High Voltage: Battery storage could power the next lithium boom

Battery energy storage systems could be the wildcard for lithium demand, as one analyst predicts an earlier than expected price bounce.

Most forecasts predict the lithium market will turn around by 2026/27. Pic: Getty Images

• Singapore-based Arcane Capital sees a lithium rebound as soon as Q4 2025

• Recovery could be driven by low battery prices and BESS market growth

• Companies like AZL, FBM, GT1 and CC9 could be poised to benefit

Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.

A lot of lithium players abandoned the sector through the price downturn, but a few are standing stoic and strong, timing the development of their projects for a rebound.

Green Technology Metals (ASX:GT1) is one of those companies, confident of a recovery by the time they get the Seymour project in Canada into production in 2027 – when Fastmarkets expect 5.5% spodumene concentrate to be trading at around US$1146/t.

For comparison, investment bank RBC thinks spodumene prices will rise to US$1125/t on a 6% Li2O basis in 2026.

But Arcane Capital Advisors director and co-fund manager YueJer (YJ) Lee thinks it could rebound even sooner, and said he is among the (very) short list of people that think the lithium market will turn around as early as Q4 2025.

“Low battery prices are driving down EV prices and that WILL have an effect on EV penetration rates,” he said.

“This year we will see EVs becoming cheaper than their ICE counterparts in many markets.

“Drivers get lower upfront costs, lower maintenance over the vehicle lifetime, and nearly cost-free driving (and if paired with solar/batteries in the house, literally cost-free.)"

Why will the #lithium market be MUCH bigger than anyone thinks in 2030? Because humans are just innately BAD at forecasting!
1. Solar went EXPONENTIAL vs all linear forecasts.
2. $ALB, Feb 2018 prez, forecast lithium demand "800kt LCE" in 2025. The world hit that in early 2023. pic.twitter.com/AJlmBq9hSx

— Energy Transition Investor (@usuallyYJLee) November 1, 2024

Battery energy storage systems growing exponentially

That’s just the first tipping point, the second is the growth of Battery Energy Storage Systems (BESS), Lee said.

“This is growing exponentially, far faster than companies and analysts realise,” he said.

“Last year’s BESS market was 160GWh (not including behind-the-meter of another 45GWh), and I expect this year the BESS market to be in the 300GWh range (plus another 80GWh BTM).

“Many forecasters are still calculating 200GWh in the whole storage market.

“The difference here is equal to, or greater than, their entire lithium oversupply.”

He’s not alone in that opinion. Liontown Resources (ASX:LTR) Tony Ottaviano sees energy storage systems as the next big growth area for lithium demand.

"The one that I want to draw out is energy storage systems. If we look at this and seeing ... the growth we've experienced over the last 12 months and what is being projected, we see this as a tremendous growth engine for demand of lithium units,” he said in the company’s earnings call last week.

"Just to give you a bit of colour, I don't know how many people have seen the recent CATL prospectus, but they are projecting a significant increase in battery shipments for stationary batteries.

"And if they are accurate in their forecast by the end of the decade, they believe that market will be as big as in terms of lithium carbon equivalents to the EV market today.

“That's how strong they believe this market will grow."

Lee says there’s one more element to the recovery scenario, that every other large demand source is not well-covered.

“Each e-bus is 300kWh, each truck 600-800kWh,” he said.

“Even ships and ferries are going electric now (LV Shui 01 has a 50MWh battery!).

“With everything electrifying at a faster rate than before, driven by exceptionally low prices of batteries, I see a positive demand shock that should make lithium investors very happy.”

Who else is making moves?

Among the lithium players holding steady are Arizona Lithium (ASX:AZL) who just launched a $2m share purchase plan (SPP) to advance its 6.3Mt lithium carbonate equivalent Prairie lithium project in Canada as it looks toward phase 1 production.

Future Battery Minerals (ASX:FBM), is advancing the promising Big Red lithium deposit within the Kangaroo Hills project in WA – where recent hits include 29m at 1.36% lithium oxide from 38m and 31m at 1.13% lithium oxide from 86m, including 20m at 1.43% – as they wait for the market to turn.

