As the lithium market remains one of the fastest-growing mining sectors due to EV-driven demand, the recent negative price action isn’t too concerning. We’re still seeing companies invest and acquire billions of dollars worth of lithium assets and agreements, with the most recent being CNR acquiring the Williams Mineral mine in Zimbabwe for $1.75B. With all of this money pouring into the industry, it’s never been a better time to be a lithium exploration-stage company.
https://africa.businessinsider.com/local/markets/china-natural-resources-acquires-zimbabwes-williams-minerals-lithium-mine-for/4rwed25
More recently, $EMIN.C closed their 22,000-hectare land acquisition in Brazil, increasing the total package by over 700% of the previous amount.
- This officially makes them one of the largest landholders in the area, alongside companies like Sigma Lithium.
- Exploration on the Brazil property is set to commence soon, with the recent raise being utilized to improve.
One way to keep a close eye on developments in the area is to watch Sigma Lithium’s updates and some of the other competitors in the area, as if one company finds significant resources it could create a sort of rush for new companies to establish themselves in the area or could open up a lot of room for acquisitions to occur. The current $6M valuation is allowing for a ton of upside here, so definitely keep an eye out for any catalysts.