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Best Mining Stocks To Buy In July? 3 To Watch

Mining stocks are in focus; here is 3 to watch right now…
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Mining stocks are in focus; here is 3 to watch right now

The sector for mining stocks has been growing significantly in the last year. This started when the pandemic took over the world back in 2020. This caused mining stocks to explode in value as material prices skyrocketed. Gold and silver among other metals achieved new record highs in the market. Often investors will turn to mineral resources when the dollar is slipping.

There are plenty of mining stocks that are increasing in value all the time. There are other types of companies in this sector too, not just gold and silver related. Lithium stocks have been very bullish in the market lately. This momentum is powered by the growth of electric vehicles. EVs use lithium-ion batteries, and production numbers are going up consistently every year. Copper stocks have increased for similar reasons, as hundreds of pounds of the metal are used in most electric vehicles.

When investing in mining stocks, it is helpful to look at the most recent updates that have come from a company. World news is also very important when investing in mining stocks. This has been clear in the last year when it comes to the sector. Some may think there isn’t room to invest in mining stocks or that it is too late, but many still have a lot of potential right now. Let’s take a look at three mining stocks that have market potential right now.

Top Mining Stocks To Watch

  1. Livent Corporation (NYSE: LTHM)
  2. SSR Mining Inc. (NASDAQ: SSRM)
  3. Great Panther Mining Limited (NYSE: GPL)

Livent Corporation (NYSE: LTHM)

Livent Corporation is a lithium stock that sells lithium compounds that are used in batteries. Its lithium compounds are used in battery-grade lithium hydroxide, and much more. The company also provides lithium phosphate, lithium carbonate, and more. In the last year, this mining stock has experienced a lot of positive momentum in the market.

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On June 30th, the company published its 2020 sustainability report. The President and CEO of the company Paul Graves said, “Despite the difficulties of the global pandemic, we made significant strides to advance our sustainability strategy and program, including setting bold new goals and improving our ESG performance and reporting in key areas. Our ongoing efforts are underpinned by the belief that the responsibility to operate in a safe, ethical, socially conscious, and sustainable manner is a fundamental obligation of our right to operate – and essential for the viability of our business.”

On Thursday, August 5th, 2021, the company will be releasing its second-quarter 2021 earnings. This is the next big date that investors of LTHM stock are looking forward to at the moment. On July 15th, the company’s stock price increased by 0.31%. Will you add LTHM to your list of mining stocks to watch?

SSR Mining Inc. (NASDAQ: SSRM)

SSR Mining Inc. is a stock that acquires land, explores it, develops it, and operates metal resource properties as well. Primarily, SSR will search for gold and silver deposits. Some of its projects include the Marigold mine that is located in Humboldt, Nevada, the Seabee Gold Operation in Canada, and the Puna Operations in Argentina.

SSR Mining has not released a lot of frequent updates recently. Yet still, SSRM stock price is going up in the market. On July 15th, SSRM stock increased by 1.72%. On August 4th, the company will put out a news release with its second-quarter consolidated financial results before the market opens. This is potentially when more momentum can be expected from SSRM stock. SSRM stock price has increased by nearly 3% in the last 5 days. So will SSR Mining enter your mining stock watchlist?

Great Panther Mining Limited (NYSE: GPL)

Great Panther Mining Limited is a mining penny stock that has shown positive market performance. The company’s primary focus is on mining and exploration operations. The minerals it looks for primarily are gold, silver, copper, lead, and zinc ores. Currently, it operates the Tucano gold mine, Guanajuato mine, among many others.

[Read More] Top Mining Penny Stocks To Watch

July 14th was a great day for Great Panther Mining, as it reported the resumption of mining in Tucano’s UCS pit and reported its second-quarter production results for 2021. President and CEO Robert Henderson stated, “I am pleased to report that mining of ore has resumed ahead of schedule in the Urucum Central South pit as the conditions affecting the stability of the west wall have improved significantly. The radar measurements of the west wall have shown a considerable reduction of movement compared to the earlier levels recorded over the past two months, and improved weather conditions are resulting in greater wall stability.”

In the last 5 days, GPL stock price has gone from $0.57 per share to $0.62 per share. The company’s stock price is not near the higher prices it achieved last year, but this is within reason. The company’s stock price grew as metals were reaching new record high prices. As the market is more stable than before, GPL stock is not skyrocketing like before. But due to its penny stock nature, GPL stock is much more unpredictable than your traditional mining stock. Keeping this in mind, will GPL make it on to your list of mining stocks to watch?

Hot Mining Stocks To Buy?

Buying mining stocks can be a difficult decision because of the sheer amount of companies out there. This is why doing proper research is essential, as it can help narrow down which company is best for your investment strategy. With this in mind, which companies are going to make it on to your mining stock watchlist in July?

The post Best Mining Stocks To Buy In July 2021? 3 To Watch appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

Energy & Critical Metals

Auroch Minerals kicks off lithium-caesium-tantalum sampling at Nepean Project

Special report: Multiple pegmatite intrusions have been identified throughout the project area, including at the historic Nepean nickel mine itself. ……

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Multiple pegmatite intrusions have been identified throughout the project area, including at the historic Nepean nickel mine itself.

