Active Chart: In the U.S., volume surged over 1,861% from the total tallied shares traded during the month of July 2023 as compared to the month of September 2023 for (OTC: SNNAF). Similarly, there was a 1,086% increase from the total tallied shares traded throughout July 2023 as compared to September 2023 for shares of (TSXV: SIE). (8)(9)
Now let’s take a closer look at why Sienna Resources Inc. (TSXV: SIE) (OTC: SNNAF) deserves the top spot on your daily watch list…
The global electric vehicle (EV) battery market is on an exponential growth trajectory, with its value expected to surge from $53.08 billion in 2022 to a staggering $276.40 billion by 2030. This remarkable growth represents a robust compound annual growth rate (CAGR) of 22.9% during the forecast period from 2022 to 2030. These figures are indicative of a massive shift towards EVs globally, with the Asia-Pacific (APAC) region playing a pivotal role as it accounts for a significant share of the market, valued at $21.21 billion in 2022.
Central to the electrification of vehicles are rechargeable batteries that power electric motors in both fully electric and hybrid electric vehicles. Modern EVs primarily employ lithium-ion and lithium-polymer batteries due to their exceptional energy density relative to their weight. These batteries consist of various essential chemical components, including lithium, cobalt, manganese, steel, graphite, and nickel, each serving a distinct purpose to enhance battery efficiency.
The surging demand for EVs, driven by the need for sustainable and environmentally friendly transportation solutions, is the catalyst propelling the EV battery market towards its projected valuation of $276.40 billion by 2030.
As the electric vehicle revolution gains momentum, the market continues to offer lucrative opportunities for battery manufacturers, automakers, and industry participants. One company poised to benefit from this monumental shift is Sienna Resources Inc. (TSXV: SIE) (OTC: SNNAF), which has strategically positioned itself in the dynamic EV battery supply chain. (7)
In the U.S., volume surged over 1,861% from the total tallied shares traded during the month of July 2023 as compared to the month of September 2023 for (OTC: SNNAF). (8)
Sienna Resources Inc. (OTC: SNNAF) Monthly Volume: (8)
*All of these volume statistics are publicly sourced information.
There was a 1,086% increase from the total tallied shares traded during the month of July 2023 as compared to the month of September 2023 for shares of (TSXV: SIE) (8)(9)
Sienna Resources Inc. (TSXV: SIE) Monthly Volume: (9)
*All of these volume statistics are publicly sourced information. (9)
As of 10/17/2023, Sienna Resources Inc. (OTC: SNNAF) has a market cap of less than U.S. $9.1 million according to Yahoo Finance. (13) In Canada, Sienna Resources Inc. (TSXV: SIE) has a market cap of just under CAD $12 million. (14)
This means that Sienna Resources Inc. (TSXV: SIE) (OTC: SNNAF) is considered a nano-cap. In general, nano-cap companies have market capitalizations of less than $50 million. (15) Because nano-cap stocks are significantly smaller than mid-cap or large-cap companies, they have a higher potential to change valuation quickly. (16)
Which is why things could get very interesting and also why you need to start your research on Sienna Resources Inc. (TSXV: SIE) (OTC: SNNAF).
The recent enactment of the Inflation Reduction Act (IRA) has generated considerable excitement, particularly for its potential to combat inflation and tackle climate change. While the IRA encompasses a broad spectrum of initiatives, one aspect that deserves special attention is its potential to reshape domestic lithium production—a pivotal element in the clean energy revolution.
Jason Gigliotti, President of Sienna Resources, emphasizes the significance of this drill program, stating, “This drill program could be a game changer for Sienna when you consider the market reaction to our neighbor, Surge Battery Metals, whose shares have risen based on their drill results right beside Sienna’s property.” (1)
However, Sienna Resources Inc. (TSXV: SIE) (OTC: SNNAF) is not solely reliant on this project; it also boasts the status of being one of the largest landholders in Clayton Valley, Nevada, through its other property interests. The company’s robust financial stability, backed by ample cash reserves to fund its current exploration plans, places it in a favorable position for active engagement on multiple fronts throughout 2023.
