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7 EV Stocks Set to Soar as the Infrastructure Bill Passes

These recent weeks have been very bullish for investors looking at infrastructure stocks. On Nov. 5, the U.S. government passed the much-discussed infrastructure…

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This article was originally published by Investor Place

These recent weeks have been very bullish for investors looking at infrastructure stocks. On Nov. 5, the U.S. government passed the much-discussed infrastructure bill. While there appears to be a few wrinkles to iron out before the funding is able to go where it needs to go, this is big news. As a result, it’s boosted EV stocks.

This $1 trillion bill will be instrumental in pushing forward initiatives to electrify the U.S. and provide clean energy-related jobs. Given all the noise around climate change following the COP26 proceedings, infrastructure-related stocks and, in particular, clean energy infrastructure stocks are likely to remain in high demand.

A signifiant portion of this bill is dedicated to tax incentives for electric vehicles (EVs), with the goal of half of all vehicles sold in the U.S. being electric, by 2030. According to this bill, consumers can receive a tax credit of up to $12,500 on electric vehicles. This tax credit would include a $4,500 incentive on union-made cars and $500 on batteries made in the United States.

Additionally, $7.5 billion will be earmarked for the construction of EV charging stations across the country. The infrastructure bill will also offer tax credits on used EV cars and a $9 billion grant to U.S. Postal Service to use EVs. In short, this bill will provide a massive push to EV sales in the upcoming years.

Electric vehicle stock seems to have a significant growth potential given how the world attention is sharply shifting towards clean energy. Let’s take a look at some of the best EV stocks that are bound to soar as the U.S government passes the infrastructure bill:

Top EV Stocks for Infrastructure: Fisker (FSR)

Source: T. Schneider / Shutterstock.com

Fisker is one of the newest electric vehicle makers, launched in 2016. This California-based EV manufacturer will launch its first model Ocean SUV in the fourth quarter of 2022.

Fisker has outsourced the manufacturing of its first model to Magna International. It is one of the most trusted original equipment manufacturers (OEMs) in the world. This decision is being considered as an intelligent, yet conservative move.

Fisker aims to manufacture and deliver 5,000 units by 2023. Currently, it’s expected Fisker’s flagship electric SUV, the Fisker Ocean, will be available by Nov. 2022. The company has actually moved its delivery timeline up, resulting in a recent surge in FSR stock.

I think Fisker has one of the most attractive-looking electric SUVs on the market. And the company’s price point for its Ocean SUV model is attractive. Accordingly, investors will pay close attention to preorder data as we approach Q4 of next year.

Tesla (TSLA)

A black Tesla (TSLA) Model S is parked between rows of charging stations.Source: Grisha Bruev / Shutterstock.com

When thinking about electric vehicles, it’s impossible to leave Tesla out of the discussion.

The largest EV manufacturer globally, Tesla is regarded as the pioneer in this space. It’s certainly not the first company to come out with an all-electric vehicle. However, Tesla has been credited with starting the push toward electrification in the automobile space. Arguably, without Tesla, the entire sector may have taken much, much longer to shift toward an EV focus.

The company’s Model 3 was launched in 2016, and is among the best-selling cars globally. This is an EV company that has already built out a massive charging network. However, more charging infrastructure is a rising tide that could lift all EV-related boats. Accordingly, investors have reason to be bullish on Tesla stock right now.

This is a stock that’s looking a bit frothy at the moment. The company’s valuation has recently broken through the $1 trillion mark, making the company’s CEO Elon Musk the richest man in the world.

For Tesla aficionados, this rally may only just be getting started. However, this is a stock that investors may want to take caution with at these levels, and consider on dips moving forward.

Top EV Stocks for Infrastructure: Lucid (LCID)

The Lucid Motors (LCID) logo is displayed in front of an ad for the Air sedan.Source: T. Schneider / Shutterstock.com

Sticking with the EV sector for a minute, we come to Lucid. Perhaps one of the most sought-after EV stocks right now, Lucid has built quite the name for itself. That is, considering the company’s vehicles just started rolling off the production line this month.

