Latest news for ACME Lithium (OTC:ACLHF) Stock

ACME Lithium Inc is a mineral exploration company engaged in the acquisition, exploration, and evaluation of natural resource properties located in the State of Nevada, USA, and Manitoba, Canada. The company's projects include Clayton valley, Fish lake valley, Shatford lake, Cat-Euclid lake, Birse lake, and Bailey lake.

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PEMIF

Lithium prices could rise up to 60% to hit $20,000/ton in next 2 years, says GeoXplore Corp. CEO. Low prices weed out weak companies but lithium here to stay.

EXCLUSIVE: Lithium May Jump More Than 60% As Low Prices &#39;Knock Out The Chaff,&#39; Industry CEO Says

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NANO ONE MATERIALS CORP by Nano One Materials Corp.

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The world will gain another insight into how is the EV future shaping up on March 30th during the Electric Vehicle &amp; Auto Tech Virtual Online Conference which will be presented by Maxim Group and hosted by M-Vest. The conference will cover a range of aspects of the upcoming all-electric world: from charging solutions and batteries to mining and multiple markets that EVs cover.

An Exciting EV Virtual Conference On The Horizon

ACME Lithium Inc

Stephens &amp; Co. analyst Terry McEvoy maintains Nicolet Bankshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIC#NYSE">NIC</a>) with a Equal-Weight and raises the price target from $90 to $110.

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Stephens & Co. Maintains Equal-Weight on Nicolet Bankshares, Raises Price Target to $110

Lilium N.V.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LILM#NASDAQ">LILM</a>) shares are trading higher after it entered into a definitive sales agreement with Saudia Group or 50 Lilium Jets, with <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g39832573/saudia-group-signs-industry-leading-sales-agreement-with-lilium-to-acquire-up-to-100-evtol-jets" rel="noreferrer noopener">options for an additional 50 aircraft</a>.
Following the Memorandum of Understanding signed between Saudia Group and Lilium in October 2022, this sales agreement represents a significant milestone in the industry.
The deal marks the largest reported firm order of eVTOL aircraft in the MENA region by an airline committed to operating these aircraft.
The agreement details payment schedules, delivery timelines, performance guarantees, and provisions for spare parts and maintenance.
Additionally, the parties aim to finalize a &#8220;Lilium POWER-ON&#8221; agreement for fleet maintenance and support.
Saudia Group anticipates receiving its first jets in 2026, managed by its subsidiary, Saudia Private.
Lilium&#8217;s agreement with Saudia Group expands its order pipeline, comprising 106 firm orders and reservations, 76 options, and around 600 aircraft under MOU.
H.E. Engr. Ibrahim Al-Omar, Director General of Saudia Group,&nbsp;said,&nbsp;&#8220;This agreement amplifies our commitment to the Saudi Vision 2030 and is the result of a collaborative effort over the past years between Lilium and Saudia Group to explore how we can best bring eVTOL to the skies of Saudi Arabia.&#8221;
&#8220;Business travelers and exhibition attendees will benefit tremendously from the ease and speed of electric aircraft, allowing them to seamlessly attend and participate in events. These innovative vehicles will also be a game-changer for tourism, sports, and entertainment, offering a premium travel experience for these exciting destinations.&#8221;
Lilium is also in advanced discussions with global airlines committed to reducing carbon emissions and adopting electric regional air travel.
Yesterday, Lilium confirmed its 2026 delivery schedule for the first customer shipments, following a recent program review that includes testing, validation, and preparations for the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g39812459/lilium-reaffirms-2026-target-for-first-customer-deliveries-and-provides-additional-detail-on-testi" rel="noreferrer noopener">first manned flight in early 2025</a>.
Price Action: LILM shares are up 2.98% at $0.9999 premarket at the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

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LILM

Why Electric Aircraft Manufacturer Lilium Shares Are Surging Premarket Thursday

Piper Sandler analyst Mark Lear maintains APA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>) with a Neutral and raises the price target from $33 to $34.

Piper Sandler Maintains Neutral on APA, Raises Price Target to $34

JMP Securities analyst Silvan Tuerkcan maintains Relay Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLAY#NASDAQ">RLAY</a>) with a Market Outperform and lowers the price target from $24 to $21.

RLAY

JMP Securities Maintains Market Outperform on Relay Therapeutics, Lowers Price Target to $21

WIIM

SAI.TECH Global shares are trading higher after the company's Board authorized a buyback of up to $1 million and up to 1 million shares.

