Top Canadian Lithium Stocks

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Lithium’s popularity has been rising for several years due to the electric vehicle and energy storage revolution.

Many market watchers continue to be optimistic about the future of the metal, with the demand narrative getting stronger every day. Lithium stocks have had a good year so far, despite the pressure brought by the coronavirus outbreak.

For investors interested in the lithium space, the Investing News Network has created an overview of the top Canadian lithium stocks on the TSX and the top Canadian lithium stocks on the TSXV with year-to-date gains. This list was generated on October 1, 2021, using TradingView‘s stock screener. Only companies with market caps above C$10 million are included.

1. Wealth Minerals (TSXV:WML)

Current price: C$0.52; year-to-date gain: 505.08 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. Sigma Lithium (TSXV:SGML)

Current price: C$10.65; year-to-date gain: 256.19 percent

Sigma Lithium, through its indirectly wholly owned subsidiary Sigma Mineração, is developing, with a strategy focused on environmental, social and governance principles, the largest hard-rock lithium deposits in the Americas, located at its Grota do Cirilo project in Brazil.

The company plans to produce 220,000 tonnes annually of battery-grade lithium concentrate (33,000 tonnes of lithium carbonate equivalent (LCE)) in the first phase of production, and expects to be amongst the world’s lowest-cost producers. In phase two of production, if warranted after an ongoing feasibility study, production would be increased to 440,000 tonnes (65,000 tonnes of LCE) annually.

The company is working on pre-construction and detailed engineering for an environmentally friendly, fully automated dense media separator production plant that applies proprietary algorithms to digitally control dense media. The production plant will be vertically integrated into the company’s mining operations, with feedstock coming exclusively from the project’s high-purity spodumene ore.

3. Standard Lithium (TSXV:SLI)

Current price: C$9.98; year-to-date gain: 250.18 percent

Standard Lithium’s flagship project is located in Southern Arkansas, where it is testing and proving the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations.

The company has commissioned its first-of-a-kind, industrial-scale direct lithium extraction demonstration plant at Lanxess’s south plant facility in Southern Arkansas. The plant uses the company’s proprietary LiSTR technology to selectively extract lithium from Lanxess’s tail brine.

The company is also pursuing the resource development of over 30,000 acres of separate brine leases located in Southwestern Arkansas, and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California.

4. Vision Lithium (TSXV:VLI)

Current price: C$0.11; year-to-date gain: 214.29 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.

5. Argentina Lithium and Energy (TSXV:LIT)

Current price: C$0.25; year-to-date gain: 212.50 percent

Argentina Lithium and Energy is focused on acquiring high-quality lithium projects in Argentina, and advancing them towards production in order to meet growing global demand from the battery sector.

The company has acquired a 100 percent interest in over 25,000 hectares of the Incahuasi Salar and basin in Catamarca province. Additionally, the company holds the Antofalla project, which includes a 100 percent interest in approximately 9,000 hectares of mining claims, plus an additional 5,380.5 hectares under option in the north end of the Salar de Antofalla.

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