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

.
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.

If you found this article interesting or useful, please share it on sites like Twitter, StumbleUpon or Reddit.  Also, please grab my RSS feed for free updates and get posts like these delivered right to your reader or by email.  You can also follow me on Twitter.

• Best Canadian Stocks for Americans To Invest In
• Outlook for Canadian Stocks in 2010
• Top 10 Largest Global Gold Mining Stocks
• Bullish on Nat Gas? Check Out These Canadian Natural Gas Stocks and ETFs
• Investing in Dollarama, Canada's First Publicly-Traded Dollar Store Begins Trading This Week

• Piqqem: Crowdsourcing Stock Picks
• Learn to Invest Money: Free Global Market Opportunities Technology Stock Picks (April 19 2006)
• Network Marketing - Six Figures With The Perfect Business
• CFS Studios - Full Internet Marketing Services
• The Weakening Dollar - II

Tagged as: Canada Lithium, Canadian mining stocks, Canadian resources, First Lithium Resources, Jantar Resources, lithium Canada, lithium mining, Lithium One Inc., lithium production in Canada, metals, mining, mining stocks, top lithium companies in Canada, Ultra Lithium, Western Lithium Canada