Lithium is an essential element for the growth of the modern world, used primarily in batteries as well as many other industries. Canada is home to numerous prolific lithium suppliers, with some of the highest quality grade lithium deposits on the planet and a promising future. Here are the top 5 Canadian lithium stocks of 2023.
First on the list is Globe Graphite Inc., which is a junior mining company based in Toronto. Globe Graphite is focused on its two flagship projects located in the Yukon Territory and British Columbia. This company has the potential to carve out a substantial niche in the lithium space, and its stock has been on the rise throughout the year.
Next, we have Pure Energy Minerals, which is a Canada-based company focusing on exploration and development of salty brine lithium deposits in the Clayton Valley, Nevada. The company is in the process of launching a pilot plant with the intent to become a fully commercial producer of lithium carbonate by 2023.
Third on the list is Bacanora Lithium, a specialty exploration and production company dedicated to lithium opportunities. The company is set to begin production on the Sonora Lithium Project and is targeting potential revenue generation in the upcoming years. As a result, the stock has seen a steady upturn in both activity and price.
Fourth in our list is Critical Elements Lithium, which is a Canadian based junior mining company. This company is set to develop the Rose Lithium-Tantalum Project located in the James Bay region of Quebec, with the hopes of becoming one of the lowest cost producers of battery-grade lithium carbonate.
Finally, we have TANBREEZ Mining Inc., which is a company focused on developing and producing minerals for the lithium-ion battery industry. The company is set to begin developing its most economically attractive deposit in the Northwest Territories and is targeting 2023 as a starting point of production.
These are the top 5 Canadian lithium stocks of 2023, with each company having its own unique set of advantages and potential for growth. As the lithium industry begins to rapidly expand the world over, these stocks are sure to find increasing amounts of traction – making them a worthwhile investment for both experienced and novice financiers alike.