Although the demand for lithium is exploding, due to the fact that lithium-ion batteries represent the world’s current best answer for the efficient storage of electricity, it is still considered a relatively rare element. Found in various continental brines and rocks, its concentrations are so low that it is often bypassed. As a result, sites with real potential are highly valued, and most sources are outside of the North America.
Unlike fossil fuels, lithium is not an energy source. Rather it is a critical component enabling the use of clean alternative energy sources. The high energy to weight ratio and high capacity of lithium-ion batteries make them the solution of choice for the storage of electrical energy, and efficient electrical storage is the key when it comes to eco-friendly electric and hybrid automobiles, as well as for bridging production gaps in solar and wind generation. Without lithium, the green revolution would have far fewer options.
It has taken awhile, but investors are finally beginning to understand the importance of lithium in the next era of transportation and electricity generation. This is evident in the rapidly rising stock prices of publicly traded companies focused on producing this increasingly valuable commodity. As oil becomes more costly to extract, encouraging a variety of other power sources, rising lithium prices are considered a given.
Here are some of the companies we have been watching:
Lithium Exploration Group, Inc. (OTCBB: LEXG) is a U.S.-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently, the company is focused on its Western Canada and South America properties. Website: www.lithiumexplorationgroup.com
AmeriLithium Corp. (OTCBB: AMEL) is a publicly traded mining company committed to evolving into one of the leading American players in the global Lithium industry. The Company is headquartered in Henderson, NV. AmeriLithium has amassed a Lithium portfolio consisting of ~724,000 acres, including three Nevada-based projects nearby the only Lithium producing plant in the US, a large project in Alberta, Canada, and a project in Western Australia. Website: www.amerilithium.com.
American Lithium Minerals, Inc. (OTCBB: AMLM) is a U.S.-based mineral exploration company focused on the development of lithium and boron resources in Nevada. The company’s key objective is to develop world-class lithium projects that will capitalize on surging demand for lithium-ion batteries, particularly for hybrid and electric vehicles. The Borate Hills Project is the Company’s current primary focus; however, it is also active in grassroots exploration for lithium deposits in the Great Basin of the United States with ten other highly prospective projects in Nevada and Utah. Website: www.americanlithium.com.
Lithium Corp. (OTCBB: LTUM) is an exploration company based in Nevada devoted to the exploration for new lithium resources within the state of Nevada. The Company explores and develops potentially economic lithium-enriched brine fields, with the goal of becoming a long-term producer of this increasingly strategic and economically important commodity. Website: www.lithiumcorporation.com.