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The Lithium Mega Bull Market Is Back On

After facing a downturn for several months, the lithium price is rebounding and signaling the next leg of the mega bull run. The spot price has experienced a meaningful jump in the last four weeks and will likely continue to rise due to rising demand from the electric vehicle (EV) market, the growing supply shortage and overall improvement in market circumstances. Chinese EV sales are also once again breaking monthly records, revealing the beginning of a China lithium price recovery. This upward price momentum and ongoing government incentives to boost lithium production will create a positive environment for lithium exploration companies like American Lithium (TSXV:LI) (NASDAQ:AMLI), Standard Lithium (TSXV:SLI) (NYSE-A:SLI), and Lithium Americas (TSX:LAC) (NYSE:LAC), as well as lithium producers Albemarle (NYSE:ALB) and Sociedad Química y Minera de Chile S.A. (NYSE:SQM).

American Lithium Corp. (TSXV:LI) (NASDAQ:AMLI) is aggressively developing two of the largest lithium deposits in the Americas, its TLC project in Nevada and its Falchani project in Peru. The company also owns the world’s fifth-largest undeveloped uranium deposit, the Macusani uranium project in southeast Peru, which is in the process of being spunout into an independent public company.

American Lithium has been making significant progress at both TLC and Falchani. Earlier this year, the company submitted an independent NI 43-101 Technical Report on the Preliminary Economic Assessment (PEA) for the TLC project with resulted in robust economics. 

Some of the highlights from the PEA include a NPV8% of $3.64 billion, an after-tax IRR of 27.5%. The project, which hosts 4.2 million tons (Mt) of lithium carbonate (Li₂CO₃) in measured resources, 4.63Mt Li₂CO₃ in indicated resources, and 1.86Mt Li₂CO₃ in inferred resources, is projected to bring in approximately $396 million annually over a 40-year period. 

“We are extremely pleased to announce a very robust maiden PEA for TLC. Our team has worked hard and spent considerable time getting an in-depth understanding of TLC mineralization and the best way to recover high purity lithium utilizing conventional processing methods with the latest techniques and best in class plant and equipment,” said Simon Clarke, CEO of American Lithium. At 99.4% LCE purity, TLC offers the capability to produce either battery grade lithium carbonate or hydroxide with minimal additional refining.”

The company has also made significant advancements in the development on Falchani. On May 8, American Lithium announced that it has received the first of three permits from Peruvian authorities for additional drilling near Quelcaya, 5-6 kilometers west of the company’s Falchani deposit and drilling will begin immediately. The 40-hole drill program will consist of up to 8,000 meters and focus on three key target areas where recent fieldwork discovered outcrop grab samples containing up to 3,272 ppm Li.

This accomplishment signals the successful completion of the company’s permit application process, which now allows the company to drill test numerous new, high-priority lithium prospects. It also validates recent comments from Peru’s new government that the mining sector is now operating “as normal” and supporting the development of American Lithium’s lithium projects and the industrialization of lithium in Peru.

Given these recent developments, the company hopes that final permits for the Falchani lithium deposit will be approved soon. Four diamond drills owned by American Lithium are located near Falchani, where drilling for the ongoing environmental impact assessment (EIA) started in 2022 and is almost complete. 

For more information about American Lithium Corp. (TSXV:LI) (NASDAQ:AMLI), click here

Lithium Companies Enter Into Strategic Agreements

Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) announced in May that its Board of Directors unanimously approved the execution of an agreement providing for the company’s reorganization, which includes the separation of its North American and Argentina-based business units into two independent public companies. The separation will create a lithium company focusing on Argentina (Lithium Argentina) and a lithium company focused on North America (Lithium Americas (NewCo)). Lithium Argentina will acquire Lithium Americas‘ current investment in its lithium properties in Argentina, which includes a 44.8% share in Cauchar-Olaroz, a 100% stake in Pastos Grandes, and a 65% stake in Sal de la Puna. Lithium Americas (NewCo) will be the sole owner of the Thacker Pass lithium project in Humboldt County, Nevada, as well as Green Technology Metals Limited and Ascend Elements, Inc.

Standard Lithium (TSXV:SLI) (NYSE-A:SLI) has signed a JDA with Koch Technology Solutions (KTS), an affiliate of Koch Engineered Solutions, to share data and to develop and commercialize integrated processing flowsheets for Standard’s exclusive use in the Smackover Formation. The agreement improves Standard Lithium’s ability to fulfill expanding lithium demand as well as develop the nation’s first commercial lithium project in several decades.

Albemarle Corporation (NYSE:ALB) has signed a formal agreement with Ford Motor to supply battery-grade lithium hydroxide to assist the manufacturer in increasing EV manufacturing. Albemarle will provide over 100,000 Mt of battery-grade lithium hydroxide to power roughly three million future Ford EV batteries. The five-year supply agreement is set to begin in 2026 and will extend until 2030. Albemarle and Ford have both stated their intention to offer the US EV supply chain with lithium hydroxide produced in the United States or originating in a country with whom the US has a free trade agreement.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) and Ford Motor Company have signed a long-term strategic partnership to assure the supply of high-quality lithium materials for electric vehicle manufacture. Ford and SQM‘s agreement will assure the availability of battery-grade lithium carbonate and lithium hydroxide, both of which are required to create high-performance electric vehicle batteries. The source of SQM‘s lithium should make Ford vehicles eligible for the Consumer Tax Credit under the Inflation Reduction Act (IRA), as well as support the company’s aims to produce electric vehicles and increase its presence in international markets for electric mobility.

In March, American Lithium announced the submission of an NI 43-101 Technical Report on the Preliminary Economic Assessment (PEA) for the TLC project in Nevada. DRA Global and Stantec Consulting Services completed the PEA and Technical Report, showing that the TLC project may become a large, long-term producer of low-cost, high-purity lithium carbonate.

Featured Image @ FreePik


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