The Conversation (0)
Benchmark Mineral Intelligence reported that, following the conditional lithium supply deal announced last week between Tesla Motors (NASDAQ:TSLA), Bacanora Minerals (TSXV:BCN) and Rare Element Resources (LSE:REM) Elon Musk admitted on Twitter last night that the company is pursuing additional lithium deals, potentially in Nevada.
Benchmark Mineral Intelligence reported that, following the conditional lithium supply deal announced last week between Tesla Motors (NASDAQ:TSLA), Bacanora Minerals (TSXV:BCN) and Rare Element Resources (LSE:REM) Elon Musk admitted on Twitter last night that the company is pursuing additional lithium deals, potentially in Nevada.
As quoted in Benchmark’s article:
Tesla is looking to add to the conditional deal it struck with Bacanora Minerals / Rare Earth Minerals and Musk was forced to admit last night on Twitter that Nevada projects are being considered.
Last week’s lithium supply deal with Bacanora from its Sonora clay project in Mexico was the first Gigafactory raw material agreement to be announced, a situation that has gripped the junior mining sector since February 2014
The development surprised many sectors of the mining and investment industries, however. Not only because it is one of the newer lithium assets on the market but also with Tesla’s willingness to back the higher risk junior mining sector rather than striking a deal with an established producer.
But this discussion migrated into the realm of politics yesterday with an article published by the Las Vegas Sun asking whether Elon Musk or the Nevada lawmakers were to blame for a Nevada-based lithium project not getting the green light.
Here’s the twitter conversation
