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Highlights
- Governments and automakers are rushing to find ways to boost supply chains for raw materials.
- As a result, the battery and electrification firms have gained significantly.
- Investors can look at opportunities in copper, nickel, lithium, and cobalt producing stocks.
With the ‘Green Energy’ theme echoing all across the world, shares of battery metals companies have increasingly come on investors’ radar. The battery and electrification firms have gained handsomely in the recent past as governments and automakers find ways to boost supply chains for raw materials. Amid the increasing demand for battery metals, investors can look at opportunities in copper, nickel, lithium, and cobalt producing stocks.
On this note, let’s discuss why these five ASX-listed battery metals shares rose 100% or more on a year-to-date (YTD) basis:
Galileo Mining Ltd (ASX:GAL)
Galileo Mining is focused on the discovery of base metals in Western Australia (WA). The company is currently exploring large-scale magmatic nickel-copper deposits in the Fraser Range and high-grade nickel-copper-cobalt resources at its Norseman project.
GAL stock has returned just over 545% (as of Wednesday’s closing price) on a year-to-date (YTD) basis.
The miner’s shares are in focus ever since it announced a major palladium-platinum-base metals discovery at the Norseman project. It also discovered rhodium, which is considered as one of the rarest and most valuable precious metals globally.
Latin Resources Ltd (ASX:LRS)
Latin Resources is a mineral exploration company with projects in Latin America and Australia.
LRS shares have returned 230% on a YTD basis.
The rally in LSR shares seems to have been on the back of regular high-lithium discoveries at its Salinas project. According to the company, the first assay results from the initial two drill holes at the ‘Southern Target’ area of the Salinas project in March confirmed a potential new high-grade lithium discovery.
Essential Metals Ltd (ASX:ESS)
Essential Metals is a mineral explorer with multi-commodity tenement portfolio strategically located within 200 km of Kalgoorlie-Boulder, WA.
ESS shares have offered a YTD return of over 136%.
The company recently began its planned 9000-metre extension drill program at its Pioneer Dome lithium project in the Eastern Goldfields of WA.
Bulletin Resources Ltd (ASX:BNR)
Bulletin Resources is a miner with interest in the Geko Gold project, located nearly 15 kilometres north of the Bullabulling Gold Mine in WA.
BNR stock has returned over 112% on a YTD basis.
The miner recently announced its plans to conduct a Light Detection and Ranging (LIDAR) and high-resolution aerial imagery survey at its Ravensthorpe lithium project in WA.
Ardea Resources Ltd (ASX:ARL)
Ardea Resources is an exploration and development firm with a strategic portfolio of 100%-controlled projects located within the Eastern Goldfields, a world-class nickel gold province in WA.
ARL stock has returned over 159% on a YTD basis.
The miner recently said that its drilling program has confirmed high-grade, near-surface nickel-cobalt mineralisation at its Goongarrie Hill deposit in WA.