Then there’s Chariot Corporation (ASX:CC9), who picked up seven exploration licences in WA which lie between the 189Mt Earl Grey Mine, jointly owned by Wesfarmers and SQM – the largest lithium producer in the world – and the Marvel Loch gold mine operated by St Barbara (ASX:SBM) as part of its plan to position itself ahead of the next lithium cycle alongside a host of projects in the United States.

On a similar track is Pursuit Minerals (ASX:PUR) who’ve taken meaningful strides towards becoming a commercial producer at its Rio Grande Sur asset in Argentina’s Salta lithium region within the prolific ‘Lithium Triangle’. A 339% resource increase late last year put Pursuit squarely on the Argentine map, with the company believing it now commands attention from the major miners (and briners) looking for a significant lithium investment.

One of those major briners could be American Salars (CSE:USLI) which is so confident of a price recovery that it is forging ahead with a strategy to pick up brine projects across the Americas – specifically more lithium brine assets in Argentina.

Battery Metals Winners and Losers

Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese and vanadium is performing >>>

Code	Company	Price	% Week	% Month	% Six Month	% Year	Market Cap
XTC	XTC Lithium Limited	0.2	19900%	19900%	19900%	19900%	$17,528,272
EGR	Ecograf Limited	0.27	74%	125%	178%	52%	$111,262,296
AKN	Auking Mining Ltd	0.008	60%	60%	14%	-56%	$4,598,230
TKM	Trek Metals Ltd	0.038	58%	46%	12%	9%	$19,825,469
PSC	Prospect Res Ltd	0.13	44%	40%	35%	63%	$65,856,243
SMX	Strata Minerals	0.055	41%	67%	90%	72%	$13,310,579
BUX	Buxton Resources Ltd	0.035	40%	3%	-45%	-70%	$8,669,016
ARU	Arafura Rare Earths	0.2075	38%	54%	34%	1%	$455,900,808
AQD	Ausquest Limited	0.057	36%	33%	489%	435%	$67,284,076
AVW	Avira Resources Ltd	0.008	33%	-11%	-60%	-60%	$1,175,518
CDT	Castle Minerals	0.002	33%	-20%	-50%	-67%	$3,855,646
KGD	Kula Gold Limited	0.006	33%	0%	-25%	-21%	$4,606,268
M2R	Miramar	0.004	33%	0%	-56%	-76%	$1,597,214
VRC	Volt Resources Ltd	0.004	33%	14%	0%	-20%	$22,646,967
VMC	Venus Metals Cor Ltd	0.12	29%	35%	94%	40%	$22,554,799
DEV	Devex Resources Ltd	0.089	29%	20%	-34%	-70%	$37,985,398
MRR	Minrex Resources Ltd	0.009	29%	13%	0%	-36%	$7,594,073
GCM	Green Critical Min	0.014	27%	-7%	460%	133%	$27,463,496
THR	Thor Energy PLC	0.014	27%	-7%	-18%	-44%	$9,923,058
LRV	Larvottoresources	0.965	26%	13%	144%	1385%	$393,559,689
PTR	Petratherm Ltd	0.32	25%	10%	611%	1500%	$101,956,357
CZN	Corazon Ltd	0.0025	25%	25%	-38%	-72%	$2,369,145
RAG	Ragnar Metals Ltd	0.02	25%	18%	5%	5%	$8,531,748
TMB	Tambourahmetals	0.035	25%	25%	-8%	-55%	$4,115,652
YAR	Yari Minerals Ltd	0.005	25%	0%	67%	-29%	$2,411,789
SYR	Syrah Resources	0.305	24%	27%	36%	-44%	$328,275,616
SYR	Syrah Resources	0.305	24%	27%	36%	-44%	$328,275,616
RNU	Renascor Res Ltd	0.052	24%	0%	-41%	-37%	$119,475,511
