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Top Battery Metals Stocks on the TSX and TSXV

What are the top battery metals stocks? INN looks at the battery metals companies with the biggest year-to-date gains in 2021.
The post Top Battery Metals Stocks on the TSX and TSXV appeared first on Investing News Network.

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Battery metals such as lithium, cobalt and graphite are essential to the lithium-ion batteries used to power electric cars, with demand expected to increase in the coming decades.

As the energy revolution continues to unfold, automakers are becoming increasingly aware of the need to secure these raw materials in order to accomplish their ambitious electrification goals.

For investors interested in jumping into the battery metals space, we’ve gathered the top battery metals stocks on the TSX and TSXV with year-to-date gains, including lithium, graphite and cobalt companies and with a special mention to companies focused on nickel.

 

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All companies have market caps above C$10 million; data was obtained from TradingView on April 5, 2021, for lithium, cobalt and nickel stocks, and on April 13, 2021, for graphite stocks.

Top battery metals stocks: Lithium

1. Vision Lithium (TSXV:VLI)

Current share price: C$0.24; year-to-date gain: 585.71 percent

Junior miner 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.

2. E3 Metals (TSXV:ETMC)

Current share price: C$2.90; year-to-date gain: 237.21 percent

E3 Metals’ lithium resource is located below surface in depleted oil reservoirs in Alberta that are full of lithium-enriched brine. The company has a lithium resource of 7 million tonnes of lithium carbonate equivalent, hosted in the world-class Leduc Reservoir, which covers only a third of the company’s permit area in South-Central Alberta.

Alberta-based E3 Metals not only combines a significant resource in an established local industry, but also holds its own proprietary direct lithium extraction technology.

3. Wealth Minerals (TSXV:WML)

Current share price: C$0.31; year-to-date gain: 244.44 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 largest and highest-grade 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.

 

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Top battery metals stocks: Cobalt

1. Fuse Cobalt (TSXV:FUSE)

Current share price: C$0.13; year-to-date gain: 225 percent

Fuse Cobalt, formerly LiCo, has ownership of the Teledyne and Glencore Bucke projects, two cobalt properties located in Canada’s historical Cobalt Camp in Northern Ontario.

Fuse’s Glencore Bucke property, subject to a back-in provision, a production royalty and an offtake agreement, consists of 16.2 hectares and sits along the west boundary of Fuse’s Teledyne cobalt project. The company owns a 100 percent interest, subject to a royalty, in the Teledyne project, which consists of 785 hectares of land and is also located near Cobalt, Ontario.

2. Surge Battery Metals (TSXV:NILI)

Current share price: C$0.20; year-to-date gain: 150 percent

Mineral exploration company Surge Battery Metals is focused on projects located in mining-friendly jurisdictions of North America.

The company has signed an option agreement with Fuse Cobalt to earn a 60 percent interest in its two principal cobalt properties, the already mentioned Teledyne cobalt property and the Glencore Bucke cobalt property. Aside from these cobalt-focused assets, the company has entered into a polymetallic property option agreement to acquire a 100 percent interest in seven mineral claims known as Caledonia, Cascade and Bluebell, subject to a net smelter royalty of 1 to 2 percent.

3. Fortune Minerals (TSX:FT)

Current share price: C$0.18; year-to-date gain: 125 percent

Fortune Minerals is developing its NICO cobalt-gold-bismuth-copper project, located in Canada’s Northwest Territories. The goal is for bulk concentrate from NICO to be shipped to a planned metals processing plant in Saskatchewan. The company is positioned to become a Canadian producer of battery-grade cobalt chemicals with gold and bismuth co-products.

The company also holds the Sue-Dianne copper-silver-gold deposit and other exploration projects in the Northwest Territories.

 

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Top battery metals stocks: Graphite

1. NextSource Materials (TSXV:NEXT) 

Year-to-date growth: 344.44 percent; current share price: C$0.40

Toronto-based NextSource Materials is a mine development company in the final development stage at its 100 percent owned Molo graphite project in Southern Madagascar. The Molo project is a fully permitted, feasibility-stage project and is the only project with SuperFlake graphite.

2. Gratomic (TSXV:GRAT) 

Year-to-date growth: 317.65 percent; current share price: C$1.42

Exploration and advanced materials company Gratomic has two graphite projects: Aukam in Namibia and Buckingham in Quebec. The company has two offtake deals for Aukam, which covers a historical vein graphite mine, and is solidifying plans to micronize and spheronize graphite from the asset.

3. Lomiko Metals (TSXV:LMR) 

Year-to-date growth: 209.09 percent, current share price: C$0.17

Lomiko Metals is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy. It owns 100 percent of the La Loutre graphite property and 20 percent of Promethieus Technologies.

