Top Battery Metals Stocks on the TSX and TSXV

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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 with a special mention to nickel. Only companies with market caps above C$10 million are included, and all data was obtained using TradingView’s stock screener on July 6, 2021.

Lithium:

1. Wealth Minerals (TSXV:WLM)

Current price: C$0.35; year-to-date gain: 311.176 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 highest-grade and largest-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.

2. Vision Lithium (TSXV:VLI)

Current price: C$0.13; year-to-date gain: 285.71 percent

Junior 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. In March 2021, the company purchased the Godslith lithium property in Manitoba.

3. Rock Tech Lithium (TSXV:RCK)

Current price: C$5.22; year-to-date gain: 208.88 percent

Aiming to be one of the first lithium hydroxide producers outside of China, Rock Tech Lithium is pursuing a two pillar approach that includes the production of sustainably sourced spodumene feedstock at its Georgia Lake project in Ontario and the construction of a lithium hydroxide converter in Europe.

At Georgia Lake, lithium mineralization was discovered in 1955 and subsequently explored by several historic owners. Rock Tech acquired the licenses in 2009 and carried out several drill campaigns until 2017. In 2018, the company published a preliminary economic assessment and is now moving forward to the feasibility stage.

Cobalt:

1. Edison Cobalt (TSXV:EDDY)

Current price: C$0.12; year-to-date gain: 316.67 percent

Edison Cobalt is focused on the procurement, exploration and development of cobalt, lithium and other energy metals. Formerly known as Power Americas Minerals, it currently holds a 100 percent interest in the Kittson cobalt project, which is comprised of 216 unpatented mining claims covering a total area of approximately 4,440 hectares in Northeast Ontario, Canada.

The company has recently entered into a definitive purchase and sales agreement to acquire Resource Ventures, an Argentina corporation that owns or controls the rights to over 148,000 hectares of prospective lithium brine claims in the province of Catamarca, Argentina.

2. Battery Mineral Resources (TSXV:BMR)

Current price: C$0.80; year-to-date gain: 142.42 percent

Top cobalt stock Battery Mineral Resources has an extensive portfolio of high-grade cobalt, lithium and graphite assets located in Canada, the US and South Korea.

The company controls a land package of 1,100 square kilometers that hosts multiple high-grade targets in the Ontario Cobalt Belt. Battery Mineral bills itself as the largest claim holder across all minerals in the Ontario Cobalt Belt, one of the most richly endowed mining regions in the world.

In Idaho, US, the company owns 434 unpatented mining mineral claims in three 100 percent owned properties containing 14 significant cobalt prospects and covering an area of 38 square kilometers. Battery Mineral continues to stake and acquire additional cobalt properties across the US.

3. Fortune Minerals (TSXV:FT)

Current price: C$0.13; year-to-date gain: 73.33 percent

Fortune Minerals is developing its NICO cobalt-gold-bismuth-copper project, located in Canada’s Northwest Territories. The aim 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 top cobalt stock also holds the Sue-Dianne copper-silver-gold deposit and other exploration projects in the Northwest Territories.

Graphite:

1. Gratomic (TSXV:GRAT)

Year-to-date growth: 370.59 percent; current share price: C$1.60

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.

2. South Star Battery Metals (TSXV:STS)

Year-to-date growth: 240 percent; current share price: C$0.17

South Star Battery Metals is focused on the acquisition and development of near-term production graphite projects in Brazil. South Star’s Santa Cruz graphite project, located in Southern Bahia, has at-surface mineralization in friable materials, and successful large-scale pilot plant testing has been completed. The results of the testing show that approximately 65 percent of graphitic carbon (Cg) concentrate is +80 mesh with good recoveries and 95 to 99 percent Cg. The company is carrying its development plan towards Phase 1 production, which is projected in Q4 2022, pending financing.

3. NextSource Materials (TSXV:NEXT)

Year-to-date growth: 193.33 percent; current share price: C$2.64

Toronto-based NextSource Materials is a mine development company in the final development stage for 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.

Nickel:

1. Nickel 28 Capital (TSXV:NKL)

Current share price: C$1.03; year-to-date gain: 116.84 percent

Nickel 28 Capital is a nickel-cobalt producer through its 8.56 percent joint venture interest in the producing, long-life and world-class Ramu nickel-cobalt operation located in Papua New Guinea. In addition, Nickel 28 manages a portfolio of 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea.

2. Canada Nickel Company (TSXV:CNC)

Current share price: C$3.75; year-to-date gain: 93.30 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.

3. North American Nickel (TSX:NAN)

Current share price: C$0.27; year-to-date gain: 74.19 percent 

North American Nickel is a mineral exploration company with 100 percent owned properties in Maniitsoq, Greenland, and Ontario, Canada. In 2019, the top nickel stock became a founding shareholder in Premium Nickel Resources, a private Canadian company geared at providing direct exposure to nickel-copper-cobalt opportunities in the Southern African region.

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

Editorial Disclosure: Rock Tech Lithium, Fortune Minerals, Gratomic, South Star Battery Metals, NextSource Materials, Battery Mineral Resources and Canada Nickel Company are clients of the Investing News Network. This article is not paid-for content.