COB	Cobalt Blue Ltd	0.063	24%	24%	-6%	-56%	$29,884,184
KAI	Kairos Minerals Ltd	0.021	24%	0%	62%	50%	$52,618,244
MEK	Meeka Metals Limited	0.1475	23%	13%	159%	310%	$351,493,474
KM1	Kalimetalslimited	0.092	23%	-12%	-26%	-80%	$7,068,141
PMT	Patriotbatterymetals	0.3175	22%	9%	-16%	-67%	$180,707,626
MLX	Metals X Limited	0.64	22%	19%	45%	73%	$585,018,415
AZI	Altamin Limited	0.028	22%	12%	-1%	-39%	$16,086,081
BKT	Black Rock Mining	0.023	21%	-26%	-57%	-74%	$32,327,678
CMO	Cosmometalslimited	0.018	20%	-8%	-24%	-40%	$2,095,886
LNR	Lanthanein Resources	0.003	20%	0%	0%	0%	$4,887,272
LNR	Lanthanein Resources	0.003	20%	0%	0%	0%	$4,887,272
MRD	Mount Ridley Mines	0.003	20%	0%	-70%	-85%	$2,335,467
TON	Triton Min Ltd	0.006	20%	-14%	-57%	-60%	$9,410,332
ASL	Andean Silver	1.185	20%	0%	4%	270%	$187,353,031
LOT	Lotus Resources Ltd	0.2025	19%	9%	-19%	-49%	$437,090,609
SRZ	Stellar Resources	0.016	19%	0%	-3%	7%	$34,315,884
AR3	Austrare	0.084	18%	-2%	38%	-24%	$13,355,137
AVL	Aust Vanadium Ltd	0.013	18%	0%	-13%	-24%	$112,250,555
AXE	Archer Materials	0.3125	18%	-11%	42%	-26%	$77,728,339
CAE	Cannindah Resources	0.086	18%	39%	100%	43%	$63,342,956
MEI	Meteoric Resources	0.0765	18%	3%	-21%	-67%	$181,926,160
NTU	Northern Min Ltd	0.02	18%	11%	-13%	-39%	$167,143,116
RXL	Rox Resources	0.3275	17%	17%	134%	100%	$203,640,922
DM1	Desert Metals	0.022	16%	5%	-4%	-21%	$6,842,232
LTR	Liontown Resources	0.7	16%	12%	5%	-44%	$1,784,189,519
GRE	Greentechmetals	0.067	16%	-7%	-39%	-76%	$7,289,261
MHK	Metalhawk.	0.41	15%	19%	141%	486%	$47,250,451
GW1	Greenwing Resources	0.031	15%	-18%	-34%	-61%	$7,460,196
NC1	Nicoresourceslimited	0.086	15%	0%	-22%	-48%	$8,865,497
EUR	European Lithium Ltd	0.047	15%	-2%	18%	-29%	$67,923,529
CY5	Cygnus Metals Ltd	0.12	14%	-14%	64%	140%	$93,415,484
DYM	Dynamicmetalslimited	0.4	14%	38%	105%	105%	$19,633,736
VUL	Vulcan Energy	4.83	14%	12%	28%	59%	$1,066,116,618
NVA	Nova Minerals Ltd	0.33	14%	5%	106%	25%	$104,642,661
PLS	Pilbara Min Ltd	1.945	13%	-3%	-32%	-50%	$6,435,860,012
WCN	White Cliff Min Ltd	0.017	13%	-15%	-15%	21%	$34,118,473
TOR	Torque Met	0.105	13%	5%	5%	-30%	$28,314,712
ANX	Anax Metals Ltd	0.009	13%	-10%	-57%	-59%	$7,945,268
GRL	Godolphin Resources	0.0135	13%	-16%	-21%	-58%	$5,027,381
LEG	Legend Mining	0.009	13%	-10%	-36%	-36%	$26,185,295
IG6	Internationalgraphit	0.055	12%	0%	-24%	-69%	$10,065,033
IGO	IGO Limited	4.285	12%	-8%	-18%	-45%	$3,286,542,308
WA1	Wa1Resourcesltd	13.705	12%	7%	-8%	17%	$914,162,976
ASO	Aston Minerals Ltd	0.019	12%	12%	46%	36%	$25,901,285
NVX	Novonix Limited	0.485	11%	-10%	-13%	-46%	$305,299,326
EMC	Everest Metals Corp	0.1725	11%	11%	44%	118%	$36,924,333
MIN	Mineral Resources.	23.47	11%	-3%	-38%	-66%	$4,692,864,264
AS2	Askarimetalslimited	0.01	11%	-17%	-47%	-88%	$2,717,860
NH3	Nh3Cleanenergyltd	0.02	11%	0%	-13%	-26%	$10,442,491
OD6	Od6Metalsltd	0.031	11%	-31%	-31%	-67%	$4,936,618
