A Look at Junior Lithium Stocks

Here’s a look at some of the lithium juniors around the world and what they’ve been up to lately.

Beyond the major lithium producers, Albemarle (NYSE:ALB), Sociedad Quimica y Minera de Chile (NYSE:SQM) and FMC (NYSE:FMC), there are many smaller lithium companies looking to crack into the lithium space.
While it’s tough to keep up with what every lithium junior is up to, below we’ve provided brief overviews of what a number of them have been doing as of the end of Q1 2017. Read on to learn more, and if we’ve missed a lithium junior you think should be mentioned, please let us know in the comments. Companies are listed in alphabetical order, and had market caps of over $10 million as of March 31, 2017. This list focuses on stocks listed on Canadian, US and Australian exchanges.

Advantage Lithium (TSXV:AAL,OTCMKTS:AVLIF)

Market cap: $31.35 million
Advantage Lithium and Orocobre (TSX:ORL) have a partnership under which they are advancing the Cauchari project in Argentina. On March 29, Advantage officially acquired a 50-percent stake in Cauchari, as well 100-percent stakes in five other lithium brine properties belonging to Orocobre. Advantage has the right to increase its interest in Cauchari to 75 percent.
Aside from its work at Cauchari, Advantage has assets in Mexico and has drilled at lithium brines in Nevada’s Clayton Valley.

Altura Mining (ASX:AJM,OTCMKTS:ALTAF)

Market cap: $231.19 million
Altura Mining holds a number of coal and lithium projects in Australia and Indonesia, including the Pilgangoora lithium project in Western Australia. It is located immediately south of a project with the same name that belongs to Pilbara Minerals (ASX:PLS).
On March 14, the company said that its mining contractor has started bulk earthworks at the project. Altura believes it has a “clear pathway to production” in early 2018.

Argentina Lithium & Energy (TSXV:LIT)

Market cap: $10.57 million
Argentina Lithium & Energy’s goal is to acquire and develop high-quality lithium projects in Argentina in order to supply the lithium-ion battery market. It currently has the option to earn a 100-percent interest in the Arizaro lithium brine project, located in Argentina’s mining-friendly Salta province. The project covers 20,500 hectares, and is the third-largest property in the prolific “lithium triangle.”

Bacanora Minerals (TSXV:BCN,OTCMKTS:BCRMF)

Market cap: $160.47 million
Bacanora Minerals holds the Sonora lithium project, a clay-based project in Mexico. Bacanora has a joint venture agreement with London-listed Rare Earth Minerals (LSE:REM) over parts of the Sonora project. The company also owns the Magdalena borate project; it is in Mexico as well, and has the potential to help the company advance its lithium assets.

Centenera Mining (TSXV:CT,OTCMKTS:CTMIF)

Market cap: $11.06 million
Argentina-focused Centenera Mining’s key projects are the Huachi coppergold porphyry project, the Organullo gold project and the El Quemado tantalum-lithium project. Speaking about El Quemado, President, CEO and Director Keith Henderson has said, “our primary focus at El Quemado will of course be lithium, but the potential to produce tantalum as was done in the past adds tremendous value especially given the growing demand for conflict-free tantalum from the global market.”

Critical Elements (TSXV:CRE,OTCMKTS:CRECF)

Market cap: $111.68 million
Critical Elements is looking to advance its Rose lithium-tantalum project in Quebec. The company’s most recent news came in November 2016, when it reported high-grade lithium drill results at Lemare, another lithium project it holds in Quebec.

Dajin Resources (TSXV:DJI,OTCMKTS:DJIFF)

Market cap: $12.88 million
Dajin holds the Teels Marsh and Alkali Lake properties, located in Nevada close to Albemarle’s Silver Peak mine. It also owns the Salinas Grandes project in Argentina. On March 23, the company received its drill permit for Teels Marsh. Company President Brian Findlay said the permit has “been a long time coming.”

Enertopia (CSE:TOP,OTCQB:ENRT)

Market cap: $11.29 million
Enertopia describes itself as being actively engaged in generating transformative change in methods for recovering lithium from brine solutions. It is partnered with Genesis Water Technologies, and is looking at evaluating the feasibility of employing water treatment technology to recover lithium from brine. In March, Enertopia said that lithium carbonate purity testing on four lithium carbonate samples produced by Genesis Water Technologies was underway.

European Metals Holdings (ASX:EMH,LSE:EMH)

Market cap: $105.06 million
European Metals Holdings is advancing the Czech Republic-based Cinovec lithium-tin project. It is part of the historic Cinovec-Zinnwald Mining District, and over the last 600 years over 40,000 tonnes of tin have been extracted from the area. In February, the company upgraded the project’s indicated mineral resource, confirming its status as Europe’s largest lithium resource.

