The world is going green, which is supported by the numerous national goals set each year. With this huge transition, there’s a significant unmet need for resources, especially with demand only expected to continue growing. For example, lithium demand is expected to hit 1.5B tonnes of carbonate equivalent by 2025, doubling to 3B by 2030.
https://www.globalxetfs.com/lithium-market-update-elevated-prices-are-creating-favorable-dynamics-for-miners/
EMIN’s portfolio of energy metal-focused properties is definitely opening a lot of doors for the company due to the macroeconomic factors in the industry. They have 2 main holdings, the Brazilian and Canadian portfolios.
- Brazil includes a 75% interest in eight Brazilian exploration licenses, six for lithium and two for rare earth elements spanning 12,315 hectares and 38km south from Sigma Lithium.
- They just confirmed the exposure of pegmatites and are continuing to test old mining areas to see the mineral exposure (expect more results later in Q1).
- The Canadian portfolio includes the Burgeo Lithium North project, which is in the same region as Eric Sprott’s Benton project.
With the properties now beginning to be explored, 2023 is going to be an interesting year seeing how they’re able to capitalize on the energy metal market growth through their exploration results. Definitely keep a close eye out for any developments, as the current $8M valuation could provide a significant upside compared to peers.