CHN	Chalice Mining Ltd	1.465	11%	1%	0%	34%	$577,704,780
RAS	Ragusa Minerals Ltd	0.021	11%	-9%	40%	-30%	$2,994,575
STK	Strickland Metals	0.087	10%	26%	-7%	1%	$196,459,912
INF	Infinity Lithium	0.022	10%	-24%	-39%	-69%	$10,639,618
PGM	Platina Resources	0.022	10%	10%	10%	22%	$13,709,967
VR8	Vanadium Resources	0.022	10%	-15%	-50%	-46%	$12,377,754
LPM	Lithium Plus	0.067	10%	12%	-39%	-57%	$8,900,280
BSX	Blackstone Ltd	0.068	10%	13%	48%	16%	$41,269,159
DVP	Develop Global Ltd	3.04	9%	6%	54%	27%	$806,733,316
ICL	Iceni Gold	0.075	9%	-19%	103%	226%	$24,322,953
ZNC	Zenith Minerals Ltd	0.051	9%	24%	21%	-49%	$18,334,864
AAJ	Aruma Resources Ltd	0.013	8%	30%	-28%	-28%	$2,664,698
IXR	Ionic Rare Earths	0.0065	8%	8%	-19%	-64%	$34,049,784
PEK	Peak Rare Earths Ltd	0.105	8%	-16%	-46%	-43%	$36,969,882
PEK	Peak Rare Earths Ltd	0.105	8%	-16%	-46%	-43%	$36,969,882
KZR	Kalamazoo Resources	0.082	8%	4%	5%	-8%	$16,332,694
CXO	Core Lithium	0.0795	7%	-9%	-21%	-49%	$167,155,212
WC8	Wildcat Resources	0.1825	7%	-13%	-19%	-74%	$254,572,376
TVN	Tivan Limited	0.088	7%	-11%	83%	49%	$172,662,107
ETM	Energy Transition	0.076	7%	6%	217%	111%	$116,265,651
PNT	Panthermetalsltd	0.016	7%	-6%	-33%	-40%	$4,814,473
E25	Element 25 Ltd	0.25	6%	-6%	16%	-4%	$57,153,100
RMX	Red Mount Min Ltd	0.0085	6%	-6%	-15%	-51%	$3,952,141
RR1	Reach Resources Ltd	0.0085	6%	-39%	-39%	-38%	$7,432,666
RR1	Reach Resources Ltd	0.0085	6%	-39%	-39%	-38%	$7,432,666
A11	Atlantic Lithium	0.175	6%	-10%	-27%	-53%	$128,232,253
GL1	Globallith	0.175	6%	-13%	-8%	-68%	$45,803,122
LKE	Lake Resources	0.035	6%	3%	-24%	-50%	$57,655,943
ABX	ABX Group Limited	0.037	6%	-5%	-10%	-44%	$9,761,444
1MC	Morella Corporation	0.019	6%	-5%	-37%	-75%	$6,275,045
EVG	Evion Group NL	0.019	6%	-16%	-17%	-10%	$8,263,479
LIT	Livium Ltd	0.0095	6%	-32%	-53%	-69%	$16,785,784
LYC	Lynas Rare Earths	7.435	5%	11%	6%	30%	$7,159,941,297
FBM	Future Battery	0.02	5%	0%	0%	-68%	$13,307,119
NWC	New World Resources	0.021	5%	0%	24%	-48%	$70,825,634
JMS	Jupiter Mines.	0.1625	5%	5%	5%	-12%	$313,766,682
IPX	Iperionx Limited	3.3	5%	-27%	15%	65%	$1,011,740,402
SCN	Scorpion Minerals	0.022	5%	-8%	10%	-27%	$11,481,742
PGD	Peregrine Gold	0.13	4%	-7%	-13%	-43%	$10,330,316
ADV	Ardiden Ltd	0.14	4%	-13%	4%	-15%	$8,752,451
EFE	Eastern Resources	0.028	4%	-7%	-38%	-63%	$3,530,519
ESR	Estrella Res Ltd	0.028	4%	-10%	300%	600%	$59,506,169
KNI	Kunikolimited	0.14	4%	-7%	-22%	-47%	$12,147,698
SLM	Solismineralsltd	0.084	4%	-16%	-11%	-13%	$8,304,959
INR	Ioneer Ltd	0.16	3%	-3%	-14%	0%	$400,464,328
ILU	Iluka Resources	4.19	3%	-8%	-31%	-43%	$1,821,458,780
EMN	Euromanganese	0.037	3%	-24%	-29%	-60%	$7,483,108
PUR	Pursuit Minerals	0.075	3%	0%	-25%	-70%	$6,192,547
ASM	Ausstratmaterials	0.38	3%	-16%	-28%	-62%	$68,909,459
CTM	Centaurus Metals Ltd	0.38	3%	-3%	-8%	27%	$191,229,967
BNR	Bulletin Res Ltd	0.042	2%	11%	-2%	-36%	$12,478,566
