5 Cheap Lithium Penny Stocks under $5 and $10

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 2027 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 and 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 5 cheap lithium stocks to consider buying:

1. CBAK Energy Technology (NASDAQ: CBAT)

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. Ultralife Corporation (NASDAQ: ULBI)

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.

3. Westwater Resources, Inc. (NYSE: WWR)

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.

4. Noram Lithium Corp. (OTC: NRVTF)

Noram Lithium Corp. engages in the acquisition, exploration, and development of mineral properties in the United States.

It owns interests in the Zeus Lithium Project located in Clayton Valley, Nevada.

Noram Lithium Corp. was incorporated in 2010 and is based in Vancouver, Canada.

5. Global Battery Metals (OTC: REZZF)

Global Battery Metals Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada.

The company holds a 55% interest in the Lara porphyry copper molybdenum property consisting of three mineral concessions covering an area of 1,800 hectares located in Peru; and an option to acquire up to 90% interest in the North West Leinster Lithium Property covering fifteen prospecting licenses, which covers a total area of 477.39 square kilometers situated in the Republic of Ireland.

It also owns 100% of the Lithium King property consisting of approximately 7,900 acres of placer claim located on the west side of the Great Salt Lake Basin in western Utah.

Global Battery Metals Ltd. was incorporated in 2005 and is headquartered in Vancouver, Canada.