Lithium Junior Miners News For The Month Of May 2023

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Welcome to the May 2023 edition of the 'junior' lithium miner news. We have categorized those lithium miners that won't likely be in production before 2024 as the juniors. Investors are reminded that many of the lithium juniors will most likely be needed in the mid and late 2020's to supply the booming electric vehicle [EV] and energy storage markets. This means investing in these companies requires a higher risk tolerance and a longer time frame.

May saw another very busy month of news from the lithium juniors.

It is good to remember the Benchmark Minerals Intelligence forecast that the world will need 78 new lithium mines from 2022 to 2035. Or Trend Investing's forecast that lithium demand will increase 35x from 2020 to 2037. At Tesla 2023 Shareholder Meeting Elon Musk said the world needs to increase battery production by 29X/year from now to reach a 100% renewable energy world.

Asian Metal reported during the past 30 days, the 99.5% China delivered lithium carbonate spot price was up 44% and the China lithium hydroxide price was up 14.7%. The Lithium Iron Phosphate (Li 3.9% min) price was up 8.96%.

Metal.com reported lithium spodumene concentrate (6%, CIF China) average price of USD 4,120/t, as of May 24, 2023.

China lithium carbonate spot price 5 year chart - CNY 227,500 (~USD 32,197) (source)

Trading Economics

Rio Tinto forecasts lithium emerging supply gap (chart from 2021) - 60 new mines the size of Jadar needed

Rio Tinto

For a summary of the latest lithium market news and the "major" lithium company's news, investors can read: "Lithium Miners News For The Month Of May 2023" article. Highlights include:

The Mt Holland Lithium Project is a 50/50 JV between Wesfarmers [ASX:WES] (OTCPK:WFAFF) and SQM (SQM), located in Western Australia. There is also a proposal for a refinery located in WA. More details here at: Progress at the Mt Holland lithium project where Wesfarmers state: "Construction of the mine, concentrator and refinery is underway with first production expected in 2024."

On May 2 The West Australian reported:

Wesfarmers seeks high value acquisitions in lithium for group renewal. Wesfarmers is open to further deals in the lithium space and healthcare as it flags it is seeking high value "bolt-on acquisitions" to grow its portfolio...

You can view the latest company presentation here.

Upcoming catalysts include:

Liontown Resources 100% own the Kathleen Valley Lithium spodumene project in Western Australia. Mostly funded to production.

On April 28 Liontown Resources announced: "Quarterly activities report for the period ended 31 March 2023." Highlights include:

On May 10 Liontown Resources announced: "Liontown awards Open Pit Mining Services Contract."

You can view the company's latest presentation here.

Upcoming catalysts include:

Leo Lithium is developing the Goulamina Lithium Project (50/50 JV with Ganfeng Lithium) in Mali with a total Resource of 142.3 Mt @ 1.38% Li2O targeting a production start in mid 2024.

On April 27 Leo Lithium Limited announced: "Goulamina Project mid-term status update. Mid-term review demonstrates project on track to deliver first spodumene by Q2, 2024. Ongoing optimisation work and improved cost visibility has resulted in an updated capital estimate reflecting DFS scope changes, which includes an accelerated mining ramp up, and industry-wide cost escalation to a lesser extent. Despite minor revisions, Leo Lithium remains a top tier, low-cost producer." Highlights include:

On April 28 Leo Lithium Limited announced: "Quarterly report for the quarter ended 31 March 2023. Goulamina Lithium Project: Construction on track, Resource set to grow, and DSO swiftly materialising."

On May 24 Leo Lithium Limited announced: "Drilling delivers thick high-grade mineralisation outside of current resource." Highlights include:

You can view the company presentation here.

Upcoming catalysts include:

Investors can read the recent Trend Investing article on Leo Lithium here.

Eramet is in a JV 'Eramine Sudamerica' (50.1% Eramet, 49.9% Tsingshan) which owns the Centenario-Ratones Lithium Project in Argentina. Eramet targets to start DLE production by early 2024.

On April 27 Eramet announced: "Eramet: Q1 2023 turnover of €775m." Highlights include:

On May 11 Eramet announced: "Eramet accelerates its CSR commitment with the launch of its first audit within the Initiative for Responsible Mining Assurance system."

