LAC stock exploded higher on September 28, 2020, as a sympathy play on the lithium deal Tesla inked with Piedmont Lithium.. Piedmont Lithium (PLL) announce that it has entered into a binding agreement with Tesla (TSLA) for the supply of spodumene concentrate from Piedmont’s North Carolina deposit to Tesla. Yesterday's jump came after the company announced a key federal permitting milestone was completed for its Thacker Pass lithium mining project in Nevada. Lithium Americas Corp. (TSX: LAC, NYSE: LAC) is advancing the Cauchari-Olaroz lithium brine project in Jujuy, Argentina and Thacker Pass lithium project in Nevada, USA to production. Lithium Americas (NYSE: LAC) +13.8% post-market after the U.S. Bureau of Land Management has issued the final approval for its Thacker Pass project in Nevada. In recent years ALB has launched operations in China and Australia. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. FMC is a good choice for investors looking for lithium exposure, but in the guise of a agricultural product maker that has been around since 1883. It operates various projects namely Cauchari-Olaroz lithium brine project in Jujuy, Argentina and Thacker Pass lithium claystone project in … ALB stock is up 58% in the past 12 months, yet its P/E, price to sales and price to book ratios still remain below the market average. Subsequently, the company said it would seek to raise $350 million in a new common stock offering.Â, Lithium Americas has priced the stock offering at $22 per share, representing an approximate 18% drop from Tuesday's closing price. The Thacker Pass project is estimated to contain 179 metric tonnes (Mt) of proven and probable reserves of lithium ore grading 3,283ppm Li. All rights reserved. Albemarle develops catalysts and reagents that create products that are used in the pharmaceutical, electronics, water treatment, paper and photographic industries, to name just a few. Lithium Americas soared 30% today after the U.S. Bureau of Land Management issued the final approval for its Thacker Pass project in Nevada. The goal of the spinoff was to make sure there was a management team focused solely on the lithium market, which is growing rapidly despite challenging times. Lithium Americas Corp. stock has also loss -7.26% of its value over the past 7 days. After soaring more than 30% on Tuesday, shares of lithium mining company Lithium Americas (NYSE:LAC) were down 18% as of noon EST Wednesday.Â, The volatility comes from a whirlwind of news. In his latest feat, Louis discovered the “Master Key” to profiting from, the biggest tech revolution of this (or any) generation, Louis Navellier and the InvestorPlace Research Staff, A Play on the Biggest Scientific Breakthrough of the Century, What Did the Stock Market Do? This isn’t a mining firm, but the next step up the chain, a specialty chemicals maker. Thacker Pass, located north of Winnemucca, Nevada, USA, is 100% owned by Lithium Nevada Corp. (“Lithium Nevada ”), a US corporation and wholly-owned subsidiary of Lithium Americas (LAC). exceptionally high purity) lithium products for use in battery materials. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. You just have to be patient and expect a fair amount of volatility along the way. It also has a $10 billion market cap, so this isn’t a small firm scrambling for business. “Thacker Pass has the potential to provide future sources of high-quality lithium chemicals critical for establishing a strong domestic lithium supply chain required to support a low-carbon economy.”. Cumulative Growth of a $10,000 Investment in Stock Advisor, Here's Why Lithium Americas Stock Crashed Today @themotleyfool #stocks $LAC, key federal permitting milestone was completed, Why Lithium Americas Stock Just Popped 10%, Why Lithium Americas Stock Skyrocketed 296% in 2020, Why Lithium Americas Stock Jumped 10% Today, Why Lithium Americas Stock Jumped 17% in November, Copyright, Trademark and Patent Information. It’s the pure play spinoff from FMC. VANCOUVER, British Columbia, Jan. 15, 2021 — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to announce that the United States Bureau of Land Management (“BLM“) has issued the Record of Decision (“ROD”) for the Thacker Pass lithium project (“Thacker Pass” or the “Project”) following completion of the National […] All rights reserved. Located in Nevada, Thacker Pass, the largest known lithium resource in the United States, is 100% owned by Lithium Nevada Corp., a unit … Lithium Americas previously said it plans to spend $400 million on the first phase of the Thacker Pass project, with initial output of 20,000 tonnes of lithium annually. It has 7 mining operations as well as 110 different customers on 5 continents. But its lithium operations are continuing to expand. The BLM, Lithium Nevada and ICF since have entered into Memorandums of Understanding that define the timeline and support the overall management of the EIS-development process.. Therefore, our target customers will be companies that make cathodes and electrolyte for lithium ion batteries. That’s an important factor in region where elections can swing wildly among political parties. Finding sources for lithium is a bit trickier. The Company trades on both the Toronto Stock … Copyright © There are a handful of places on each continent where it’s found in enough density that it’s worth major production investment. You see, lithium isn’t rare. While a separate company, the spinoff is still tied to FMC, wherein the CEO of FMC is Chairman of the new firm. Nevada. Let me explain. He has been investing since 1989 and been a Fool since 2001. Ganfeng Lithium owns the remaining 51%. Our strategy for Thacker Pass has always been to develop and improve the lithium-ion battery supply chain in the USA.” Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. It’s well diversified. Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. Conventional, continuous open-pit mining method using excavators and surface miners will be applied at the Thacker Pass project. