Three ASX-listed undervalued lithium stocks

Summary

  • The growing popularity of electric vehicles has provided robust momentum to the demand for lithium-ion batteries. 
  • Lithium is also used in rechargeable batteries for mobile phones, laptops, digital cameras, and many other electronic devices. 
  • The magnitude of expanding lithium-ion battery market has put many ASX-listed lithium stocks in the spotlight. 

The world undergoing a massive transition towards renewable energy sources continues to witness the growing demand for lithium, thanks to the skyrocketing popularity of electric vehicles that use lithium-ion batteries (LiBs). Lithium, used as cathode in LiBs, significantly increases the energy density.

RELATED ARTICLE: Rising lithium demand boosts Albemarle’s profits; ASX lithium stocks in focus

Moreover, lithium is also used in rechargeable batteries for mobile phones, laptops, and other electronic products. The magnitude of expanding market for the battery metal has put many lithium miners and developers on investors’ radar. 

Source: Copyright © 2021 Kalkine Media

ALSO READ: What’s latest with these three ASX lithium penny stocks?

On that note, let us look at few lithium stocks on the ASX: 

Dart Mining NL (ASX:DTM)

Dart Mining, which floated on the Australian Securities Exchange in May 2007, currently has one of the largest tenement footprints in Victoria. The Company’s diverse exploration portfolio in the Lachlan Fold Belt of Northeast Victoria is prospective for precious, base, and strategic minerals. These include lithium, gold, silver, copper, and a host of other important minerals.

                       

Three ASX-listed undervalued lithium stocks

 

The Company recently identified a strong fractionation trend, highlighting a 240 square kilometres zone of dykes enriched in strategic and technology metals including lithium, caesium, tantalum, tin, tungsten, niobium across the Northeast Victoria state. These are also the first recorded lithium pegmatites identified in eastern Australia. 

RELATED ARTICLE: Why is this ASX listed battery metal stock up 7x in a year?

DTM shares traded at A$0.12 on 12 August 2021 (at 1 PM AEDT), down by around 40% in the past year. 

Source: Copyright © 2021 Kalkine Media

Marquee Resources Limited (ASX:MQR)

Marquee Resources was established with the aim to acquire selected lithium exploration prospects and to test them going forth. The Company aims to discover economic lithium deposits and advance into the exploration stage. 

Marquee Resources recently announced the sale of its 30% interest in lithium exploration properties on the Centenario Salar in Argentina to Canadian-based Vertex Lithium Corporation.

Vertex Lithium has also acquired the remaining 70% interest in the project from Lithium Power International Ltd (ASX: LPI). The Centenario Salar sits within ‘The Lithium Triangle’ in Salta, a mining-friendly province.

RELATED ARTICLE: Lithium Energy (ASX:LEL) Shares Surge 85% on ASX Debut

MQR shares have dropped by around 9% in the past year and traded at A$0.064 on 12 August 2021 (at 1 PM AEDT).  

Infinity Lithium Corporation Limited (ASX:INF)

Infinity Lithium Corporation seeks to develop its 75%-owned San José Lithium Project in Spain. The San José deposit boasting significant development opportunity is targeted to produce battery-grade lithium chemicals from a mica feedstock. Moreover, it represents the second-largest hard rock lithium deposit in the European Union. 

The Company recently announced that testwork to produce battery-grade lithium hydroxide from the San José Lithium Project is progressing well, with results in line with pre-feasibility assumptions. 

INF shares slumped around 42% on a year-to-date basis and traded at A$0.099 on 12 August 2021 (at 1 PM AEDT). 

Bottom Line

As a result of the projected uptick in demand for lithium, investors continue to chase such undervalued lithium stocks, exhibiting significant capital appreciation potential.

Meanwhile, the market for energy storage is brimming to fast track the adoption of ecologically safe solutions. All things combined, lithium stocks can feel the nudge of the changing market dynamics as investors become keen on cherry picking the best lithium stocks.

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