Investors can read the recent Trend Investing article on Eramet here.

POSCO owns the northern Sal de Vida (Hombre Muerto salar, Argentina) tenements bought from Galaxy Resources (now Allkem). POSCO targets to start DLE production by H1, 2024.

On May 2 KED Global reported:

POSCO to spend $900 mn to expand lithium, cathode output in Korea. The S.Korean steel giant plans to produce total 150,000 tons of cathodes and run 3 lithium refining plants in Gwangyang by 2025.

On May 10 Fastmarkets reported:

POSCO teams up with China's Huayou to build battery material plant in S Korea. POSCO has signed a preliminary agreement with Chinese battery material company Huayou Cobalt to build a nickel sulfate refining and precursor plant in South Korea...The joint venture project is expected to go into commercial operations in 2027, according to domestic media in South Korea.

On May 22 The West Australian reported:

Pilbara Minerals partner POSCO lauds South Korea as cheaper option for lithium hydroxide plant...POSCO has partnered with several WA mining companies, including Gina Rinehart's Hancock Prospecting — through which it holds a 12.5 per cent stake in the Roy Hill iron ore mine — and Pilbara Minerals on a lithium hydroxide plant in the South Korean city of Gwangyang.

Upcoming catalysts include:

Atlantic Lithium is progressing its Ewoyaa Project in Ghana towards production. Piedmont Lithium has a 50% project earn-in share.

On April 28 Atlantic Lithium Limited announced: "Corporate update. Quarterly activities and cash flow report for the quarter ended 31 March 2023..."

On May 16 Atlantic Lithium Limited announced:

Appointment of Chief Executive Officer. Changes aligned with strategy to strengthen mine operating skills. Atlantic Lithium...is pleased to announce the appointments of Keith Muller as Chief Executive Officer ("CEO") and Len Kolff as Head of Business Development & Chief Geologist, both effective immediately.

Upcoming catalysts include:

Vulcan Energy Resources state that they have "the largest lithium resource in Europe" with a total of 15.85mt LCE, at an average lithium grade of 181 mg/L. The Company is in the development stage developing a geothermal lithium brine operation (geothermal energy plus lithium extraction plants) in the Upper Rhine Valley of Germany.

On April 27 Vulcan Energy Resources announced:

Agreement for proposed strategic partnership for Central Lithium Plant including equity financing. Vulcan Energy Resources Ltd. (Vulcan, the Company; ASX: VUL) has signed a Term Sheet agreement with Nobian GmbH (Nobian) for the formation of a 50/50 joint venture over, and equity financing of, Vulcan's Central Lithium Plant (CLP), which forms part of Vulcan's Zero Carbon Lithium™ Project (Transaction)...Nobian shall contribute EUR 161 million (approximately A$265m) in cash as equity to fund CAPEX for the CLP, to acquire 50% of the SPV2 Joint Venture, on the basis of an agreed pre-money valuation of EUR 322 million for the CLP SPV2...It is expected that Nobian's equity contribution, alongside expected project debt finance to be obtained by the Company, which BNP Paribas, Vulcan's financial advisor, is assisting Vulcan on arranging, will fully cover the funding requirement for the CLP...

On April 28 Vulcan Energy Resources announced: "Quarterly activities report March 2023." Highlights include:

On May 17 Vulcan Energy Resources announced:

Zero Carbon Lithium™ Project update...Crystallizer developed by Novopro has been successfully installed in the Vulcan Lithium Extraction Optimisation Plant (LEOP) in Landau...

Upcoming catalysts include:

On May 16 Critical Elements Lithium Corp. announced: "Critical Elements Lithium: Rose drilling results and corporate update." Highlights include:

Investors can view the company's latest presentation here.

Upcoming catalysts include:

You can read the latest Trend Investing Critical Elements Lithium article here.

On May 9 Standard Lithium announced:

Standard Lithium signs Joint Development Agreement with Koch Technology Solutions...to share data and jointly develop and commercialize integrated lithium brine processing flowsheets for Standard Lithium's exclusive use in the Smackover Formation...

