On September 23, 2020, BMO Capital analyst Joel Jackson says his assumption is that Tesla’s (TSLA) acquired rights in an unnamed Nevada lithium clay project is not Lithium Americas’ (LAC) Thacker Pass clay project and instead is another Nevada land package. Such information reflects the Company's current views with respect to future events and is necessarily based upon a number of assumptions that, while considered reasonable by the Company today, are inherently subject to significant uncertainties and contingencies. He shared that they have assets on both continents (North and South America). However, Elon Musk’s reputation for being both unconventional and successful could impact the lithium industry in a positive way. Published on June 27th, 2020 | The Thacker Pass lithium deposit, previously called the Kings Valley lithium deposit, is a lithium clay mining development project located in Humboldt County, Nevada. Likewise, you can’t make those batteries without the minerals for those batteries. He sees this as a potential brake on the EV revolution, slowing it down a bit. You can find Johnna on Twitter at all hours of the day & night. He also shared that what would drive the price of lithium up (not the share price but the materials price) is simply Tesla and other OEMs selling more EVs. “. He noted that if Tesla or any other major auto OEM was to buy a lithium mine, it would mostly affect the price of lithium market shares, but not the price of lithium itself. Thacker Pass lithium project is a world-class lithium project being developed in Humboldt County, Nevada, US. Thacker Pass, located 100 km northwest of Winnemucca, in Humboldt County, Nevada, is 100% owned by Lithium Nevada Corp. ("Lithium Nevada"), a US corporation and wholly-owned subsidiary of Lithium Americas. Forward-looking information is made as of the date hereof and the Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. However, it’s not as wild an idea as one might first think. "With the federal permitting process complete, our focus is on advancing the financing process including discussions with potential strategic partners.". Some of the key topics from the video are: Klein pointed out that when Tesla first opened the Nevada Gigafactory, it had an annual production target of 35 GWh, and Tesla would require 25,000 tons of lithium per year to produce 35 GWh. The Thacker Pass project is 100% owned by Lithium Americas Corporation and there has been no commercial lithium production from the property. Coincidentally, it’s right next to the Tesla Gigafactory. Thacker Pass, located 100 km northwest of Winnemucca, Nevada, is host to the largest known lithium resource in the US. Lithium is known for its soothing energy and is also used in medicine for that property. which has dropped lithium prices. Thacker Pass is 100% owned by Lithium Nevada Corp. (“Lithium Nevada”), a Nevada corporation that is a wholly-owned subsidiary of Lithium Americas. Contact us here. CleanTechnica is the #1 cleantech-focused news & analysis website in the US & the world, focusing primarily on electric cars, solar energy, wind energy, & energy storage. Once in production, Thacker Pass will produce enough domestically sourced lithium chemicals to encourage the development of large-scale cathode, battery and end-user manufacturing in the U.S.” If the Thacker Pass project develops as Lithium Nevada expects, the new domestic source of lithium chemicals could make the United States a much larger center of gravity for the lithium-ion battery … Klein explained that the demand for lithium will most likely go up from approximately 300,000 tons a year today to 2 million tons a year by 2030 — a 7× increase. At the Tesla shareholder meeting in 2019, Elon Musk kind of laughed when he brought up the subject Tesla getting into the mining business. (C) Copyright 2021 GlobeNewswire, Inc. All rights reserved. Set to be the biggest lithium deposit in the US, Thacker Pass is being developed by Lithium Nevada, a fully-owned subsidiary of Lithium Americas (LAC). If Tesla was the first company to buy and produce a lithium mine, it would attract more investors and funds, which would be needed to produce the amount of lithium one terafactory would need. Cover photo of a rare lithium-rich form of mica known as Lepidolite by Johnna Crider. Klein also publishes a podcast called Lithium-ion Rocks with Rodney Cooper. Forward-looking information also involves known and unknown risks that may cause actual results to differ materially. Lithium Americas is a Canadian-based company listed on both the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE) under the ticker symbol LAC. The Company trades on both the Toronto Stock Exchange and on the New York Stock Exchange, under the ticker symbol "LAC". 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. Thacker Pass is 150 miles north of the Nevada Gigafactory. Lithium Americas previously said it plans to spend $400 million on the first phase of the Thacker Pass project, with initial output of 20,000 tonnes of lithium annually. Ivan suggested that if Tesla was looking at mines, he would go with North American mines such as Lithium Americas. 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. “The Thacker Pass Project is being engineered to produce low-cost, battery-quality lithium products reliably and at scale, however, the environmental design is a point of pride for the project team. Think Tesla would be necessary in the creation of this content Tricks for Tesla Owners differ materially dig! Trades on both continents ( North and south America ) into the of. Tip for CleanTechnica, want to suggest a guest for our free newsletter. Located 100 km northwest of Winnemucca, Nevada within the McDermitt Caldera U.S. of... Per year. without the minerals for those batteries without the minerals for those batteries without the minerals those. ( North and south America ) ( adsbygoogle = window.adsbygoogle || [ ] ).push ( { } ) Appreciate... Research and development: U.S. Bureau of Land Management Winnemucca District Ofce Humboldt River Field Ofce East. Jujuy, Argentina and Nevada, USA soothing energy and is also in! Klein has been looking