Over the past few years, the demand for lithium-ion batteries has risen at a decent pace because of gaining traction in the electric vehicle around the world. Due to this, investors are keeping a close eye on the lithium stocks. Let take a closer look at the recent updates of 3 Lithium Stocks that are trading on ASX.
Kidman Resources Limited (ASX: KDR)
Lithium explorer, Kidman Resources Limited (ASX: KDR) has recently published a new issue announcement with regards to the application for quotation of additional securities and agreement. As per the announcement, the company has issued 100,000 Performance Rights under the terms of the Company’s Omnibus Incentive Plan which is subject to the satisfaction of vesting conditions in accordance with employment terms. Moreover, the company has also published a notice regarding Change of Director’s Interest with regards to the interest of Mr. David Southam. Prior to 31 January 2019 Mr. David was holding 17,429,155 securities, however, after 31 January he disposed/exercised all the securities. Meanwhile, in the past one year, the share price of the company decreased by 28.19% as on 18 February 2019. KDR’s shares traded at $1.395 with a market capitalization of circa $546.48 million as on 19 February 2019.
Lepidico Ltd (ASX: LPD)
Lithium chemical company Lepidico Ltd’s (ASX: LPD) Pilot Plant is currently under construction in Perth, Australia and it is expected that it will be commissioned in April 2019. The company’s Alvarrões Lepidolite Mine is reported to have inferred resource of 1.5Mt @ 1.1% Li2O. The company is having an Ore access agreement with Grupo Mota over the operating Alvarrões lepidolite mine which currently supplies around 1.8% Li2O concentrate to the ceramics industry. Recently in December 2018, the company completed the Drilling at the Alvarrões lepidolite mine for the revised Mineral Resource estimate which is expected to be released in March 2019.
Recently, the company announced that it had used a new process called LOH-MaxTM to produce high purity lithium hydroxide. This new process is developed in collaboration with the owners of Strategic Metallurgy Pty Ltd and this process provides an elegant solution to produce lithium hydroxide. Today (19 February 2019), although the company has not released any price sensitive information, the share price of the company substantially increased by 40.909% in the intraday trade and traded at $0.031 with a market capitalization of circa $73.84 million. In the past one year, the share price of the company decreased by 57.69% as on 18 February 2019.
Core Lithium Ltd (ASX: CXO)
Emerging Australian lithium developer, Core Lithium Ltd (ASX: CXO) has recently made key appointments in its management team to progress development plans at its 100%-owned Finniss Lithium Project. The company has appointed highly experienced Simon Iacopetta for the role of Chief Financial Officer and the company has also enlisted Noel O’Brien in a metallurgical consulting services capacity. Further, the company has appointed Sean Buxton for the role of Project Manager for the Finniss Lithium Project and currently it is searching for a suitable candidate for the role of Marketing Commercial Manager. Recently, the company issued 600,000 shares upon vesting and exercise of performance rights by the exploration manager and another employee for nil consideration.
In the past one year, the share price of the company decreased by 21.43% as on 18 February 2019. CXO’s shares last traded at $0.054 with a market capitalization of circa $38.2 million as on 19 February 2019.
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