On May 11 Standard Lithium announced:

Standard Lithium reports fiscal third quarter 2023 results. Expands Project Portfolio to include Resource-Rich Texas Opportunity. Advances Work Supporting Flagship Arkansas Projects Feasibility Studies...

On May 23 Standard Lithium announced:

Standard Lithium drills and samples highest confirmed grade lithium brine in Arkansas...This recent infill drilling work to further define the lithium resource has resulted in a marked upside to the in-situ lithium grade. In our experience, the grade of lithium in brine used for Direct Lithium Extraction (DLE) has a meaningful impact on both capital expenditures and operating costs in connection with the extraction process, so a higher grade typically results in lower overall costs...

ioneer ltd. announced in September 2021 the sale of 50% of its flagship lithium boron project to Sibanye Stillwater for US$490m.

On April 26 ioneer Ltd announced: "Mineral Resource increases by 168% to 3.4 Mt lithium carbonate underscores growth potential for U.S. supply chain."

On April 27 ioneer Ltd announced: "Quarterly activities report for the period ending 31 March, 2023." Highlights include:

On May 10 ioneer Ltd announced: "Ioneer and Dragonfly Energy Partnership to strengthen U.S. Lithium Battery and Storage Supply Chain."

Upcoming catalysts include:

AVZ Minerals owns 51% of its Manono Lithium & Tin Project in the DRC, after selling 24% of it to Suzhou CATH Energy Technologies for US240m. DRC-owned firm Cominiere has a 25% share.

On April 28 AVZ Minerals announced: "Activities report for the quarter ending 31 March 2023." Highlights include:

On May 8 AVZ Minerals announced:

Favourable ruling in ICC Emergency Arbitration proceedings against Cominière...Cominière is prevented from taking any action or taking any steps, that would result from the implementation of the termination of the Dathcom JVA and/or the consequences of such termination, until the final award on the merits of the broader Cominière Arbitration Proceedings is made...

On May 15 AVZ Minerals announced:

Receipt of request for ICC Arbitration proceedings from Cominière and Jin Cheng...

Upcoming catalysts include:

Note: July 2022 - AVZ Minerals ‘confident’ despite Manono dispute remaining unresolved

On April 26 Global Lithium Resources announced: "Mining lease application lodged for Manna Lithium Project. Technical De-Risking Workstreams Commenced."

On April 28 Global Lithium Resources announced: "Quarterly report for the period ending 31 March 2023." Highlights include:

On May 3 Global Lithium Resources announced: "Large scale exploration programs underway."

Lake Resources own the Kachi Lithium Brine Project in Argentina. Lake has been working with Lilac Solutions Technology (private, and backed by Bill Gates) for direct lithium extraction and rapid lithium processing.

On April 28 Lake Resources NL announced:

Quarterly report for the quarter ended 31 March 2023...Definitive Feasibility Study [DFS] and Environmental Social Impact Assessment (ESIA) studies continue with demonstration plant validation required prior to completion of the DFS. Completion of DFS is expected in mid-2023. Lake is well funded with a cash balance of $A113 million and no debt at 31 March 2023.

On April 28 European Lithium Ltd. announced: "European Lithium and Obeikan update." Highlights include:

On May 10 European Lithium Ltd. announced: "Update on NASDAQ Listing." Highlights include:

Upcoming catalysts include:

No news for the month.

Upcoming catalysts include:

On April 28 European Metals Holdings announced:

Quarterly activities report March 2023. During the reporting period, the Company made two very significant announcements with respect to the delivery of the Cinovec Project. Firstly, European Metals was pleased to announce that the Cinovec Project had been declared a Strategic Project...Secondly, European Metals announced the appointment of DRA Global Limited ("DRA") to complete the Definitive Feasibility Study ("DFS") for the Cinovec Project in the Czech Republic...

On May 18 European Metals Holdings announced: "Czech PM visits Cinovec, signs key MoC with PM of Saxony." Highlights include:

On May 25 European Metals Holdings announced: "Testwork realises continued outstanding lithium recoveries." Highlights include:

Upcoming catalysts include:

You can read a recent Trend Investing update article on EMH here.

