2 penny stocks I’d buy to hold in my ISA for the next decade!

Here are the top two stocks I would buy for my Stocks and Shares ISA with cash to invest. I think we can deliver tremendous capital appreciation over the next 10 years.

Kodal Minerals

Buy shares of junior mining like Kodal Minerals (LSE:KOD) could be dangerous for investors. These smaller operators tend to have less financial headroom for weather setbacks in the exploration, project development, and/or production phases.

But I believe this particular penny stock is less risky after recent funding developments. In January, it closed a conditional financing package worth about $118m to acquire the Bougouni lithium project in Mali.

The deal will provide full funding for the development and start of production at the asset. It will also support significant exploration and development programs in other West African projects.

I was attracted to Kodal as an investor because the flagship Bougouni asset has significant long-term potential. The life of the mine is 8.5 years and the current resource estimate is 21.3 million tons.

I’m thinking of buying lithium stocks to boost demand for electric vehicles (EVs). The demand for key battery materials will increase as the production of cleaner cars increases.

The boffins at S&P Global Platts Analytics estimate that 26.8m EVs will be sold in 2030. That’s a huge increase from the 6.3m that were launched ahead in 2021. Kodal could be one of the safest ways for investors to cash in on this rapid growth. market after that new capital injection.

A bright start to 2023 for the British box office suggests Everyman Media Group (LSE:EMAN) could also be a top stock to buy. Cinema takeovers in the future may suffer as the cost of living crisis persists. But the latest data from the industry is very encouraging.

The latest Marvel Studios release Ant-Man and The Wasp: Quantumania took an impressive £8.8m at the UK and Ireland box office on its debut last weekend. To put it in perspective, the previous two Ant Man flicks took £4m and £5m on their respective debuts.

There is strong demand for cinema tickets after the pandemic. And a strong slate of blockbuster films over the next two years could generate handsome profits for the likes of Everyman.

I love this particular cinema operator because it offers more than just a place to catch the latest mainstream or independent films. Visitors can also enjoy drinks at the on-site bar or dine at the restaurant.

This superior experience can allow to see the threat posed by streaming giants like Netflix and Amazon. It may also see the market share of bog standard operators like Cineworld and Vue.

Everyman expands well to give long-term earnings shot in the arm. The plan is to open five new places by 2023 to bring the number of books to 43.