Essentially, this coming quarter will be the first with material earnings to report. However, this is a company that has certainly had a number of catalysts play out this past year.

The Lucid Air lineup has been making a number of headlines. The company’s Dream Edition R model recently earned a record EPA rating for range – 520 miles. For those who have used range as an excuse not to buy an electric vehicle, Lucid’s found a way to take this objection away. Additionally, this company recently announced an expansion of the company’s manufacturing footprint. Lucid will grow into an expanded 5.1 million square feet site in Arizona. It’s expected this facility should provide ample growth, at least for now, as the luxury EV automaker continues to rake in orders.

As an early-stage EV company, it’s clear Lucid is a stock that’s benefited from the infrastructure bill. Whether this catalyst can carry on for some time from here remains to be seen.

ChargePoint (CHPT)

CHPT a chargepoint charging stationSource: Michael Vi / Shutterstock.com

Now, to a leading EV charging play. ChargePoint is the current leader in the U.S. market in this regard. The EV charging company has recently come back into favor, after seeing its earlier gains dissipate from January levels.

Indeed, ChargePoint’s valuation appears to fluctuate wildly alongside market expectations for the EV sector as a whole. This infrastructure bill is certainly a big deal for companies like ChargePoint. Besides the spotlight it shines on the future demand for EV charging stations, ChargePoint’s future economics could improve should the government tap this company for funds in the future.

With so many unknowns right now in the EV charging space, this stock is certainly one that’s hard to value. Accordingly, I’ve been on the sidelines with respect to CHPT stock. However, I can also understand the perspective that this is an intriguing option in this current climate right now. After all, investors are looking for sector-leading green plays right now, and ChargePoint is a company near the top of the list for many investors.

Top EV Stocks for Infrastructure: Ayro (AYRO)

An electric semi truck charging.Source: Scharfsinn / Shutterstock.com

Now, to a company many may not have heard of. Ayro is a Texas-based EV manufacturer focusing on the light truck and utility vehicles segment. It’s a segment that’s received a tremendous amount of attention of late, with rivals Ford (NYSE:F) and Rivian (NASDAQ:RIVN) making big splashes in this space.

However, the thesis among these commercial-grade vehicles is strong. As part of President Joe Biden’s infrastructure package, the modernization of various commercial vehicles is implicit in where some of the earmarked money goes. Accordingly, those bullish on growing demand among private companies seeking out green last-mile delivery vehicles may want to consider this stock.

Ayro is a company that’s been successful at raising money of late, recently completing two equity offerings. This is a company with what appears to be a decent balance sheet, and a niche market that is compelling right now. Accordingly, long-term investors looking for an infrastructure bill-related stock right now may want to take a look at Ayro.

Lithium Americas (LAC)

a group of connected batteriesSource: Shutterstock

For more of a picks and shovels way to play the growth among EV infrastructure-related stocks, lithium producers are among the top choices for investors right now. Indeed, lithium-ion batteries remain the gold standard for most EV companies presently. Experts suggest the amount of lithium needed to support this electrification trend will only continue to skyrocket over time.

As a leading lithium producer, Lithium Americas is one of the top companies I think represents a sneaky way to play the growth associated with this infrastructure bill.

The company’s Thacker Pass lithium mine in Nevada is an impressive prospective site. This mine is expected to be under construction next year. And all eyes are on what sort of grade and metrics the company will report here. Additionally, the company has its Cauchari-Olaroz mine, which is slated to produce by mid-2022.

Lithium Americas is also a company that’s been busy on the acquisition front, acquiring Argentina-based Millenial Lithium (OTCMKTS:MLNLF). For those looking to build out their exposure to this growth space, this is one mining option worth considering right now.

Top EV Stocks for Infrastructure: Albemarle (ALB)

Albemarle (ALB) logo on a mobile phone screenSource: IgorGolovniov/Shutterstock.com

Finally, we have Albemarle. Another lithium producer aimed at providing battery-grade lithium to support rising EV demand, Albermarle is another one of my top mining picks for investors to consider right now.