 

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Top battery metals stocks: Nickel

1. Canada Nickel Company (TSXV:CNC) 

Current share price: C$3.39; year-to-date gain: 74.74 percent 

Canada Nickel Company is advancing its 100 percent owned Crawford nickel-cobalt sulfide discovery, which has large-scale potential and is located in the Timmins mining camp adjacent to major infrastructure. Canada Nickel has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt and NetZero Iron, and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt and iron products.

2. North American Nickel (TSX:NAN)

Current share price: C$0.26; year-to-date gain: 70.97 percent 

North American Nickel is a mineral exploration company with 100 percent owned properties in Maniitsoq, Greenland, and Ontario, Canada. In 2019, the company became a founding shareholder in Premium Nickel Resources, a private Canadian company whose goal is to provide direct exposure to nickel-copper-cobalt opportunities in Southern Africa.

3. Noble Mineral Exploration (TSX:NOB)

Current share price: C$0.14; year-to-date gain: 64.71 percent 

Noble Mineral Exploration has interests in Canada Nickel Company, Spruce Ridge Resources (TSXV:SHL) and MacDonald Mines Exploration (TSXV:BMK,OTC Pink:MCDMF), and in the Holdsworth gold exploration property in the area of Wawa, Ontario. In addition, the company holds approximately 72,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario.

Don’t forget to follow us @INN_Resource for real-time updates! 

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

Editorial Disclosure: E3 Metals, Fortune Minerals, NextSource Materials, Gratomic, Lomiko Metals, Canadian Nickel Company, Noble Mineral Exploration, MacDonald Mines Exploration and Spruce Ridge Resources are clients of the Investing News Network. This article is not paid-for content.

 

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Energy & Critical Metals

Hyliion’s Unique Bet on the Future of Trucking

Hyliion (NYSE:HYLN) is one of the flood of electric vehicle (EV) SPACs that emerged over the past year. HYLN stock, like its peer group, has also had a…

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Hyliion (NYSE:HYLN) is one of the flood of electric vehicle (EV) SPACs that emerged over the past year. HYLN stock, like its peer group, has also had a rough run in 2021 after the initial price spike.

Source: Muratart/Shutterstock.com

Unlike most of the EV companies, however, Hyliion has a unique vision. Rather than aiming to build its own EV brand from the ground-up, Hyliion is working on niche solutions to enhance the already-existing trucking industry. It aims for incremental improvement rather than reinventing the wheel.

So, will Hyliion’s new approach find commercial success?

Hyliion’s Products

Currently, Hyliion is working on a few different items to improve trucking efficiency. The company makes powertrains, which can be added to trucks. These are intended to capture power as a vehicle rolls downhill. That retained power charges a battery, which can help assist the vehicle once it needs energy again. However, the high $25,000 sticker price for HYLN’s product counteracts the fuel savings; so far, demand has been limited.

Hyliion is also working on battery packs. However this is a competitive field where it may not have a significant advantage.

The firm’s most promising item is the Hypertruck ERX. This is a unique product. It offers a truck a dual-powered system that runs on both a battery and a natural gas engine. For shorter-trips, it goes purely off the electric battery, offering clean emission-free driving. It has built-in features such as regenerative braking to help conserve and maximize power from the existing battery as well.

Once the vehicle goes beyond its range, however, it switches to using the on-board natural gas engine. Natural gas is much cleaner than diesel. Historically, it’s also been much cheaper, though that’s currently under question given the ferocious rally in natural gas prices over the past few months. Regardless, historically, there’s been a considerable amount of interest in using natural gas for trucking.

A combination natural gas/battery engine could be a best-of-both-worlds solution. It offers many of the efficiency and environmental benefits of electric, while having a much larger range thanks to the natural gas backup. Additionally, it gives trucking companies a relatively simple way to improve their business and improve their environmental profile without having to totally overhaul their whole fleet.

Is There Demand for This Solution?

There’s a bearish talking point on HYLN stock is worth considering. Simply put, there are dozens if not hundreds of companies in the EV space, with many of them focusing on trucking in particular. Yet Hyliion is the only one—or at least the only public one—pursuing this sort of hybrid approach.

Thus, one can reasonably suggest that Hyliion’s solution simply isn’t that promising . The existing trucking industry has operated as it has for decades. It may take a total rethinking of trucking from the ground up to disrupt the existing supply chain. Even if Hyliion can produce incrementally better results, that may not be enough to move the needle.

More broadly, there is a dilemma so many SPAC firms find themselves in. They have little in the way of profits or even recurring revenues yet. So, investors have to believe in the story to maintain their confidence in the firm. That certainly applies to HYLN stock, which has generated minimal revenues up to this point. The company does have a decent balance sheet and a number of pre-orders. Still, it will take more time to see if Hyliion can convert its potential into tangible results.

HYLN Stock Verdict

Hyliion is doing something different. You can argue that either way. Bears say no one else is pursuing this path because it is unlikely to garner much commercial interest. And that’s a fair argument.

