As I’m sure you’ve heard already, Lithium is the white gold of the future. Current EV demand only accounts for around 14% of total passenger car sales, and that’s ignoring the fact that numerous companies are starting to reveal plans for vehicles such as trucks that will run on a fully electric drivetrain and will require far more lithium per battery pack due to their size. And with the current lithium supply just barely satisfying the demand, once demand grows (which it is more than guaranteed to do so), there’ll be a lot of unmet demand in the industry.
https://www.globenewswire.com/news-release/2023/03/08/2623219/0/en/Global-Lithium-Market-to-Reach-22-6-Billion-by-2030.html
$SCV.C has acquired a promising portfolio in Nevada spanning the Clayton and Jackson Valleys and is adjacent to the only actively producing US lithium mine owned by Albemarle.
- Initial exploration at Macallan East discovered new potential lithium deposits at high grades, which will help the company further target the next phase of drilling as they continue to better understand the area.
- With the projects all being located in Nevada, they have good access to infrastructure in one of the most mining-friendly jurisdictions across the globe.
- Management has years of experience and have proven themselves with past success and expertise.
As the company is valued at just $9M relative to peers in the area holding less land but still being valued higher, there’s a lot of potential room for growth at these levels, especially as they continue exploration.