Galan is developing their flagship Hombre Muerto West ("HMW") Lithium Project located on the west side edge of the high grade, low impurity Hombre Muerto salar in Argentina.

On April 28 Galan Lithium announced: "Quarterly activities report March 2023." Highlights include:

Hombre Muerto West (HMW) DFS:

Candelas

Greenbushes South:

Corporate:

On May 1 Galan Lithium announced: "Galan's 100% owned HMW Project resource increases to 6.6Mt LCE @ 880 mg/l Li (72% in measured category)."

On May 5 Galan Lithium announced:

Addendum to announcement Galan's 100% owned HMW Project resource increases to 6.6Mt LCE @ 880 mg/l Li (72% in measured category)...

On May 22 Galan Lithium announced:

Galan completes strongly supported A$31.5 million Institutional Placement to accelerate development of its Strategic Lithium Projects...Galan well-funded with pro-forma cash position of approximately A$50 million on completion of the Placement.

Century Lithium Corp. owns tenements in the Clayton Valley, Nevada, USA.

No news for the month.

Frontier Lithium own the PAK Lithium (spodumene) Project comprising 26,774 hectares and located 175 kilometers north of Red Lake in northwestern Ontario. The PAK deposit is a lithium-cesium-tantalum [LCT] type pegmatite containing high-purity, technical-grade spodumene (below 0.1% iron oxide).

May 9 Frontier Lithium announced: "Frontier Lithium announces filing of technical report on the Spark Lithium resource and provides initial results on the 2023 Exploration Program." Highlights include:

Investors can read the recent Trend Investing article here and the recent CEO interview here.

Patriot Battery Metals own the Corvette Lithium Project in James Bay, Quebec. No resource yet but some great long length drill results.

On May 1 Patriot Battery Metals announced: "Patriot extends strike length of the CV5 pegmatite to 3.7 km, Corvette Property, Quebec, Canada."

On May 16 Patriot Battery Metals announced: "Patriot drills 122.6 m at 1.89% Li2O, including 8.1 m at 5.01% Li2O, and Extends High-Grade Nova Zone, at the CV5 Pegmatite, Corvette Property, Quebec, Canada." Highlights include:

Investors can read the Trend Investing article here.

LRS' flagship is the 100% owned Salinas Lithium Project in the pro-mining district of Minas Gerais, Brazil. The Salinas Project has a maiden Indicated & Inferred JORC Mineral Resource estimate of 13.3Mt @ 1.2% Li2O at the Colina deposit.

On April 28 Latin Resources Ltd announced: "Quarterly activities report for the period ending 31 March 2023." Highlights include:

Salinas Lithium Project, Brazil

Corporate

On May 2 Latin Resources Ltd announced:

Colina continues to impress. Diamond drilling on-track for june resource update. SADD087: 9.02m @ 2.06% Li 2O from 221.39m. SADD089: 18.21m @ 1.90% Li 2O from 212.72m. SADD091: 15.92m @ 1.64% Li 2O from 290.29m.

On May 18 Latin Resources Ltd announced:

New drilling confirms Colina lithium pegmatites extend to over 2.0 kms. Diamond drilling for June resource update completed.

You can read the very recent Trend Investing article that discusses Latin Resources here.

LPI owns 100% of the Maricunga Lithium Brine Project in Chile, plus plans to demerge its Australian assets into a new company called Western Lithium Ltd.

On April 28 Lithium Power International announced: "Activity report for the quarter ended March 2023." Highlights include:

Upcoming catalysts:

On May 8 American Lithium Corp. announced:

American Lithium receives first of 3 drill permits to commence additional development and discovery drilling at and around Falchani Peru.

Wealth Minerals has a portfolio of lithium assets in Chile, such as 46,200 Has at Atacama, 8,700 Has at Laguna Verde, 6,000 Has at Trinity, 10,500 Has at Five Salars. Also the right to acquire a 100% interest in the Ignace REE Lithium Property in Ontario, Canada.

On May 16 Wealth Minerals announced: "Wealth Minerals engages Francisco Lepeley as CEO Wealth Minerals Chile SpA..."

Investors can view the company's latest presentation here.

