As all of you may know lithium is already/is going to be one of the most profitable and in-demand minerals in the world as EVs and other portable electronics continue to overtake traditional technology. The incredible demand for batteries has already caused EV automakers to sign deals and invest billions into securing a guaranteed supply as the transition continues.
https://www.marketscreener.com/amp/quote/stock/LITHIUM-AMERICAS-CORP-42378637/news/National-Bank-Notes-GM-s-Investment-in-Lithium-Americas-Sees-More-Deal-making-Opportunity-for-Minin-42869810/
SCV has been a top performer over the past month up nearly 27.3%. This performance is for a few reasons.
- Location, location, location. They have three properties spanning 14,000+ acres located in both Clayton Valley (adjacent to the only producing lithium mine in the entire US) and Jackson Valley giving them one of the largest land packages in the area.
- Ongoing exploration with their second hole completed at the Macallan East project with thirty-three segments to be analyzed to gain a deeper understanding.
Overall, with the lithium market booming and SCV still in an early stage of exploration, there’s a lot of potential for the company to capitalize on their location and market growth. Worth to keep an eye on at the current valuation.