As batteries continue to be the most demanded item in tech next to semiconductors, lithium has seen a rapid increase in demand over the past decade and is expected to continue to grow exponentially over the next decade as well. With the recent price action of lithium, it has only allowed car companies to lower their EV prices, further accelerating the increase in demand, which is expected to see a 42x increase by 2050 which means that the current prices could represent an interesting opportunity.
https://www.nytimes.com/2023/03/20/business/lithium-prices-falling-electric-vehicles.html
When looking at prospective projects, it’s important to consider the surrounding projects from other companies. With $SCV.C owning properties adjacent to Albemarle’s only active US lithium mine in Scotch Creek, there’s a lot to look out for as they begin to pursue exploration.
- Upcoming assay results from the Macallan East drilling with 2 holes extending 1000ft+.
- Identifying new targets with their data to explore the Esmerelda lithium formation.
With more exploration expected and one of the most promising land packages in the area, $SCV.C is well-positioned to take advantage of the lithium market especially considering the management team’s experience in mining. Only a $10.7M valuation here.