E3 Lithium Ltd. is a lithium development company focused on commercializing its extraction technology and advancing the world's 7th largest lithium resource with operations in Alberta. E3 has an Inferred Resource of 24.3mt LCE.

On May 16 E3 Lithium Ltd. announced: "E3 Lithium begins Field Pilot Plant Site Construction..."

You can read the company's latest presentation here.

Nevada Lithium has an arrangement to own 100% of the Bonnie Claire Project in Nevada, USA; with an Inferred Resource of 18.68 million tonnes LCE.

No news for the month.

On May 5 Bloomberg reported: "Rio Tinto cautions against takeover fever after lithium's dramatic price slump." Highlights include:

On May 16 Lithium South Development Corp. announced:

Lithium South drills monitoring wells on Tramo Property – A major milestone toward reserve estimation...Lithium South is providing final results for the recently completed resource expansion drilling program at the 5,687-hectare HMN Li Project in Salta Province, Argentina. The program was comprised of eight core holes, seven located on the Alba Sabrina claim block (2089 hectares) and one on the Natalia Maria claim block (115 hectares). Combined with the previously drilled Tramo claim block (383 hectares) the Company has now evaluated 70% of the owned salar surface area.

Lithium South Development Corp.

You can view a recent Trend Investing Lithium South CEO interview here.

On May 2 Alpha Lithium announced:

Alpha Lithium nears completion of Pilot Plant at Tolillar Salar, Argentina.

On May 23 Alpha Lithium announced:

Alpha Lithium comments on unsolicited and non-binding acquisition proposal. Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) ("Alpha" or the "Company"), wishes to comment on the announcement by Tecpetrol Investments S.L. ("Tecpetrol") of its unsolicited and non-binding offer to acquire the issued and outstanding common shares of the Company for cash consideration of $1.24 per share (the "Offer")...Alpha's board of directors has conducted a review and assessment of the Offer and determined it to be opportunistic, and not in the best interests of Alpha or its shareholders.

Avalon has three projects in Ontario, Canada, and five in total throughout Canada. Avalon's most advanced project is the Separation Rapids Lithium Project in Ontario with a M& I Petalite Zone Resource of 6.28mt grading 1.37% Li2O, plus an Inferred Resource of 0.94mt at 1.3%. Avalon also has a Partnership JV Agreement with Indian conglomerate Essar to establish Ontario's first regional lithium battery materials refinery in Thunder Bay.

On May 4 Avalon Advanced Materials announced:

Avalon expands resource potential at Separation Rapids Lithium Project, Kenora ON...Thirteen holes totalling 4179 metres were drilled on the central main mass depth extensions of the resource. Of note, the final hole totalled 570 metres vertically through the deposit and confirmed visual petalite mineralization to a depth of 565 metres. This increases the potential depth of the deposit by 80% from the previously tested 315 metres deepest intercept...In summary, drilling tested the deposit to depth, over a 300 metre strike length in the main part of the deposit ("The Big Whopper") with mineralization exceeding the 0.5% Li2O cutoff grade encountered in all but one of the holes. Notable mineralized intervals (all widths estimated true width unless otherwise stated) include 1.67% Li2O over 19.6 metres (SR-22-81), 1.20% Li2O over 27.5 metres (SR-23-83) and 1.8% Li2O over 9.63 metres contained within 0.96% Li 2O over 45 metres (SR-23-86)...

On May 15 Avalon Advanced Materials announced: "Avalon outlines strategic direction and provides update on 2023 activities." Highlights include:

On May 19 Avalon Advanced Materials announced:

Avalon announces CEO retirement...Don Bubar. Don will continue to serve on Avalon's Board of Directors. Scott Monteith, who was appointed to Avalon's Board of Directors in May 2023, will assume the role of Interim CEO.

No news for the month.

Essential Metals has 9 projects (lithium, gold, gold JV, and nickel JV) all in Western Australia. Their flagship Pioneer Dome Lithium (spodumene) Project has a JORC Compliant Total Resource of 11.2Mt at 1.16% Li2O.

On May 11 Essential Metals announced:

Pioneer Dome Lithium Project & corporate update. Lithium-focused exploration and feasibility study activities are ramping up as Essential re-engages with potential off-take and funding partners.

