Three ASX lithium shares had a tough run in November. However, two of these shares have made gains in the year to date.
Looking at their share price movements during the month, Piedmont Lithium Inc (ASX: PLL) shares fell 13.54%, Leo Lithium Ltd (ASX: LLL) shares dropped 11.29%, while Anson Resources Ltd (ASX: ASN) shares plunged 25.81%.
Let's take a look at each of these ASX lithium shares in more detail.
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Piedmont Lithium
Piedmont is aiming to become a "leading American producer of lithium hydroxide" produced from spodumene concentrate. On 2 November, Piedmont released a corporate presentation to the market.
On 16 November, Piedmont advised Sayona Mining Ltd (ASX: SYA) had entered a strategic acquisition and earn-in agreement with Jourdan Resources Inc (TSXV: JOR) for 48 claims of the Vallee Lithium Project. Piedmont has a 25% stake in the project.
Commenting on this news, Piedmont Lithium CEO and president Keith Phillips said:
The claims of the Vallee Lithium Project represent the potential to extend or expand North American Lithium (NAL_ operations over time. At this time, we remain focused on near-term production of spodumene concentrate as NAL advances toward the restart target of H1 2023.
Piedmont Lithium shares may have fallen in November, but they have gained nearly 12% overall year to date. The company is also listed in the United States under the ticker (NASDAQ: PLL).
Anson Resources
Anson Resources is developing the Paradox Lithium Project in Utah, USA. The company is exploring lithium and NaBr from this project.
Anson announced a major upgrade to its mineral resource estimate for the Paradox project in November. The new upgraded resource is:
- 1,037,900t of Lithium Carbonate Equivalent (LCE) and 5.27Mt of Bromine
Commenting on the news, the company said:
The delivery of the mineral resource upgrade represents another significant achievement in the
development pathway of the Project.
Anson shares have soared 70% in the year to date and a mammoth 92% in the last year.
Leo Lithium
Leo Lithium is developing the Goulamina Lithium Project in Mali, West Africa.
On 15 November, Leo Lithium advised it has signed a port services agreement to export spodumene concentrate produced at the Goulamina Lithium Project.
On 28 November, Leo Lithium advised Ron Chamberlain has been appointed chief financial officer and joint company secretary. Commenting on this news, Leo Lithium managing director Simon Hay said:
Ron's experience in projects and operations in a global setting including Africa will be a real asset to Leo.
Despite falling in November overall, the company's shares have soared 17% since market close on 28 November.