FGR	First Graphene Ltd	0.043	2%	-26%	-10%	-25%	$34,438,878
FLG	Flagship Min Ltd	0.045	2%	18%	-33%	-72%	$9,161,740
VHM	Vhmlimited	0.275	2%	-10%	-51%	-47%	$60,801,987
FTL	Firetail Resources	0.061	2%	-14%	-36%	42%	$22,801,679
OMH	OM Holdings Limited	0.32	2%	-4%	-11%	-22%	$245,202,176
TLG	Talga Group Ltd	0.43	1%	-10%	4%	-47%	$189,092,745
BHP	BHP Group Limited	39.13	0%	-5%	-3%	-10%	$200,723,530,997
A8G	Australasian Metals	0.075	0%	9%	-32%	6%	$4,341,729
ADD	Adavale Resource Ltd	0.002	0%	-20%	-20%	-60%	$4,574,558
AGY	Argosy Minerals Ltd	0.022	0%	-10%	-49%	-86%	$32,030,261
ALY	Alchemy Resource Ltd	0.007	0%	-22%	17%	-13%	$8,246,534
AM7	Arcadia Minerals	0.02	0%	-5%	-46%	-71%	$2,347,669
AML	Aeon Metals Ltd.	0.005	0%	0%	0%	-29%	$5,482,003
AOA	Ausmon Resorces	0.002	0%	0%	-33%	0%	$2,179,455
ARR	American Rare Earths	0.28	0%	-13%	4%	-2%	$139,541,407
ASR	Asra Minerals Ltd	0.0025	0%	0%	-50%	-50%	$7,119,380
ATM	Aneka Tambang	0.995	0%	0%	-3%	-10%	$1,297,131
AUZ	Australian Mines Ltd	0.009	0%	-10%	20%	-31%	$12,586,609
AXN	Alliance Nickel Ltd	0.032	0%	-15%	-9%	-20%	$23,226,868
BOA	BOA Resources Ltd	0.017	0%	-23%	-29%	-29%	$2,096,998
BUR	Burleyminerals	0.058	0%	18%	-16%	-3%	$8,721,515
CLZ	Classic Min Ltd	0.001	0%	0%	0%	-98%	$1,544,026
CMX	Chemxmaterials	0.026	0%	0%	-28%	-48%	$3,354,580
CNB	Carnaby Resource Ltd	0.29	0%	-24%	-23%	-48%	$66,232,769
CNJ	Conico Ltd	0.007	0%	-13%	-65%	-72%	$1,662,411
CRI	Criticalim	0.016	0%	-20%	23%	-20%	$45,703,626
CRR	Critical Resources	0.0045	0%	-10%	-59%	-74%	$7,392,664
CTN	Catalina Resources	0.003	0%	0%	0%	-25%	$4,548,786
DLI	Delta Lithium	0.17	0%	-3%	-19%	-47%	$118,229,396
DRE	Dreadnought Resources Ltd	0.0155	0%	29%	3%	-9%	$66,547,200
EMH	European Metals Hldg	0.18	0%	38%	16%	-44%	$35,265,600
EMS	Eastern Metals	0.01	0%	-9%	-58%	-66%	$1,023,086
ENT	Enterprise Metals	0.003	0%	50%	-25%	0%	$2,945,793
EV1	Evolutionenergy	0.016	0%	14%	-33%	-85%	$5,802,408
EVR	Ev Resources Ltd	0.0045	0%	-18%	-2%	-55%	$8,936,265
FIN	FIN Resources Ltd	0.006	0%	0%	20%	-68%	$3,895,612
G88	Golden Mile Res Ltd	0.009	0%	-25%	0%	-18%	$4,898,231
GAL	Galileo Mining Ltd	0.13	0%	-10%	-21%	-46%	$25,691,241
GED	Golden Deeps	0.021	0%	-9%	-46%	-51%	$3,234,469
GLN	Galan Lithium Ltd	0.11	0%	-8%	5%	-70%	$87,602,477
GSM	Golden State Mining	0.009	0%	0%	-18%	-10%	$2,514,336
HAW	Hawthorn Resources	0.043	0%	-2%	-28%	-39%	$14,405,671
IDA	Indiana Resources	0.077	0%	4%	49%	77%	$49,490,399
IMI	Infinitymining	0.014	0%	56%	0%	-83%	$5,922,221
IPT	Impact Minerals	0.006	0%	-29%	-51%	-58%	$20,131,850
JRV	Jervois Global Ltd	0.011	0%	0%	0%	-54%	$29,730,402
KNG	Kingsland Minerals	0.125	0%	4%	-26%	-51%	$9,070,114
KOR	Korab Resources	0.008	0%	0%	0%	-20%	$2,936,400
KTA	Krakatoa Resources	0.009	0%	0%	-25%	-10%	$5,311,206
LEL	Lithenergy	0.37	0%	0%	19%	-36%	$41,440,581
LIN	Lindian Resources	0.096	0%	-4%	-20%	-23%	$110,704,535
LLL	Leolithiumlimited	0.332997	0%	0%	0%	0%	$401,204,047
