EMN to Ride Global Battery Metals Surge
We invested in Euro Manganese Inc (ASX:EMN) for the same reasons we invested in Vulcan Energy Resources Ltd (ASX: VUL).
Last Friday, we sent you a note about VUL when it was trading at $1.10. Yesterday, the share price hit a high of $1.98.
As with VUL, EMN is developing an environmentally friendly, European Electric Vehicle (EV) Battery Metal project and has the largest resource in Europe.
VUL aims to supply lithium. EMN aims to supply high purity manganese.
We recently increased our investment in EMN at 20c/share. Since then, the stock hit as high as 33c before settling back to circa 22.5c for most of November.
EMN’s share price has crept up over the last few days and it looks like it might keep going, now that the recent placement stock has been fully digested by the market.
EMN is currently the second biggest holding in our portfolio.
Battery metals stocks have gained enormous attention and are riding on the European Union’s rush to achieve net zero carbon emissions by 2030 - this includes ushering in a new EV normal.
The Biden US Presidential win will only accelerate demand for EV battery metals globally.
Just like VUL, EMN:
- Has the biggest resource of its kind in Europe;
- Has an environmentally friendly project - EMN is rehabilitating an existing mine and extracting battery grade manganese from tailings.
- Is in the European Union. The EU plans to spend at least One Trillion Euros on decarbonisation over the next decade.
On the back of the explosive rise in VUL this week, we expect good things from EMN in the lead up to Christmas and beyond.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.