11:04 AM EDT, 07/18/2024 (MT Newswires) -- National Bank of Canada on Wednesday provided a second-quarter earnings preview for lithium companies under its coverage.

The bank said it expects Lithium Royalty ( LITRF ) to improve its revenue quarter over quarter, driven by the deferred receipt of revenue related to first-quarter sales from Sigma Lithium ( SGML ) and a higher-than-expected reported sales from the Finniss operation.

National Bank also outlined key catalysts for companies including an upcoming resource update for Patriot Battery Metals ( PMETF ) , the DOE loan for Lithium Americas ( LAC ) and economic studies by American Lithium ( AMLI ) .

National Bank said it remains cautious of the lithium market for the near term, owing to softer demand outlook and a growing supply.

Price: 0.77, Change: +0.01, Percent Change: +1.32