Morgan Stanley analyst Alexandra Steiger maintains TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) with a Overweight and raises the price target from $113 to $122.

Morgan Stanley Maintains Overweight on TJX Companies, Raises Price Target to $122

Markets

Reuters Reported OPEC+ Unlikely To Change Oil Output Policy At Aug 1 JMMC Meeting, Citing Sources

Cantor Fitzgerald analyst Troy Jensen initiates coverage on Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) with a Overweight rating and announces Price Target of $205.

Initiation

Cantor Fitzgerald Initiates Coverage On Impinj with Overweight Rating, Announces Price Target of $205

Deutsche Bank analyst Krisztina Katai downgrades Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) from Buy to Hold and lowers the price target from $155 to $79.

Downgrades

FIVE

Deutsche Bank Downgrades Five Below to Hold, Lowers Price Target to $79

Alliance Global Partners analyst Gaurav Mehta initiates coverage on UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) with a Buy rating and announces Price Target of $21.

Alliance Global Partners Initiates Coverage On UMH Properties with Buy Rating, Announces Price Target of $21

Offerings

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LUXH

LuxUrban Hotels Announced That The Underwriter Of Its Underwritten Public Offering Has Exercised Its Over-allotment Option In Full To Purchase An Additional 4.5M Shares At The Public Offering Price Of $0.17/Share

The Company plans to report the final analysis from the IGNITE clinical trial, including all patients at 12 months dosed with either 20 mg/kg or 40 mg/kg of iluzanebart in the first half of 2025. &nbsp;

Biotech

Health Care

VIGL

Vigil Neuroscience Announced An Update Following A Type C Meeting With The FDA To Its Clinical Development Strategy For Its IGNITE Trial Of Iluzanebart For Adult-onset Leukoencephalopathy With Axonal Spheroids And Pigmented Glia

B of A Securities analyst Tomer Zilberman maintains Motorola Solns (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSI#NYSE">MSI</a>) with a Buy and raises the price target from $370 to $440.

B of A Securities Maintains Buy on Motorola Solns, Raises Price Target to $440

B of A Securities analyst Elizabeth Suzuki maintains Leslies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) with a Buy and lowers the price target from $6.4 to $5.15.

LESL

B of A Securities Maintains Buy on Leslies, Lowers Price Target to $5.15

The energy storage solutions will be used for Root-Power&#39;s Coryton Energy Park project, in Corringham, Essex, England. Construction of the project started in late May 2024.

CSIQ

Canadian Solar Announced That e-STORAGE, Part Of The Company's Majority-owned Subsidiary CSI Solar, Has Received A Contract For 11 MW AC/22 MWh AC Energy Storage Solutions From Root-power, Part Of The Ylem Group

Wayfair Plans Four Days Of Exclusive Sales For Black Friday In July; Up To 80% Off All Things Home July 26-29

FTNT

Fortinet shares are trading higher after TD Cowen upgraded the stock from Hold to Buy.

B of A Securities analyst Heather Balsky maintains Equifax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) with a Buy and raises the price target from $255 to $286.

B of A Securities Maintains Buy on Equifax, Raises Price Target to $286

Sempra Infrastructure, A Subsidiary Of Sempra Announced Port Arthur LNG Phase 2 And Bechtel Energy Have Signed A Fixed-Price Engineering, Procurement And Construction Contract For The Port Arthur LNG Phase 2 Project Under Development In Port Arthur, Texas

BRKR

Bruker Posted Bond In Order To Suspend Injunction That Had Been Impacting Sales Of CosMx Spatial Molecular Imager Products By Its NanoString Business In Germany

Acme Lithium Inc (TSE:ACME) has released an update. ACME Lithium Inc. has announced the filing of a NI 43-101 technical report, which includes a ma...

ACME Lithium Unveils Significant Nevada Lithium Resource

Lithium Junior Miners News For The Month Of March 2024

Lithium Junior Miners News For The Month Of April 2024

Saudi Arabia seeks lithium imports for EV ambitions

Lithium mine vs. endangered wildflower

Acme Lithium (TSE:ACME) has released an update. ACME Lithium Inc. has teamed up with Snow Lake Energy to launch an ambitious four-phase exploration...

ACME Lithium Kickstarts Manitoba Exploration

Lithium Junior Miners News For The Month Of May 2024

Acme Lithium (TSE:ACME) has released an update. ACME Lithium Inc. has amended its agreement with Eagle Battery Metals Corp., granting them exclusiv...

