Skip to main content

North America’s Lithium Hot Spot Hits Record Results

FN Media Group Presents Market Commentary


London – February 23, 2023 – With EV sales set to triple by 2026 and auto giants committing tens of billions of dollars in a massive push to boost battery production for American EVs, the race to the finish line for new lithium supplies will help define this space in 2023.  Mentioned in today’s commentary includes:  Lithium Americas Corp. (NYSE: LAC), Turquoise Hill Resources Ltd. (NYSE: TRQ), Teck Resources (NYSE: TECK), Albemarle Corporation (NYSE: ALB), Sociedad Química y Minera de Chile (NYSE: SQM).


The defining venues for North America will be the U.S. northwest and Canada, where explorers are starting to return impressive drilling results that could set the stage for the next phase of lithium supply. This is paramount to meeting soaring demand.


That’s why lithium mining stocks have been flying.


Patriot Battery Metals Inc (PMET) is up over 174% year-to-date…


Lithium Ionic Corp (LTH) has gained nearly 60% in the same time period, and Lithium Bank Resources Corp (LBNK) is up over 31% …


Lithium Americas Corp (LAC) is up 37% YTD and giant Albemarle (ALB) has surged over 22%.


And now, exploration and development company —EMP Metals Corp (EMPS, EMPPF) —has released drilling results that represent the highest-known recorded lithium brine concentrations found in Canada to date, according to the company and based on publicly available data.


EMP is focused on low-cost, high-impact lithium exploration projects, and the Duperow Formation, where much of the lithium investor attention is now focused, is exactly that. This is where EMP is drilling on over 212,000 acres, holding 37 permits.


2023 Is All About New Lithium Drilling Results


Swab tests on EMP’s 2-22-007-9W2/0 well at Viewfield confirmed high lithium concentrations ranging from 94 to 259 mg/1 within 6 zones targeted for future development within the Duperow Formation:


  • The Wymark E zone tested an average of 220 mg/l from a 3.61 m thick zone with average porosity of 14.2%.
  • The Wymark D zone tested an average of 259 mg/l from a 10.6 m thick zone with average porosity of 20.4%.
  • The Wymark C zone tested an average of 167 mg/l from a 10.3 m thick zone with average porosity of 14.1%.
  • The Wymark B zone tested an average of 97 mg/l from a 16.4 m thick zone with average porosity of 16.2%.
  • The Wymark A zone tested an average of 94 mg/l from a 8.9 m thick zone with average porosity of 14.0%.
  • The Saskatoon A zone tested up to 152 mg/l from a 10.6 m thick zone with average porosity of 14.0%.


In flow tests, all zones showed lithium concentrations ranging from 200-203 mg/L when tested together.


While these numbers might not mean much to anyone’s who’s not a geologist, when you compare them to other drilling results in Canada to date, it looks like good news for investors.


According to EMP, to date, the highest concentrations recorded in Canada have come from Saskatchewan and the government’s Midale test well, also in the Duperow Formation, which showed lithium concentrations of 190 mg/L.


That means that EMP’s latest lithium brine test results appear to be of higher concentrations than anything previously recorded by the Canadian government.


The Momentum Keeps Building


Last year, EMP (EMPS, EMPPF) started to gain solid traction with an aggressive drill campaign on its 212,000 acres in Canada’s Saskatchewan region. That early drilling paid off. It’s first test well on its Mansur Permit Area returned impressive concentrations.


Just two weeks ago, EMP completed the flow test of its second Mansur test well, showing concentrations of up to 148 mg/L.


So far, EMP is ticking all the right boxes …It’s a new entrant in the number one region for new lithium exploration in North America—and at a time when the energy transition is all about securing supply and auto giants are desperate for lithium security.


Tesla plans to triple lithium-ion cell output at its Reno, Nevada gigafactory…That’s no surprise when you look at Q4 results. Tesla produced over 439,000 vehicles and delivered over 405,000 vehicles, with deliveries surging 40% in 2022 and production soaring 47% YoY.


Volvo’s electric car sales have tripled despite the rising cost of raw materials, and the auto giant is in advanced talks on possible lithium mining of its own …


Scoring the highest lithium concentrations in Canada to date, could give this stock some significant impetus and investors will be watching what happens next very closely. EMP’s 212,000+ acres could become some of the hottest lithium real estate around.


Spot prices for lithium carbonate skyrocketed for nearly two years until November last year, surging nearly 12X from early 2021 to November 2022, with demand outpacing supply heavily. It’s meant huge profits for miners. By December, those prices started to decline somewhat, but 2023 is still expected to see high-priced lithium.


