The lithium industry has experienced significant growth in the past five years primarily because of the boom in Green Energy and EV space and this has attracted a lot of investors searching for high-growth lithium companies. And Ameriwest Lithin is no exception to this growth.
In this article, we will discuss the’s future growth potential of Ameriwest and analyze AWLIF stock forecast for the coming year while trying to answer if this is worthy of a place in your stock portfolio.
Highlights
- Ameriwest Lithium has recently filed a comprehensive technical report regarding its Thompson Valley property situated in Arizona which is a big plus sign for its commitment to future growth.
- There was a significant increase in Total Assets to $1.29M in 2020 and a further rise to $9.35M in 2021.
- By 2030, we expect Ameriwest Lithium stock to cross the $2.5 mark.
Understanding Ameriwest Lithium
Founded by Glenn Collick in 2017, Ameriwest Lithium is a company dedicated to providing green energy solutions through the exploration and development of lithium clay and brine mineral resources.
Currently, AWLIF is actively involved in several exploration and development projects related to lithium and battery metal mining. Notably, these projects are situated in proximity to the Tesla Gigafactory.
AWLIF is focused on four key projects:
- Railroad Valley, Nevada – Property Area: 15,300 Acres
- Edwards Creek Valley, Nevada – Property Area: 22,200 Acres
- Deer Musk East Lithium Project, Clayton Valley, Nevada – Property Area: 7,400 Acres
- Thompson Valley, Arizona – Property Area: 13,160 Acres
In Arizona’s Thompson Valley, Ameriwest Lithium is currently exploring 6,900 acres of lithium clay property.
AWLIF is also engaged in a lithium brine exploration project in Nevada, covering properties such as the 15,300-acre Railroad Valley lithium brine property, the 22,200-acre Edwards Creek Valley lithium brine property, the 5,760-acre Little Smoky Valley lithium clay property, the 7,380-acre Deer Musk East lithium brine property.
Latest News About Ameriwest Lithium
- On May 1st, 2023, the Company announced the closing of a non-brokered private placement for total aggregate gross proceeds of $2,500,000 and the issuance of 12,500,000 units of the Company (each, a “Unit”), at a subscription price of $0.20 per Unit, consequent thereon (the “Private Placement”). Each Unit was comprised of one common share in the capital of the Company (each, a “Share”) and one common share purchase warrant of the Company (each, a “Warrant”).
- Ameriwest Lithium has recently filed a comprehensive technical report regarding its Thompson Valley property situated in Arizona. This significant development marks a crucial step forward for the company as it progresses with the necessary permitting procedures.
- Ameriwest Lithium has made an exciting announcement regarding a new discovery of valuable lithium deposits in Arizona. Through extensive exploration efforts, the company has uncovered high-grade lithium resources with impressive levels of up to 1,670 parts per million (PPM).
Ameriwest Lithium (Ticker: AWLIF): Fundamental Analysis
Ameriwest Lithium is currently not generating profits, but they are heading in the right direction, especially considering the thriving electric vehicle (EV) sector. This industry is expected to continue growing rapidly, and it is likely to positively impact most lithium mining companies, including Ameriwest Lithium.
Here is a brief view of their financials
- Total Assets: The total assets of the company were $165.76K in 2017. There was a decrease of 39.03% to $101.07K in 2018, followed by a slight decline to $98.98K in 2019. However, there was a significant increase to $1.29M in 2020 and a further rise to $9.35M in 2021.
- Total Liabilities: The total liabilities were $38.10K in 2017. It increased by 8.20% to $41.22K in 2018 and further rose to $105.33K in 2019. In 2020, there was a significant increase to $206.37K, and in 2021, it amounted to $1.37M.
- Total Equity: The total equity was $127.66K in 2017. There was a decrease of 53.12% to $59.85K in 2018, followed by a substantial decline to -$6.35K in 2019. However, there was a remarkable increase to $1.08M in 2020 and further growth to $7.99M in 2021.
- Total Liabilities & Shareholders’ Equity: The sum of total liabilities and shareholders’ equity was $165.76K in 2017, $101.07K in 2018, $98.98K in 2019, $1.29M in 2020, and $9.35M in 2021.
- Total Revenue: The company did not generate any revenue in 2017, 2018, 2019, 2020, 2021, or in the trailing twelve months (TTM).
- Cost of Goods Sold: Similarly, there were no costs associated with goods sold in 2017, 2018, 2019, or 2020. However, in 2021 and TTM, there were expenses of -$41.89K and -$67.81K, respectively.
- Gross Profit: There was no gross profit reported in 2017, 2018, 2019, 2020, or the TTM. However, in 2021 and TTM, the company had a gross loss of -$41.89K and -$67.81K, respectively.
Ameriwest Lithium (AWLIF): Technical Analysis – 06/09/2023
In the US market, this stock trades under the OTC (Over-The-Counter) market and is not currently listed on any of the exchanges.
On the technical analysis front, Ameriwest Lithium (AWLIF) has been facing significant resistance around the $0.26 mark for the past few months. However, in recent weeks of trading, it seems to have broken through this resistance level based on daily candlestick patterns.
If the positive momentum continues, similar to the overall recovery in the electric vehicle (EV) sector, AWLIF has a good chance of successfully surpassing the resistance.
Once the resistance at $0.26 is broken, there is a high potential for a significant upward swing in the stock price.
Looking at the RSI (Relative Strength Index) chart, AWLIF appears to be in the overbought category, suggesting a possible small pullback in the near term. However, there is strong support at $0.18, which is expected to hold above that level.
Considering the technical chart analysis as a whole, the likelihood of AWLIF moving higher is greater than a downward trend.
