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Investors may want to pay close attention to the prolific Golden Horseshoe area of north-central British Columbia, Canada. One of
Uranium stocks could regain a healthy glow.
According to Cameco President and CEO Tim Gitzel, as quoted by World Nuclear News, “Increasing demand for nuclear means increasing demand for uranium, which brings us to the second factor that is driving our growing optimism – demand for uranium is rising at precisely the same time that supply is becoming less certain. We know that utilities have not been replacing what they consume annually under long-term contracts. This has led to a growing wedge of uncovered uranium requirements.”
That could be a strong catalyst for companies such as Skyharbour Resources Ltd. (TSXV:SYH) (OTCQB:SYHBF), Cameco Corporation (TSX:CCO)(NYSE:CCJ), NexGen Energy Ltd. (TSX:NXE)(NYSE:NXE), Uranium Energy Corp. (NYSE:UEC), and Energy Fuels Inc. (NYSE:UUUU)(TSX:EFR).
“The world needs to discover, develop, commission about six McArthur Rivers or Cigar Lakes in the next 15 years. Given the timelines it takes, we should be investing now,” he added.
There’s just not enough lithium to meet growing demand.
In fact, if the world can’t fix the supply-demand gaps for lithium, it’s tough to imagine any net zero transitions. According to the CEO of the International Council of Metals and Mineral Mining, Rohitesh Dhawan, as noted by Sky News, “We can see quite a large mismatch between demand and supply. We currently produce around 400,000 tonnes of lithium annually. By 2030, that’s likely to (need to) jump to around two million tonnes,” adding, “At the moment about half of global lithium demand comes from the electric vehicle market… by 2030, 80% of global lithium demand will come from the electric vehicle market because we need to electrify our transport fleet that quickly.”
Until we have enough lithium supply to meet explosive demand, prices are likely to accelerate higher, and send related lithium stocks to higher highs, including E3 Lithium (TSXV: ETMC) (OTC: EEMMF), which just signed a strategic agreement with Exxon Mobil (NYSE: XOM) subsidiary, Imperial Oil Limited (TSE: IMO) (BYSE: IMO), Albemarle Corporation (NYSE: ALB), and Lithium Americas (NYSE: LAC) (TSX: LAC).
Investors may want to keep an eye on companies operating in the Battle Mountain – Eureka gold trend in Nevada.
Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF), for example, has a drill program at the 100% owned Pan Mine located in the region, “a Carlin-style, open-pit, heap-leach mine in east-central Nevada, approximately 28 km southeast of the town of Eureka, on the prolific Battle-Mountain – Eureka gold trend. Pan ramped up smoothly after restarting operations in September 2017. Gold production has increased year over year since 2017 with 2021 gold production reaching 45,397 ounces benefitting from the recent heap leach pad expansion and primary crushing circuit installed in 2020.”
Also operating in the Battle Mountain – Eureka gold trend in Nevada are companies such as Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF), Kinross Gold Corporation (NYSE: KGC) (TSX: K), SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM), and Westward Gold Inc. (CSE: WG) (OTC: WGLIF).
Investors may want to pay close attention to the prolific Golden Horseshoe area of north-central British Columbia, Canada.
One of the companies operating in the region is Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF), which is working on the Lawyers Project.
“Exploration on the Lawyers property and the surrounding area began in the late 1960s and peaked in the 1980s, identifying numerous showings, prospects and deposits culminating in the development of the Lawyers gold-silver mine that operated from 1989-1992 and produced 171,200 oz gold and 3.6 million oz silver over the 4-year period. The deposit was never fully mined, or the surrounding area thoroughly explored for gold-silver mineralization,” according to the company.
Other companies operating in the area include Thesis Gold Inc. (TSXV: TAU) (OTC: THSGF), Amarc Resources Ltd. (TSXV: AHR) (OTC: AXREF), Skeena Resources Ltd. (TSX: SKE) (NYSE: SKE), and Centerra Gold Inc. (TSX: CG) (NYSE: CGAU).
Cannabinoids, such as cannabidivarin (CBDV) may be rare, but may also have exciting potential.
In fact, according to InMed Pharmaceuticals Inc. (NASDAQ: INM), “CBDV is one of the most studied rare cannabinoids and has been the subject of research in autism, epilepsy, acne, alopecia, inflammatory bowel disease, nausea, and pain. CBDV is also currently being studied in a number of clinical trials including autism, Prader-Willi Syndrome, and attention deficit hyperactivity disorder (ADHD).”
In addition, as noted by Rare Cannabinoid Company, “CBDV is a varin. Varins contain two fewer carbon atoms than their non-varin counterparts (THC and CBD). These differences mean that they interact with the human endocannabinoid system in different ways and have unique physiological effects.” In short, the future may be bright for companies, like InMed Pharmaceuticals, which just announced it has launched B2B sales of the rare cannabinoid cannabidivarin to wholesalers, suppliers and end-product manufacturers in the health and wellness sector through its US subsidiary, BayMedica LLC.
The world is desperate for lithium supply.
In fact, according to CNBC, “Electric vehicle growth will be responsible for more than 90% of demand for lithium by 2030, according to Benchmark Mineral Intelligence. But lithium is also in our phones, computers, ceramics, lubricants, pharmaceuticals, and is essential for solar and wind energy storage.”
There’s just one problem.
At the moment, there’s far more demand for lithium than supply, which would explain why lithium prices are up about 280% over the last year. Even the IEA just warned, “The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met. At least 30 times as much lithium, nickel and other key minerals may be required by the electric car industry by 2040 to meet global climate targets.”
Fortunately, there are companies that may be able to help, including Scotch Creek Ventures Inc. (CSE:SCV)(OTC:SCVFF), Ameriwest Lithium Inc. (CSE:AWLI)(OTC:AWLIF), American Lithium Corp. (TSXV:LI)(OTC:LIACF), Albemarle Corp. (NYSE:ALB), Lithium Americas Corp. (NYSE:LAC).
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