Auroch Minerals has started the sampling process for lithium-caesium-tantalum (LCT) mineralisation at the Nepean Project in Western Australia.

Following the identification of multiple pegmatite intrusions throughout the project area, the company has now initiated sampling of the pegmatites from the diamond core, which will then be submitted for assaying for LCT mineralisation.

The abundance of pegmatites was also identified in the recently completed first diamond drill-hole into Auroch’s (ASX:AOU) Nepean Deeps target, which was designed to test for down-plunge extensions to the high-grade nickel sulphide mineralisation below the historic Nepean mine.

Hole NPDD008, part of the thick pegmatite intrusion below the historic Nepean nickel mine from 641.5-993m. Pic: Supplied

This drill-hole intersected 46m of komatiitic ultramafics over three lower intervals, which are highly prospective for nickel sulphide mineralisation, and also intersected around 700m of pegmatite intrusions, including one 350m thick pegmatite in the hanging-wall below the historic nickel mine workings.

‘Very promising Nepean Deeps nickel sulphide target’

AOU managing director Aidan Platel said there is significant potential across the company’s tenure at the Nepean Project for lithium-caesium-tantalum mineralisation within the many pegmatites identified.

“Our recently-completed maiden diamond drill-hole into the very promising Nepean Deeps nickel sulphide target has provided us with significant intervals of fresh pegmatite intrusions in drill core, and we have initiated sampling of these zones in order to test for potential LCT mineralisation,” Platel said.

“In parallel, the down-hole geophysical surveys of drill-hole NPDD008 are well underway, and we are excited to see what targets they will potentially define to be tested by the ongoing Nepean Deeps diamond drill program.”

Down-hole electromagnetics 

Down-hole electromagnetics (DHEM) and down-hole magnetometric resistivity (DHMMR) surveys are being completed on hole NPDD008.

The surveys are to test for any conductive units that may represent nickel sulphide mineralisation within a radius of approximately 100–150m from the drill-hole.

Results from these surveys in conjunction with the geological interpretation will be used to design the next drill-holes into the Nepean Deeps targets.

The surveying and subsequent modelling of results from the down-hole geophysical surveys are expected to be completed by early next week.

Background  

Pegmatites at the Londonderry prospect 6km north of the historic Nepean nickel mine have previously been mined for multiple commodities including lithium, tantalite and beryl.

Auroch holds the tenure around the Londonderry prospects, including on a northeastern trend which will be reviewed for pegmatites both at outcrop and in the previous limited drilling.

Regionally, Mineral Resources’ (ASX:MIN) large Mt Marion lithium mine is only 35km to the east.


 

 

This article was developed in collaboration with Auroch Minerals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions

The post Auroch Minerals kicks off lithium-caesium-tantalum sampling at Nepean Project appeared first on Stockhead.

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Energy & Critical Metals

Lucid Stock Languishes as Investors Wait to See Dreams Turn Into Reality

Lucid Group (NASDAQ:LCID) combined two of 2021’s hottest trends — electric vehicle startups and special-purpose acquisition companies. The problem…

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Lucid Group (NASDAQ:LCID) combined two of 2021’s hottest trends — electric vehicle startups and special-purpose acquisition companies. The problem was that by the time the company completed its reverse merger with Churchill Capital Corp. IV in late July, investor interest in both trends was significantly diminished. Still, LCID stock shot up as much as 20% on its first day of trading, to a high just above $29, before closing the day up 11%.

Source: ggTravelDiary / Shutterstock.com

By Sept. 1, though, shares had plummeted 40%. A quick rebound took LCID stock back up near its post-SPAC-merger highs. But selling over the past three weeks has wiped out any progress made since July.

However, Lucid began production on its first car for customers, the Air Dream Edition, in late September. The luxury sedan is a special edition of its flagship passenger EV that will cost $169,000. Deliveries are scheduled to begin by the end of the month.

Lucid’s focus on the luxury market is part of the reason why many see the startup as the first potential competitor to Tesla (NASDAQ:TSLA). A true rival to the OG of EVs would no doubt be enticing to investors, so let’s take a closer look at the company and where LCID stock might be heading. 

Lucid Putting Its Best Foot Forward

As I mentioned above, the first car to roll off the assembly line in Lucid’s Advanced Manufacturing Plant, called AMP-1, in Casa Grande, Ariz., is the luxury Dream Edition of the Lucid Air. In other words, Lucid has chosen to bring out the big guns first.

This top-of-the-line EV boasts impressive performance stats. Just a few weeks prior to the start of production, the Environmental Protection Agency released its official estimate for the Air Dream Edition’s range: 520 miles on a single full charge. Tesla’s Model S Long Range falls significantly short of that, with an estimated 405 miles per charge.

Standard in the Air Dream will be Lucid’s DreamDrive Pro, an advanced driver assistance platform. According to the company, “DreamDrive employs up to 32 on-board sensors, a multi-faceted driver-monitoring system, and lightning-quick on-board ethernet networking powering more than 30 features through a clear, user-friendly interface.” Its driver-assistance features include collision avoidance, adaptive cruise control and traffic jam assistance.

