What are the top battery metals stocks? INN looks at the battery metals companies with the biggest year-to-date gains in 2021.
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Battery metals such as lithium, cobalt and graphite are essential to the lithium-ion batteries used to power electric cars, with demand expected to increase in the coming decades.
As the energy revolution continues to unfold, automakers are becoming increasingly aware of the need to secure these raw materials in order to accomplish their ambitious electrification goals.
For investors interested in jumping into the battery metals space, we’ve gathered the top battery metals stocks on the TSX and TSXV with year-to-date gains, including lithium, graphite and cobalt companies and with a special mention to companies focused on nickel.
All companies have market caps above C$10 million; data was obtained from TradingView on April 5, 2021, for lithium, cobalt and nickel stocks, and on April 13, 2021, for graphite stocks.
Top battery metals stocks: Lithium
1. Vision Lithium (TSXV:VLI)
Current share price: C$0.24; year-to-date gain: 585.71 percent
Junior miner Vision Lithium is focused on exploring and developing battery minerals assets, primarily in Canada. The company’s projects include the Sirmac lithium property located in Northern Quebec, which it acquired from Nemaska Lithium in 2017.
2. Wealth Minerals (TSXV:WML)
Current share price: C$0.31; year-to-date gain: 244.44 percent
Wealth Minerals has interests in Canada, Mexico, Peru and Chile. The company’s main focus is the acquisition and development of lithium projects in South America, with its flagship Atacama Salar located in the world’s largest and highest-grade producing lithium brine deposit.
Wealth Minerals’ concessions cover 46,200 hectares in the northern part of the salar, in close proximity to top producer SQM (NYSE:SQM). The company also holds the Ollague project, which consists of 4,200 hectares located in Northern Chile, Region II, near the Chile-Bolivia border and approximately 200 kilometers due north from Atacama.
Current share price: C$2.90; year-to-date gain: 237.21 percent
E3 Metals’ lithium resource is located below surface in depleted oil reservoirs in Alberta that are full of lithium-enriched brine. The company has a lithium resource of 7 million tonnes of lithium carbonate equivalent, hosted in the world-class Leduc Reservoir, which covers only a third of the company’s permit area in South-Central Alberta.
Alberta-based E3 Metals not only combines a significant resource in an established local industry, but also holds its own proprietary direct lithium extraction technology.
Top battery metals stocks: Cobalt
1. Fuse Cobalt (TSXV:FUSE)
Current share price: C$0.13; year-to-date gain: 225 percent
Fuse Cobalt, formerly LiCo, has ownership of the Teledyne and Glencore Bucke projects, two cobalt properties located in Canada’s historical Cobalt Camp in Northern Ontario.
Fuse’s Glencore Bucke property, subject to a back-in provision, a production royalty and an offtake agreement, consists of 16.2 hectares and sits along the west boundary of Fuse’s Teledyne cobalt project. The company owns a 100 percent interest, subject to a royalty, in the Teledyne project, which consists of 785 hectares of land and is also located near Cobalt, Ontario.
2. Surge Battery Metals (TSXV:NILI)
Current share price: C$0.20; year-to-date gain: 150 percent
Mineral exploration company Surge Battery Metals is focused on projects located in mining-friendly jurisdictions of North America.
The company has signed an option agreement with Fuse Cobalt to earn a 60 percent interest in its two principal cobalt properties, the already mentioned Teledyne cobalt property and the Glencore Bucke cobalt property. Aside from these cobalt-focused assets, the company has entered into a polymetallic property option agreement to acquire a 100 percent interest in seven mineral claims known as Caledonia, Cascade and Bluebell, subject to a net smelter royalty of 1 to 2 percent.
Current share price: C$0.18; year-to-date gain: 125 percent
Fortune Minerals is developing its NICO cobalt-gold-bismuth-copper project, located in Canada’s Northwest Territories. The goal is for bulk concentrate from NICO to be shipped to a planned metals processing plant in Saskatchewan. The company is positioned to become a Canadian producer of battery-grade cobalt chemicals with gold and bismuth co-products.
The company also holds the Sue-Dianne copper-silver-gold deposit and other exploration projects in the Northwest Territories.
Top battery metals stocks: Graphite
Year-to-date growth: 344.44 percent; current share price: C$0.40
Toronto-based NextSource Materials is a mine development company in the final development stage at its 100 percent owned Molo graphite project in Southern Madagascar. The Molo project is a fully permitted, feasibility-stage project and is the only project with SuperFlake graphite.
Year-to-date growth: 317.65 percent; current share price: C$1.42
Exploration and advanced materials company Gratomic has two graphite projects: Aukam in Namibia and Buckingham in Quebec. The company has two offtake deals for Aukam, which covers a historical vein graphite mine, and is solidifying plans to micronize and spheronize graphite from the asset.
Year-to-date growth: 209.09 percent, current share price: C$0.17
Lomiko Metals is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy. It owns 100 percent of the La Loutre graphite property and 20 percent of Promethieus Technologies.
Top battery metals stocks: Nickel
Current share price: C$3.39; year-to-date gain: 74.74 percent
Canada Nickel Company is advancing its 100 percent owned Crawford nickel-cobalt sulfide discovery, which has large-scale potential and is located in the Timmins mining camp adjacent to major infrastructure. Canada Nickel has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt and NetZero Iron, and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt and iron products.
2. North American Nickel (TSX:NAN)
Current share price: C$0.26; year-to-date gain: 70.97 percent
North American Nickel is a mineral exploration company with 100 percent owned properties in Maniitsoq, Greenland, and Ontario, Canada. In 2019, the company became a founding shareholder in Premium Nickel Resources, a private Canadian company whose goal is to provide direct exposure to nickel-copper-cobalt opportunities in Southern Africa.
Current share price: C$0.14; year-to-date gain: 64.71 percent
Noble Mineral Exploration has interests in Canada Nickel Company, Spruce Ridge Resources (TSXV:SHL) and MacDonald Mines Exploration (TSXV:BMK,OTC Pink:MCDMF), as well as in the Holdsworth gold exploration property in the area of Wawa, Ontario. In addition, the company holds approximately 72,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: E3 Metals, Fortune Minerals, NextSource Materials, Gratomic, Lomiko Metals, Canadian Nickel Company, Noble Mineral Exploration, MacDonald Mines Exploration and Spruce Ridge Resources are clients of the Investing News Network. This article is not paid-for content.