Date:Apr 27, 2018
The vanadium stocks on our list should continue to benefit from the battery metals boom
SmallCapPower | April 26, 2018: 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%
