Our Energy Transition Materials Portfolio
Stocks |
Date of Initial Coverage
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Initial Entry Price
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Highest Point |
Performance from Initial Entry
![]() |
---|---|---|---|---|
SLM | 1685455200 31-May-2023 | $0.200 | 128% | 113% |
SLM | 1685455200 31-May-2023 | $0.200 | 128% | 113% |
OKR | 1676811600 20-Feb-2023 | $0.150 | 60% | -23% |
MEG | 1676552400 17-Feb-2023 | $0.039 | 151% | 69% |
LYN | 1668949200 21-Nov-2022 | $0.256 | 127% | -20% |
TYX | 1662386400 06-Sep-2022 | $0.017 | 294% | 18% |
SGA | 1658412000 22-Jul-2022 | $0.163 | 249% | 53% |
CAY | 1644757200 14-Feb-2022 | $0.100 | 40% | -45% |
LNR | 1644411600 10-Feb-2022 | $0.029 | 134% | -45% |
AKN | 1643893200 04-Feb-2022 | $0.165 | 88% | -67% |
EV1 | 1637067600 17-Nov-2021 | $0.200 | 250% | 8% |
KNI | 1629813600 25-Aug-2021 | $0.200 | 1700% | 100% |
PFE | 1628085600 05-Aug-2021 | $0.200 | 188% | -63% |
RAS | 1625407200 05-Jul-2021 | $0.065 | 585% | 22% |
BPM | 1621346400 19-May-2021 | $0.200 | 148% | -64% |
MAN | 1614776400 04-Mar-2021 | $0.080 | 250% | -44% |
EMH | 1614690000 03-Mar-2021 | $1.100 | 95% | -40% |
FYI | 1610974800 19-Jan-2021 | $0.200 | 343% | -45% |
PUR | 1606827600 02-Dec-2020 | $0.014 | 552% | 26% |
LRS | 1606309200 26-Nov-2020 | $0.018 | 1195% | 866% |
EMN | 1599141600 04-Sep-2020 | $0.065 | 1192% | 223% |
MNB | 1598364000 26-Aug-2020 | $0.030 | 600% | 300% |
LCL | 1588168800 30-Apr-2020 | $0.036 | 479% | 16% |
GTR | 1588082400 29-Apr-2020 | $0.018 | 144% | -56% |
GAL | 1582981200 01-Mar-2020 | $0.247 | 691% | 152% |
VUL | 1566223200 20-Aug-2019 | $0.200 | 8225% | 1750% |
Stocks |
Date of Initial Coverage
![]() |
Initial Entry Price
![]() |
Highest Point |
Performance from Initial Entry
![]() |
---|---|---|---|---|
SLM | 1685455200 31-May-2023 | $0.200 | 128% | 113% |
SLM | 1685455200 31-May-2023 | $0.200 | 128% | 113% |
OKR | 1676811600 20-Feb-2023 | $0.150 | 60% | -23% |
MEG | 1676552400 17-Feb-2023 | $0.039 | 151% | 69% |
LYN | 1668949200 21-Nov-2022 | $0.256 | 127% | -20% |
TYX | 1662386400 06-Sep-2022 | $0.017 | 294% | 18% |
SGA | 1658412000 22-Jul-2022 | $0.163 | 249% | 53% |
CAY | 1644757200 14-Feb-2022 | $0.100 | 40% | -45% |
LNR | 1644411600 10-Feb-2022 | $0.029 | 134% | -45% |
AKN | 1643893200 04-Feb-2022 | $0.165 | 88% | -67% |
EV1 | 1637067600 17-Nov-2021 | $0.200 | 250% | 8% |
KNI | 1629813600 25-Aug-2021 | $0.200 | 1700% | 100% |
PFE | 1628085600 05-Aug-2021 | $0.200 | 188% | -63% |
RAS | 1625407200 05-Jul-2021 | $0.065 | 585% | 22% |
BPM | 1621346400 19-May-2021 | $0.200 | 148% | -64% |
MAN | 1614776400 04-Mar-2021 | $0.080 | 250% | -44% |
EMH | 1614690000 03-Mar-2021 | $1.100 | 95% | -40% |
FYI | 1610974800 19-Jan-2021 | $0.200 | 343% | -45% |
PUR | 1606827600 02-Dec-2020 | $0.014 | 552% | 26% |
LRS | 1606309200 26-Nov-2020 | $0.018 | 1195% | 866% |
EMN | 1599141600 04-Sep-2020 | $0.065 | 1192% | 223% |
MNB | 1598364000 26-Aug-2020 | $0.030 | 600% | 300% |
LCL | 1588168800 30-Apr-2020 | $0.036 | 479% | 16% |
GTR | 1588082400 29-Apr-2020 | $0.018 | 144% | -56% |
GAL | 1582981200 01-Mar-2020 | $0.247 | 691% | 152% |
VUL | 1566223200 20-Aug-2019 | $0.200 | 8225% | 1750% |
Macro Outlook Energy Transition Materials
Energy transition is a decades-long trend that we expect will show continued strength through the coming year.
