Significant Growth Continues in the Lithium Market Numerous companies and analysts are projecting a significant lithium deficit over the next decade as the world goes wireless. Considering government EV goals and the current share of EVs only accounting for 14% of new passenger vehicle sales, there’s no doubt that future demand will remain at an extremely elevated level for some time. Not only will there be more EVs in total requiring lithium, but there will also be more lithium required per car as companies continue to look into ways to increase the vehicle range.
https://seekingalpha.com/article/4590329-lithium-miners-news-march-2023
Now considering the potential market growth, exploration-stage companies in the space represent a significant opportunity. $SCV.C in particular, is interesting for a number of reasons.
- They are one of the largest landholders in both Jackson and Clayton Valley, with one of their properties adjacent to the only active lithium mine in the US.
- Since the government is aiming for more domestic EV/battery cell production, their Nevada-based projects could see increased demand from NA manufacturers relative to foreign counterparts due to the simplified supply chain.
- Recently discovered a mineralized evaporite stratigraphy at their Macallan project with lithium mineralization up to 461 ppm.
As they use the recent results from the drilling program to plan future exploration, there’s a lot to look out for, especially with the current $9.2M valuation.