At present, the company plans to manufacture 520 of the Air Dream Edition models. (Does that number sound familiar?) By releasing its best vehicle first, I think Lucid is making a statement that it aims to attract customers away from higher-end Tesla S models. 

The company is expected to deliver the first Dream Editions to customers later this month. Production and delivery of  Lucid’s lower-tier EV models are expected to follow. The company says it has already received more than 13,000 reservations for its Lucid Air electric vehicles, with the entry-level version of its flagship sedan set to cost around $78,000.

Production Predictions 

Lucid CEO Peter Rawlinson recently said the firm will build a total of 577 vehicles this year. He also said the company is on track to meet its production targets of 20,000 vehicles in 2022 and 50,000 vehicles in 2023. 

Management has plans to expand the Arizona factory by 2.7 million square feet to help meet production goals. In addition to the Lucid Air models, the company said it expects to release its first electric SUV, called the Gravity, in late 2023.

Lucid’s reverse merger raised $4.4 billion for the startup, which Rawlinson said, “sees us through to the end of 2022.” So, the company will need to raise more cash to meet its 2023 goals. 

In other words, Lucid is depending on its early production vehicles to perform well. If that indeed occurs, the company should be able to raise further capital to produce 50,000 vehicles in 2023. The key word here, of course, is “if.”

The Bottom Line on LCID Stock

LCID stock did not get a boost on news that production had started. In fact, shares sit about 13% lower since the announcement. This leads me to believe any enthusiasm for the start of production was already baked into the price. I doubt we’ll see a price spike when deliveries begin either.  

There are currently three analysts with price targets on LCID stock. They range from $12 to $30, showing the wide schism in sentiment surrounding the stock.

A move to the high end of that range would represent a gain of more than 30% from current levels. But investors are likely to wait to see if the company can turn its dreams into reality before bidding shares much higher. 

On the date of publication, Alex Sirois 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.

Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.

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Energy & Critical Metals

Lotus snaps up Malawi uranium project for a song

Special Report: Lotus has expanded its uranium footprint in Malawi with the acquisition of the Livingstonia project that could quickly … Read More
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Lotus has expanded its uranium footprint in Malawi with the acquisition of the Livingstonia project that could quickly add to its existing resource base.

The company paid just US$25,000 for Livingstonia and its historical inferred JORC 2004 resource of 6 million pounds of uranium oxide, or a paltry price of less than 0.4c per pound of U3O8.

While work will be required to convert this resource to an industry standard JORC 2012 compliant resource, it highlights the potential for the project to become a satellite of the company’s flagship Kayelekera project just 90km away.

Lotus Resources (ASX:LOT) adds that there are multiple exploration targets across Livingstonia as historical drilling at its boundary had ended in mineralisation.

There are also a number of broader, yet sparsely drilled, zones of mineralisation that could host higher-grade offshoots from the existing resource given drill results such as 8m at 1,180 parts per million eU3O8 and 3.6m at 1,800ppm eU3O8.

“This is an extremely accretive acquisition for Lotus with the potential to increase our global mineral resource by 16% for less than $0.004/lb U3O8. More importantly, we have increased our landholding at the highly prospective, yet poorly explored Livingstonia region, to 187sqkm,” managing director Keith Bowes said.

“There are multiple walk up, drill ready targets across our Livingstonia tenements, including at the boundary of the Livingstonia resource where an airborne radiometric survey indicates mineralisation continues into our existing tenements.

“This area, as well as the high-grade intercepts previously reported, will be the basis of the first phase of exploration which will commence towards the end of this year.

“Other prospective targets, including Livingstonia North and Chilumba, will be tested in future exploration programs.”

Bowes added that in the event of exploration success, the company would carry out ore sorting test work on Livingstonia material in 2022 to determine if it could become a future satellite operation.

Livingstonia significant intercepts with trend extensions to the north. Pic: Supplied

Livingstonia project and upcoming work.

Livingstonia is located in northern Malawi about 90km southeast of the Kayelekera uranium mine.

It is hosted in the same Karoo-equivalent sedimentary sequence that hosts the main deposit associated with Kayelekera.

Livingstonia North, which is already held by Lotus, is situated directly along-trend of the Livingstonia uranium resource, with drilling at the northern end of the Livingstonia deposit supporting a continuation of mineralisation into Livingstonia North.

The airborne radiometric anomaly at Livingstonia is coincident with the resource and this anomaly continues into Livingstonia North.

A parallel radiometric anomaly also exists in Livingstonia North that may indicate additional mineralisation.

location lotus resources livinstonia project uranium
Location of the Livingstonia project. Pic: Supplied

The company plans to carry out ground-based exploration and sampling along the Livingstonia North trend as well as a reverse circulation drill program to test the extensions of the Livingstonia mineral resource and investigate the potential higher grade zones within the resource boundary.

It will also focus on completing the work required to update the historical resource to JORC 2012 standards.

 


 

 

This article was developed in collaboration with Lotus Resources, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Lotus snaps up Malawi uranium project for a song appeared first on Stockhead.

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