LMG	Latrobe Magnesium	0.014	0%	-13%	-53%	-71%	$32,879,523
LPD	Lepidico Ltd	0.002	0%	0%	-33%	-58%	$17,178,371
LSR	Lodestar Minerals	0.012	0%	0%	-40%	-50%	$2,527,404
LTM	Arcadium Lithium PLC	9.33	0%	2%	161%	37%	$1,994,929,982
MAN	Mandrake Res Ltd	0.019	0%	-14%	-27%	-50%	$11,917,938
MHC	Manhattan Corp Ltd	0.018	0%	-10%	-10%	-64%	$4,228,180
MLS	Metals Australia	0.02	0%	-5%	-17%	-9%	$14,574,390
MNS	Magnis Energy Tech	0.042	0%	0%	0%	0%	$50,378,922
MRC	Mineral Commodities	0.026	0%	0%	0%	8%	$25,596,288
MTM	MTM Critical Metals	0.15	0%	-17%	100%	100%	$68,749,937
NMT	Neometals Ltd	0.067	0%	-11%	-25%	-52%	$50,012,630
OM1	Omnia Metals Group	0.078	0%	0%	0%	0%	$5,233,153
PBL	Parabellumresources	0.04	0%	-22%	-29%	-26%	$2,492,000
PRL	Province Resources	0.041	0%	0%	0%	0%	$48,441,219
PVT	Pivotal Metals Ltd	0.007	0%	0%	-50%	-50%	$6,350,581
PVW	PVW Res Ltd	0.015	0%	25%	-29%	-40%	$2,983,572
QPM	QPM Energy Limited	0.048	0%	-21%	45%	12%	$115,978,684
QXR	Qx Resources Limited	0.004	0%	0%	-33%	-75%	$5,240,311
REE	Rarex Limited	0.008	0%	-20%	-33%	-50%	$7,207,613
RIL	Redivium Limited	0.004	0%	0%	-20%	33%	$13,609,422
RLC	Reedy Lagoon Corp.	0.002	0%	-33%	0%	-50%	$1,553,413
S32	South32 Limited	3.58	0%	-2%	12%	15%	$16,305,215,789
SBR	Sabre Resources	0.008	0%	-11%	-43%	-56%	$3,143,695
SLZ	Sultan Resources Ltd	0.007	0%	-13%	17%	-46%	$1,620,289
SRI	Sipa Resources Ltd	0.011	0%	-8%	-27%	-42%	$4,580,382
SRN	Surefire Rescs NL	0.003	0%	-14%	-50%	-70%	$7,248,923
STM	Sunstone Metals Ltd	0.006	0%	0%	20%	-45%	$25,750,018
TEM	Tempest Minerals	0.005	0%	-17%	-52%	-42%	$3,172,649
TKL	Traka Resources	0.001	0%	0%	-33%	-50%	$2,125,790
TMX	Terrain Minerals	0.004	0%	0%	33%	-11%	$8,014,226
WIN	WIN Metals	0.018	0%	-5%	-51%	-66%	$10,451,104
WKT	Walkabout Resources	0.095	0%	0%	-10%	-17%	$63,769,838
WMG	Western Mines	0.1	0%	-23%	-59%	-39%	$9,035,334
WR1	Winsome Resources	0.27	0%	-16%	-45%	-71%	$68,290,166
EG1	Evergreenlithium	0.08	-1%	0%	100%	-16%	$4,498,400
LLI	Loyal Lithium Ltd	0.077	-1%	-8%	-41%	-74%	$7,756,446
ARN	Aldoro Resources	0.305	-2%	-9%	277%	291%	$55,884,838
QEM	QEM Limited	0.061	-2%	-5%	-51%	-60%	$11,640,855
CWX	Carawine Resources	0.098	-2%	-2%	7%	-7%	$23,140,294
ITM	Itech Minerals Ltd	0.046	-2%	-8%	-30%	-40%	$7,858,428
PLL	Piedmont Lithium Inc	0.1125	-2%	-10%	2%	-39%	$71,513,647
BC8	Black Cat Syndicate	0.835	-2%	4%	129%	318%	$478,872,596
SYA	Sayona Mining Ltd	0.0205	-2%	-11%	-27%	-49%	$242,409,216
VTM	Victory Metals Ltd	0.4	-2%	-2%	-17%	45%	$43,401,086
L1M	Lightning Minerals	0.071	-3%	-8%	4%	8%	$7,336,311
HAS	Hastings Tech Met	0.31	-3%	0%	11%	-47%	$56,229,702
KOB	Kobaresourceslimited	0.058	-3%	-3%	-42%	-50%	$9,196,574
NIC	Nickel Industries	0.6325	-3%	-18%	-24%	-21%	$2,702,580,224
CHR	Charger Metals	0.048	-4%	-23%	-45%	-62%	$3,096,810
FRB	Firebird Metals	0.096	-4%	3%	-9%	-22%	$13,666,694