ACME Lithium Updates Eagle Battery Metals Deal

Acme Lithium (TSE:ACME) has released an update. ACME Lithium Inc. announces its participation in the 16th Annual Fast Markets Lithium Supply and Ba...

ACME Lithium Showcases at Global Battery Conference

Lithium Junior Miners News For The Month Of June 2024

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ACME Lithium

WASHINGTON — Lithium prices could rise <a href="https://www.benzinga.com/topic/lithium">by more than 60%</a> to hit $20,000 per metric ton, privately held mining exploration and services company GeoXplore Corp.'s CEO Clive Ashworth said at a mining conference this month.



After reaching a record around $80,000 per metric ton in China in 2022, lithium carbonate prices have profoundly slumped amid tempered expectations for global electric vehicle demand. Recent prices were around $12,500.



That price is too low to sustain mine production and will get to $15,000 to $20,000 per metric ton over the next two years, Ashworth told Benzinga on the sidelines of a recent&nbsp;Benchmark Mineral Intelligence&nbsp;battery metals conference in Washington, D.C. A move from $12,500 to $20,000 would be a 62.5% gain.



Also Read: <a href="EXCLUSIVE: Chariot Corp. Leads US Lithium Land Acquisition To Strengthen Domestic Supply — 'Grab As Much As You Can'">EXCLUSIVE: Chariot Corp. Leads US Lithium Land Acquisition To Strengthen Domestic Supply — &#8216;Grab As Much As You Can&#8217;</a>



In a November 2023 blog post, Morningstar analyst Seth Goldstein said he views $20,000 as the marginal cost of production based on all-in sustaining costs.



Low prices are not ideal for producers whose margins shrink as prices decline, or explorers who are less able to secure financing for drilling in lower-price environments.



But low prices aren't all bad for the industry as a whole, as they can lead to a weeding out of weak companies.



"They knock out the chaff," he said.



Ashworth is no stranger to the lithium market. His company has optioned lithium claims in Nevada to&nbsp;Pure Energy Minerals Ltd.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/PEMIF#OTC">PEMIF</a>) and&nbsp;ACME Lithium Inc.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/ACLHF#OTC">ACLHF</a>).



GeoXplor's business model is to find properties that could be developed into producing mines, lease them and then option the claims to junior mining companies who will carry on more intensive exploration, which could include the use of GeoXplor's services.



That model—which involves getting out to a property with handheld equipment used to evaluate its potential—means the company needs to lease properties that contain minerals that will be in demand in the future.



"As exploration people, we have to get ahead of the commodities," he said.



One commodity Ashworth has his eye on is vanadium. It's often used in stainless steel, but it is also an ingredient in an emerging type of battery technology Ashworth thinks will get traction.



Although there are technologies that will eventually begin competing with lithium in certain applications, Ashworth said he sees the demand for lithium remaining strong for decades.



"Lithium is here to stay, at least for the next 20 or 30 years," he said. "We're in the beginning of a new age here. It's the end of fossil fuels."



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/commodities/24/06/39477524/exclusive-china-linked-lithium-volatility-a-headache-for-producers-but-a-win-for-retail-inves">EXCLUSIVE: China-Linked Lithium Volatility A Headache For Producers But A Win For Retail Investors, Says Industry CEO</a></li>
</ul>



Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:_licensing@benzinga.com" target="_blank" rel="noreferrer noopener">_licensing@benzinga.com</a> to get started!



Image created using artificial intelligence via Midjourney.

EXCLUSIVE: Lithium May Jump More Than 60% As Low Prices 'Knock Out The Chaff,' Industry CEO Says

The world will gain another insight into how is the EV future shaping up on March 30th&nbsp;during the Electric Vehicle &amp; Auto Tech Virtual Online Conference which will be presented by Maxim Group and hosted by M-Vest. The conference will cover a range of aspects of the upcoming all-electric world: from charging solutions and batteries to mining and multiple markets that EVs cover.

<h3>Innovations In EV charging</h3>

This ever-evolving field will be presented by Charge Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGE#NASDAQ">CRGE</a>) who recently entered a strategic&nbsp;collaboration with an intelligent power management company with deep automotive OEM expertise, Eaton. With joined forces, they aim to simplify deployment of EV charging infrastructure solutions for fleets, including projects incorporating renewables and enabling net zero models.