Green Technology Metals [ASX:GT1] ("GT1") has several very promising lithium projects near Thunder Bay in Ontario, Canada.

On April 28 Green Technology Metals announced: "Quarterly activities report for the quarter ended 31 March 2023." Highlights include:

Root

On May 1 Green Technology Metals announced: "High-grade lithium results in stacked pegmatites up to 18m thick at Root Bay." Highlights include:

Root Bay Prospect

Morrison Prospect

On May 19 Green Technology Metals announced: "A$20m Strategic Investment and Offtake Term Sheet with LG Energy Solution."

On April 26 Winsome Resources announced: "Quarterly report period ending 31 March 2023." Highlights include:

Drilling & Exploration

On May 10 Winsome Resources announced: "Discovery of new lithium bearing pegmatite dyke swarm at Adina." Highlights include:

You can view the Aug. 2022 Trend Investing article on Winsome Resources here, when it was at A$0.26.

On May 1 Market Screener reported: "International Lithium Corp. reports earnings results for the full year ended December 31, 2022."

On May 1 Lithium Energy Limited announced: "Massive intersections of Lithium rich brine confirm World Class Potential of Solaroz Lithium Project." Highlights include:

On May 12 Lithium Energy Limited announced: "Massive intersections of brine continue at Solaroz at up to ~780 Metre Depth."

On May 15 Lithium Energy Limited announced: "Further assays confirm significant lithium brine concentrations accross massive intersections at Solaroz."

On May 19 Lithium Energy Limited announced:

Hole 6 commences at Solaroz Lithium Brine Project with Third Drilling Rig... Lithium Energy has commenced drilling the sixth diamond drill hole (SOZDD006) of its initial 10 hole, 5,000 metre resource definition drilling programme at Solaroz...

On May 3 Argentina Lithium and Energy Corp. announced:

Argentina Lithium announces corporate update. Argentina Lithium & Energy Corp... is pleased to announce that it has retained Zoppa Media Group ("Zoppa") to act as an investor relations consultant to the Company, to assist with corporate finance and investor relations programs...

You can read a Trend Investing CEO interview here.

On May 15 Rock Tech Lithium announced:

Final engineering study and Deutsche Bank mandated for Guben Converter...Estimated post-tax NPV (8% discount rate) of EUR 1,194m (USD 1,246m). Estimated post-tax IRR of 22.3%. Estimated annual EBITDA of EUR 293m (USD 305m); after-tax annual cash flow of EUR 188m (USD 199m). Estimated average battery-grade lithium hydroxide (LHM) prices of 31,771 USD/t, and average. SC6 prices of 1,966 USD/t. Estimated initial capital costs of EUR 730m (USD 762m); payback of 3.6 years after start of production. Preparation for construction has commenced, start of battery-grade LHM production planned for Q1’2026. Deutsche Bank mandated as placement agent for Converter equity financing.

Neometals (OTC:RRSSF) (OTCPK:RDRUY) [ASX:NMT]

On April 26 Neometals reported: "Portugal lithium refinery study confirms step-change Opex of ELi™ technology."

On April 28 Neometals reported: "Quarterly activities report for the quarter ended 31 March 2023." Highlights include:

Corporate

Core Battery Materials Business Units

Lithium-ion Battery ("LIB") Recycling (50% NMT via Primobius GmbH, an incorporated JV with SMS group GmbH)

Lithium Chemicals (earning into potential 50:50 JV with Bondalti Chemicals SA via Reed Advanced Materials Pty Ltd ("RAM") (70% NMT, 30% Mineral Resources Ltd)

Nano One Materials (TSX: NANO) (OTCPK:NNOMF)

On May 11 Nano one Materials announced: "Nano One provides quarterly progress update and reports Q1 2023 results." Highlights include:

On May 17 Nano one Materials announced: "Successful completion of phase two of co-development agreement with leading niobium producer CBMM."

