- Electric vehicles are probably one of the most trending technologies of the present era. These vehicles require battery packs which store energy and require critical battery metals.
- Magnis Energy is a graphite player, which plans to emerge as one of the largest producers of lithium-ion battery cells globally.
- Jervois Mining envisions to be the only operating cobalt producer in the US in 2022. The company aims to process these concentrate products at its refinery to create the next big vertically integrated battery metals business.
Inventors’ dream of creating a compact personal computer went through a long series of trials and improvements before it ultimately came into fruition in 1974. Since then, the size and performance of personal computers have gone through vast upgrades and enhancements. The S-Curve fits well for almost all new technologies and inventions. In the current times, the timespan of upgradation and evolution of the emerging technologies has significantly contracted.
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Electric vehicles are probably one of the most trending technologies of the present era. These vehicles require stable battery packs with high energy densities to meet the end customers’ needs of driving long ranges. These battery packs store energy and require critical battery metals to be manufactured.
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Investors have been focusing on determining ways to tap the trending EV opportunity. In this article we would discuss 10 EV growth stocks, which trade at less than AU$1 a share on the ASX.
Sayona Mining (ASX:SYA) is a battery metals exploration and development company, which has successfully launched a joint venture with Piedmont Lithium Limited (ASX:PLL) for the North American Lithium mine to create a mega Abitibi lithium complex. Sayona traded at AU$0.083 a share on 2 July 2021 offering a massive 52-week market return of ~860%.
European Lithium Limited (ASX:EUR) is the 100% owner of the premium Wolfsberg Lithium Project in Austria. The company aspires to be among the first local lithium producers to be integrated into the European battery supply chain. Currently, the company is involved in the Phase 2 resource extension drilling program at the Wolfsberg Lithium Project with an objective to extend its existing JORC complaint reserves for the Definitive Feasibility Study. EUR shares were trading at AU$0.055 a share on 2 July 2021, generating a YTD return of over 25%.
EcoGraf Limited (ASX:EGR) is a focused graphite player, which envisions to tap the graphite market end to end, right from the graphite mining project in Africa to the development of spherical graphite products for electric vehicles in homeland Australia. Spherical graphite is widely used as the precursor for battery anode in electric vehicles. EcoGraf traded at AU$0.64 a share on 2 July 2021, offering an impressive 52-week market return of ~780%.
Cobalt Blue Holdings Limited (ASX:COB) is a cobalt-focused exploration and development company, which envisions to emerge as the next big ethical cobalt player. The company owns the Thackaringa Cobalt Project, which is considered highly prospective for hosting large tonnage cobalt-bearing pyrite deposits. The company plans to use an innovative approach to pyrite ores to extract high-grade cobalt products. Cobalt Blue traded at AU$0.3 a share on 2 July 2021 with a market capitalisation of AU$78.2 million.
Jervois Mining Ltd. (ASX:JRV) is a cobalt player with a cobalt and nickel refinery in Brazil. The company owns the under-construction Idaho cobalt operations in the United States and plans to evolve as the only operating cobalt producer in the country in 2022. The company aims to process these concentrate products at its refinery to create the next big vertically integrated battery metals business. traded at AU$0.595 a share on 2 July 2021 with a market capitalisation of AU$465 million.
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Magnis Energy Technologies Limited (ASX:MNS) is a graphite player with major focus on tapping opportunities across the battery sector. The company plans to emerge as one of the largest producers of lithium-ion battery cells globally. The company also plans to develop the Nachu graphite project in Tanzania, which is also its primary graphite asset. The stocks of the company traded at AU$0.28 a share on 2 July 2021 with a 52-week return of over 270%.
Poseidon Nickel Limited (ASX:POS) is a nickel-focused company with premium projects in Western Australia. The company has already estimated mineral resources of over 400,000 tonnes of nickel and 180,000 ounces of gold at its projects.
The Black Swan, Windarra and the Lake Johnston Nickel Projects offer significant exploration opportunities and are located in the vicinity of established mining infrastructure. Recently, the company announced drill and assay results for the Golden Swan prospect outlining the continuity of the mineralisation. POS traded at AU$0.105 a share on 2 July 2021 with a market capitalisation of AU$294.98 million. The shares of the company offered a 52-week return of ~270%.
Caprice Resources Limited (ASX:CRS) is a gold and battery metals company, which owns the Island Gold Project in the Cue Goldfield, the Northampton Project and the Wild Horse Hill Project.
These mineral projects are highly prospective and are located in proven mineralised belts. Recently, the company released the latest RC drilling results for its Island Gold Project. CRS stocks traded at AU$0.205 a share on 2 July 2021 with a market capitalisation of AU$13.54 million.
Galan Lithium Limited (ASX:GLN) is lithium exploration and development company which focuses on the lithium triangle region in Latin America. The company owns the Hombre Muerto West and Candelas projects in Argentina and is a JV partner in the Greenbushes South JV, which sits proximal to the Greenbushes mine.
The Hombre Muerto salar is among the most prolific salt flats in the world and holds one of the highest-grade lithium brine deposits with minimal impurities. Galan traded at AU$0.915 a share on 2 July 2021 with a market capitalisation of AU$222.63 million. The company offers a 52-week return of over 446.7%.
Renascor Resources Limited (ASX:RNU) owns some premium graphite, copper, gold and base and precious metals projects. The strong project portfolio includes the Siviour Graphite, Carnding gold, Marree copper and Olary projects in Australia and abroad.
The flagship Siviour Graphite Project is considered to hold one of the world’s largest graphite resources. Recently, Renascor announced that its proprietary eco-friendly purification process has achieved a 99.99% carbon purity results. RNS traded at AU$0.071 a share on 2 July 2021 with a market capitalisation of AU$129.63 million.
Overall, the rise of electric vehicles offers an impressive opportunity to ride the wave and has been generating significant returns for investors. Stay tuned, we will be back with more updates on the EV and battery metals stocks.