As Sienna Resources Inc. embarks on this exciting journey, the company’s proximity to high-grade lithium discoveries, strong financial stability, and the potential game-changing drilling program all combine to present a compelling case for investors and industry stakeholders. Sienna Resources Inc. (TSXV: SIE) (OTC: SNNAF) is a player to watch in the evolving landscape of lithium exploration, offering the potential for significant growth and opportunities.
Additionally, the Bureau of Land Management (BLM) has approved for up to 4 additional drilling locations on Sienna Resources Inc.’s 100% owned Blue Clay Lithium Project in Clayton Valley, Nevada. This project has already yielded promising results, with lithium values reaching as high as 1230 ppm Li in a new lithium discovery on March 25, 2022. Covering 150 contiguous claims spanning approximately 2,950 acres, the Blue Clay Lithium Project is strategically located in the heart of Clayton Valley, the sole producing lithium region in North America. (1)
Jason Gigliotti, President of Sienna Resources, expressed his optimism about the projects, stating, “2023 will be a breakout year for Sienna Resources Inc., and management could not be more optimistic about the coming months.” (20)
Sienna Resources Inc. (TSXV: SIE) (OTC: SNNAF) is strategically positioned to capitalize on the growing demand for lithium in North America. With its trio of promising projects in Nevada’s Clayton Valley, Sienna is poised to potentially play a role in shaping the future of the lithium industry, mirroring the recent success of neighboring companies in the region.
Industry stakeholders have a lot to anticipate in the upcoming months as Sienna Resources Inc. (TSXV: SIE) (OTC: SNNAF) explores the rich potential of these lithium projects.
Active Chart: In the U.S., volume surged over 1,861% from the total tallied shares traded during the month of July 2023 as compared to the month of September 2023 for (OTC: SNNAF). Similarly, there was a 1,086% increase from the total tallied shares traded throughout July 2023 as compared to September 2023 for shares of (TSXV: SIE). (8)(9)
Source 1: https://finance.yahoo.com/news/sienna-hires-driller-first-phase-070100044.html
Source 2: https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/clayton-valley-nevada-lithium-hotspot/
Source 3: https://www.forbes.com/sites/alanohnsman/2023/01/24/tesla-pouring-36-billion-into-nevada-plant-for-ev-battery-semi-production/?sh=44aa6fb211ef
Source 4: https://imageio.forbes.com/specials-images/imageserve/63d07ff26cede093366e3ae6/Tesla-Gigafactory-investment/0x0.png?format=png&width=960
Source 5: https://www.siennaresources.com/projects/clayton-valley-blue-clay-lithium-project/
Source 6: https://www.siennaresources.com/
Source 7: https://www.precedenceresearch.com/electric-vehicle-battery-market
Source 8: https://www.barchart.com/stocks/quotes/SNNAF/price-history/historical
Source 9: https://www.barchart.com/stocks/quotes/SIE.VN/price-history/historical
Source 10: https://schrts.co/VevUzjvx
Source 11: https://schrts.co/aCzExPVy
Source 12: https://www.forbes.com/sites/jamesbroughel/2022/09/14/how-the-inflation-reduction-act-could-cause-a-lithium-crunch/?sh=2a6d7bac42c1
Source 13: https://finance.yahoo.com/quote/SNNAF?p=SNNAF&.tsrc=fin-srch
Source 14: https://finance.yahoo.com/quote/SIE.V?p=SIE.V&.tsrc=fin-srch
Source 15: https://www.investopedia.com/terms/n/nanocap.asp
Source 16: https://www.benzinga.com/money/best-nano-cap-stocks
Source 17: https://innovationatwork.ieee.org/wp-content/uploads/2019/11/bigstock-Electric-Car-Charging-At-The-C-119514659_1024X684.png
Source 18: https://img.electronicdesign.com/files/base/ebm/electronicdesign/image/2022/05/Mouser_EVbattery_promo.627acdd4ec44a.png?auto=format,compress&fit=fill&fill=blur&w=1200&h=630
Source 19: https://www.siennaresources.com/projects/clayton-valley-blue-clay-lithium-project/
Source 20: https://www.siennaresources.com/projects/clayton-valley-deep-basin-lithium-brine-project/
Source 21: https://www.siennaresources.com/projects/clayton-valley-silver-peak-south-lithium-project/
Source 22: https://www.siennaresources.com/wp-content/uploads/2023/02/SIE-CV-Li-Brine-Map-20230627.jpg
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