Canada Is on the Cusp of a Lithium Awakening
FN Media Group Presents Microsmallcap.com Market Commentary
NEW YORK, March 21, 2023 /PRNewswire/ — John Kaiser of Kaiser Research believes Canada is due for a “lithium awakening.” According to Kaiser, the market is moving past the 10-year bear market for the resources sector, particularly for juniors, and transitioning into a potential decade-long bull market with lithium leading the charge. Kaiser has been keeping a close eye on Canada’s James Bay region, which he sees as a burgeoning area bet but James Bay lithium projects aren’t the only ones garnering attention in Canada. The US Inflation Reduction Act has elevated Canada’s standing as a battery material manufacturer due to its proximity and trading ties with the US. Sayona Mining Limited (OTCQB: SYAXF) and Piedmont Lithium (NASDAQ: PPL) recently produced its first batch of marketable lithium concentrate at its North American Lithium (NAL) mine in Quebec. E3 Lithium (TSXV: ETL) (OTCQX: EEMMF) is focused on developing its significant lithium resource in Alberta, while Lithium Americas (TSX:LAC) (NYSE: LAC) and Albemarle Corporation (NYSE: ALB) are working on lithium projects in the US.
Related news for (EEMMF)
- E3 Lithium Provides Notice of Annual General Meeting and Announces Director Nominations
- E3 Lithium Provides Progress Update for the Demonstration Facility
- E3 Lithium and Pure Lithium Report Results from Phase 1 of the Lithium Metal Battery Joint Development Agreement
- E3 Lithium Finalizes the Contribution Agreement from the Critical Minerals Infrastructure Fund
- E3 Lithium Receives Up To $4.7 Million Investment from the Government of Canada’s Critical Minerals Infrastructure Fund