Five Top Lithium Stocks to Buy and Hold Now

Lithium will remain a hot commodity. For one, supply will not be able to keep up with demand, as the world goes green. In fact, according to Stellantis CEO Carlos Tavares, there’s not enough lithium to go around. Also, automakers are so concerned about supply for EV batteries, they’re racing to secure supply. For instance, Albemarle will deliver more than 100,000 tonnes of lithium hydroxide over a five-year period to support Ford EVs. General Motors invested $650 million into Lithium Americas’ Thacker Pass mine, where the miner estimates the lithium extracted can support production of up to a million EVs per year. That’s all substantial news for companies, such as European Energy Metals Corp. (TSXV: FIN) (OTC: EUEMF), Albemarle Corporation (NYSE: ALB), Lithium Americas (NYSE: LAC) (TSX: LAC), American Lithium Corp. (NASDAQ: AMLI) (TSXV: LI), and Piedmont Lithium (NASDAQ: PLL).

Also, remember, according to Li-Bridge, global demand for lithium batteries is expected to jump five-fold by 2030, as noted by Reuters, which added, “Demand for lithium batteries in the United States is expected to grow more than six times and translate into $55 billion per year by the end of the decade.”

Look at European Energy Metals Corp. (TSXV: FIN) (OTC: EUEMF), For Example

European Energy Metals Corp. announced the receipt and subsequent SEDAR filing of an independent technical report entitled “Finland Pegmatite Project Central Ostrobothnia, Western Finland” by Warren D. Robb, P.Geo. (BC) with an effective date of May 30, 2023. European Energy Metals has the option to earn up to an 80% interest in the Finland Pegmatite Project from Capella Minerals Ltd. (TSX: CMIL) as detailed in the Company’s 2023-March-06 and 2023-March-20 news releases. The report can be found on SEDAR or the company’s website: europeanenergymetals.com

The FPP consists of five mineral reservations prospective for lithium-cesium-tantulum and cover an area of 2300 square kilometers. The report focused on the four northern reservations Nabba, Lappajarvi W, Lappajarvi E, and Kaatiala, located 350 kilometers north of Helsinki and road accessible from the city of Kokkola.

“The Technical Report supports the Company’s decision to acquire the Finland Pegmatite Project and provides a good technical base for our geological crews as they design our 2023 Phase I exploration program”, stated European Energy Metals CEO Jeremy Poirier. “We believe our Finland Pegmatite Project portfolio has the potential to become a significant source of lithium and REE’s for Europe’s domestic critical metals industry”, he continued.

The Geological Survey of Finland has been conducting regional studies since the 1960’s, including: till geochemistry, airborne magnetics and radiometrics, and rock sampling. They combined their data with industry data from Kebiler Oy and other companies to complete a study for a predictive model for LCT pegmatites in Finland, identifying several “permissive tracts” with potential to host LCT pegmatite deposits. The Finnish Pegmatite Project lies within two of the tracts: the 255 km² Kaustinen tract, host to the Kebiler Oy LCT lithium project, and the 3,672 km² Järvi-Pohjanmaa tract.

GTK identified anomalous areas in the Kaustinen tract and followed up with detailed geochemical till sampling between 2003 and 2023, sampling at 100 metre intervals along lines spaced approximately 1000 metres apart, with the lines oriented perpendicular to the ice flow direction at 240^o. An anomaly was identified on the Nabba concession.

Other related developments from around the markets include:

Albemarle Corporation announced a definitive agreement with Ford Motor Company to deliver battery-grade lithium hydroxide to support the automaker’s ability to scale electric vehicle (EV) production. Albemarle will supply more than 100,000 metric tons of battery-grade lithium hydroxide for approximately 3 million future Ford EV batteries. The five-year supply agreement starts in 2026 and continues through 2030. Both Albemarle and Ford are committed to supplying the U.S. EV supply chain via lithium hydroxide domestically produced in the United States or originating in a country with a U.S. Free Trade Agreement. “With the growing demand for EVs in the United States, our customers are seeking to regionalize their supply chain for greater security, sustainability and lower costs,” said Eric Norris, President, Albemarle Energy Storage. “This agreement exemplifies the industry collaborations and investments required. We’re honored to be entering into this strategic partnership with a legendary automotive manufacturer such as Ford.”

Lithium Americas announced that its Board of Directors has unanimously approved the execution of an arrangement agreement providing for the reorganization of the Company that will result in the separation of its North American and Argentine business units into two independent public companies. The Separation will establish an Argentina focused lithium company and a North America focused lithium company. Lithium Argentina will own Lithium Americas’ current interest in its Argentina lithium assets, including the 44.8% interest in Caucharí-Olaroz, the 100%-owned Pastos Grandes project and the 65% interest in the Sal de la Puna project. Lithium Americas (NewCo) will own the 100%-owned Thacker Pass lithium project in Humboldt County, Nevada, as well as the Company’s investments in Green Technology Metals Limited (ASX:GT1) and Ascend Elements, Inc.

American Lithium Corp. announced receipt of the first of three permits from Peruvian authorities for drilling near Quelcaya, 5-6 kms west of the Company’s Falchani deposit, and drilling will start immediately. Simon Clarke, CEO of American Lithium states, “This is a very significant development for the Company, which validates recent supportive comments from the new government in Peru and enables us to target the discovery of new lithium mineralization on some of the best previously identified targets on the Macusani Plateau. With momentum building, the Company continues to advance its projects in Peru and Nevada with PFS work being fast-tracked on both of our large-scale lithium projects.”

Piedmont Lithium, a leading global developer of lithium resources, reported the results of a Definitive Feasibility Study of the Company’s proposed Tennessee Lithium project in McMinn County, Tennessee. The Study of the 30,000 metric ton per year lithium hydroxide plant featuring the innovative and waste-reducing Metso:Outotec conversion technology affirms the potential for Piedmont to develop an American-based lithium hydroxide business using spodumene concentrate from market sources, including via existing offtake agreements with Sayona Quebec and Atlantic Lithium.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for European Energy Metals Corp. by European Energy Metals Corp.

We own ZERO shares of European Energy Metals Corp. Please click here for full disclaimer.

Contact Information:

Ty Hoffer
Winning Media
281.804.7972
[email protected]

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