Not 100% sure here but in the pitch it was mentioned that the company was 115 miles away from Tesla’s factory. In comparison, a terafactory could be 28 times larger than the size of the Nevada Gigafactory. Thacker Pass is 150 miles north of the Nevada Gigafactory. This would be necessary in the next 10 years. Investing Basics Thacker Pass is 150 miles north of the Nevada Gigafactory.

He’s concerned that automakers right now are not approaching the industry correctly and not committing to a high enough volume of lithium, setting themselves up for a price spike in the coming years as EV demand increases. This would be necessary in the next 10 years. Last week, I sat down with Rodney Hooper and Howard Klein of RK Equity for another chat about nickel and lithium mining, electric vehicle batteries, Tesla, the… Ivan suggested that if Tesla was looking at mines, he would go with North American mines such as Lithium Americas. Yes, it’s speculation, but circumstantial evidence is pretty strong in something happening. The video discusses why Tesla may get into mining.Equity has been advising junior mining companies from around the world for over 20 years. The Cauchari-Olaroz Project, located in the Province of Jujuy in Argentina, is nearing operation. For the past 10 years, Klein has been looking at lithium. Lithium Americas Inc ( LAC) is about 115 miles away to the north. The facility will extract lithium from brine pumped from the salar and solar evaporation, similar to the Silver Peak Project in Nevada. (TMFMcKenna) Lithium Americas now owns 62.5% of that venture. Spodumene is a pyroxene mineral that has lithium aluminum inosilicate and is a major source of lithium — well known for its kunzite and hiddenite gem varieties.“For 40 years — from the 1950s to the mid-1990s — 100% of the world’s lithium came from North Carolina,” Klein said.Klein pointed out that when it comes to investing in lithium, many shy away from unconventional projects and the markets are not doing so well. If one terafactory required 800,000 tons of lithium each year, this is two and a half times more than our current production. In September, Ganfeng revealed that it has an agreement with Tesla to supply the EV maker with 20% of its annual lithium hydroxide production through 2020, which could be extended by three years. Some of the companies he’s looked at specialize in copper, iron ore, and gold. There are also the Rhyolite Ridge and Clayton Valley mines, which are 200 miles south of the Nevada Gigafactory.Klein, as an investor and advisor, represented Lithium Americas before they moved to Argentina. About Us Likewise, you can’t make those batteries without the minerals for those batteries.Klein shared his thoughts about the EV market and noted that we have investment companies such as Klein pointed out that there isn’t sufficient investment currently being made into the lithium mines needed to meet these aggressive EV market projections. Video Source Tesla, Livent, Albemarle, Lithium Americas, Red Chip Money Report & PBS News Hour Loading... Autoplay When autoplay is enabled, a suggested video will automatically play next. (This list may not be all-inclusive.) The company said that the agreement "equates to less than 25% of Kidman's portion of initial nameplate production for the first three years from the refinery." These types of mines are hard to progress. He shared that they have assets on both continents (North and South America).In his newsletter, Klein shared that Tesla’s Battery Day could be a potential lithium equity market catalyst and that if Tesla was to buy a mine, he reiterated he thinks it would definitely be in North America.Klein spoke of Thacker Pass, which is a clay resource — a sedimentary deposit which is actually a problem for the company due to it being an unconventional lithium deposit. One major thing that Tesla would need is its own mine. Klein noted that while it would take Tesla only 2–3 years to build a terafactory, it would take 5–7 years to build an actual mine.Klein noted that Elon Musk said that it doesn’t pay to increase complexity and introduce new products if you can’t make the batteries. Tesla is believed to import much of its lithium from Australia and South America.

The knock on LAC stock, of course, is that it’s volatile. For this reason, along with the fact that Kidman is a developmental stage company that's not profitable, the stock is not a good fit for most U.S. investors.Pure Energy Minerals is developing the Clayton Valley South Lithium Brine project in Nevada, which is located adjacent to Cadence Minerals (which was named Rare Earth Minerals until March 2017) and Bacanora Minerals are JV partners in the Sonora Lithium Project in Northern Mexico. He authored At the Tesla shareholder meeting in 2019, Elon Musk kind of laughed when he brought up the subject In the interview, Klein dives into the specifics of what Tesla would need to do if it got into the mining business. Lithium Americas, through subsidiaries, is developing two lithium mining and production facilities.

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