Battery Metals

Lithium Investing

Last week saw Vision Lithium, NRG Metals, Strategic Oil and Gas, Monument Mining and Advantage Lithium top our list of gainers on the TSXV.

On Friday (January 4), the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 7.41 points, or 1.28 percent, to reach 585.9 points.

Talk in the US was mostly about the ongoing government shutdown while markets rally (or falter depending on the time of day) and commodities follow the same paths set at the end of 2018.

Gold was a mixed bag last week, posting gains through the week but falling on good US job numbers, while base metals were generally down (besides nickel).

INN took a look at the top gainers on the TSXV over the week that was, and the list is dominated by lithium juniors. Read on to see what each of the top five gainers have been up to in the past few months.

  • Vision lithium (TSXV:VLI)
  • NRG Metals (TSXV:NGZ)
  • Strategic Oil and Gas (TSXV:SOG)
  • Monument Mining (TSXV:MMY)
  • Advantage Lithium (TSXV:AAL)

Vision Lithium

Junior explorer Vision Lithium is Quebec-based, with two projects in its home province and another in New Brunswick. Across all three of its projects it focuses on battery metals, but it holds up its Sirmac lithium property as its primary focus.

Sirmac was the subject of the company’s latest press release, which was from early November detailing results of exploration carried out at the central-Quebec property. Vision Lithium’s release reported on a newly discovered East Zone at the property, which returned lithium.

On the TSXV last week, Vision Lithium was up by 94.12 percent to C$0.175.

NRG Metals

Another lithium company, NRG Metals is focused on lithium brine projects in Argentina, where it operates two projects within the “lithium triangle” in the northwest of the country.

NRG’s latest release was a lithium resource estimate for its Hombre Muerto North project, which said that the project had 509,000 tonnes of lithium carbonate equivalent and 1,609,000 tonnes of potash equivalent in the measured resource category.

Last week, NRG Metals enjoyed a 63.64 percent increase in value on the TSXV, trading at C$0.09 by Friday.

Strategic Oil and Gas

Taking a break from lithium, Strategic Oil and Gas is a junior company in Alberta focused on upstream oil and gas exploitation and development.

The company’s key interests lie in the Marlowe area of Northwestern Alberta, where production is piped to Strategic-owned processing facilities.

It’s very much holiday season; Strategic’s latest news was from November, when it released its Q3 results, which were not too fantastic, prompting the company to form a committee to consider “strategic alternatives.”

Regardless of the poor results, on the TSXV last week the company was looking good — up 42.86 percent to C$0.05 — but clearly from a low base. For much of 2018, Strategic had been trading above C$1.

Monument Mining

Canadian developer and miner Monument Mining has three projects across Malaysia and Australia: Selingsing, Murchison and Mengapur.

The company’s most recent release was the results of its annual general meeting on December 14 last year, but the more interesting release was its first fiscal quarter results, which it released on November 28.

On the TSXV last week Monument was up by 40 percent, reaching C$0.07.

Advantage Lithium

What began with lithium ends with lithium last week; Advantage Lithium is a junior explorer focused on: lithium. The company is another with its sights set on Argentina, where it has four projects including its flagship Cauchari JV which is 75-percent owned by Advantage, and 25-percent by Orocobre (TSX:ORL).

Advantage’s most recent release was an announcement it would be commencing a feasibility study on its flagship project, and also detailed additions to its project team there.

Over the week Advantage was up by 39.02 percent, reaching C$0.57 by Friday.

Data for 5 Top TSXV Stocks articles is retrieved each Friday at 10:30 a.m. PST using Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. Companies within the basic materials and energy sectors are considered.

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


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