1125 N. Charles St, Baltimore, MD 21201. 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. Copyright © 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 […] But its lithium operations are continuing to expand. 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. Before the spinoff, FMC’s portfolio was nearly the fourth largest lithium businesses on the planet, behind ALB and a few others. 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. 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. 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. This is a speculative play at this point, but could be worth some risk capital. 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, . It is estimated to contain 3.1Mt of lithium carbonate-equivalent (LCE). You just have to be patient and expect a fair amount of volatility along the way. 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"). 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. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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? Market data powered by FactSet and Web Financial Group. VANCOUVER, British Columbia, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced today … About Lithium Americas: Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, USA. 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. (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. It’s well diversified. This company will remain instrumental in the growing demand for EVs as well as numerous other products. Nevada. 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 … Livent (LTHM) As you can see from its ticker symbol, Livent is all about lithium. SQM stock is a little pricey here, but part of that is because of its 38% run in the past year. Thacker Pass is 100% owned by Lithium Nevada Corp. (“Lithium Nevada”), a Nevada corporation that is a wholly-owned subsidiary of Lithium Americas. He has been investing since 1989 and been a Fool since 2001. Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. We detected a huge call option sweep with a $30 strike and an August 20, 2021, expiration. Basically, LAC has two projects in Argentina and one in the U.S., in Nevada. But Pounce on the Lucid Motors Merger, Top SPAC Merger News This Week: Lucid Motors, EVgo, Joby Aviation and 7 More Hot SPACs, CCIV Stock: Comparing Lucid Motors to Tesla as ‘Merger Monday’ Hopes Soar, How the Internet Sent GameStop Stock Up 1,000% — And Where It’s Going Next. 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. Returns as of 01/24/2021. Finding sources for lithium is a bit trickier. 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). The stock is up 48% in the past year, but given its size, it’s volatile. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. Q2 business was slower than last year, which the company expected. Copyright © 2021 InvestorPlace Media, LLC. Mining at Thacker Pass project. Conventional, continuous open-pit mining method using excavators and surface miners will be applied at the Thacker Pass project. 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 Company trades on both the Toronto Stock … 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. Our strategy for Thacker Pass has always been to develop and improve the lithium-ion battery supply chain in the USA.” When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead. There are a few places where there are significant stores of lithium. Do you remember where Tesla (NASDAQ:TSLA) has its Gigafactory? Lithium Americas is a Canadian resource company. The stock is up 144% in the past 12 months, yet still trades at a P/E of 17. 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. Lithium Americas is a Canadian-based company listed on both the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE) under the ticker symbol “LAC”. It operates various projects namely Cauchari-Olaroz lithium brine project in Jujuy, Argentina and Thacker Pass lithium claystone project in … 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. Therefore, our target customers will be companies that make cathodes and electrolyte for lithium ion batteries. Jan. 22, 2021, Don’t Buy CCIV Stock Now. While a separate company, the spinoff is still tied to FMC, wherein the CEO of FMC is Chairman of the new firm. “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.”. All rights reserved. “The Thacker Pass project is being designed to process battery-grade (e.g. 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. You see, lithium isn’t rare. The Bolivian salt flats are believed to be home to more than 70% of the world’s lithium. 1125 N. Charles St, Baltimore, MD 21201. 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. Thacker Pass, located 100 km northwest of Winnemucca, in Humboldt County, Nevada, is 100% owned by Lithium Nevada Corp. (" Lithium Nevada "), a … The only difference is, cars and trucks are still built the way they were decades ago, more or less. Lithium Americas Corp. stock has also loss -7.26% of its value over the past 7 days. It also has a $10 billion market cap, so this isn’t a small firm scrambling for business. There are a handful of places on each continent where it’s found in enough density that it’s worth major production investment. Thacker Pass is one of two lithium carbonate mining projects for the company, and the only one in which it has full ownership.Â, The battery-quality product from the mines is intended to supply what is expected to be strong demand from a growing electric-vehicle industry. Stock Advisor launched in February of 2002. Ganfeng Lithium owns the remaining 51%. But it’s potential for Gigafactory business is a real opportunity whether it’s acquired or simply a significant supplier. 2021 InvestorPlace Media, LLC. Regardless, with the projects -- and the market itself -- not yet fully established, the stock remains a speculative investment.Â. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. The stock is up 28% in the past 12 months and it offers a 1.6% dividend. Lithium Americas soared 30% today after the U.S. Bureau of Land Management issued the final approval for its Thacker Pass project in Nevada. Article printed from InvestorPlace Media, https://investorplace.com/2020/09/5-lithium-stocks-to-buy-for-the-batteries-of-the-future/. 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. According to Statista, demand for lithium will more than double over the next 5 years to 820,000 tons. As demand for EVs increases and production grows, the need for safe, efficient energy storage will also grow. The stock has a $7 billion market cap and has several divisions, including fertilizers, iodine, potassium and industrial chemicals. It’s pretty well distributed around the world but the problem is, it’s usually found in salt flats and otherwise widely dispersed. 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. quotes delayed at least 15 minutes, all others at least 20 minutes. exceptionally high purity) lithium products for use in battery materials. It’s the pure play spinoff from FMC. It’s the 33rd most abundant element. It has a $14 billion market cap and its agriculture business is doing well as soybean and wheat demand from China grows once again. In recent years ALB has launched operations in China and Australia. Lithium Americas has priced the stock offering at $22 per share, representing an approximate 18% drop from Tuesday's closing price. 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. Investing in this sector requires some discernment to pick the best names. But extraction is complicated, so it’s expensive, dangerous and requires 500,000 gallons of water per ton of lithium. It has 7 mining operations as well as 110 different customers on 5 continents. 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. 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 … And much of that is due to the growing demand for lithium batteries for vehicles. Nasdaq That’s an important factor in region where elections can swing wildly among political parties. 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. All rights reserved. Let me explain. 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. This Canada-based mining company may be small — a $720 million market — but it offers a unique potential in this space. But the fact is, it has a significant lithium portfolio if you’re looking for pure play on the element. The firm’s U.S. based project, Thacker Pass, is a sedimentary2 lithium deposit, the largest known lithium resource in the United States, and the most advanced lithium project currently under development in the United States with over ten years of development and over $100M invested to-date. LTHM has had a bumpy ride since its IPO in 2018. Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. 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. Located in Nevada, Thacker Pass, the largest known lithium resource in the United States, is 100% owned by Lithium Nevada Corp., a unit … The stock … And it’s a global company with operations in key markets where key elements are mined so they can be converted to viable products at or near their extraction sites. Yesterday's jump came after the company announced a key federal permitting milestone was completed for its Thacker Pass lithium mining project in Nevada. The Thacker Pass project is estimated to contain 179 metric tonnes (Mt) of proven and probable reserves of lithium ore grading 3,283ppm Li. It’s the pure play … If lithium demand continues as predicted, that premium will not be an issue. As you can see from its ticker symbol, Livent is all about lithium. This isn’t a mining firm, but the next step up the chain, a specialty chemicals maker. 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. 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. See all stocks … 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.. In 2018, FMC, a specialty chemical maker, spun off its lithium portfolio to create a pure play company, Livent. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. Play on the element or more of his newsletters relaxing to the growing demand for will. In this space 48 % in the past year, but could be some! May hold some of the new firm whether it ’ s the play. 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