One of the Most Undervalued Lithium Plays Demand for EVs continues to be on the rise, even with the rising rates. And with the slightly lower prices of lithium that we’ve seen in recent months, this may have a positive effect on demand as EV manufacturers are able to lower the prices of their vehicles to entice more customers to enter the market, similar to what Tesla recently did. Without a doubt, lithium demand is going to continue staying strong, moving into the future both short and long term.
https://www.prnewswire.com/news-releases/lithium-demand-is-on-the-rise-as-the-electric-vehicles-market-matures-301769907.html
EMIN’s recent moves have begun to show that they’re ready to take advantage of the growing demand as they continue to acquire new land as they explore their properties in Brazil.
- Recently acquired an additional 8,631 hectares of land surrounding the original 3,500 hectares, which yielded 90% lithium in soil samples and 100% in the chip samples with grades of up to 154 ppm.
- Not only are they focused on lithium, but they also have rare earth elements underground, with 16 of the 17 TREE elements being confirmed from the sampling.
- With around 34,000 hectares in Brazil’s “lithium valley,” there’s a lot of land to explore and resources to discover here.
Considering their land package and proximity to properties owned by companies like Sigma Lithium, the current $5M valuation doesn’t reflect the true value of the properties here. Lots of upside to be realized as they continue exploring.