The trick here for new entrants is not betting everything on the present if Lithium prices do ease despite the ongoing supply crunch and strong global EV sales. And established companies already know this:


Lithium Americas Corp. (NYSE: LAC) has been a prominent pure-play lithium company in North America for over thirty years, having started operations in Argentina. With two world-class projects, the company is well-positioned to benefit from the increasing demand.


LAC recognizes the growing interest among investors for responsible and sustainable mining practices. Therefore, one of its primary objectives is to create a positive impact on society and the environment through its projects.


Turquoise Hill Resources Ltd. (NYSE: TRQ) is a significant contributor to Canada’s resource and mineral sector. The company has been a major producer of coal and zinc, two resources with vastly different trajectories. Despite the fact that coal is already being phased out, zinc is a mineral that will continue to play a significant role in the future of energy for years to come.


As copper is a critical component in the world’s transition to renewable energy, TRQ recognizes the importance of responsible mining and the need to meet evolving environmental, social, and governance standards. Through its copper operations and other initiatives, Turquoise Hill is leading the way towards a more sustainable and equitable future for the mining industry.


Teck Resources (NYSE: TECK) boasts one of the most diversified mining portfolios in the market, with a wide array of assets in copper, zinc, energy, gold, silver, molybdenum, and even oil. With a strong free cash flow and a favorable outlook for base metals’ reduced volatility, Teck has the potential to become one of the most promising mining companies this year.


In fall, Teck Resources obtained regulatory approval for a share buyback plan, indicating that the company views its stock price as undervalued. Under this program, the company is authorized to purchase up to 40 million Class B shares over the next year.


Albemarle Corporation (NYSE: ALB) and Sociedad Química y Minera de Chile (NYSE: SQM)  are the two biggest lithium producers, both of which have recently announced expansion projects and long-term supply deals as they prepare for the growth of the EV market and the energy transition. As established carmakers such as GM and Jaguar join Tesla and Chinese start-ups in the EV market, the biggest lithium producers are ramping up their efforts to meet the increasing demand for lithium.


In December, SQM signed a long-term supply agreement with LG Energy Solution, a major supplier of batteries to carmakers such as Tesla and GM. Under the deal, SQM will supply battery-grade lithium carbonate and lithium hydroxide to LG Energy Solution between 2021 and 2029.


SQM anticipates that the lithium industry will grow at a rate of approximately 20 percent per year in the long term, driven by the increasing demand for EVs and the global push to reduce emissions.


With a strong focus on sustainability and responsible mining practices, both Albemarle and SQM are well-positioned to capitalize on the growing demand for lithium and play a key role in the transition towards a more sustainable energy future.




PAID ADVERTISEMENT. This article is a paid advertisement.  Fortyfive Media and its owners, managers, employees, and assigns (collectively “the Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by EMP Metals Corp. (EMPS) (EMPPF) to conduct investor awareness advertising and marketing. EMP Metals paid the Publisher to produce and disseminate this article and related banner ads for fifty thousand dollars. This compensation should be viewed as a major conflict with our ability to be unbiased.


Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to hurt share prices. Frequently companies profiled in our articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in volume and share price may likely occur.


This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position. The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser. This communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results. This communication is based on information generally available to the public and on interviews with company management, and does not (to the Publisher’s knowledge, as confirmed by EMP Metals) contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher cannot guarantee the accuracy or completeness of the information.


SHARE OWNERSHIP. The Publisher owns shares and / or options of the featured company and therefore has an additional incentive to see the featured company’s stock perform well. The Publisher does not undertake any obligation to notify the market when it decides to buy or sell shares of the issuer in the market. The Publisher will be buying and selling shares of the featured company for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.


FORWARD LOOKING STATEMENTS. This publication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. The Publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the companies’ actual results of operations. Factors that could cause actual results to differ include, but are not limited to, the size and growth of the market for the companies’ products and services, the companies’ ability to fund its capital requirements in the near term and long term, pricing pressures, etc.


INDEMNIFICATION/RELEASE OF LIABILITY. By reading this communication, you acknowledge that you have read and understand this disclaimer, and further that to the greatest extent permitted under law, you release the Publisher, its affiliates, assigns and successors from any and all liability, damages, and injury from this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.


TERMS OF USE. By reading this communication you agree that you have reviewed and fully agree to the Terms of Use found here If you do not agree to the Terms of Use, please contact to discontinue receiving future communications.


INTELLECTUAL PROPERTY. is the Publisher’s trademark. All other trademarks used in this communication are the property of their respective trademark holders. The Publisher is not affiliated, connected, or associated with, and is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks.


DISCLAIMER: is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with or any company mentioned herein.  The commentary, views and opinions expressed in this release by are solely those of and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.


This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.


Contact Information:

Media Contact e-mail:  U.S. Phone: +1(954)345-0611



The post North America’s Lithium Hot Spot Hits Record Results appeared first on Financial News Media.

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.