USHA:CC - Five Top Lithium Stocks to Buy and Hold for the Decade

Theworld needs to get its hands on as much lithium supply, if our climate goalsare to be met. Right now, according to National Defense, “Lithium batteries are predicted to be oneof the key technologies of the 21st century, powering everything from electricvehicles to military systems, power grids and industrial electronics. By 2030, global demand for thebatteries is expected to increase more than five times, and U.S. demand nearlysix times. However, the U.S. battery supply chain is hampered by a heavyreliance on foreign imports and a lack of domestic support.” That being said, we only expect for thelithium bull market to accelerate from here forward. That’s a solid catalyst for companies,such as UshaResources Ltd. (TSXV: USHA) (OTCQB: USHAF), Livent Corporation (NYSE: LTHM), American Lithium (NASDAQ: AMLI) (TSXV:LI), Lithium Americas (NYSE: LAC)(TSX: LAC), and Albemarle (NYSE: ALB).

Look at Usha Resources Ltd. (TSXV: USHA) (OTCQB: USHAF), For Example

Usha Resources Ltd. , a North American mineral acquisition and exploration company focused on the development of drill-ready battery and precious metal projects, is pleased to announce continued progress at the Jackpot Lake Lithium Brine Property, with the second hole of its drill program having reached the 1,755 feet level and the exploration team reporting a high-porosity zone of sand followed by conglomerate has been identified beginning at 1,533 feet.

Additionally, the Company is pleased to report that it is also actively reviewing opportunities to acquire and develop new lithium projects with a focus on Ontario and Quebec.

Jackpot Lake Exploration Update

The exploration team continues to encounter similar stratigraphy to the core observed from the first hole with the identification of a partially cemented sand zone beginning at 1,533 ft and a conglomerate zone beginning at 1,697 feet. Reaching this sand-conglomerate zone is a high priority for the program as it should contain the greatest porosity within the basin aquifer (see Figure 1). As per the Preliminary Economic Assessment (PEA) completed by Pure Energy Minerals for their Clayton Valley project, their sand and conglomerate zone was identified to contain a large volume of brine with superior grades.

“We are pleased with the drilling completed so far in JP22-2,” said Deepak Varshney, CEO of Usha Resources. “Demonstrating continuity within the first two drill holes of our project is a key finding that continues to support that Dry Lake, within which Jackpot is hosted, is a similar geologic setting to that of Clayton Valley. The information identified continues to help us build our model of the basin and we look forward to seeing the stratigraphy within the rest of our second hole as drilling continues.”

Other related developments from around the markets include:

Livent Corporation reported results for the fourth quarter and full year of 2022 . Fourth quarter revenue was $219.4 million, down 5% and up 79% from the third quarter of 2022 and the prior year's quarter, respectively. Continued strength in lithium market conditions and customer demand resulted in higher sequential volumes, the impact of which was partially offset by a less favorable customer mix. For the full year, Livent reported revenue of $813.2 million, nearly double 2021 results. Full year Adjusted EBITDA was $366.7 million, over five times higher than the prior year, and adjusted earnings per share were $1.40 per diluted share. This significant improvement was a result of higher average realized prices across all lithium products.

American Lithium provided operating and financial highlights for the third-quarter. “During the quarter, the Company made strong progress and delivered on several key milestones,” stated Simon Clarke, CEO of American Lithium. “Successful drilling at TLC allowed us to deliver new and expanded resources, forming the foundation for the Company’s maiden PEA announced yesterday.” During the quarter, the company continued to receive strong drill results from its 2022 drill program as it intersected high grade sections at TLC.

Lithium Americas announced it entered into a purchase agreement with General Motors pursuant to which GM will make a $650 million equity investment in Lithium Americas. In connection with the Transaction, the Company has provided an update on the construction plan for the Thacker Pass lithium project in Humboldt County, Nevada, including the release of an independent National Instrument 43-101 feasibility study. The agreement represents the largest-ever investment by an automaker to produce battery raw materials, with GM to become Lithium Americas’ largest shareholder. Lithium Americas to receive $650 million equity investment from GM consisting of $320 million first tranche investment for common shares representing 9.999% of Lithium Americas before separation; and $330 million second tranche investment, contemplated to be invested in the Company’s U.S. business following the separation of its U.S. and Argentine businesses.

Albemarle, a leader in the global specialty chemicals industry, announced the official brand launch of Ketjen , its wholly owned subsidiary that crafts tailored, advanced catalyst solutions for the petrochemical, refining and specialty chemicals industries. The company shared the new name of its catalysts business in November 2022 after announcing plans to operate the business as a subsidiary. As a distinct brand, Ketjen will continue to support customers in their unique energy transition journeys from fluidized catalytic cracking to clean fuels to hydro-processing to organometallics and curatives. "As the industry responds to global market dynamics, our customers need innovative solutions to help them navigate their changing landscapes," said Ketjen President Raphael Crawford. "Ketjen will continue to provide its portfolio of advanced catalyst and specialty chemicals solutions, which are unique to each customer's needs, to increase production performance and business value."

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