Frontier Lithium (TSXV:FL,OTCMKTS:HLKMF)

Market cap: $50.64 million
Frontier Lithium is advancing the PAK lithium project in Ontario. Exploration work done between 2013 and 2016 shows the deposit could be a near-term supplier of high-purity, technical-grade lithium concentrate. In February, the company began technical drilling at PAK, and said it expects a prefeasibility study to be done before the end of May.

International Lithium (TSXV:ILC)

Market cap: $11.48 million
International Lithium holds the Mariana lithium brine project in Argentina and the Avalonia hard-rock spodumene project in Ireland. It also has an interest in the Mavis lithium project in Canada, and has a partnership with China’s Ganfeng Lithium (SSE:002460).
The company provided an update on Mavis in March, noting that its strategic partner, Pioneer Resources (ASX:PIO), has completed the first drill program at the project. Prior to that, International Lithium, along with Ganfeng, provided a resource estimate for Mariana.

Li3 Energy (OTCMKTS:LIEG)

Market cap: $11.51 million
Li3 Energy’s main project is the Maricunga brine project in Chile, which covers approximately 1,888 hectares. The company holds a 49-percent interest in the project. In January, the company announced a merger under which it will be acquired by Bearing Resources (TSXV:BRZ).

LiCo Energy Metals (TSXV:LIC,OTCMKTS:WCTXF)

Market cap: $11.69 million
LiCo Energy Metals is focused on exploration of metals used for lithium-ion batteries, including cobalt. The company has projects spread across Canada, the US and Chile: three lithium and one cobalt.
In January 2017, LicCo signed an agreement with Durus Copper Chile SPA, where LiCo can earn up to a 60 percent interest in the Purickuta Lithium Exploration Concession. Then in February, the company announced plans to begin an exploration program at the project.

Lithium Americas (TSX:LAC,OTCMKTS:LACDF)

Market cap: $318.91 million
Formerly Western Lithium, Lithium Americas is developing the Cauchari-Olaroz brine deposit in Argentina with SQM. Lithium Americas is also developing a brine deposit in Nevada.
In January 2017, Lithium Americas and Ganfeng Lithium signed an investment agreement under which Ganfeng will fund the advancement of Cauchari-Olaroz for $174 million. As part of the agreement, Ganfeng acquired 19.9 percent of the outstanding shares of Lithium Americas. In March, Lithium Americas provided the results of the first stage of a feasibility study for Cauchari-Olaroz.

Lithium Australia (ASX:LIT)

Market cap: $34.81 million
Lithium Australia, previously Cobre Montana, is looking to produce lithium carbonate from lithium micas. It is partnered with Pilbara Minerals on the Pilgangoora project. The company also has a memorandum of understanding with Tin International to form a joint venture to develop the Sadisdorf tin project in Saxony Germany, where lithium mineralization is know to exist The partnership will conduct exploration metallurgical test work over 2017, with Lithium Australia earning an interest in the project
The company is in the midst of acquiring Lepidico (ASX:LPD).

Lithium X Energy (TSXV:LIX,OTCMKTS:LIXXF)

Market cap: $128.07 million
Lithium X Energy’s focus is on becoming a low-cost supplier for the lithium-ion battery market. Its main asset is the Sal de los Angeles project in Argentina’s “lithium triangle.” The property covers 8,156 hectares and contains high-grade brine — its previous operator invested about C$19 million into it. The company is also exploring the district-scale, 33,846-hectare Arizaro project.
Midway through March, the company closed a bough-deal public offering for aggregate gross proceeds of C$15,010,000.

MGX Minerals (CSE:XMG)

Market cap: $57.61 million
Diversified resource company MGX Minerals is engaged in the development of large-scale industrial mineral portfolios in western Canada, and currently holds lithium, magnesium and silicon projects in both BC and Alberta.
The company has a unique approach to sourcing lithium carbonate and other valuable minerals from the salt water that accompanies petroleum as it’s being pumped to the surface. This salt water is currently treated as a waste product, and MGX eventually hopes to integrate its extraction technique with existing environmental disposal systems in oil and gas fields. Currently it is working to integrate its system with PurLucid Treatment solutions’ technology, which separates impurities from oil industry waste streams to produce clean water as a final product.

