The mainstream adoption of electric-powered vehicles was once considered a hope and a dream.
But now, it is the standard.
In this new world, the production of electric vehicles and efficient energy storage systems plays a vital role in the sustainability and longevity of our civilization.
One key ingredient to adopting these improved storage systems is the extraction and use of lithium in lithium-ion batteries.
Lithium is a commonly used element in batteries due to its ability to store and release electricity efficiently and for longer periods than alternative storage systems.
This allows electric vehicles to travel further on a single charge, meaning that you as a consumer save more on transportation costs and expenditures.
To capitalize on this high-growth opportunity, Newfoundland Discovery (Canada: NEWD.CN)(USA: NEWDF), or NEWD for short, is positioning itself to be a key supplier of lithium in the Canadian market and beyond.
With a first-mover advantage in mining-friendly jurisdictions across Ontario, Quebec, and Newfoundland, plus a large and diversified portfolio of high-profile projects, NEWD is setting up to be an important player in this accelerating industry.
If you are interested in investing in and being part of the expanding EV and energy storage markets, check out what Newfoundland Discovery has to offer, below.
What is Newfoundland Discovery?
Newfoundland Discovery (Canada: NEWD.CN)(USA: NEWDF) is a Canadian exploration company focused on discovering and developing lithium and precious metals projects in safe mining jurisdictions, and one of the only publicly traded lithium companies in the market today.
With a large and diversified portfolio of high-profile projects in mining-friendly Canadian provinces, the company offers significant exploration potential and growth opportunities.
Beyond that, NEWD possesses partners with a successful track record and a shareholder base made up of key investors like Eric Sprott and Blair Naughty, who each respectively own over 10% of the company.
This demonstrates a high level of conviction in the company’s mission and means that they are supportive of the company’s long-term success.
As Newfoundland Discovery grows, likely, its stakeholders will only become stronger.
The Sugaree Project
Newfoundland Discovery’s flagship project, Sugaree, located in the Quetico Subprovince of Ontario, has experienced a large uptick in interest in recent years, as several companies are exploring lithium-bearing pegmatites (a special kind of sedimentary rock formed from cooling magma) in the area.
One of these companies is Brunswick Exploration (Canada: BRW.V), whose Hearst Project is located adjacent to NEWD’s properties.
This area is highly valuable given that the area has experienced little to no exploration overall, and possesses access to advanced infrastructure such as major population centers, the Trans-Canada Highway, and CN Rail’s rail network.
Moreover, the land contains a variety of evolved S-type granitoid and pegmatites, demonstrating lithium grades ranging anywhere from a few hundred ppm to over 3% Li2O (Lithium Oxide).
With Newfoundland Discovery strategically staking its project around this highly sought-after land package, the company will be the first in line to benefit from the surge in demand as mining commences.
Interestingly, Brunswick Exploration is trading at a $145 million market cap, despite not drilling in the area yet.
So, even though extraction may be a few years out, it is clear that investors are favorable toward the potential supply of lithium that the area has to offer.
As we strive for decarbonization, demand for electric vehicles and lithium-ion energy storage systems is ramping up at an exponential rate.
With the global EV market expected to reach $434.4 Billion by 2028, lithium is expected to be a fundamental component of its success given its highly efficient properties.
In particular, the use of lithium batteries is advantageous for many reasons, including
1. Higher Energy Densities
Lithium batteries have higher energy density than other batteries, which simply means that they can hold more energy in smaller spaces.
That is why they are perfect for things like our phones, laptops, and even electric vehicles, where we want to save space and still have lots of power.
To put this into perspective, lithium-ion batteries can store 6 times more energy in one kilogram of battery, compared to a lead-acid battery!
2. Long Cycle Life
Another major advantage to using lithium batteries is that they have a long cycle life, meaning that you can recharge and discharge them many times without needing to worry about a significant decline in their performance.
This makes them a great cost-effective option in the long run because they don’t need to be replaced as often as other types of batteries.
According to JD Power, EV car batteries can last anywhere from 10 to 20 years, with results depending on your environment and how often/quickly you recharge them.
3. Low Self-Discharge
Lithium batteries are extremely useful because they have a low self-discharge rate.
This means that they can hold their charge for a lot longer, which makes them great for backup power applications and electric vehicles since you will have a reliable source of energy whenever you need it.
On average, lithium-ion batteries self-discharge 5% of power in the first 24 hours, then 1-2% per month after that.
This is in comparison to lead-acid batteries which lose 10-15% in the first 24 hours, then 10-15% after that.
4. Faster Charging
If your lithium batteries are low on power and you need to use them ASAP, fear not, lithium-ion batteries are some of the fastest-charging batteries around.
According to Power-Sonic, lithium batteries, charge four times faster than lead-acid batteries.
With faster charging speeds, power recovers faster, meaning you can use your devices more often and with fewer batteries.
5. Wide Range of Applications
To cap it all off, lithium batteries are extremely versatile.
These batteries are used in a wide range of applications including portable electronics, like smartphones and laptops, electric vehicles, power grids, renewable energy storage systems, like solar and wind power, power tools, and more.
This versatility makes them a popular choice for many different industries, meaning that demand will remain constant and sustainable for a long time.
But there is more to lithium than just batteries.
Surprisingly, lithium is used in a variety of industrial, medical, and consumer applications, including batteries, ceramics, glass, lubricants, pharmaceuticals, air conditioners, aerospace, and more.
By having so many use cases, it is clear that lithium is a highly sought-after mineral offering endless possibilities and use cases.
To support this argument, Fortune Business Insights forecasts that the global lithium market will reach $6.62 billion by 2028, growing at an annual rate of 8.1%.
But as demand for lithium accelerates in the coming years, we may experience periods of sustained supply shocks, unless the number of suppliers increases accordingly.
Fortunately, this is exactly the opportunity that Newfoundland Discovery is planning to solve.
With promising potential from its lithium deposits, the company will be a key player in fueling this high demand in this market for the next decade and beyond.
Why Newfoundland Discovery Should be on Your Watchlist
With demand for lithium growing stronger than ever, it is evident that Newfoundland Discovery is well-positioned to capitalize on this lucrative opportunity.
As they continue to expand on its lithium projects and bring on new partnerships, the company will further strengthen its position as an exploration business, thus cementing itself as a key player in the lithium market.
The reality is that the demand for lithium is here to stay, and is only going to get bigger.
If you want to be one of the savvy investors to capitalize on its boom before it happens, then it is worthwhile considering Newfoundland Discovery as a viable investment option.
As Elon Musk once said, “The fundamental enabling technology for electric cars is lithium-ion as cell chemistry technology. In the absence of that, I don’t this it is possible to make an electric car that is competitive with a gasoline car.”
To learn more about Newfoundland Discovery and its other projects, check out its website here.
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