OCN	Oceanalithiumlimited	0.024	-4%	-20%	-30%	-55%	$3,299,913
GBR	Greatbould Resources	0.07	-4%	9%	46%	17%	$52,757,473
BM8	Battery Age Minerals	0.06	-5%	-25%	-52%	-52%	$7,386,113
JLL	Jindalee Lithium Ltd	0.2	-5%	3%	-17%	-74%	$14,350,411
PAT	Patriot Lithium	0.04	-5%	-9%	14%	-47%	$5,056,719
SGQ	St George Min Ltd	0.019	-5%	-50%	-37%	-10%	$50,688,626
PNN	Power Minerals Ltd	0.071	-5%	-10%	-25%	-62%	$7,969,841
PFE	Pantera Lithium	0.017	-6%	-11%	-26%	-56%	$7,580,539
BMM	Bayanminingandmin	0.046	-6%	-4%	0%	-30%	$4,520,904
HRE	Heavy Rare Earths	0.023	-6%	-15%	-23%	-42%	$4,784,779
BCA	Black Canyon Limited	0.061	-6%	-16%	9%	-39%	$6,471,126
CLA	Celsius Resource Ltd	0.0075	-6%	-32%	-38%	-50%	$21,353,908
SRL	Sunrise	0.225	-6%	-18%	-49%	-52%	$20,752,325
FRS	Forrestaniaresources	0.027	-7%	50%	125%	50%	$7,086,270
1AE	Auroraenergymetals	0.04	-7%	-11%	0%	-65%	$8,415,996
M24	Mamba Exploration	0.013	-7%	-7%	-7%	-48%	$3,837,153
S2R	S2 Resources	0.06	-8%	-12%	-28%	-52%	$28,077,196
RBX	Resource B	0.033	-8%	10%	-3%	-27%	$3,801,088
DTM	Dart Mining NL	0.005	-9%	-17%	-67%	-64%	$3,438,820
FG1	Flynngold	0.02	-9%	-26%	-31%	-49%	$7,066,868
LCY	Legacy Iron Ore	0.01	-9%	0%	-20%	-26%	$97,620,426
LML	Lincoln Minerals	0.005	-9%	-17%	-17%	0%	$10,281,298
NWM	Norwest Minerals	0.01	-9%	-29%	-44%	-60%	$4,851,195
ARL	Ardea Resources Ltd	0.41	-10%	-8%	0%	-45%	$86,862,068
MQR	Marquee Resource Ltd	0.009	-10%	-18%	-50%	-55%	$4,854,805
ASN	Anson Resources Ltd	0.051	-11%	-23%	-42%	-45%	$72,110,300
SUM	Summitminerals	0.057	-11%	-42%	-79%	-7%	$5,053,423
KFM	Kingfisher Mining	0.048	-11%	-4%	-29%	-45%	$2,578,320
RGL	Riversgold	0.004	-11%	-20%	-20%	-50%	$6,734,850
TAR	Taruga Minerals	0.008	-11%	-20%	0%	0%	$6,354,241
LM1	Leeuwin Metals Ltd	0.11	-12%	-19%	29%	28%	$6,896,038
LU7	Lithium Universe Ltd	0.007	-13%	-30%	-30%	-63%	$6,287,837
RVT	Richmond Vanadium	0.14	-13%	8%	-54%	-54%	$32,165,833
RON	Roninresourcesltd	0.165	-15%	-6%	57%	57%	$6,661,877
ODE	Odessa Minerals Ltd	0.005	-17%	-29%	100%	0%	$7,997,663
WC1	Westcobarmetals	0.015	-17%	-38%	-46%	-67%	$2,687,348
ENV	Enova Mining Limited	0.0065	-19%	-28%	-28%	-78%	$7,383,862
BYH	Bryah Resources Ltd	0.004	-20%	0%	-20%	-64%	$2,507,203
MOH	Moho Resources	0.004	-20%	0%	-33%	-33%	$2,865,898
VML	Vital Metals Limited	0.002	-20%	0%	-20%	-50%	$17,685,201
REC	Rechargemetals	0.014	-22%	-26%	-42%	-75%	$3,590,860
AX8	Accelerate Resources	0.006	-25%	-40%	-40%	-82%	$5,227,278
EMT	Emetals Limited	0.003	-25%	-40%	-25%	-40%	$2,550,000
WSR	Westar Resources	0.006	-25%	-45%	-33%	-47%	$3,588,523
AZL	Arizona Lithium Ltd	0.0065	-28%	-35%	-57%	-77%	$31,932,702
GT1	Greentechnology	0.04	-31%	-20%	-55%	-73%	$15,550,084
OB1	Orbminco Limited	0.001	-40%	-20%	-52%	-70%	$2,166,590
CAI	Calidus Resources	0	-100%	-100%	-100%	-100%	$93,678,206
LRS	Latin Resources Ltd	0	-100%	-100%	-100%	-100%	$477,661,711
POS	Poseidon Nick Ltd	0	-100%	-100%	-100%	-100%	$23,380,727

