Since bottoming out at $1.92 in March 2020, shares of(LAC) rocketed to a recent high of $7.75. All on news of a potential lithium supply shortage.
According to Reuters,
“A new demand surge is already looming in the form of the multiple ‘green
stimulus’ packages as governments try and kick-start locked-down
economies. You don’t have to be a market genius to see that another price
boom is coming sooner or later as an under-powered supply chain has to catch up
with the next demand surge.”
vehicles are helping, as demand grows much faster than anyone expected.
according to a new study from the Boston Consulting Group, by 2025, EVs could
account for a third of all auto sales. By 2030, EVs could surpass internal
combustion engine vehicles with a market share of 51%.
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But for that
to happen, the world needs far more lithium, which is where LAC comes into
just completed its transaction with Chinese partner, Ganfeng
Lithium regarding ownership structure of the Cauchari-Olaroz lithium project under development in
Argentina. Reportedly, this project is one of the few large-scale lithium
operations that are currently in development, and is expected to begin
production in 2021.
“With an additional $40 million in
cash on our balance sheet and over $200 million in available capital to fund
our share of Cauchari-Olaroz, remains in a strong financial
position as we advance both of our projects,” says President and CEO Jon Evans.
Earnings are Fueling Upside
month, posted a second quarter loss of seven cents a share. However,
that fell within the range analysts were looking for.
news is that is moving forward with two projects that could
generate solid revenue, and hopefully a profit. Those include the Cauchari-Olaroz
project in Argentina, and the Thacker Pass project in Reno, Nevada.
“With respect to the Thacker Pass
lithium project in Nevada, we continue to make significant progress with the
recent release of the draft Environmental Impact Statement by the Bureau of
Land Management,” added Evans.
Ian Cooper’s Personal Position in LAC:
Expert Says Lithium Co. ‘An Immediate Speculative Buy’
Source: Clive Maund 09/29/2022
Expert Clive Maund takes a look at the 6-month and 2-year charts for Spey Resources Corp., following the completion…
Innovate BC awards $2.3M to B.C. R&D projects
VANCOUVER – Yesterday at an awards ceremony in Vancouver, Innovate BC awarded $2,325,000 to eight B.C. research and development projects that are creating…
Atlantic Lithium to start production at Ghana mine in H2 2024
This mine is expected to generate around $5bn in revenue over its lifetime.
The post Atlantic Lithium to start production at Ghana mine in H2 2024 appeared…
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