![Lithium Salt Flats [credit: NYTimes]](http://www.getmoneyenergy.com/wp-content/uploads/2009/09/lithium-salt-flats.jpg "Lithium Salt Flats [credit: NYTimes]")
Bolivia is probably more well known for its lithium deposits than Canada is, but there’s still a lot of lithium potential in the northern hemisphere, as well. Whether you’re a metals speculator or penny stock fan, there’s lots of choice in Canada, especially in Quebec. Here’s a selection of a few companies to get you started in your research.
Lithium Exploration and Production Companies in Canada
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Western Lithium Canada Corporation (TSXV: WLC) – Market Cap: $65.3 million.
Canada Lithium Corp. (TSXV: CLQ) – Market Cap: $63.3 million. *penny stock*
Lithium One Inc. (TSXV: LI) – Market Cap: $49.0 million.
Jantar Resources/ Ultra Lithium (TSXV: ULI) – Market Cap: $9.4 million. *penny stock*
First Lithium Resources Inc. (TSXV: MCI) – Market Cap: $4.9 million. *penny stock*
Note that these companies are all on the TSX Venture Exchange (TSXV) which means that these are junior or early-stage companies that have yet to “graduate” to the senior equities market which is the TSX. And, of course, none of these will pay dividends. Also note that all of these companies have negative earnings per share, which means they are not the most profitable games in town yet.
Needless to say, these are not stocks for the average portfolio. You should probably be a money manager or very experienced speculator to lay down any money on these – unless, of course, you’re just a stock hobbyist and you like to play the markets in your spare time. I’d also recommend doing some research on the lithium industry, its uses, the sector history and what growth prospects look like going forward. We’ve recently seen what a big run-up in gold prices can do to gold penny stocks. That kind of speculation could pay off in Lithium, too.
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{ 13 comments }
I would like to buy stock on the lituim,show me how to doit send me information
Would like updates on Lithium mining developments , Stock prices etc.etc. in canada and elsewhere ,eg. South America ,as they become available , with thanks C.L.F.
thanks for the comments – I’ll look to update this information shortly.
Personally I would avoid the companies with hard rock lithium properties, they just arent economical. Its the companies with low cost, quick to production lithium brine properties that I would stick with. Companies like PL.v and RM.v are the best bets in my speculative opinion. PL has some Chilean lithium salars as well as a very interesting project in Mexico. RM has salars in Argentina as well as a property in Nevada surrounding the only producing lithium operation in North America.
New Emerging lithium Company, this project has defined sources of lithium from drilling and has succeed in completing bench tests addressing metallurgy. Located in Nova Scotia the source is at surface with road access and power to the property. PHE.v has signed a LOI to aquire the project.
I have Lithium & uranium
mining claims utah 435 438 2628
Mineral Hill is a lithium play. Don’t know much about it but kinda looks interesting.
We own LIT-v (Salares Lithium) and LAT-v (Latin America Mining – as a backdoor to the upcoming IPO for Lithium America) Salares has over 119,999 HA over 7 salars in Chile and TEM is showing substantial deposits there.
check out ESO Uranium. ESO-V ( Tsx venture exchange)
Its a Lithium, Uranium and Gold play
2010 may be a great year for this cpmpany!
Hype posits electric cars. EC replaces biofuels which depended on subsidies to override lousy overall energy efficiency. Obama, the lawyer may fall for it (again) as he does not understand technology, only rhetoric. OK, maybe a few ageing yuppies might buy an EC but will a truck delivering oranges from Florida be powered by batteries, hybrids, fuel cells or any other alternative? If not trucks, why would any family with only one car, buy one of these self limiting machines? Will a soccer mom with a load of kids take a chance on running out of power miles from a recharging station? Electric cars = vanity plates. Next few years, bottom will drop out and we will find that the real problem is not car engines but suburbs and subsidies. Fix that and leave toxic lithium where it belongs – in the ground.
It’s lithium business is not presently prospering due to new, low priced Chinese competition, the incipient global depression that is reducing sales of consumer electronics that use lithium batteries, and the new low price of oil that puts lithium powered cars on hold for a while. Nonetheless, a substantial part of SQM’s current capital budget includes funds to expand its lithium production by 25%. That could also prove a depressant to lithium prices in the short term.
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Why buy a Battery Car? I drive a 12 year old Citron 2.0 L Turbo Diesel and average 60 Plus MPG. Very comfortable to drive seats 5 and cruises @ 70 plus. @ about 2200 rpm. What more could you ask for? Why do North American car manufactures not sell their turbo diesels in America? They have lots of them in EU and UK. Ford have some great TDCI models over here in UK and they don’t have to take a back seat to those 2 German brands! Most owners I talk to say their milage is better too.
Lithium. If lithium is used to produce glass products, will more be need to produce
solar panels and other tech-energy products used in homes and business with an eye to global warming?
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