Lithium is the energy source of the future. It is a crucial component in the creation of compact, powerful batteries. Lithium batteries are necessary for electric vehicles (EVs), and analysts predict that global EV sales will rise 57% in 2022 compared to the previous year.

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Lithium metal prices have skyrocketed due to the rapidly increasing demand for EV batteries. Lithium's price has increased fourfold in the 12 months leading up to September 2022, and it would be even higher if the U.S. dollar hadn't appreciated so much.

E3 Lithium

The goal of E3 Lithium, a lithium resource and technology company, is to produce lithium products to boost the expanding electrical revolution. With its headquarters in Alberta, E3 Lithium's Clearwater Project is being developed on the foundation of the established and advanced oil industry, which will enable the Company to propel its development. According to E3's Preliminary Economic Assessment (PEA), the Clearwater Project has a USD $820 million Net Present Value (NPV8%) after taxes and a USD $1.1 billion Net Present Value (NPV8%) prior to taxes. IRR for the project is 27% after taxes and 32% before taxes.

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E3 Lithium (E3) is on track to begin operations of the pilot plant in Q3 2023, thanks to significant progress made in 2022. With a goal of commissioning equipment on site this summer, E3 is currently finishing up the plant's final engineering, design, and construction plans. The larger-scale Li-IX technology for direct lithium extraction will be put to the test in the pilot plant under actual operating circumstances. The commercial design can be significantly de-risked at pilot scale by demonstrating Li-IX technology, which is an essential first step in maximizing the value of E3's 24.3 million tonnes of inferred lithium resources.

Fundamentals 

The company has $17.1M in cash and cash equivalents for no debt. The company trades for around $2.40, and witnessed a 52-week range variating between $1.59 to $2.91. E3 Lithium issued 60.3M shares and has 4.5M warrants which could return $6.8M if all are exercised. 

Nevada Sunrise Metals

Nevada Sunrise Metals Corp. ("Nevada Sunrise", TSXV: NEV, OTC: NVSGF) is an exploration company for gold, lithium, copper, and cobalt. It currently has a portfolio of exploration projects in Nevada, USA, including two lithium projects, one gold project, one copper project, one cobalt project, and one lithium project.

The company declared that the Phase 2 drilling program had resumed at its fully-owned Gemini Lithium Project in Nevada's Esmeralda County's Lida Valley basin. Drilling for the second Phase 2 started in the second week of January 2023 after the first Phase 2 hole, GEM22-03, was finished in December 2022. On the northwest side of hole GEM22-02, at a distance of 0.73 miles (1.17 kilometers), borehole GEM23-04 is aiming for a strong conductive anomaly. It is intended to test the Gemini basin's deepest portion, which will likely reach a depth of 2,000 feet (609.75 meters).

The company in numbers: 

The company issued 97.3M shares, 7M options, and 12M warrants. The company also has $2M in the bank for no debt. The stock trades around $0.25, and had a 52-week high of $0.40 and a 52-week low of $0.06. 

Brunswick Exploration

Brunswick Exploration (TSXV: BRW) is an early-stage exploration company looking for metals needed for decarbonization and the transition to renewable energy. The company has several projects located in Ontario, Quebec, New Brunswick, and Nova Scotia. Brunswick is one of the few companies to do grassroot exploration to find new lithium discoveries, providing a high-reward high risk endeavor. Brunswick Exploration is also a new-type-of-era mining company focused on ESG concerns. Each step affected by the company aims to protect and raise environmental awareness to ensure the company minimizes its impact on properties.

Amongst the highlights in the portfolio is the Hearst project. Located in Ontario, the project comprises 1,418 cells and 226 claim blocks covering 29,805 hectares of land. Situated 15 km south of Hearst, local infrastructure is plentiful with forestry roads and power neighboring the project. A drill program is scheduled to start in H1 2023, initially focused on the decoy pegmatite. Further work will focus on several newly identified evolved pegmatites from the limited 2022 prospecting campaign.

The company in numbers

The balance is held among insiders (35%), various family offices (18%), and the Osisko Group (10%). The excellent share structure counterbalances the number of outstanding shares, which some could find a little bit high. BRW issued 160.5M shares for 257M fully diluted .

Regarding the stock price, the performance gave its shareholders a robust return on investment; Brunswick Exploration’s increased in value to top a 200% gain. Comparatively the TSXV down to 35% YoY. Needless to mention that the stock is one of the very few to outperform the market. The stock price’s 52-week range varies from $0.12 to $0.50.

Bottom Line

A result of the quickly expanding demand is cheap lithium stocks with significant upside. An important metal used in the creation of electric vehicle batteries is lithium, also known as white petroleum. Grand View Research predicts that between 2022 and 2030, the market will expand at a compound annual rate of 12%.
Automobile producers are making significant investments in the development of electric vehicles, signaling lithium producers to find promising resources as soon as possible.

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