Other lithium juniors

Other juniors include: 5E Advanced Materials Inc [ASX:5EA] (FEAM), ACME Lithium Inc. [CSE:ACME] (OTCQX:ACLHF), American Lithium Minerals Inc. (OTCPK:AMLM), Anson Resources [ASX:ASN] [GR:9MY], Ardiden [ASX:ADV], Arizona Lithium [ASX:AZL] (OTCQB:AZLAF), Atlantic Lithium [LON:ALL] (OTCQX:ALLIF), Atlas Lithium Corp. (ATLX), Azimut Exploration [TSXV:AZM] (OTCQX:OTCQX:AZMTF), Azure Minerals Limited [ASX:AZS], Bastion Minerals [ASX:BMO], Battery Age Minerals [ASX:BM8], Bradda Head Lithium Limited [LON:BHL] (OTCQB:BHLIF) (OTCPK:CDCZF), Brunswick Exploration [TSXV:BRW] (OTCQB:BRWXF), Bryah Resources Ltd [ASX:BYH], Carnaby Resources Ltd [ASX:CNB], Champion Electric Metals Inc. [CSE:LTHM] [FSE:1QB1] (GLDRF), Charger Metals [ASX:CHR], Compass Minerals International (CMP), Cosmos Exploration [ASX:C1X], Critical Resources [ASX:CRR], Cygnus Metals [ASX:CY5], Delta Lithium [ASX:DLI](formerly Red Dirt Metals), Electric Royalties [TSXV:ELEC], Eramet [FR: ERA] (OTCPK:ERMAF) (OTCPK:ERMAY), Foremost Lithium Resources & Technology [CSE:FAT] (OTCPK:FRRSF), Future Battery Minerals [ASX:FBM] (OTCPK:AOUMF), Greenwing Resources Limited [ASX:GW1] (OTCPK:BSSMF), Grounded Lithium [TSXV:GRD] (OTCQB:GRDAF), HeliosX Lithium & Technologies Corp. [TSXV:HX] (formely Dajin Lithium Corp. [TSXV:DJI]), Hannans Ltd [ASX:HNR], Infinity Lithium [ASX:INF], Infinity Stone Ventures (CSE:GEMS) (OTCQB:GEMSF), International Battery Metals [CSE: IBAT] (OTCPK:IBATF), Ion Energy [TSXV:ION], Jadar Resources Limited [ASX:JDR], Jindalee Resources [ASX:JRL] (OTCQX:JNDAF), Jourdan Resources [TSXV:JOR] (OTCQB:JORFF), Kodal Minerals (LSE-AIM:KOD), Larvotto Resources [ASX:LRV], Lepidico [ASX:LPD] (OTCPK:LPDNF), Liberty One Lithium Corp. [TSXV:LBY] (LRTTF), Li-FT Power [CSE:LIFT] [FSE:WS0] (OTCPK:LFTPF), Lithium Australia [ASX:LIT] (OTC:LMMFF), Lithium Chile Inc. [TSXV:LITH][GR:KC3] (OTCPK:LTMCF), Lithium Corp. (OTCQB:LTUM), Lithium Energi Exploration Inc. [TSXV:LEXI](OTCPK:LXENF), Lithium Ionic Corp. [TSXV:LTH] (OTCQB:LTHCF), Lithium Plus Minerals [ASX:LPM], Lithium Springs Limited [ASX:LS1], Loyal Lithium [ASX:LLI], Megado Minerals [ASX:MEG], Metals Australia [ASX:MLS], MetalsTech [ASX:MTC], Midland Exploration [TSXV:MD] (OTCPK:OTCPK:MIDLF), MinRex Resources [ASX:MRR], MGX Minerals [CSE:XMG] (OTC:MGXMF), New Age Metals [TSXV:NAM] (OTCQB:NMTLF), Noram Lithium Corp. [TSXV:NRM] (OTCQB:NRVTF), Oceana Lithium [ASX:OCN], Omnia Metals Group [ASX:OM1], One World Lithium [CSE:OWLI] (OTC:OWRDF), Patriot Lithium [ASX:PAT], Portofino Resources Inc.[TSXV:POR] [GR:POT], Power Metals Corp. [TSXV:PWM] (OTCQB:PWRMF), Power Minerals [ASX:PNN], Prospect Resources [ASX:PSC], Pure Energy Minerals [TSXV:PE] (OTCQB:PEMIF), Pure Resources Limited [ASX:PR1], Q2 Metals [TSXV:QTWO], Quantum Minerals Corp. [TSXV:QMC] (OTCPK:QMCQF), Spearmint Resources Inc [CSE:SPMT] (OTCPK:SPMTF), Spod Lithium Corp. [CSE:SPOD] (EEEXF), Stria Lithium [TSXV:SRA] (OTCPK:SRCAF), Surge Battery Metals Inc. [TSXV:NILI] (OTCPK:NILIF), Tantalex Lithium Resources [CSE:TTX], [FSE:1T0], Tearlach Resources [TSXV:TEA] (OTCPK:TELHF), Tyranna Resources [ASX:TYX], Ultra Lithium Inc. [TSXV:ULI] (OTCQB:ULTXF), United Lithium Corp. [CSE:ULTH] [FWB:0UL] (OTCPK:ULTHF), Vision Lithium Inc. [TSXV:VLI] (OTCQB:ABEPF), Xantippe Resources [ASX:XTC], X-Terra Resources [TSXV:XTT] (OTCPK:XTRRF), Zinnwald Lithium [LN:ZNWD].

