2020 saw a surge in investor interest in lithium stocks, particularly in Canada, as investors capitalized on the rise of the electric vehicle sector. The likes of Tesla have popularized this sector, and the future of them looks bright. Lithium is a key component in the making of electric batteries, making it the ultimate commodity to invest in for this exciting industry. If the trend of electric vehicles continues and more people switch from petrol-powered cars to electric ones, the Canadian Lithium stocks of 2023 could be some of the most lucrative investments on the market.
The demand for electric vehicles and lithium stocks have been rising over the last few years and this growth is set to carry on for at least the next two years. With this in mind, we have compiled the Top 5 Canadian Lithium stocks of 2023. These companies have proven their ability to capitalize on the trend and have already shown strong performance throughout 2020.
The first company that makes the list is Tesla: The leader in electric vehicle development. Tesla currently owns the biggest market share of Electric vehicles, having sold over 500,000 units in 2020. With world-famous CEO Elon Musk driving the ship, Tesla has unsurprisingly become one of the most successful stocks of 2020, and experts are expecting it to continue its success into the following years with their Model X and Model S cars. Tesla has been Americas highest market cap company for some time, and this trend is set to continue in 2021.
Next on the list is North American Lithium Inc. (NAL). NAL is a Canadian-based junior mining company that specializes in the extraction and processing of lithium ore. As demand for lithium has increased, NALs share price has surged, and they are looking to capitalize on the lucrative sector even further. NAL has already had a successful year, striking success in their latest projects and acquiring new properties for their business.
Thirdly, we have Advantage Lithium Corp. (ALD), a Lithium explorer headquartered in Vancouver. ALD has already had a great year in 2020, and with their ambitious plans they are set to be one of the top Lithium stocks of the next few years. ALD already has a portfolio of many Lithium projects, and they are planning to expand even further.
The fourth company on this list is Brinegard Exploration and Mining. Brinegard is a Canadian junior miner that focuses exclusively on the exploration of lithium. They already own five lithium properties across Canada and the USA and have a further pocket of potential properties they want to acquire in the future. Brinegard have already seen a bump on their stock price and continue to be one of best investments in the market.
Lastly, we have Energizer Resources Inc. (EGZ), another one of Canadas top lithium stocks. EGZ is a mineral exploration company focused on the exploration and development of mine assets. Recently they have acquired a property in Madagascar, giving them access to a major Lithium source with major potential.
These five companies offer the investors amongst us the perfect stocks to capitalize on the booming lithium market of 2023. All five have great fundamentals, professional management teams, and all the attributes of a great investment opportunity. Don’t miss out on the chance to grab a slice of the lithium pie, it could be the investment opportunity you’ve been looking for.
“Uncovering the Top 5 Canadain Lithium Stocks to Watch in 2023
