Name of opportunity: 👀
Lithium Americas Corp
One of today’s top gainers: 🔝
Currently a 'penny stock' because its price is so low, Lithium Americas Corp is among the 50 stocks available through Nemo that have gained the most in value today. In the past day alone, LAC has increased in value by 9.63% at the time of writing.
Lithium Americas is a lithium mining company that split last year into Lithium North America (LAC, this stock) and Lithium Americas Argentina (LAAC). While LAC stock fell in price after the split, it now seems to be rising again, which might be connected to the company’s big US project, Thacker Pass.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Lithium Americas Corp. will increase from $2.96 to $10.94 in the next 12 months. If you invested $1000, you might profit $576.01.
Thacker Pass, the company’s proposed lithium mine in Nevada, has already received funding from its main shareholder General Motors and has also been promised a $2.26 billion loan from the US government. At the end of August, General Motors agreed to postpone the second half of its investment while Lithium Americas explores other options. The mine, when it opens, could become a major employer in the area and make the US a major player in lithium mining.
Lithium batteries are much needed in the electric vehicle industry for its use in rechargable batteries. Back in September, lithium stock prices rose with the news that massive Chinese company Contemporary Amperex Technology Co had stopped production at one of its lithium mines, lowering the worldwide production. Whatever the exact reason behind the current spike, Lithium Americas is on the up right now - so it might be a time for investors to get hold of this stock before it gets higher.
Mega mine: ⛏️
Lithium Americas Corp., formerly Western Lithium USA Corp., is a resource company. This Canadian company is headquartered in Vancouver, Canada. Thacker Pass is expected to launch full production in 2027.
Which neme?: 🔍
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