May saw lithium chemicals spot prices surge higher and spodumene spot prices higher.

Highlights for the month were:

As usual all comments are welcome.

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.

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Analyst's Disclosure: I/we have a beneficial long position in the shares of GLOBAL X LITHIUM ETF (LIT), AMPLIFY LITHIUM & BATTERY TECHNOLOGY ETF (BATT), ALB, JIANGXI GANFENG LITHIUM [SHE: 2460], ASX:AKE, ASX:PLS, ASX:MIN, LIVENT (LTHM), ADVANCED METALLURGICAL GROUP NV (AMS:AMG), TSX:LAC, ARGOSY MINERALS [ASX:AGY], ASX:LTR, ASX:LLL, ASX:CXO, ASX:SYA, ASX:PLL, ASX:NMT, ASX:1MC, SIGMA LITHIUM [TSXV:SGMA], VULCAN ENERGY RESOURCES [ASX:VUL], GALAN LITHIUM [ASX:GLN], SAVANNAH RESOURCES [XETRA:SAV], LITHIUM SOUTH DEVELOPMENT CORP. [TSXV:LIS], CRITICAL ELEMENTS LITHIUM [TSXV:CRE], WINSOME RESOURCES [ASX:WR1], INTERNATIONAL LITHIUM [TSXV:ILC], GLOBAL LITHIUM RESOURCES [ASX:GL1], EUROPEAN METAL HOLDINGS [ASX:EMH], EUROPEAN LITHIUM [ASX:EUR], FRONTIER LITHIUM [TSXV:FL], METALS AUSTRALIA OPTIONS [ASX:MLSOD], GREEN TECHNOLOGY METALS [ASX: GT1], AVALON ADVANCED MATERIALS [TSX:AVL], SNOW LAKE LITHIUM (LITM), PATRIOT BATTERY METALS [TSXV:PMET], OCEANA LITHIUM [ASX:OCN], MINREX RESOURCES [ASX:MRR], LOYAL LITHIUM [ASX:LLI], PATRIOT LITHIUM [ASX:PAT], ARGENTINA LITHIUM & ENERGY [TSXV:LIT], LITHIUM IONIC CORP. [TSXV:LTH], ATLAS LITHIUM (ATLX), LATIN RESOURCES [ASX:LRS], MIDLAND EXPLORATION [TSXV:MD], BRUNSWICK EXPLORATION [TSXV:BRW], AZIMUT EXPLORATION [TSXV:AZM], COSMOS EXPLORATION [ASX:C1X], MEGADO MINERALS [ASX:MEG], OMNIA METALS GROUP [ASX:OM1], ERAMET [FRA:ERA], FREY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. This article is for ‘information purposes only’ and should not be considered as any type of advice or recommendation. Readers should "Do Your Own Research" ("DYOR") and all decisions are your own. See also Seeking Alpha Terms of Use of which all site users have agreed to follow. https://about.seekingalpha.com/terms

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