Lithium miners like Albemarle have absolutely skyrocketed over the past couple years. Since hitting pandemic lows, ALB stock has been better than a 5-bagger for investors who bought near the trough. That’s certainly some impressive growth.

Can this trajectory continue? Time will tell. However, Albemarle is certainly a lithium miner that’s positioned well.

The company’s expected to continue to pump out record earnings, given where the price of lithium is right now. Should this dislocation between supply and demand continue, there’s certainly the potential for significant earnings growth over the near- to medium-term. Longer-term, like all commodities, there will likely be an equilibrium found in the market, at some point. But for now, Albemarle remains a top pick of many EV infrastructure enthusiasts, for good reason.

On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.

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Author: Chris MacDonald

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Karora Resources Strengthens Board with Appointment of New Australian-based Director Shirley In’t Veld

TORONTO, Dec. 6, 2021 – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce the appointment…

TORONTO, Dec. 6, 2021 – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce the appointment of Shirley In’t Veld to its Board of Directors effective immediately.

Paul Andre Huet, Chairman and CEO of Karora said, “”I am pleased to welcome Shirley In’t Veld to Karora’s Board of Directors. The addition of Shirley’s extensive experience as a senior executive and director in the Australian mining, renewables and energy sectors to our team further strengthens our Board and is a strong endorsement of Karora’s position as a premier gold producer. In particular, her experience as a former Director of Northern Star Resources (an Australian gold producer with World class projects located in Australia and North America), her in depth knowledge of Western Australia, and expertise in ESG matters will be a tremendous addition to our Board. We look forward to benefitting from Shirley’s input as we continue to unlock the full potential of our Australian operations.”

Shirley In’t Veld has over 30 years of career experience in mining, renewables and energy sectors. She is currently a Director of Alumina Limited, NBN Co Limited (National Broadband Network Co.) and APA Group. She was formerly Deputy Chair of CSIRO (Commonwealth Science and Industrial Research Organisation), Director of Northern Star Resources Limited, Perth Airport, DUET Group, Asciano Limited and Alcoa of Australia Limited and a Council Member of the Chamber of Commerce and Industry of Western Australia. She was also the Managing Director of Verve Energy (2007 – 2012) and, previously, served 10 years in senior roles at Alcoa of Australia Limited, WMC Resources Ltd, Bond Corporation and BankWest Perth.

In 2014, Shirley was Chair of the Queensland Government Expert Electricity Panel and a member of the Renewable Energy Target Review Panel for the Australian Department of Prime Minister and Cabinet. She also served as a member of the COAG Energy Council Selection Panel, a Council member of the Australian Institute of Company Directors (Western Australia) and the SMART Infrastructure Facility (University of Wollongong).

About Karora Resources 

Karora is focused on doubling gold production to 200,000 ounces by 2024 compared to 2020 and reducing costs at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations (“HGO”) in Western Australia. The Higginsville treatment facility is a low-cost 1.6 Mtpa processing plant, expanding to a planned 2.5 Mtpa by 2024, which is fed at capacity from Karora’s underground Beta Hunt mine and Higginsville mines. At Beta Hunt, a robust gold Mineral Resource and Reserve is hosted in multiple gold shears, with gold intersections along a 4 km strike length remaining open in multiple directions. HGO has a substantial Mineral gold Resource and Reserve and prospective land package totaling approximately 1,900 square kilometers. The Company also owns the high grade Spargos Reward project which is anticipated to begin mining in 2021. Karora has a strong Board and management team focused on delivering shareholder value and responsible mining, as demonstrated by Karora’s commitment to reducing emissions across its operations. Karora’s common shares trade on the TSX under the symbol KRR and also trade on the OTCQX market under the symbol KRRGF.