Weekly Small Cap Standouts

Ecograf (ASX:EGR) has completed its environmental and social programs for the Epanko graphite project in Tanzania, which are a key requirement of the financing process for the project.

Key environmental programs include biodiversity surveys and critical habitat assessments; surface and hydrogeological modelling; tailings storage facility evaluation, design and expansion planning; development of a conceptual mine closure plan.

Social and commodity programs include: surveying of households and landholdings to generate updated social data and compensation arrangements; establishment of resettlement working groups; confirmation and valuation of potential resettlement areas proposed by villagers; and community health, human rights, social and labour planning assessments.

And on the larger end of town, Arafura Rare Earths (ASX:ARU) has signed a binding deal with Traxys Europe to supply up to 300 tonnes per year of NdPr oxide from the Nolans Project over five years.

The deal will help Arafura hit its target of securing 80% of planned production under binding agreements. Traxys will market the NdPr globally, helping to diversify the supply chain and manage delivery schedules.

The deal is subject to Arafura completing Nolans’ construction and starting commercial production.

At Stockhead, we tell it like it is. While Arizona Lithium, Future Battery Minerals, Chariot Corporation, Pursuit Minerals, Green Technology Metals, and American Salars Lithium are Stockhead advertisers, they did not sponsor this article.

Originally published as High Voltage: Battery storage could power the next lithium boom