Top 5 Ways to Trade a Massive Shortage of Lithium

There’s just not enough lithium to meet growing demand. In fact, if the world can’t fix the supply-demand gaps for lithium, it’s tough to imagine any net zero transitions. According to the CEO of the International Council of Metals and Mineral Mining, Rohitesh Dhawan, as noted by Sky News, "We can see quite a large mismatch between demand and supply. We currently produce around 400,000 tonnes of lithium annually. By 2030, that's likely to (need to) jump to around two million tonnes,” adding, “At the moment about half of global lithium demand comes from the electric vehicle market… by 2030, 80% of global lithium demand will come from the electric vehicle market because we need to electrify our transport fleet that quickly.” Until we have enough lithium supply to meet explosive demand, prices are likely to accelerate higher, and send related lithium stocks to higher highs, including E3 Lithium (TSXV: ETMC) (OTC: EEMMF), Albemarle Corporation (NYSE: ALB), Lithium Americas (NYSE: LAC) (TSX: LAC), American Lithium Corp. (TSXV: LI) (OTC: LIACF), and Piedmont Lithium (NASDAQ: PLL).

Look at E3 Lithium (TSXV: ETMC) (OTC: EEMMF), for example.

E3 Lithium, Alberta’s leading lithium developer and Direct Lithium Extraction (DLE) technology innovator is pleased to announce it has been granted its licence for the first brine production well in Alberta for the purpose of evaluating lithium. The well will be completed in E3’s Clearwater Project area, east of the Town of Olds, Alberta. E3 anticipates the start of drilling to occur before the end of June and anticipates completing the drilling operation by mid-July.

The brine production well will provide critical data such as brine chemistry, lithium concentrations and reservoir characteristics of the Clearwater Project area. E3 will use the data collected to support the upgrade of its resource to Indicated and Measured, which will be the basis for a Pre-Feasibility Study (PFS). The purpose of the planned drill program is to provide additional data to the Aquifer Management Plan and assist in defining the commercial production network area. The Company plans on completing and testing a total of three wells.

“We are very excited about this licence as it marks the first ever well drilled in Alberta specifically targeting lithium evaluation,” said Chris Doornbos, CEO of E3. “For our company, this represents the next step in our path to commercialization and producing high quality, EV-ready lithium. This licence is a direct result of the Alberta government’s passing of Bill 82 and we are proud to be leading this emerging industry that supports the diversification of Alberta’s economy and the energy transition.”

Other related developments from around the markets include:

Albemarle Corporation, a leader in the global specialty chemicals industry, announced the release of its annual global Sustainability Report. "Albemarle plays an important role in combating climate change, enabling the energy transition and supporting safe and sustainable advancement of electrification and digitalization," said Albemarle CEO Kent Masters. "Sustainability is core to our long-term strategy. Our Sustainability Report highlights progress, commitments, and successes we realized in 2021 on a global scale as we continue to add value for all our stakeholders through our sustainability efforts." Last year, Albemarle began executing its climate strategy and the company is on track to meet or exceed initial sustainability targets for GHG emissions and freshwater intensity. This year's report includes 2021 actions such as the procurement of renewable energy in the U.S. and the Netherlands and construction completion of a $100 million thermal evaporator in Chile. Albemarle also engaged PricewaterhouseCoopers LLP to provide independent assurance of scope 1 and 2 GHG data.

Lithium Americas has entered a Pastos Grandes Technical Collaboration Agreement with Arena Minerals Inc. The intention of the Collaboration Agreement is to share technical information and explore opportunities for collaborating on potential development alternatives with the overall objective of optimizing the production profile of the Pastos Grandes basin. “Building our relationship with Arena Minerals is an indication of our commitment to expand and further develop our production profile in Salta, Argentina,” commented Ignacio Celorrio, President, Latin America of Lithium Americas. “Arena’s Sal de la Puna project is adjacent to our recently acquired 100%-owned Pastos Grandes project, and together, we will collaborate to develop the basin in the most sustainable and efficient way for all stakeholders.”

American Lithium Corp. confirmed that it has signed an agreement to acquire additional concessions in Southern Peru. In addition, it has entered into agreements relating to public relations and marketing activities. The Company, through its Peruvian subsidiary, Macusani Yellowcake S.A.C., has entered into a mining rights transfer agreement with an arms-length third-party, pursuant to which it will acquire the rights to a series of mining concessions covering approximately 14,243 hectares in Southern Peru. The Concessions are highly prospective and will further broaden the Company’s existing asset base and operations in Peru.

Piedmont Lithium, a leading, diversified developer of lithium resources required to enable the U.S. electric vehicle supply chain, announced that Piedmont’s partner, Sayona Mining, recently published a prefeasibility study or the restart of spodumene concentrate operations at the North American Lithium Project in Quebec. The NAL PFS contemplates average annual production of approximately 168,000 tonnes per year of 6% spodumene concentrate over a mine life of 27 years. The NAL Study highlights estimated competitive cash operating costs and an estimated capital cost for the mine and concentrator restart of approximately US$80 million. Piedmont and Sayona acquired the previously-producing NAL operations in August 2021. Following the positive results of the NAL Study, the partners expect to proceed with full capital expenditure authorization. According to Sayona’s study results, operations could recommence in the first half of 2023.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for E3 Lithium by E3 Lithium We own ZERO shares of E3 Lithium. Please click here for full disclaimer.

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