3 Penny Stock Powerhouses Poised to Pump Up Your Portfolio

Group 1: Surge Battery Metals - Surge Battery Metals recognized as one of the 2024 Top 50 mining companies on the TSX Venture Exchange, attributed to share price appreciation, trading volume, and market capitalization growth [2] - Completion of four drill holes for the 2024 Nevada North Lithium Project confirmed mineralized clay horizons, with four additional holes underway to expand the mineralized clay footprint [3] - The existing inferred resource of lithium carbonate equivalent is 4.67 million tonnes, indicating potential for future mining activity [13] Group 2: Nikola - Nikola continues to grow its hydrogen fuel cell truck business, securing orders for 140 trucks from 12 customers in Q1 2023 and delivering 40 fuel cell electric vehicles [6] - Plans to expand hydrogen and battery-electric offerings in 2024, aiming for 14 hydrogen fueling solutions to position hydrogen vehicles as a viable alternative to electric vehicles [7] - A 1-for-30 reverse stock split announced, reducing authorized share count to 1 billion, leading to a significant stock decline [14] Group 3: Lithium Americas - Lithium Americas has a market capitalization of $610 million, contrasting with the Thacker Pass asset's estimated $5.7 billion after-tax net present worth, expected to generate strong EBITDA and cash flows upon production starting in 2027 [8] - The U.S. Department of Energy provisionally agreed to a $2.26 billion loan for the company, indicating confidence in the asset's ability to cover the loan [8] - Recent partnerships and funding include a $650 million investment from General Motors for its Nevada project and $275 million raised through equity dilution to complete the project on schedule [17]