Energy transition refers to the global shift from technologies that use fossil fuels (coal, oil, and natural gas) to technologies that use renewable energy sources (wind and solar, and lithium-ion batteries).
The energy transition is part about the environment and part about reducing geo-political risk by reducing dependence on fossil fuels imported from unfriendly countries.
So suddenly the world is going to need a LOT more of the commodities used to transport and store energy - lithium, graphite, cobalt, copper, manganese, nickel and rare earths.
And after a decade of under-investment in new mines combined with how long it actually takes to build a new mine (7+ years) we don’t think new supply will be coming online any time soon.
Last year we saw $131 billion of investment committed in new lithium-ion battery gigafactories, with 102 gigafactories added to the ten year pipeline. As a result, by the end of the decade global production of lithium ion batteries is set to increase five-fold.
That means a lot more energy transition materials need to be mined — further supporting our thesis that this is a decade-long macro investment theme.
As an Australian, it’s easy to forget that much of the world is still to catch on to investing in the raw materials needed for the energy transition. Most investors interested in the space are likely investing directly in companies that make and sell lithium-ion batteries and products such as electric cars.
Discover the 5 Battery Materials Stocks we’ve Invested in for 2023
What the analysts say
Fastmarkets - The critical materials used in manufacturing batteries for electric vehicles (EV) and energy storage systems (ESS) – including lithium, cobalt, nickel, graphite and manganese – play a vital role in our move towards a zero-carbon future.
Benchmark Minerals - “For the world to meet demand for electric vehicle and energy storage batteries in the next decade, it will need to have built almost 400 new mines by 2035.”
S&P Global says as global efforts to decarbonise drive the rollout of technologies that are increasing demand for raw materials, for many commodities, the growing consumption is poised to outstrip the industry’s ability to ramp up supply, resulting in commodity deficits as early as 2024.
The bear case for Energy Transitions Materials
Demand destruction: commodity prices stay too high making building electric vehicles too expensive and the “switch to electric vehicles” is significantly slowed down and traditional petrol engines come back into favour.
Severe recession: if a worse than expected global recession eventuates, demand for everything will slow, including the pace of the global electrification effort.
Faster than expected new supply: sky high commodity prices have triggered a scramble to bring new projects and mines online. If this happens faster than expected and the market is flooded with supply earlier than expected, prices will likely come down and early stage projects may suffer.
Our Energy Transition Materials Investments

Solis Minerals (ASX:SLM)
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Solis Minerals (ASX:SLM)
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Okapi Resources (ASX:OKR)
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Megado Minerals (ASX:MEG)
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Lycaon Resources (ASX:LYN)
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Tyranna Resources Ltd (ASX:TYX)
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Sarytogan Graphite (ASX:SGA)
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Canyon Resources (ASX:CAY)
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Lanthanein Resources Limited (ASX:LNR)
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Auking Minerals (ASX:AKN)
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Evolution Energy Minerals (ASX:EV1)
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Kuniko Limited (ASX:KNI)
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Pantera Minerals Ltd (ASX:PFE)
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Ragusa Minerals Ltd (ASX:RAS)
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BPM Minerals (ASX:BPM)
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Mandrake Resources Limited (ASX:MAN)
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European Metals Holdings (ASX:EMH)
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FYI Resources (ASX:FYI)
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Pursuit Minerals Ltd (ASX:PUR)
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Latin Resources Limited (ASX:LRS)
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Euro Manganese (ASX:EMN)
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Minbos Resources (ASX:MNB)
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Los Cerros (ASX:LCL)
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GTi Resources (ASX:GTR)
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Galileo Mining (ASX:GAL)
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Vulcan Energy Resources (ASX:VUL)
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Our Commentary on Energy Transition Materials
5 Battery Materials Stocks for 2023
Weekender
Apr 22, 2023
|Next Investors
|10 min
In this article we shine a light on five NON-LITHIUM companies we are holding in the battery materials space.
Here’s what we found at Africa’s biggest mining event
Weekender
Feb 14, 2023
|Next Investors
|11 min
Africa has always been a favourite destination of ours for Investing in small cap resource companies. Two of us are in Africa right now for the Mining Indaba, the premier global mining conference located in Cape Town, South Africa.
Goldman Sachs Predicts a Continuing Commodities Supercycle
Weekender
Dec 17, 2022
|Next Investors
|9 min
In this Weekender, we cover the new Goldman Sachs report that predicts 2023 to be a booming year of the continuing commodities supercycle. With next week being the last full trading week of the ASX before Christmas break, we will be launching our Wise-Owl Pick of the Year for 2022, around ~10pm on Monday.
5 Battery Materials Stocks for 2023
Next Investors
|Apr 22, 2023
Here’s what we found at Africa’s biggest mining event
Next Investors
|Feb 14, 2023
Goldman Sachs Predicts a Continuing Commodities Supercycle
Next Investors
|Dec 17, 2022