Click here to read the previous top Canadian lithium stocks article.
Lithium’s popularity has been rising for several years due to the energy storage revolution.
After an interesting 2020, many market watchers continue to be optimistic about the future of the metal, with the demand narrative getting stronger every day. Lithium stocks had a good start to the year, 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 July 6, 2021, using TradingView‘s stock screener. Only companies with market caps above C$10 million are included.
1. Wealth Minerals (TSXV:WLM)
Current share price: C$0.35; year-to-date gain: 311.18 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. Vision Lithium (TSXV:VLI)
Current share price: C$0.13; year-to-date gain: 285.71 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.
3. Rock Tech Lithium (TSXV:RCK)
Current share price: C$5.22; year-to-date gain: 208.88 percent
Aiming to be one of the first lithium hydroxide producers outside of China, Rock Tech Lithium is pursuing a two pillar approach that includes the production of sustainably sourced spodumene feedstock at its Georgia Lake project in Ontario and the construction of a lithium hydroxide converter in Europe.
At Georgia Lake, lithium mineralization was discovered in 1955 and subsequently explored by several historic owners. Rock Tech acquired the licenses in 2009 and carried out several drill campaigns until 2017. In 2018, the company published a preliminary economic assessment and is now moving forward to the feasibility stage.
4. Global Battery Metals (TSXV:GBML)
Current share price: C$0.36; year-to-date gain: 200 percent
Vancouver-based Global Battery Metals currently has two projects: an option to acquire up to 90 percent of the North-West Leinster lithium property in Ireland, and a 55 percent stake in the Peru-based Lara copper property, which has over 10,000 meters of drilling.
At North-West Leinster, the company is focused on exploration for lithium mineralization (spodumene pegmatites) in the north of the Leinster Massif in Southeast Ireland. The project area is covered by 15 prospecting licences termed the North-West Leinster Block, which covers a total area of 477.39 square kilometers. The company also holds an interest in the Lithium King property, which is a prospective lithium-bearing brine aquifer located on the west side of the Great Salt Lake Basin in Western Utah.
5. E3 Metals (TSXV:ETMC)
Current share price: C$1.88; year-to-date gain: 118 percent
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.
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.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Rock Tech Lithium is a client of the Investing News Network. This article is not paid-for content.
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