EVs are one of the fastest-growing sectors in technology as the transition away from ICE vehicles continue. Now all of the recent growth is only expected to accelerate as mass transit, and other forms of transportation also make the transition. However, this has caused lithium prices to rise nearly 10-fold since 2021, making it the perfect environment for mining companies to capitalize on the struggling supply market.
https://www.grandviewresearch.com/industry-analysis/lithium-market
EMIN recently confirmed pegmatites at its Minas Gerais project in Brazil and. Foxfire, their JV partner, completed a geochem-ground reconnaissance and mapping program on three of its Lithium and Rare Earth licenses. And Sigma Lithium, which owns a deposit just 38km away, recently saw Raymond James ($1.18T AUM) acquire some shares as they look to gain exposure in the space. We should be hearing back later in Q1 about the assay results for the LCT pegmatites as well.
- The Brazilian portfolio spans 12,315 hectares of land with a focus on both lithium and REE deposits.
- The Canadian portfolio in Canada consists of the Burgeo Lithium North, which covers 5,200 hectares and two licenses.
Overall, with this company still being in its early stage, there’s a lot of upside potential as the lithium market continues to see high demand and their exploration efforts accelerate. The valuation of just $8M makes this one to watch.