Millenial Lithium (TSXV:ML,OTCMKTS:MLNLF)

Market cap: $56.1 million
Millenial Lithium is focused on becoming one of Argentina’s next lithium producers. Its flagship project is the advanced-stage Pastos Grandes lithium project in the country’s Salta province. Its other projects include the Cauchari East and Cruz project, both of which are also located in Argentina. The company recently closed a private placement for proceeds of $5,937,500; it plans to put the money toward 43-101 resource drilling and general working capital.

Nemaska Lithium (TSX:NMX,OTCMKTS:NMKEF)

Market cap: $416.74 million
Nemaska Lithium is a near-term producer, and plans to supply the battery market. It is one of the only companies in the world looking to produce lithium hydroxide directly instead of from lithium carbonate.
The company is developing its Whabouchi mine in Quebec, which is said to be the second-richest and largest lithium deposit in the world. The company announced in mid-March that it had produced up to 6.65 percent lithium oxide concentrate at Whabouchi. “With this concentrate production we have met another important milestone as we continue to de-risk our project,” said President and CEO Guy Bourassa.

Neometals (ASX:NMT)

Market cap: $171.72 million
Neometals is focused on advancing the Mt Marion lithium project with its partner, Mineral Resources (ASX:MIN). The companies are also developing the Kalgoorlie lithium hydroxide facility. In March, they announced that the second shipment from Mt Marion, which clocked in at 16,662 tonnes, had been shipped to Ganfeng Lithium’s receiving facility in China.

Nevada Sunrise Gold (TSXV:NEV)

Market cap: $11.76 million
Nevada Sunrise Gold is focused on gold as well as lithium in Nevada. It holds three high-grade gold properties in addition to interests in six lithium properties covering a combined 20,000 acres within and adjacent to Clayton Valley. Advantage Lithium has the option to earn working interests in five of Nevada Sunrise’s lithium projects, and in March the two companies announced results from the first borehole at one of those properties.

Pilbara Minerals (ASX:PLS,OTCMKTS:PILBF)

Market cap: $542.57 million
As noted, Pilbara Minerals is focused on advancing its Pilgangoora project in Western Australia with Lithium Australia. It also recently acquired a stake in the Mt Franciso project. According to a press release, the company can earn up to an 80-percent interest in the project through funding $1 million in exploration and completing a feasibility study.

Pure Energy Minerals (TSXV:PE,OTCMKTS:PEMIF)

Market cap: $33.78 million
Pure Energy Minerals holds the Clayton Valley South project in Nevada. It plans to develop the project two stages. The first stage would involve pumping lithium brine to the surface, then extracting lithium, among other things, at a processing facility. The second stage would come after the commissioning of the first stage, and would include increasing the throughput of the processing facility by way of battery material and lithium waste streams.
The company is currently looking to expand its portfolio in Argentina. In March, it closed its acquisition of a purchase option agreement on the Terra Cotta project. Pure Energy has also started technical evaluation and design for its exploration program for the first half of 2017.

Wealth Minerals (TSXV:WML,OTCMKTS:WMLLF)

Market cap: $115.14 million
Wealth Minerals is focused on acquiring lithium projects in South America, and one of its main assets is the Atacama project in Chile. The company also holds the Trinity project, which is a consolidation of projects on three separate salars within close proximity to each in northern Chile: the Aguas Caleintes Norte, Pujsa and Quisquiro salars.

Other lithium juniors

As mentioned, the companies listed above all had market caps above $10 million as of March 31, 2017. But there are many lithium juniors with market caps under that amount that are worth watching. Some of those companies include: Alset Energy (TSXV:ION), Cypress Development (TSXV:CYP), Evolving Gold (CSE:EVG,OTCMKTS:EVOGF), Eureka Resources (TSXV:EUK), Iconic Minerals (TSXV:ICM,OTCMKTS:BVTEF), Kairos Capital (TSXV:KRS), Macarthur Minerals (TSXV:MMS), Nevada Energy Metals (TSXV:BFF,OTCMKTS:SSLMF), Noram Ventures (TSXV:NRM,OTCBB:NRVTF), NRG Metals (TSXV:NGZ,OTCMKTS:GPOFF), Sienna Resources (TSXV:SIE,OTCBB:SNNAF) and Stria Lithium (TSXV:SRA).
Galaxy Resources (ASX:GXY,OTCMKTS:GALXF) and Orocobre (TSX:ORL,ASX:ORE,OTCMKTS:OROCF) are examples of lithium companies that have recently begun production.
Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Advantage Lithium, Alset Energy, Critical Elements, Cypress Development, Dajin Resources, Evolving Gold, Frontier Lithium, Galaxy Resources, LiCo Energy Metals, Lithium Australia, Macarthur Minerals, MGX Minerals, Nemaska Lithium, Nevada Energy Metals, Noram Ventures, Sienna Resources and Stria Lithium are clients of the Investing News Network. This article is not paid-for content.

