Date:Apr 27, 2018
The vanadium stocks on our list should continue to benefit from the battery metals boom
While it hasn’t received as much coverage as lithium and cobalt, the price of vanadium has seen a significant increase, surging 459% since the start of 2016, compared to cobalt’s gain of 277%. Vanadium is generally used in steel alloys, but also has significant applications as a battery metal, with vanadium-based batteries having longer lifetimes, lower heat levels, and no risk of combustion. The Canada-listed vanadium stocks on our list today would likely benefit from a continued rally in the vanadium price.
Largo Resources Ltd. (TSX:LGO) – $1.72
Vanadium
Largo Resources is a Canada-based pure vanadium producer operating its Macaras Menchen Mine in Bahia, Brazil. The Macaras Menchen mine is an open-pit mine that began production in August 2014, hosting 19.0Mt grading 1.1% V2O5. The mine is guided to produce 8,950 – 9,950t of V2O5, in both high purity flakes/powder and regular flakes. The Company has a 100% offtake agreement with Glencore (LSE:GLEN).
Market Cap: $891.4 Million
1 Month Total Return: 28.4%
YTD Total Return: 29.3%
2017 Total Return: 171.4%
Stina Resources Ltd. (CSE:SQA) – $0.70
Vanadium
Stina Resources aims to become North America’s first vertically-integrated producer of vanadium and vanadium electrolytes. The Company’s Bisoni-Rio asset in Nevada spans 4,100 acres of historically-explored land. On March 15, the Company acquired Jet Power and Control Systems, a manufacturer of power control systems for US$1.6M.
Market Cap: $79.0 Million
1 Month Total Return: 32.1%
YTD Total Return: 250.0%
2017 Total Return: 100.0%
