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Highlights
- In Canada, there are many lithium exploring companies that trade in the equities markets.
- The Vancouver-based Sigma Lithium is listed on the TSX Venture Exchange (TSXV) and Nasdaq.
- For the three and six months ended December 31, 2021, Standard Lithium's cash was C$ 139.5 million.
In the past few years, the demand for lithium has increased as it is used in batteries made for electric vehicles.
According to some analysts, the demand for lithium is expected to surpass two million metric tons by 2030. Also, an expected increase in battery demand for EVs could help the lithium exploring companies boost their sales.
In Canada, there are many lithium exploring companies that trade in the equities markets. Some investors could try to get exposure to the lithium market through investing in stocks of lithium exploration companies.
That said, the TSX Venture Exchange has some lithium stocks to offer to Canadian investors and let’s look at them:
Sigma Lithium Corporation (TSXV:SGML)
Sigma Lithium is listed on the TSX Venture Exchange (TSXV) and Nasdaq. It aims to power the next generation of batteries used in electric vehicle (EVs).
Sigma claims to offer environmentally sustainable and pure lithium. It is committed to environmental, social, and governance (ESG) practices and achieve net-zero emissions by 2024.
The company's green-friendly processing plant uses 100 per cent renewable energy, dry-stack tailings, and recycled water.
Also Read: EMO, ODV, and DSV: 3 TSXV precious metals stocks to buy?
Recently, Sigma Lithium posted results for fiscal 2021 and had C$ 154.3 million in cash compared to C$ 13.5 million in 2020. Meanwhile, the value of the total assets jumped to C$ 193.8 million from C$ 33.2 million in the same comparable period.
In 2021, the company said it completed the construction of foundation earthworks for its production plant in the Phase 1.
Sigma also claimed that it would achieve the near-term production of Battery-Grade Sustainable Lithium.
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Standard Lithium Ltd. (TSXV:SLI)
The company explores and develops lithium brine properties in the United States. Standard Lithium's primary focus is on the Arkansas Lithium Project and its other projects are Tetra project, Bristol Dry Lake Project, and Lanxess Project.
On February 24, the company said it entered an agreement with its strategic partner Lanxess Corporation for the first commercial lithium project in Arkansas.
For the three and six months ended December 31, 2021, Standard Lithium's cash was C$ 139.5 million in comparison to C$ 27.98 million at the end of June 30, 2021.
The estimated value of the total assets of Standard Lithium was C$ 184.6 million as of December 31, 2021.
Also Read: American Lithium (LI) and Frontier (FL): 2 TSXV lithium stocks to buy
Please note, the above content constitutes a very preliminary observation or view based on digital trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