Cautionary Statement Concerning Forward-Looking Statements

This news release contains “forward-looking information” including without limitation statements relating to the growth potential of the Beta Hunt Mine, the results of exploration and development work, liquidity and capital resources of Karora, production guidance and the potential of the Beta Hunt Mine, Higginsville Gold Operation, the Aquarius Project and the Spargos Gold Project.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Karora to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash operating costs, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Karora ‘s filings with Canadian securities regulators, including the most recent Annual Information Form, available on SEDAR at www.sedar.com.

Although Karora has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Karora disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

Cautionary Statement Regarding the Higginsville Mining Operations
A production decision at the Higginsville gold operations was made by previous operators of the mine, prior to the completion of the acquisition of the Higginsville gold operations by Karora and Karora made a decision to continue production subsequent to the acquisition. This decision by Karora to continue production and, to the knowledge of Karora, the prior production decision were not based on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, which include increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that anticipated production costs will be achieved. Failure to achieve the anticipated production costs would have a material adverse impact on the Corporation’s cash flow and future profitability. Readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.

www.karoraresources.com

SOURCE Karora Resources Inc.



Author: MikeyMike426

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Copaur Minerals Looks To Acquire New Placer Dome Gold In An All-Stock Deal

Copaur Minerals Inc. (TSXV: CPAU) announced on Friday evening a binding letter agreement stipulating its planned acquisition of all the
The post Copaur…

Copaur Minerals Inc. (TSXV: CPAU) announced on Friday evening a binding letter agreement stipulating its planned acquisition of all the issued and outstanding common shares of New Placer Dome Gold Corp. (TSXV: NGLD). The acquisition is expected to be settled in an all-stock deal.

The combination of the British Columbia-focused Copaur Minerals and Arizona-focused New Placer Dome Gold is said to “create a leading gold-copper exploration and development company with a portfolio of assets in two of North America’s foremost mining districts.”

Under the terms of the agreement, each New Placer Dome Gold share held will be exchanged for 0.1182 shares of Copaur Minerals, the ratio being a 55% premium on the 20-day average price of each company as of November 30, 2021.

The firm reported that after the transaction, New Placer Dome Gold will become a wholly-owned subsidiary representing 47% equity in Copaur Minerals and will be delisted from the TSX Venture Exchange. New Placer Dome Gold is also being proposed to get a minimum of two seats on the Copaur Minerals board, subject to the latter’s approval.

Currently, New Placer Dome Gold has approximately 170.4 million shares while Copaur Minerals has roughly 23.0 million shares.

In their latest quarterly financials dated September 30, 2020, Copaur Minerals recorded total assets worth $5.87 million and a net loss of $0.07 million while New Placer Dome Gold reported a total of $14.59 million in assets and a net loss of $0.08 million.

A concurrent financing by the two companies is in the pipeline as a condition to the transaction, with plans to raise gross proceeds of up to $15.0 million. Copaur Minerals will also lend New Placer Dome Gold $0.8 million in debt to fund the latter’s exploration work on the Bolo property. The loan is convertible to company units at $0.08 per unit at the sole discretion of Copaur Minerals.

The proposed transaction is expected to close in March 2022, subject to the approval of the shareholders of New Placer Dome Gold and customary regulatory approvals and closing conditions.

Copaur Minerals last traded at $1.16 while New Placer Dome Gold last traded at $0.085 on the TSX Venture. Trading for both shares has been halted since the announcement of the acquisition.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Copaur Minerals Looks To Acquire New Placer Dome Gold In An All-Stock Deal appeared first on the deep dive.




Author: ER Velasco

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Precious Metals

Top Silver Stocks To Watch In December

3 Silver Stocks For Your Watchlist…

3 Silver Stocks For Your Potential Watchlist

In recent times, the market for silver stocks has been fairly interesting to follow. Throughout the last year and a half, the price of silver assets has skyrocketed due to the pandemic. Many silver assets gained more in percentage terms than gold stocks. This drew a large number of new investors to the metal who had previously disregarded it.

