TOP ASX Growth Stocks To Watch: January 2022 📈 (BRN, AVZ, RNU, LPI) | Summary and Q&A

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January 9, 2022
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TOP ASX Growth Stocks To Watch: January 2022 📈 (BRN, AVZ, RNU, LPI)

TL;DR

January 2022 brings new opportunities for investors. Renascor Resources focuses on graphite production for battery graphite anodes. Lithium Power International develops the Merakunga lithium project in Chile. AVZ Minerals possesses a significant high-grade lithium resource in the DRC.

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Questions & Answers

Q: What are the key factors driving investor interest in Renascor Resources?

Renascor Resources benefits from sector-wide uplift in the EV battery supply chain, particularly in terms of diversification and localization of supply chains. With its location in Australia and major project status, it offers exposure to the growing demand for battery anodes.

Q: How does Lithium Power International's strategic alliance with Mitsui de-risk its Merakunga project?

The memorandum of understanding with Mitsui allows for potential offtake agreements and funding participation. The partnership validates the project and provides leverage in negotiations. It also opens up opportunities for collaboration on direct lithium extraction technology.

Q: What are the upcoming catalysts for AVZ Minerals?

AVZ Minerals is awaiting the mining license award and finalizing the mining license as well as collaboration agreements in the DRC. These milestones will significantly de-risk the project and pave the way for bankable feasibility study and construction.

Q: Why does the Mercedes announcement matter for Brainchip?

The announcement of Mercedes using Brainchip's neuromorphic computing technology in its Vision EQXX concept car validates Brainchip's technology on a global scale. It indicates that other automotive manufacturers may also be interested in incorporating Brainchip's Akida technology, leading to potential integration opportunities and market awareness.

Summary & Key Takeaways

  • Renascor Resources is developing a graphite project to produce battery graphite anodes for electric vehicles, capitalizing on the growing demand for alternative EV battery materials.

  • Lithium Power International aims to become a near-term lithium producer with its Merakunga project in Chile, attracting investor interest due to recent resource and reserve upgrades.

  • AVZ Minerals holds one of the world's largest lithium resources and is progressing towards a mining license for its high-grade Monono project in the DRC, with potential for expansion.

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