5 High-Growth Lithium Stocks to Buy

2. Pilbara Minerals Limited (PLS.AX)

YoY Growth in Revenue for the Most Recent Reported Quarter: 607.8%

Pilbara Minerals Limited (PLS.AX) is a West Perth, Australia-based lithium company that has complete ownership over the biggest independent hard-rock lithium operation situated in the resource-rich Pilbara region known as the Pilgangoora Lithium-Tantalum Project.

The Pilgangoora Project is one of the largest lithium-tantalum deposits in the world and is a joint venture between Pilbara Minerals Limited and Chinese lithium producer Jiangxi Ganfeng Lithium Co., Ltd. The project has a mineral resource estimate of 256.7 million tons. The company is focused on developing the Pilgangoora Project to produce spodumene concentrate, which can be further processed into lithium hydroxide and lithium carbonate, used in the manufacturing of batteries for electric vehicles and other applications.