5 Top Canadian Lithium Stocks of 2019

For the past couple of years, the popularity of lithium has been increasing on the back of theenergy storage revolution.

Despite having a tough 2018, many market watchers are still optimistic about the future of the metal, with the demand narrative getting stronger every day.  

For investors interested in the lithium space, here’s an overview of the top Canadian lithium stocks on the TSX and the top Canadian lithium stocks on the TSXV with year-to-date gains. This list was generated on April 3, 2019, usingTradingView. Only companies with market caps above C$10 million are included.

Top Canadian lithium stocks on the TSX:

1. Lithium Americas (TSX:LAC)

Current price: C$5.63; year-to-date gain: 30.63 percent

Lithium Americas, together with Chinese top lithium producer Ganfeng Lithium (OTC Pink:GNENF), is developing Caucharí-Olaroz, located in Jujuy, Argentina. In addition, Lithium Americas owns 100 percent of the Thacker Pass lithium claystone project in Nevada, US.

2. Orocobre (TSX:ORL)

Current price: C$3.38; year-to-date gain: 11.18 percent

Orocobre is building a substantial Argentina-based industrial chemicals and minerals company through the construction and operation of its portfolio of lithium,potash and boron projects and facilities.

Orocobre’s operations include the Olaroz lithium-producing facility in Northern Argentina, Argentine boron minerals and refined chemicals producer Borax Argentina and a 35 percent interest in Advantage Lithium (TSX:AAL,OTCQX:AVLIF).

Top Canadian lithium stocks on the TSXV:

1. Neo Lithium (TSXV:NLC)

Current price: C$0.96; year-to-date gain: 54.84 percent

Neo Lithium is focused on advancing its Tres Quebradas project — a high-grade lithium brine lake and salar complex located in the province of Catamarca, the largest lithium-producing area in Argentina. The project covers approximately 35,000 hectares and the salar complex within this area is approximately 160 square kilometers.

2. QMC Quantum Minerals (TSXV:QMC)

Current price: C$0.25; year-to-date gain: 47.06 percent

Junior exploration company QMC Quantum Minerals is focused on properties in Manitoba, and its flagship asset is the Irgon lithium property in the province. Irgon is a historic rare metals deposit where developmental work was undertaken by Lithium Corporation of Canada. QMC is currently completing its own exploration at the property.

3. Millennial Lithium (TSXV:ML)

Current price: C$1.58; year-to-date gain: 50.48 percent

Vancouver-based Millennial Lithium is focused on the development of Pastos Grandes, its flagship lithium brine project situated in the province of Salta, Argentina. The company is also developing another project in the Lithium Triangle, the Cauchari East project, which is next to Orocobre’s Olaroz mine and Lithium Americas’ Caucharí-Olaroz project.

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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.