AWLIF Stock Forecast from 2023 to 2030
The demand for lithium is expected to soar due to the rapid growth of the electric vehicle market. Auto companies heavily rely on lithium suppliers to meet this increasing demand.
Ameriwest Lithium is well-positioned to capitalize on this trend, making it a key player in the industry’s expansion. Also, it’s worth mentioning that Ameriwest Lithium has vast untapped property potential, which, if proven, could result in substantial stock price appreciation. So future definitely looks strong for AWLIF.
Let’s take a quick look at the future forecast for Ameriwest Lithium Stock.
| Year | Min Price | Avg Price | Max Price |
|---|---|---|---|
| 2023 | $0.18 | $0.37 | $0.56 |
| 2024 | $0.24 | $0.44 | $0.66 |
| 2025 | $0.62 | $0.90 | $1.18 |
| 2026 | $0.85 | $0.74 | $1.8 |
| 2027 | $1.5 | $1.85 | $2.20 |
| 2030 | $1.89 | $2.29 | $2.68 |
AWLIF Stock Forecast 2023
Considering the current market conditions and our analysis of fundamental and technical aspects, we project that the highest price target for AWLIF stock in 2023 could reach $0.56, while the minimum price target is estimated at $0.18.
However, market sentiment may cause prices to fall below our target range. Despite the potential risks, long-term investors might find this period favorable for establishing a position in AWLIF, given the expected growth of the EV industry and the subsequent demand for lithium stocks.
AWLIF Stock Forecast 2024
For the year 2024, we are expecting the prices to reach about $0.66 on the higher side and $0.24 on the lower end.
AWLIF Stock Forecast 2025
Ameriwest Lithim has been growing its number of projects steadily for the last several years and all that should pay them well in 2025 as this is the year we expect the EV to come in full swing. Most of the companies will have a full lineup of their EV vehicle in the next couple of years and they would all depend on the supply of good quality lithium.
Based on our out analysis, we anticipate that by 2025, AWLIF stock could cross the $1 mark and reach a high of $1.18, with a minimum target of $0.62.
AWLIF Stock Forecast 2026
With their expansion into the Thomson Valley exploration site in Arizona, they should see a real boost in production and that should reflect in the coming 2-3 years.
Keeping a positive outlook, we expect Ameriwest Lithium to touch a high of $1.8 and on the bearish end could go as low as $0.85
AWLIF Stock Forecast 2027
Looking ahead to 2027, we expect Ameriwest Lithium to commence exploration activities on additional lithium claims and go full swing, resulting in improved cash flow and sales.
The price target for AWLIF stock in 2027 is projected to range between $1.5 (minimum) and $2.2 (maximum) based on our fundamental analysis.
AWLIF Stock Forecast 2030
Now taking a longer-term view, our fundamental analysis indicates that by 2030, AWLIF stock could reach a high target of $2.68, with a minimum target of $1.89
AWLIF’s management team is actively developing strategies to position the company as a leading exploration and development firm for natural resource properties in Canada and the United States.
Given the US government’s target of 50% electric vehicles by 2030 and projected global growth in electric vehicle sales, Ameriwest Lithium is in line to play a vital role in the industry’s expansion.
If mineral resources or reserves are discovered on their extensive property, the stock price of Ameriwest Lithium could exceed our forecast significantly.
Is Ameriwest Lithium a Good Investment?
The Ameriwest Lithium stock has not performed very well in the last year. However, we can attribute that to the overall downturn in the EV industry following the post-pandemic period. Throughout 2022, there was a decline in the industry as a whole. However, in 2023, we are witnessing a different trend. The industry, especially the green energy sector, is showing an uptrend.
In the US market, the Biden Administration is strongly pushing for green energy initiatives. They are targeting that by 2030, the majority of vehicles will be electric. This shift will greatly benefit mining companies, and Ameriwest Lithium could be a major beneficiary of this change. Despite its underperformance, considering these prospects, it appears to be a promising investment.
Ameriwest Lithium has initiated several mining projects, including the recent Arizona Thompson Valley project. They have many more projects in their pipeline. If these projects perform well, we could see a significant turnaround in the stock. On the technical side, we have observed a slight resistance around the $0.26 mark. However, it seems like this resistance is gradually breaking, as evident in the past week. Once this resistance is broken, the stock should experience an upward movement based on technical analysis.
Taking a long-term perspective, we anticipate the price to exceed the $2.5 range by 2030. If you are considering investing with a longer-term view, this stock has the potential to multiply your investment.
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Frequently Asked Questions
Does AWLIF offer dividends?
No Ameriwest Lithium stock does NOT offer dividends.
Is it too late to invest in lithium stocks?
No, in fact, this is the right time to invest in Ameriwest Lithium stock. The prices have been down, and the stock is currently attempting to break through the resistance. If you’re considering investing in this stock, now might be the right time to enter the market.
What does Ameriwest Lithium do?
Ameriwest Lithium is a company that specializes in the exploration, development, and production of lithium resources. They are actively involved in mining lithium, which is a key component in the production of batteries for electric vehicles and energy storage systems.
Final Take
Ameriwest Lithium shows promising prospects in light of the growing EV industry, which is expected to gain momentum in the coming years. As the lithium industry stands to benefit the most from this boom, investing in Ameriwest Lithium appears favorable.
However, it’s important to note that this stock trades on the OTC market, which carries inherent risks as it is less regulated by the SEC. Therefore, I highly recommend conducting thorough research before considering any investment.
Ameriwest Lithium is currently not profitable, but with their ongoing mining projects, including the Thompson Valley Project, if successful, they have the potential to become a promising company for the future.
Disclaimer - Please note that these predictions and analyses are for informational purposes only. We recommend our readers conduct in-depth research before investing in any stock and follow risk management techniques due to the volatile nature of the stock market.
