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Battery metals
such as lithium, cobalt and graphite are essential to the
lithium-ion batteries
used to power electric cars, with demand expected to increase in the coming decades.
Plans by Tesla (NASDAQ:
TSLA
) to eliminate cobalt from its batteries or use silicon for its anodes instead of graphite have recently hit the market, but analysts still foresee the use of these raw materials by the electric vehicle industry for years to come as the
energy
revolution continues to unfold.
For investors interested in jumping into the battery metals space, we’ve gathered the top battery metals stocks on the TSX and TSXV with year-to-date gains, including lithium, cobalt and graphite, with a special mention to nickel. Only companies with market caps above C$10 million are included, and all data was obtained using TradingView’s
stock screener
on December 16, 2020.
Top battery metals stocks: Lithium
1. American Lithium (TSXV:
LI
)
Year-to-date gain: 812 percent; current share price: C$1.14
Nevada-focused American Lithium is engaged in the acquisition, exploration and development of lithium projects. The company currently holds the Tonopah Lithium Claims (TLC) project in Nevada. Aside from TLC, American Lithium has the Extinction Ridge
vanadium
project in the state.
2. Noram Ventures (TSXV:
NRM
)
Year-to-date gain: 411.11 percent; current share price: C$0.46
With its efforts centralized on Nevada, exploration company Noram Ventures’ goal is to become a low-cost supplier for the lithium-ion battery industry. Zeus, its flagship project, is located in the state’s Clayton Valley and covers 1,214 hectares.
3. Quantum Minerals (TSXV:
QMC
)
Year-to-date gain: 221.43 percent; current share price: C$0.23
Junior explorer Quantum Minerals is focused on properties in Manitoba, and its flagship asset is the Irgon lithium property in the province. Irgon is a historic rare metals deposit where developmental work was undertaken by Lithium Corporation of Canada. Quantum Minerals is currently completing its own exploration at the property; it also has
precious
and
base metals
assets in Manitoba.
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Top battery metals stocks: Cobalt
1. Sherritt International (TSX:
S
)
Year-to-date gain: 121.05 percent; current share price: C$0.42
Canada- and Cuba-focused Sherritt International is one of the world’s top producers of nickel from lateritic sources. Cobalt is mined as a by-product at the company’s nickel mines, and Sheritt is also Cuba’s largest independent energy producer, with
oil
and power operations in the country.
2. Jervois Mining (TSXV:
JRV
)
Year-to-date gain: 81.58 percent; current share price: C$0.35
TSXV- and ASX-listed Jervois Mining describes itself as a leading cobalt company with significant nickel and
copper
exposure. The top cobalt stock’s flagship asset is the US-based Idaho Cobalt Operations. Jervois is also developing the Nico Young nickel-cobalt deposit in New South Wales, Australia, and holds interests in exploration-stage assets in Uganda.
3.
First Cobalt
(TSXV:
FCC
)
Year-to-date gain: 32.14 percent; current share price: C$0.19
First Cobalt is a vertically integrated cobalt exploration and development company with three assets located in Idaho, US, and Ontario, Canada. The company is focused on developing a supply of battery-grade cobalt in North America for the rapidly growing electric vehicle market.
The company’s Ontario-based refinery is the only permitted primary cobalt refinery in North America, and could produce 25,000 tonnes of cobalt sulfate per year from third party feed.
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Top battery metals stocks: Graphite
1.
Gratomic
(TSXV:
GRAT
)
Year-to-date gain: 316.67 percent; current share price: C$0.25
Exploration and advanced materials company Gratomic has two graphite projects: Aukam in Namibia and Buckingham in Quebec. The company has two offtake deals for Aukam, which covers a historical vein graphite mine, and is solidifying plans to micronize and spheronize graphite from the asset.
2. Leading Edge Materials (TSXV:
LEM
)
Year-to-date gain: 333.33 percent; current share price: C$0.33
Leading Edge Materials has a portfolio of critical raw materials projects in the European Union. In Sweden it holds the Woxna graphite mine, the Norra Karr heavy
rare earths
project and the Bergby lithium project; in Romania it has a 51 percent stake in the Bihor Sud nickel-cobalt exploration alliance.
3. Focus Graphite (TSXV:
FMS
)
Year-to-date gain: 266.67 percent; current share price: C$0.06
Advanced exploration and mining company Focus Graphite is aiming to produce graphite concentrate at its wholly owned Lac Knife flake graphite deposit in Quebec. A
2014 feasibility study
shows an initial capital cost of US$165.55 million for the top Canadian graphite stock’s project, with estimated production of 44,300 tonnes of concentrate per year over a 25 year period.
Top battery metals stocks: Nickel
1.
FPX Nickel
(TSXV:
FPX
)
Year-to-date gain: 300 percent; current share price: C$0.64
Top nickel stock FPX Nickel is focused on the exploration and development of the Decar nickel-
iron
district, located in Central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.
2. Talon Metals (TSX:
TLO
)
Year-to-date gain: 130 percent; current share price: C$0.35
Talon Metals is focused on producing nickel responsibly for the electric vehicle industry. The company’s high-grade Tamarack nickel-copper-cobalt project is located in Minnesota, US; it is comprised of the Tamarack North project and the Tamarack South project.
3.
Canada Nickel Company
(TSXV:
CNC
)
Year-to-date gain: 122.22 percent; current share price: C$2
Canada Nickel Company is advancing its 100 percent owned Crawford nickel-cobalt sulfide discovery. It has large-scale potential and is located in the Timmins mining camp, adjacent to major infrastructure.
The company’s opening share price when it listed on the TSXV in February was C$0.25, meaning it’s risen about 700 percent from then to December 16.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Canada Nickel Company, First Cobalt, FPX Nickel and Gratomic and are clients of the Investing News Network. This article is not paid-for content.