The pandemic and market uncertainties have produced a level of volatility that has prompted some investors to reinvest in silver stocks. Silver stocks were also boosted as mainstream media reported that Reddit traders were pushing the metal’s price higher at the start of 2021. This drew a lot more attention to silver equities and, as a result, more investors.

So, why should you buy silver stocks? Silver, like gold, is an asset that people may own rather than money. When a metal is utilized more frequently by industrial enterprises, it tends to perform better. Fears of inflation are also affecting this industry right now, and no one knows what will happen in the end. So, plainly, there is a lot to consider if you are considering investing in silver stocks. Some people make an investment plan to pick which tickers to buy. With this in mind, let’s take a look at three silver stocks to keep an eye on right now.

Top Silver Stocks To Watch

Fortuna Silver Mines Inc. (NYSE: FSM)

Fortuna Silver Mines is a company that explores, extracts, and processes precious metals. The company is looking for reserves of silver, gold, zinc, and lead. Its main assets include the Cayloma and San Jose mines, as well as the Lindero Gold Project.

The business recorded a record third-quarter 2021 output of 87,950 gold equivalent ounces on October 12th. Its overall gold production in the quarter was 26,235 ounces, with 24,318 ounces in dore and a 1918 ounce gain in gold-in-carbon inventory. It produced 68,088 ounces of gold in the first nine months of 2021. This figure is consistent with the company’s revised annual outlook.

The company stated that “Gold production was 1,529 ounces, an increase of 12 percent over the third quarter of 2020. The increase in production is due to higher head grades located in the Animas NE vein. Gold production for the first nine months of 2021 totaled 4,712 ounces, which is above plan.” Will FSM be on your list of silver stocks to watch?

Endeavour Silver Corp. (NYSE: EXK)

Endeavour Silver Corp. is a silver firm that we have previously discussed extensively. This corporation acquires, explores, and develops land. Endeavour is working on mineral processing, refining, and reclamation. The majority of Endeavour’s key assets are in both Mexico and Chile. Endeavour’s mines are mostly used to mine silver and gold.

On December 2nd, the company announced that it has intersected high-grade silver-gold mineralization at its Guanacevi and Bolanitos operations. At its Guanacevi operations, it reported 1.97 gpt Au and 1,254 gpt Ag for 1,412 gpt AgEq over a 3.22 m ETW, and 4.36 gpt Au and 1,450 gpt Ag for 1,798 gpt AgEq over a 3.18 m ETW. At Bolanitos, Endeavour reported 8.08 gpt Au and 151 gpt Ag for 797 gpt AgEq over a 1.67 m ETW, and 1.26 gpt gold and 241 gpt silver for 342 gpt AgEq over a 0.96 m ETW.

CEO of Endeavour, Dan Dickson said, “We continue to see exceptional drilling results within the El Curso and the Santa Cruz Sur systems at our Guanacevi silver mine. We have been operating at Guanacevi for more than 15 years and these encouraging results support our view that we can continue to extend the mine life.” Will EXK be on your silver stock watchlist?

Harmony Gold Mining Company Limited (NYSE: HMY)

Harmony Gold Mining Company Limited is a mining stock that has been mentioned a lot on goldstocks.com in the past. This firm searches for, extracts, and processes gold, silver, copper, and uranium. It presently operates in South Africa and Papua New Guinea, both of which have proven to be profitable for the company.

The company’s earnings and revenues increased year over year in fiscal year 2021, according to the most recent release. This was owing to rising metal prices and the company’s rapid expansion. Given that Harmony hasn’t issued any updates in quite some time, it’ll be interesting to see what they have in store for their shareholders before the end of the year.

Best Silver Stocks In 2021?

It’s challenging to decide which silver stocks to buy. There are several factors to consider before investing in mining companies. However, completing an extensive study and selecting what is ideal for you will be quite beneficial throughout the process. Which silver stocks will you be keeping an eye on for the time being?

The post Top Silver Stocks To Watch In December appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

Author: Joe Samuel

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