towards
commercialization, E3 Metals’ goal is to produce high purity, battery grade, lithium products.
So with a significant lithium resource and innovative technology solutions,
E3 Metals has the potential to deliver lithium to market from one of the best jurisdictions
in the world. Which all sounds very exciting but let’s hear briefly from their CEO Chris Doornbos
to bring this to life for us on what to expect, their current plans
and why they are positioned to be one of the largest producers of Lithium on the planet.
Wow, what an ambition there and with a clear plan to commercialisation by 2025,
so I just wouldn’t write off E3 Metals yet.
Next up to our number 3 lithium penny stock for you today is Piedmont Lithium Inc (OTC:
PLLTL / Nasdaq: PLL) which is currently sitting at 75cents per share with a market cap of $1.3bn.
Piedmont has been shooting for the moon lately being up 53% in the last month given the market
volatility and over the past 6m it is pushing towards all time highs at current price levels.
We always aim to buy low and sell high. So despite these lithium plays being long term plays,
it is wise to look out for any pull backs towards the 50cents price levels and then
judging the entry points which would work best for you. So some patience may be required here.
PIEDMONT COMPLETED THEIR PRELIMINARY ECONOMIC ASSESSMENT FOR THEIR SECOND U.S. LITHIUM HYDROXIDE
PLANT. They reported the results of a PEA for a proposed lithium hydroxide plant (“LHP-2”) to
expand their planned U.S. manufacturing capacity to 60,000 t/y of lithium hydroxide.
The PEA results demonstrated the potential for Piedmont Lithium to expand its lithium
hydroxide manufacturing business using spodumene concentrate from market sources,
including under existing offtake agreements with Sayona Quebec and Atlantic Lithium.
Their CEO Keith Phillips commented that “2021 was a transformative year for the electrification in
the United States,” and “Current and forecasted battery manufacturing capacity now exceeds 500
gigawatt-hours (“GWh”) with public announcements of over $25 billion in capital investments
to occur by 2025. The potential lithium volume these battery plants will require
reinforces the importance of developing a domestic lithium supply chain and solidifies their decision
to aggressively evaluate and pursue expansion opportunities for a second lithium hydroxide
plant. The planned 2023 restart of North American Lithium in conjunction with their partner, Sayona
Mining, and potential for spodumene production at Ewoyaa, in partnership with Atlantic Lithium, as
early as 2024 ensures that their LHP-2 operations will have dedicated material supply from day one.
And so with prevailing spot lithium prices at approximately triple the fixed pricing assumptions
used in the PEA, Piedmont has substantial leverage
relative to higher lithium prices across their entire portfolio of projects,”
And in their latest presentation issued in March,
they described themselves as the domestic lithium producer to power Americas Lithium transition,
with plans to develop 60,000tonnes per year. Wow, long term but all good stuff.
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
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Thank you so much for being here and I look forward to have you in my next video. Thank you