On the other hand, there are way too many generic EV companies with a spiffy-looking prototype vehicle and little else. You might have better odds taking a chance on a company that is trying to advance a practical—albeit less flashy—solution to a widespread problem.

Hyliion lacks a lot of glamour you’d find in other EV companies. Relying partly on natural gas fails to check certain environmental, social and governance (ESG) boxes as well. However, if the company can deliver on its promises in terms of efficiency and cost savings, that other stuff shouldn’t matter too much. Hyliion still has to prove out that potential commercial demand. But the concept makes a lot of sense, and the valuation isn’t too demanding at this price, either.

On the date of publication, Ian Bezek 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.

Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.

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Energy & Critical Metals

Cypress Development kickstarts its pilot plant program

 
Cypress Development (CYP.V) has completed the assembly of the pilot plant which will be used to test the metallurgical characteristics of the Clayton…

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Cypress Development (CYP.V) has completed the assembly of the pilot plant which will be used to test the metallurgical characteristics of the Clayton Valley Lithium project in Nevada. The outcome of the pilot plant program will be very important as Cypress will be testing the use of a chloride-based leaching process in combination with the Chemionex-Lionex process for direct lithium extraction.

This approach worked on a smaller scale basis and the pilot plant program could be seen as the moment of the truth. The flow sheet seems to make sense, and could perhaps mean a breakthrough for clay-hosted lithium projects as the sector will for sure be moving towards a ‘cleaner’ approach to recover the lithium versus the classic acid leaching processes. A successful outcome will further de-risk the project, and the subsequent feasibility study may show superior economics if the company uses a slightly higher lithium price compared to the PEA and PFS studies. Keep in mind the current market price for lithium carbonate exceeds $20,000 per tonne and if that price would have been used in the PFS, the NPV of the Clayton Valley project would have been substantially higher.

The pilot plant programme comes very timely as this appears to be the right time to consider developing a lithium project in North America as the economics will for sure be underpinned by a strong lithium price.


Disclosure: The author has a long position in Cypress Development. Cypress is a sponsor of the website. Please read our disclaimer.

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The UK records a 1.1GW increase in renewable PPAs

According to Cornwall Insight’s ‘Renewable PPA market share report’, the market for renewable PPAs is showing increased capacity despite challenges…

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According to Cornwall Insight’s ‘Renewable PPA market share report’, the market for renewable PPAs is showing increased capacity despite challenges in the sector.

In fact, Cornwall Insight assessed a total of 30,710 MW of renewable PPA capacity, a 1,190MW increase from the company’s previous report, which assessed capacity as of September 2020.

Below is a graph that highlights the publicly announced capacity since August 2019. It also shows that the majority of this new capacity came from projects commissioning under the Contracts for Difference (CfD) scheme. As of March 2021, Cornwall Insight identified 905 MW of active CfD capacity signed to a PPA, with a further 3.7 GW of capacity signed to PPAs but not yet operational.

Lee Drummee, Analyst at Cornwall Insight, said: “Corporate Power Purchase Agreements (CPPA) have been increasing in recent years as the market matures and generators seek alternative routes to market to use subsidies. In addition, since the Renewables Obligation and Feed-in Tariff schemes closed to new capacity there has been a gap in the market for generators outside of the CfD, with CPPAs becoming increasingly crucial for generators looking to secure revenues for projects. Similarly, CPPAs have become an effective way for businesses to prove their green credentials.

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“The majority of CPPAs that we have identified have been signed with new-build subsidy-free projects, with solar PV and wind the preferred technologies akin to a more positive attitude from the public towards these asset types, as well as their levelised cost advantages.

“The length of CPPAs analysed in the report varies considerably, ranging between 4 and 25 years, with the most common deal lengths being 10 and 15 years. The longer-term deals tend to be signed with new build projects, needing greater revenue security to develop.

“While subsidy-free PPAs have been more common with corporate buyers, subsidy-free deals between utilities and generators have gained traction. Since we actively began to track these deals in August 2019, we have identified PPAs for 3.8GW of new build capacity. Whilst the vast majority (2.5GW) is with CfD assets. Large portions are also made up of subsidy-free CPPAs (890MW) and subsidy-free utility PPAs (420MW). Over the same timeframe, approximately 2.1GW of existing assets signed new PPA deals, with 1.9GW being signed with a utility offtaker and just 120MW purchased by a corporate buyer.

“While liquidity in the long-term PPA market seems to have improved, right now, developers will be weighing up their options between CfD Allocation Round 4 and alternative routes to market such as utility PPAs and CPPAs.

“Away from PPAs for new build assets, we noted that activity in the short-term PPA market has been buoyed by the continued rise in power prices with competition levels remaining high. However, recently levels of volatility in the wholesale market are creating a different set of challenges, often making fixed priced deals more challenging to offer.”

The post The UK records a 1.1GW increase in renewable PPAs appeared first on Power Engineering International.

Author: nicholasnhede

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