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Last week's top-gaining stocks on the TSX were Sierra Metals, Champion Iron, SouthGobi Resources, Verde Agritech and Forza Petroleum.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) was trading at 21,198.01 by midday this past Friday (November 26). It closed the period at 21,129.53.

The index opened lower as energy stocks fell on the back of declining oil prices, which hit a two month low on the last day of the trading week.

On Friday, investors turned to safe haven assets as concerns over a new coronavirus variant increased. Gold gained, but silver fell and was on track for a weekly loss.


Last week's five TSX-listed mining stocks that saw the biggest gains are as follows:

  • Sierra Metals (TSX:SMT)
  • Champion Iron (TSX:CIA)
  • SouthGobi Resources (TSX:SGQ)
  • Verde Agritech (TSX:NPK)
  • Forza Petroleum (TSX:FORZ)

Here's a look at those companies and the factors that moved their share prices last week.

1. Sierra Metals

Sierra Metals is a growing polymetallic mining company with copper production from its Yauricocha mine in Peru and its Bolivar and Cusi mines in Mexico.

The company did not release news last week, but shares of Sierra Metals increased 8.67 percent during the period and were trading at C$1.88 by the end of the week.

2. Champion Iron

Champion Iron is an iron ore exploration and development company with several major projects in the Southern Labrador Trough, considered the largest iron ore-producing region in Canada.The company is currently developing eight iron-rich projects, including its flagship Bloom Lake asset.

Last week, Champion Iron shares increased 8.29 percent to end at C$4.05.

3. SouthGobi Resources

Integrated coal supplier SouthGobi Resources is focused on its flagship Ovoot Tolgoi mine, the closest coal mine to China, located 46 kilometers north of China-Mongolia border. The company also holds mining and exploration licences for other metallurgical and thermal coal deposits in the South Gobi province of Mongolia.

Over the five day period, shares of SouthGobi Resources increased 7.46 percent to end the week at C$0.36.

4. Verde Agritech

Verde AgriTech is developing its Cerrado Verde project, located in Brazil. The project is the source of a potassium-rich deposit from which the company intends to produce solutions for crop nutrition, crop protection, soil improvement and better sustainability.

Last Wednesday (November 24), the company announced a 169 percent rise in revenue for Q3, and revised its target for the year upward. Verde Agritech saw its share price increase 6.29 percent last week to hit C$1.86.

5. Forza Petroleum

Forza Petroleum, formerly Oryx Petroleum, is an oil exploration, development and production company. It has a 65 percent participating interest in and operates the Hawler license area in Iraq's Kurdistan region.

Last week, shares of Forza Petroleum increased 6.25 percent to trade at C$0.17 by the end of the week.

Data for 5 Top Weekly TSX Stocks articles is retrieved each Friday at 11:00 a.m. EST using TradingView's stock screener. Only companies with market capitalizations greater than C$50 million prior to the week's gains are included. Companies within the non-energy minerals and energy minerals are considered.

Don't forget to follow us @INN_Resource for real-time updates!

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

Editorial Disclosure: Energy Fuels is a client of the Investing News Network. This artice is not paid-for content.

stock chart

Last week's top-gaining mining stocks on the TSXV were Adex Mining, Butte Energy, Noble Mineral Exploration, AurCrest Gold and International Iconic Gold.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) ended last week on the decline, shedding 27 points shortly after the morning bell on Friday (November 26). It closed at 942.62.

Global markets were plunged into uncertainty as news that a recently discovered COVID-19 variant known as omicron may be more contagious and potentially vaccine resistant.

Several European and Asian nations scrambled during the last full week of November to implement border and flight restrictions in an effort to curb the spread of the variant, which was first detected in South Africa.


Concern that the new mutation could hinder economic recovery weighed heavily on North American markets, with most of the leading indexes slipping lower Friday morning. The energy sector bore the brunt of the declines, with West Texas crude oil dropping 9 percent and Brent crude losing 8 percent.

Gold also faced headwinds from the uncertainty. It fell below US$1,800 per ounce on Tuesday (November 23), and remained under pressure throughout the week, only briefly rallying above US$1,800 early on Friday.

Last week's five TSXV-listed mining stocks that saw the biggest gains are as follows:

Here's a look at what may have moved their share prices during the period.

1. Adex Mining

Explorer Adex Mining is developing the Mount Pleasant mine property in New Brunswick. The site houses two distinct deposits: the Fire Tower zone, which hosts a significant molybdenum and tungsten resource, and the North zone, which contains the world's largest indium reserve and one of North America's largest tin resources.

