5 Top Canadian Lithium Stocks of 2020

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

Despite having a tough 2019, many market watchers are still optimistic about the future of the metal, with the demand narrative getting stronger every day. Lithium stocks were also hurt last year, but since the start of the 2020 decade there are a few that are seeing gains.

For investors interested in the lithium space, here’s an overview of the Canadian lithium stocks on the TSX and the Canadian lithium stocks on the TSXV with the top year-to-date gains. This list was generated on February 4, 2020, using TradingView’s stock screener. 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$5.74; year-to-date gain: 37.98 percent

Lithium Americas, together with Chinese top lithium producer Ganfeng Lithium (OTC Pink:GNENF,SZSE:002460), is developing the Caucharí-Olaroz project, located in Jujuy, Argentina. Production from the project is expected in early 2021, with output capacity estimated at 40,000 metric tons per year.

In addition, Lithium Americas owns 100 percent of the Thacker Pass lithium claystone project in Nevada, US. With an initial Phase 1 capital cost of US$581 million, the project will have an annual production capacity of 60,000 metric tons.

2. Orocobre (TSX:ORL)

Current price: C$2.93; year-to-date gain: 22.59 percent

Orocobre is an Argentina-based industrial chemicals and minerals company that has a portfolio of lithium, potash and boron projects and facilities.

Orocobre’s operations include the Olaroz lithium-producing facility in Northern Argentina, which is a joint venture project between the company and Toyota Tsusho (OTC Pink:TYHOF,TSE:8015). Additionally, the company, which is also listed on the Australian Securities Exchange, has a 34.7 percent interest in exploration company Advantage Lithium (TSXV:AAL,OTCQX:AVLIF).

Top Canadian lithium stocks on the TSXV:

1. Lithium Energi Exploration (TSXV:LEXI)

Current price: C$0.15; year-to-date gain: 233.33 percent

Toronto-based Lithium Energi Exploration is focused on the exploration and development of lithium brine assets in Argentina. After acquiring three existing Argentine corporations in 2017, the company now holds a portfolio of assets in Catamarca province’s Antofalla salar.

2. American Lithium (TSXV:LI)

Current price: C$0.29; year-to-date gain: 136 percent

Nevada-focused American Lithium is engaged in the acquisition, exploration and development of lithium projects. The company currently holds the Tonopah lithium claims project in Nevada, US. Aside from its lithium interest in Nevada, American Lithium is also exploring the Extinction Ridge vanadium project.

3. Rock Tech Lithium (TSXV:RCK)

Current price: C$0.82; year-to-date gain: 82.22 percent

Vancouver-based Rock Tech Lithium is developing its 100 percent owned Georgia Lake spodumene project in Ontario, Canada. The company, which is also listed on the Frankfurt Stock Exchange, published a preliminary economic assessment for the project in October 2018, showing a total production rate of 1.1 million metric tons of chemical-grade spodumene concentrate of 6.2 percent lithium oxide.

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