Their Assets Are Starting to Take Shape Battery demand is going to remain high as gas prices further push consumers toward EVs at an accelerating pace. The supply shortage has caused prices to rise which creates an especially unique market for mining companies to capitalize on as new projects aren’t going online as fast as demand is growing/is expected to grow over the next decade.
https://www.paidpromotionalmessages.com/companies/news/1005963/lithium-demand-is-increasing-stifel-analysts-say-so-look-to-companies-developing-projects-in-2023-and-beyond-1005963.html
EMIN is in an especially interesting position by focusing on asset development in Canada and Brazil as their projects are nearby some of the largest known deposits in their respective locations. More notably, $EMIN.C just increased their Brazilian land package by 700% (newly acquired 22,000 hectares of land).
- This gives them land holdings of similar size to the nearby property owned by Sigma Lithium.
- This comes after they were already able to confirm pegmatites at the property on historical workings.
With exploration plans for 2023 beginning to accelerate on top of the newly acquired land, they’re definitely adding a significant amount of value onto their holdings. And at the current $7.6M valuation, their continuously improving asset values could support future growth as the lithium market remains hot.