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Team Veye   March 30, 2026

Encashing the lithium rush: Best 3 ASX lithium stocks

Team Veye   March 30, 2026
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These lithium companies reported growth, strong production, and strategic plans to meet rising battery demand.

PLS Group Limited (ASX: PLS)Β 

PLS Group Limited reported H1 FY26 results for the period ended 31 December 2025 and showed higher output and sales. The production reached 432.8kt whereas sales hit 446.0kt with improved realised pricing.

Revenue rose to $624M supported by stronger prices. Unit costs fell to $563 per tonne. EBITDA reached $253M with margins at 41%, showing efficient operations and cost control.

Net profit turned positive at $33M despite project costs and investment impacts. Cash stood at $954M with total liquidity near $1.6B, indicating stable financial positioning.

The company plans Ngungaju restart by July 2026 adding capacity. It is also progressing downstream projects, balancing growth options though continuing flexibility through changing lithium market conditions.

Liontown Limited (ASX: LTR)Β 

Liontown Limited on 12 March 2026 shared its half-year results for the period ended 31 December 2025. LTR reported strong production growth with 192514 dmt produced and higher sales.

Revenue reached $207.5M as volumes expanded during underground ramp up at Kathleen Valley. Despite this growth EBITDA remained negative showing early stage cost pressure but improving efficiency trends.

Statutory loss was $184M mainly due to non cash derivative impact which ended after February 2026 conversion. Cash stood at $390.5M and debt position improved significantly after restructuring.

Operations reached one million tonne run rate with expansion plans progressing. The company appears positioned to benefit from future lithium demand as existing assets allow faster production response.

Vulcan Energy Resources Limited (ASX: VUL)Β 

Vulcan Energy Resources Limited announced on 17 March 2026 it secured its first lithium production licence for the Lionheart Project in Rhineland Palatinate, Germany now funded and under construction.

The phase One Lionheart targets 24,000 tonnes of lithium hydroxide annually along with 275 GWh renewable power and 560 GWh heat. Commercial production is planned for 2028 with financing of €2.2 billion completed in December 2025.

The project benefits from low cost brine extraction and proprietary VULSORB A-DLE technology. Offtake agreements with Europe focused customers provide pricing support and align with European EV and battery demand growth.

Future phases plan to replicate Phase One, leveraging existing infrastructure and geothermal energy. Lionheart is positioned to deliver flexible lithium products and contribute to Europe’s energy transition and supply chain resilience.

(Source: Company Report)

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