#7 - American Battery Metals (OTCMKTS:ABML)
The last stock we’ll look at is American Battery Metals (OTCMKTS:ABML). Like Galaxy Resources, American Battery Metals is a penny stock. And like GALXF stock, ABML stock has been on a tear in 2021 charging up 143%.
However, in light of the current speculation going on in the market, it’s important to note that there is a solid growth narrative to support the stock’s surge. In late December, the company made progress on three milestones that puts it on track to opening a pilot lithium-ion battery recycling plant in Fernley, Nevada.
First, it has purchased land. Second, it has secured water rights. And finally it hired a design/build construction firm. This is an interesting development because it will fit the objective of the Biden administration to bring clean energy manufacturing jobs to the United States. And with the company pledging to use a superior process for extracting lithium, there will be keen interest in getting this factory up and running.
About American Battery Technology
American Battery Technology Company, a battery materials company, engages in supplying battery metals. The company explores for resources of battery metals; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.
Read More - Current Price
- $9.83
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
The buying case for lithium stocks is not about availability but accessibility. Although lithium is the 33rd most abundant element globally, it’s often in locations that make it hard to access, particularly in enough density to make a production investment worth it.
It’s a complicated, expensive process, and that’s why investors should look at the companies on this list. They have proven abilities to bring the mineral to market either through mining and refining or through battery production.
Patience will be required. Many EV manufacturers are not anticipating having production-ready models available until 2022 at the earliest. But that’s in a perfect world. In the past 18 months, we’ve seen how 5G technology got sidetracked. The overall benefit hasn’t changed, but there was a delay in making it a reality. The same may be true of EVs. Only time will tell.
If you’re wondering how you can invest in lithium in a more passive way, you can look at the Global X Lithium & Battery Tech ETF (NYSEARCA:LIT). The fund has posted a gain of over 137% in the last 12 months. The fund’s objective is to “provide investment results that generally correspond to the price and yield performance of the Solactive Global Lithium index.”
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