<h3>Mining For EVs&nbsp;</h3>

One of the presenters will be 5E Advanced Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEAM#NASDAQ">FEAM</a>). Specialized in boron and lithium co-product production, the company&rsquo;s mission&nbsp;is to become a supplier to industries addressing global decarbonization, food and domestic security which are EVs, clean energy infrastructure, fertilizers, and domestic security.&nbsp;

Another presenter will be ACME Lithium (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ACLHF#OTC">ACLHF</a>) who just expanded its lithium project at Fish Lake Valley, along with its admirable portfolio of North American projects in this area. Vox Royalty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VOXR#NASDAQ">VOXR</a>), a mining-focused royalty and streaming company will also be giving its insight, as will a Canadian mining firm, The Metals Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMC#NASDAQ">TMC</a>), who just reported its fourth quarter results that showed losses have widened.&nbsp;

<h3>New EV Charging Solutions&nbsp;</h3>

Worksport Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>)&nbsp;is a rare company on the horizon as its proprietary products, SOLIS solar folding truck bed cover and portable COR&nbsp;energy storage system promise to disrupt the transportation industry as a whole. Besides Worksport&rsquo;s obvious contribution to extending the range of electric pickups, its unique products that regenerate electric power from the sun, enhance the environment and reduce carbon emissions also promise to change lifestyles as they are able to power outdoor workplaces and recreational sites. Worksport is actively pursuing its plan to become a global OEM supplier, already having listed the upcoming electric pickup Hercules Alpha, among others.&nbsp;

<h3>Building A&nbsp;New EV Supply Chain</h3>

Besides being a&nbsp;vertically integrated EV technology ecosystem company, Atlis Motor Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMV#NASDAQ">AMV</a>), is also a battery cell manufacturer fully owned and operated in the US. A month ago, Atlis also became the first company to successfully demonstrate over 1 megawatt charging capability, as it continues its path towards creating a 1.5MW charging network. On March 15th, Atlis unveiled battery cell data for its proprietary pouch cell with first battery packs due to be shipped during the first half of the year.&nbsp;

Exro Technologies (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EXROF#OTC">EXROF</a>), a Canada-based clean technology company that developed a new generation of power control electronics that expand the capabilities of batteries, will also be presenting. The company recently announced that it has signed a Memorandum of Understanding with an undisclosed development partner, a multi-national company that is a direct supplier to the global automotive industry in a move that is expected to accelerate and widen Exro&rsquo;s market presence.&nbsp;

<h3>The Future Of Batteries&nbsp;</h3>

Aqua Metals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AQMS#NASDAQ">AQMS</a>) is a&nbsp;pioneer of sustainable lithium-ion battery recycling who is reinventing metals recycling with its proprietary technology. On March 14th, it&nbsp;revealed it has successfully recovered high-purity nickel from lithium battery black mass using its proprietary process that utilizes electricity without pollution and creating chemical waste that is common in recycling. Therefore, Aqua Metals is well positioned to contribute in meeting the growing demand for sustainably produced domestic metals.

Another presenter will be Nano One Materials (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NNOMF#OTC">NNOMF</a>) who recently received three new patents, in Taiwan, Korea and the US, that increase&nbsp;protection of its process technology for making lithium-ion battery cathode materials.&nbsp;

<h3>Multiple Markets For EVs</h3>

Ayro Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AYRO#NASDAQ">AYRO</a>) will be speaking about exciting new opportunities that EVs bring. The company was just granted its second patent this year, but it is its first utility patent on Technology Limiting the Environmental Impact of Electric Vehicles. The company&rsquo;s missions is to set the standard for what sustainability truly represents.

From the electrical parts industry, Flux Power Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLUX#NASDAQ">FLUX</a>) is a company who designs, develops, manufactures, and sells lithium-ion energy storage solutions for a range of industrial and commercial applications. Although its shareholders might be concerned after share price has dropped 15% in the last month, its stock has delivered rather impressive returns over the last 12 months, rising 175% over that time period.&nbsp;

Phoenix Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) is a company who develops and manufactures&nbsp;light and medium duty EVs for the service and government fleet markets.&nbsp;Besides being a leading manufacturer of light- and medium-duty electric buses and trucks, the company also markets EV chargers for commercial and residential use, therefore serving a broad range of markets and customers.&nbsp;

<h3>Save The Date</h3>

The above-mentioned companies, as well as other participants of the conference, have a lot to offer to the all-electric future in the making so March 30th&nbsp;promises to offer plenty of valuable EV information.

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