Adex filed a number of documents on SEDAR last week, including its latest management's discussion and analysis document. Company shares rose 50 percent for the last full week of November, ending the session at C$0.02.

2. Butte Energy

Butte Energy was previously engaged in the acquisition, exploration and development of petroleum and natural gas reserves in Western Canada. The company sold its last remaining asset in 2017 and currently has no active operations other than the completion of reclamation activities on previously abandoned wells.

Late last year, Butte brought on a new board and management team that is actively evaluating potential opportunities, including those outside of the oil and gas industry.

Last Tuesday (November 23), the firm released its interim financial statement and management overview.

"In order to fund future operations or acquisitions, the company will need to raise additional funds by way of equity or debt. There is no assurance that the company will be able to raise such funds on terms acceptable to it," the overview reads. "These factors indicate the existence of a material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern."

Shares of Butte rose 36.75 percent last week, ending the session at C$0.20.

3. Noble Mineral Exploration

Noble Mineral Exploration has holdings in Canada Nickel Company (TSXV:CNC,OTCQX:CNIKF), Spruce Ridge Resources (TSXV:SHL,OTC Pink:SRCGF) and MacDonald Mines Exploration (TSXV:BMK,OTC Pink:MCDMF).

Additionally, the diversified explorer has an interest in the Holdsworth gold exploration property near Wawa, Ontario. The property is comprised of approximately 72,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81. According to Noble, Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metals exploration targets at various stages of exploration.

Last week, the company entered into a letter of intent (LOI) with Canada Nickel Company to option mining claims in the Mann, Hanna, Duff and Reaume townships. The deal will also see Noble sell its MRO patents in Kingsmill and Mabee townships to the nickel-focused company.

"We are extremely pleased to be able to invite Canada Nickel, with their expertise, to secure this very large land package as it represents a 20km strike length where evidence of nickel, cobalt, PGM's, rhodium and rare earth minerals have been found to be present in work carried out by past explorers," said Vance White, president and CEO of Noble. The LOI news sent shares of Noble 22.83 percent higher, ending the trading week at C$0.13.

4. AurCrest Gold

AurCrest Gold is a mineral exploration company focused on the acquisition, exploration and development of gold properties. Presently, the gold-centered firm has a portfolio of assets in Ontario, including the Richardson Lake, Ranger Lake and Bridget Lake gold projects.

In mid-November, the explorer released results from a spring/summer program at its 100 percent owned Ranger Lake property. The program consisted of nine drill holes designed to test one of three high-priority targets.

"Eight drill holes encountered sulphide veins and stringer zones over 1-7 metre intervals hosted in a metasedimentary sequence," the report reads. "Veins and host rocks are sheared and folded, and display characteristics consistent with stages of post-mineralization deformation and partial melting, the latter inferred by quartz-alkali feldspar leucosomal bands."

AurCrest shares added 22.46 percent last week to trade for C$0.35.

5. International Iconic Gold

Exploration company International Iconic Gold is focused on developing its wholly owned San Roque gold project, located in the Rio Negro province of Northeastern Patagonia, Argentina.

According to the company, a gold, silver and base metals resource assessment released in July 2019 shows an inferred mineral resource of 32.9 million tonnes grading 1.42 grams per tonne gold equivalent (AuEq) for 1,499,900 AuEq ounces at a cut-off grade of 0.6 grams per tonne AuEq.

Last Wednesday (November 24), the firm increased its ownership to 100 percent in Minas San Roque (MSR), which owns the legal title to the mining claims comprising Iconic Gold's flagship San Roque property.

"MSR's ownership of the deposit and the prospective geology around it are protected by a system of mine rights. Three federal government mining concessions, known as 'Minas,' totaling 94.5 square kilometers (sq. km) have been granted to MSR," the late November press release states. "In addition, MSR controls eleven temporary mineral exploration licenses, known as 'Cateos,' covering 645 sq. km around the Minas."

By Friday, shares of Iconic Gold had climbed 20.77 percent to close at C$0.14.

Data for 5 Top Weekly TSXV Stocks articles is retrieved each Friday at 11:00 a.m. EST using TradingView's stock screener. Only companies with market capitalizations greater than C$10 million prior to the week's gains are included. Companies within the non-energy minerals and energy minerals are considered.

Don't forget to follow us @INN_Resource for real-time updates!

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

Editorial Disclosure: Canada Nickel Company, MacDonald Mines Exploration, Noble Mineral Exploration and Spruce Ridge Resources are clients of the Investing News Network. This article is not paid-for content.

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