Solid Performance Over the Past Month SCV is up another 4% today as it continues the momentum making the stock one of the best performers up nearly 50% over the past month alone. Their focus on the lithium market has helped this growth happen as shortages and demand continue to increase. With the rise in popularity of EVs car companies have scrambled to invest in lithium producers and exploration companies in hopes of securing a stable supply of North American lithium. For example, Tesla made an agreement with Piedmont Lithium, and GM has invested $650M into $LAC.
https://www.barrons.com/amp/articles/lithium-americas-soars-gm-general-motors-ev-electric-vehicles-batteries-tesla-51675169930?fbclid=IwAR2K2Q7GhqiY2LXg-RgGVPHNVMZFcz8zGvIXS9-AB7WFHAtbGofBXSAgWag
SCV’s growth over the past month isn’t because of nothing. They have one of the most promising land packages that I’ve seen among exploration-stage companies with properties in Clayton and Jackson Valley.
- They are next to the only producing lithium mine in the US located in Clayton Valley and have completed a second drill hole which will be sent in for analysis so we should be seeing the results soon.
- With 100% interest, the valley’s closed-basin bowl structure provides a strategic benefit as the 9,540 acres should have access to the underground lithium deposits.
- Located in proximity to Tesla’s Nevada gigafactory and as they continue to accelerate exploration results should look good.
Overall, the company has been performing well and with results on the way in combination with the property being located in one of the most prolific NA lithium deposits, there’s a lot of potential considering the current valuation.