LODE Stock: Lithium-Ion Battery Deal Fuels Comstock Mining Stock InvestorPlace 2/17/2021
Comstock Mining (NYSEAmerican:
LODE) surged more than 230% higher after a deal that will give it control of Linico Corp., a lithium-ion battery (LIB) recycling company. Comstock will pay $4.5 million in cash and 3.0 million shares of its restricted LODE stock, which represents a total consideration of $10.75 billion. © Provided by InvestorPlace
Lithium is a widely used material in EV batteries. With the U.S., Europe and China quickly shifting to vehicle electrification, lithium demand is set to soar through the decade. Right now, lithium stocks may be a better way to play the EV megatrend than EV stocks themselves.
LODE Stock: Lithium-Ion Battery Deal Fuels Comstock Mining Stock
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LODE Stock: Lithium-Ion Battery Deal Fuels Comstock Mining Stock Surging
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