7 Top Lithium Miners Offer Options to Match Investors' Appetite for Risk

March-quarter revenue rose 17% sequentially and 56% year over year, while adjusted EPS rose 38.6% sequentially and 950% (from $0.02 in 2021 to $0.21) year over year. For the full 2022 fiscal year, 13 analysts covering the stock have a 2022 consensus EPS estimate of $1.21, up 572%, on sales of $817.19 million, up 94.4% over 2021.

Livent expects to increase production by 10,000 tonnes in Argentina by the first quarter of next year and by another 10,000 tonnes by the end of the year. The company believes it can raise its Argentine production from 16,000 tonnes last year to 100,000 tonnes by 2030.

And the Rest

Lithium Americas Corp. (NYSE: LAC), Sigma Lithium Corp. (NASDAQ: SGML), Piedmont Lithium Inc. (NASDAQ: PLL) and Standard Lithium Ltd. (NYSEAMERICAN: SLI) have market caps of $2.95 billion, $1.46 billion, $941.7 million and $849.76 million, respectively. All firmly reside in their developmental stage, and only Lithium Americas is expected to generate any revenue this year. These are the very definition of speculative plays.

When Lithium Americas reported quarterly results last week, the company focused on its Thacker Pass project in Nevada. A federal court ruling on a key challenge to the mine is due in the third quarter of the year. The company is working on a feasibility study with a targeted capacity of 40,000 tons per year and an expansion to an eventual total capacity of 80,000 tonnes per year.

Sigma Lithium recently upgraded its feasibility study of its Grota do Cirilo project in Brazil, citing an internal rate of return of 424% and a payback period of four months. The company now believes that the project includes 33.6 million tonnes of reserves and 58.9 million tonnes of total estimated resources.

In late March, Piedmont closed an underwritten offer of 2.01 million shares of common stock, raising gross proceeds of $130.8 million. The company said it plans to use the funds to restart operations at a project in Quebec, conduct a feasibility study for a potential project in Ghana, and continue development of its project in North Carolina.

Standard Lithium’s flagship project is the Lanxess direct lithium extraction plant in southern Arkansas. The Lanxess plant is a demonstration project, and the company says it is also pursuing development of some 30,000 acres of brine leases in southwest Arkansas and 45,000 acres of mineral leases in southern California’s Mojave Desert.

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