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. But the fact is, it has a significant lithium portfolio if you’re looking for pure play on the element. But it’s potential for Gigafactory business is a real opportunity whether it’s acquired or simply a significant supplier. Thacker Pass, located north of Winnemucca, Nevada, USA, is 100% owned by Lithium Nevada Corp. ("Lithium Nevada"), a US corporation and wholly-owned subsidiary of Lithium Americas. Market data powered by FactSet and Web Financial Group. Its Thacker Pass property is already producing lithium sulfate from its production mine in Argentina as it goes through paperwork on its U.S. mining operations. It has a $14 billion market cap and its agriculture business is doing well as soybean and wheat demand from China grows once again. Returns as of 01/24/2021. Regardless, with the projects -- and the market itself -- not yet fully established, the stock remains a speculative investment.Â. Mining at Thacker Pass project. According to Statista, demand for lithium will more than double over the next 5 years to 820,000 tons. It’s pretty well distributed around the world but the problem is, it’s usually found in salt flats and otherwise widely dispersed. In 2018, FMC, a specialty chemical maker, spun off its lithium portfolio to create a pure play company, Livent. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Thacker Pass is 100% owned by Lithium Nevada Corp. (“Lithium Nevada”), a Nevada corporation that is a wholly-owned subsidiary of Lithium Americas. “The Thacker Pass project is being designed to process battery-grade (e.g. This is a speculative play at this point, but could be worth some risk capital. Because of South America’s large lithium reserves, SQM is a compelling addition to a lithium portfolio since it’s a local firm and has the support of the Chilean government. About Lithium Americas: Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, USA. If lithium demand continues as predicted, that premium will not be an issue. LAC stock surged 17% in after-hours trading on January 15, 2021, after the company announced that the United States Bureau of Land Management has issued the Record of Decision for the Thacker Pass lithium project. The stock is up 144% in the past 12 months, yet still trades at a P/E of 17. Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. The stock is up 28% in the past 12 months and it offers a 1.6% dividend. Meanwhile at the Thacker Pass lithium project in Reno, Nevada, Lithium Americas "has resumed full operations" at its Reno process testing facility and has already produced "over 15,000 kg … 5 Lithium Stocks to Buy for the Batteries of the Future, had an unconventional start, as a grad student who accidentally built a market-beating stock system — with, . Situated the country’s “Lithium Valley”, there’s the interesting possibility that TSLA, especially now that it’s stock price has soared and it has tons of cash, could buy LAC and vertically integrate the operation into it massive battery production plant. Article printed from InvestorPlace Media, https://investorplace.com/2020/09/5-lithium-stocks-to-buy-for-the-batteries-of-the-future/. The Bolivian salt flats are believed to be home to more than 70% of the world’s lithium. Copyright © 2021 InvestorPlace Media, LLC. 1125 N. Charles St, Baltimore, MD 21201. The stock … 2021 InvestorPlace Media, LLC. But significantly, the capital raise also comes at a share price level 75% higher than where the stock ended the final trading session of 2020.Â, The offering is expected to close on Friday, with the proceeds being used for the Thacker Pass lithium project and for general corporate and working capital, the company said.Â, The recent gains in the stock come as the company received the Record of Decision on the project from the U.S. Bureau of Land Management, opening up the path toward acquiring state permitting. See all stocks … It’s the 33rd most abundant element. Basically, LAC has two projects in Argentina and one in the U.S., in Nevada. Lithium Americas through a wholly owned subsidiary, Lithium Nevada, owns 100% of the Thacker Pass lithium project located in Nevada and the largest known lithium deposit in … VANCOUVER, British Columbia, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced today … Shares of Lithium Americas (NYSE: LAC) jumped by 40% early on Tuesday, before settling back to a gain of 29.7% as of 1:42 p.m. EST. Investing in this sector requires some discernment to pick the best names. Lithium Americas has priced the stock offering at $22 per share, representing an approximate 18% drop from Tuesday's closing price. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead. quotes delayed at least 15 minutes, all others at least 20 minutes. Before the spinoff, FMC’s portfolio was nearly the fourth largest lithium businesses on the planet, behind ALB and a few others. A broad-based chemical and mining firm that has been operating in Chile since 1968, SQM is one of the big players in lithium. The Thacker Pass project is operated by Reno-based Lithium Nevada Corporation, which is a wholly owned subsidiary of Vancouver, Canada-based Lithium Americas Corporation. Lithium Americas Closes US$400 Million Underwritten Public Offering VANCOUVER, British Columbia, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced today the closing of its previously announced underwritten public offering (the "Offering") of shares of its common stock (the "Common Shares"). This Canada-based mining company may be small — a $720 million market — but it offers a unique potential in this space. But extraction is complicated, so it’s expensive, dangerous and requires 500,000 gallons of water per ton of lithium. Lithium Americas is a Canadian resource company. Today's financing news should be considered good for shareholders who want the company to continue to invest for the potential from the mining projects. Do you remember where Tesla (NASDAQ:TSLA) has its Gigafactory? It came out of the gates strong trading above 18, but has bounced around since then and settled in around 9, with a $1 billion market cap. The stock has a $7 billion market cap and has several divisions, including fertilizers, iodine, potassium and industrial chemicals. The new breed of day trader can use this a lithium proxy and that makes it a bit more exposed to the whims of traders, rather than investors. The stock is up 48% in the past year, but given its size, it’s volatile. As demand for EVs increases and production grows, the need for safe, efficient energy storage will also grow. As you can see from its ticker symbol, Livent is all about lithium. This company will remain instrumental in the growing demand for EVs as well as numerous other products. Here are 5 lithium stocks to buy: These lithium stocks of the future have significant competitive moats that will help them to flourish as battery demand expands. 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