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- Monday's Monster Stock (Jan. 29)
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Our pick this week (Jan. 29)
🔋High-grade lithium all over the property
Financially secure with big drill program💸
📍Access to railroad & city
A standout company shows constant progress, and this week’s Monster Stock does exactly that.
Since its 2022 listing, it's been in the news every week - including raising $47M+ in 2023.
Despite lower lithium prices, the renewable energy boom is a big plus for this stock.
This week’s pick is one to watch - Li-FT Power Ltd.
I’m watching you, Li-FT.
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Why are we HOT on Li-FT Power🔥🔥🔥
High-grade lithium all over - Li-FT Power is hitting high-grade lithium all over their Yellowknife Lithium Project - with it’s BIG EAST pegmatite target leading the way with results of 28 meters at 1.70% Li2O.
Target size & location - These lithium-bearing pegmatite targets, such as the BIG EAST, are large and on surface over 1,000 meters long. Being located 60km from Yellowknife makes things easy and a quick barge to the railine makes this location ideal.
Well rounded team - Under the lead of CEO Francis McDonald, a seasoned geologist with greenfield experience in Nunavut, the Li-FT team leverages it’s board members & management to raise capital - and they’ve done a pretty good job.
🤑🤑🤑 - In March of 2023, Li-FT closed a $35 million flow-thru financing and followed it up with a $12.4 million financing in November. It’s safe to say they have exploration funds and the amount of drilling they’ve done since confirms it.
Li-FT Yellowknife location
STOCK MONSTER FACT
As an investor, flow-through shares in Canada offer an opportunity to support exploration projects while getting a tax break. Essentially, these shares allow you to deduct 100% of your investment from your taxable income. This means, as an investor, you not only contribute to vital mineral discoveries but also significantly reduce your tax liability.
Win-win?
⚠️What risks are we seeing?⚠️
Geological risks - It’s still early, so there’s a chance the project isn’t perfect. Investors should consider strip ratio, the ratio of waste material to ore. The width of the dykes is a concern and does mineralization occur at depth? We don’t know yet.
Lithium is tanking - Lithium prices over the past year have dropped 80%, and it’s affecting all lithium exploration companies (see Patriot Battery Metals). This is mainly due to a surge in supply - but how much further can it go?
This weeks pick: Li-FT Power (TSX-V: LIFT)
Don’t let the drop in stock price fool you.
With an experienced geological team, a huge fully-funded drill program (including a winter program annouced today), and impressive early lithium results, Li-FT is quickly progressing as a standout exploration company.
Current Stock Trading Details:
Stock Symbol: TSX.V: LIFT
Stock Price: $5.58 (as of Jan. 29)
Market Cap: $219M
STOCK CHART
Li-FT Power Ltd.
👋 Colton, Stock Monster
P.S. Want to view our previous Monster Stock picks? View them here.
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This newsletter is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions. We have not been compensated in any way for this pick or content; we genuinely just like it, and because of that, we likely bought shares, assume we own it.