National Bank - PMET/FL - Auto Deals ForthcomingGood read margin. Not surprising. It's likely a
major transaction will happen sooner than later between PMET and Frontier.
PMET, now with $2-billion market capitalization,
likely to go shopping for other
Ready-To-Mine high grade Lithium interests.
Especially with PMET moving well over $15 a share in Wednesday's market session.
If FL gets its deal with an auto maker, it could facilitate to stave off an imminent buy-out of FL.
Possibly FL mobilizes the drill and crew to go test the new 3.1% Lithium discovery.
Starting to open things up all the way to Pennock, where
Lithium America's (LAC) has it's strategic investment in junior adjacent the vicinity of FL's
Pennock higher grade Lithium values.
With Lithium America's now backed by General Motors (GM to become largest shareholder of LAC), I think it is predictable, the takeovers in 2023 are imminent, to acquire and get much larger.
Some key highlights from National Bank:
10:35 AM EST, 02/01/2023 (MT Newswires) -- National Bank of Canada on Wednesday noted General Motors Company's (NYSE: GM) US$650 million equity investment in Lithium Americas (TSX and NYSE: LAC), alongside an off-take agreement to secure lithium supply, and said it sees opportunity for more deals for mining companies. The bank said lithium markets are expected to face a supply deficit beginning from 2025 driven by accelerating demand for electric vehicles. Another type of transaction could involve moderately or well-advanced projects in the USA and/or Canada, the bank said. Companies which screen favorably on this note include American Lithium (TSX-V: LI), Century Lithium Corp. (TSX-V: LCE), Patriot Battery Metals Inc. (TSX-V: PMET) and Frontier Lithium Inc. (TSX-V: FL), the bank said. | V:PMET - Patriot Battery Metals Inc. - https://www.patriotbatterymetals.com | 04:55:07 EST |
| PMET - V | 1.0 | 15.13 | · | 15.20 | 0.4 | 15.20 | +0.63 | 4.3 | 1,637.5 | 24,789 | 7,776 | 15.20 15.65 14.85 | 15.65 0.485 | Feb 01 | Jan 30 | |
| T:LAC - LITHIUM AMERICAS CORP - https://www.lithiumamericas.com | 05:08:48 EST |
| LAC - T | 0.3 | 32.77 | · | 32.85 | 0.1 | 32.81 | -0.65 | -1.9 | 2,269.0 | 72,892 | 16,047 | 33.93 33.93 31.34 | 50.42 23.80 | Feb 01 | Feb 01 | |
| TSX - T | 0.3 | 32.77 | · | 32.85 | 0.1 | 32.81 | -0.65 | -1.9 | 1,485.6 | 47,863 | 9,028 | 33.93 33.93 31.35 | 50.42 23.80 | Feb 01 | | |
| V:FL - FRONTIER LITHIUM INC - https://www.frontierlithium.com | 05:10:01 EST |
| FL - V | 9.0 | 2.65 | · | 2.70 | 0.2 | 2.70 | +0.05 | 1.9 | 1,096.8 | 2,758 | 2,253 | 2.74 2.74 2.53 | 3.89 1.30 | Feb 01 | Jan 31 | |
| TSX-V - V | 9.0 | 2.65 | · | 2.70 | 0.2 | 2.70 | +0.05 | 1.9 | 492.6 | 1,252 | 860 | 2.74 2.74 2.53 | 3.89 1.30 | Feb 01 | | |