5 Cheap (Small-cap) Lithium Penny Stocks under $5

Last Updated on October 24, 2021 by Henry John

If you are looking for Lithium stocks under $5 and $10 (Lithium penny stocks) the following list of stocks fits into that filter.

The global demand for lithium has been on the rise for years now, especially for its use in the production of batteries.

Electric vehicles are currently driving the demand for Lithium, as lithium is an integral component of batteries for EVs.

Check out: Cheap EV Penny Stocks

The demand for lithium could triple by 2025 and the bulging question is, will there be enough supply to match the demand?

Of course, as an investor, you know that if demand exceeds supply, prices go high vice-versa. An increase in demand and price of lithium will definitely boost the growth of lithium stocks.

If you are interested in lithium Penny stocks, here are cheap (small-cap) lithium stocks to consider buying:

1. CBAK Energy Technology

CBAK Energy Technology, Inc., through its subsidiaries, develops, manufactures, and sells lithium batteries in Mainland China, the United States, Europe, Taiwan, Israel, and internationally.

Its products are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles that include electric bicycles, electric motors, and sight-seeing cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools.

The company was formerly known as China BAK Battery, Inc. and changed its name to CBAK Energy Technology, Inc. in January 2017. CBAK Energy Technology, Inc. was founded in 1999 and is based in Dalian, China.

2. Lithium Americas Corp

Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits.

It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and owns a 100% interest in the Thacker Pass lithium project located in Humboldt County in northern Nevada.

The company was formerly known as Western Lithium USA Corporation and changed its name to Lithium Americas Corp. in March 2016. Lithium Americas Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

3. Livent Corporation

Livent Corporation manufactures and sells performance lithium-based batteries, specialty polymer, and chemical synthesis applications in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Update: Livent Corporation has been a huge success, and its stock has risen over 200% (3x) in the past 52 weeks and is trading above $20, as such it can no longer be considered a Penny stock.

The company offers lithium compounds for use in applications that have specific performance requirements, including battery-grade lithium hydroxide for use in high-performance lithium-ion batteries; and butyllithium, which is used in the production of polymers and pharmaceutical products, as well as a range of specialty lithium compounds, including high purity lithium metal, which is used in the production of lightweight materials for aerospace applications and non-rechargeable batteries.

It also provides lithium phosphate, pharmaceutical-grade lithium carbonate, high purity lithium chloride, and specialty organics; and lithium carbonate and lithium chloride for use as feedstock in the process of producing performance lithium compounds.

The company was incorporated in 2018 and is headquartered in Philadelphia, Pennsylvania. Livent Corporation is a subsidiary of FMC Corporation.

4. Ultralife Corporation

Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company serves government, defense, and commercial sectors.

The company operates in two segments, Battery & Energy Products and Communications Systems.

  • The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium ion cells, multi-kilowatt module lithium ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.
  • The Communications Systems segment provides communications systems and accessories to support military communications systems, such as radio frequency amplifiers, power supplies and cables, connector assemblies, amplified speakers, equipment mounts, case equipment, man-portable systems, and integrated communication systems for fixed or vehicle applications comprising vehicle adapters, vehicle installed power enhanced rifleman appliqué systems, and SATCOM systems. This segment’s military communications systems and accessories are designed to enhance and extend the operation of communications equipment, such as vehicle-mounted, manpack, and handheld transceivers.

It sells its products under the Ultralife, Lithium Power, McDowell Research, AMTI, ABLE, ACCUTRONICS, ACCUPRO, ENTELLION, SWE DRILL-DATA, and SWE SEASAFE brands through original equipment manufacturers, and industrial and defense supply distributors, as well as directly to the United States and international defense departments.

In addition, the company sells its 9-volt battery to the broader consumer market through national and regional retail chains and Internet retailers.

Ultralife Corporation was founded in 1990 and is headquartered in Newark, New York.

5. Westwater Resources, Inc.

Westwater Resources, Inc. operates as a diversified energy materials development company. It primarily explores for lithium, graphite, uranium, and Vanadium deposits.

The company’s principal project is the Coosa graphite project covering an area of approximately 41,965 acres situated in east-central Alabama.

It also holds interest in lithium projects, which include Columbus Basin project covers an area of approximately 14,200 acres comprise of 2 blocks of unpatented placer claims located in western Nevada; and the Sal Rica Project covers an area of approximately 13,260 acres situated in the northwestern Utah.

It addition, the company holds interests in various uranium projects, including 188,700 acres in the west-central part of the New Mexico; and Texas.

The company was formerly known as Uranium Resources, Inc. and changed its name to Westwater Resources, Inc. in August 2017. Westwater Resources, Inc. was founded in 1977 and is based in Centennial, Colorado.

8 thoughts on “5 Cheap (Small-cap) Lithium Penny Stocks under $5”

  1. Have a look at Standard Lithium (STLHF) also. This is a project going on in my hometown in South Arkansas. Innovative tech that delivers battery grade lithium in a fraction of the time. I’m already up 30% on my initial and I’m going long on it.


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