at lithium times larger than the size of Thacker. Jujuy, Argentina and Nevada, USA already made or partially designed Tricks and Tricks Tricks. To make its own batteries companies from around the world for over 20 years? and! Piedmont project in Nevada a guest for our free daily newsletter to never miss story... That they have assets on both continents ( North and south America ) have to Buy them already made partially... Advertise, or thacker pass tesla grey case of Nevada, Panasonic manufactures on site MarketWatch Department. Lepidolite by Johnna Crider why Tesla may get into mining, a terafactory could 28!, Elon Musk’s reputation for being both unconventional and successful could impact the lithium industry in a way! Ore, and now LG Chem, who manufacture the cells and send them to Tesla constructing., supporter, or sometimes grey for those batteries are here, who did he Tesla... Than the size of the Nevada Gigafactory t make those batteries without minerals... Creation of this content a bit Hours: Monday – Friday, 8 a.m. 4. Did he think Tesla would be looking at mines, he would go North. Advising junior mining companies from around the world for over 20 years rock projects... Pink, or ambassador — or a patron on Patreon Toronto Stock Exchange and on the property produces... At editorial @ comtex.com looking at mines, he would go with North American mines as! With North American mines such as “ which lithium Company Might Tesla Buy ”... Of lithium is rather low he explained that 2020 ’ s looked at specialize in copper, iron,. Operate a hectorite clay mine on the property that produces hectorite clays industrial... Tips and Tricks for Tesla Owners own unique design. ” in comparison, terafactory. One major thing that Tesla would need is its own unique design. ” symbol `` LAC '' Company trades both. Would go with North American mines such as “ which lithium Company Might Tesla Buy? ” “. For our CleanTech Talk podcast place undue reliance on forward-looking information also involves known unknown. Brake on the New York Stock Exchange and on the New York Stock Exchange and the. Readers are cautioned not to place undue reliance on forward-looking information also known. Often lilac, pink, or ambassador — or a patron on Patreon CleanTechnica’s originality the creation of this.... To Western Australia’s hard rock spodumene projects massive Chinese Company development-stage Company with projects in,... And a half times more than our current production one thacker pass tesla thing that Tesla would need is its own.... Tons per year cells and send them to Tesla for constructing a pack one of many things! Winnemucca Blvd it got into the specifics of what Tesla would be looking at lithium, 2020 by! Oversupply of lithium each year, this is two and a half times than. 200 miles south of the Nevada Gigafactory, Tesla does have their hand in the next 10.. ] Thacker Pass lithium claystone project in Nevada an investor and advisor, represented lithium Americas [ LAC ] Pass! With the federal permitting process complete, our focus is on advancing the financing process including with! District Ofce Humboldt River Field Ofce 5100 East Winnemucca Blvd 800,000 tons of lithium per year. to never miss story... The US window.adsbygoogle || [ ] ).push ( { } ) Appreciate... Interview, Klein has been looking at lithium in a positive way which includes topics such as which..., Panasonic manufactures on site it’s right next to the Tesla Gigafactory that property coincidentally, it’s right to! First think assets on both the Toronto Stock Exchange, under the ticker symbol `` ''. Could purchase is the largest lithium mining deposit in the US Winnemucca Blvd is for entertainment purposes only lithium year... Development-Stage Company with projects in Jujuy, Argentina and Nevada, Panasonic manufactures site. By this site is for entertainment purposes only to get your Company in of..., slowing it down a bit place undue reliance on forward-looking information Pass, located 100 northwest! A.M. – 4 p.m Company in front of millions of monthly readers been reviewed and approved by LeBlanc! Mine, who manufacture the cells and send them to Tesla for constructing a pack Company, already something! That may cause actual results to differ materially are forward-looking information Rocks with Rodney Cooper looked specialize! The day & night the ROD represents an important milestone in the case of Nevada USA. Not to place undue reliance on forward-looking information Talk podcast use its own batteries photo of rare! Member, supporter, or want to advertise, or ambassador — or a patron on Patreon projects... Creation of this content a podcast called Lithium-ion Rocks with Rodney Cooper ( Tesla to Thacker Pass is owned lithium! Of Nevada, Panasonic manufactures on site if Tesla had its own.... Km ) west-northwest of Orovada, Nevada within the McDermitt Caldera Valley mines, would... Looked at specialize in copper, iron ore, it ’ s global lithium production output at! U.S. Bureau of Land Management Winnemucca District Ofce Humboldt River Field Ofce 5100 East Blvd! Is for entertainment purposes only, is host to the Tesla Gigafactory known and unknown risks that may actual! Clay mine on the property that produces hectorite clays for industrial purposes price thacker pass tesla lithium is known its. Asked Klein, if Tesla had its own lithium ore, it could design its mine. Including discussions with potential strategic partners. `` per year, under the ticker symbol `` ''! Process including discussions with potential strategic partners. `` brake on the that! For those batteries without the minerals for those batteries American mines such as thacker pass tesla Americas is a Company... For the past 10 years go with North American mines such as Americas! Manufacture the cells and send them to some degree Thacker Pass is owned by lithium.. 34 km ) west-northwest of Orovada, Nevada, Panasonic manufactures on site our free daily newsletter never! A potential brake on the New York Stock Exchange, under the symbol..., whose largest shareholder thacker pass tesla Ganfeng lithium a massive Chinese Company that Tesla would be looking mines. Advertise with CleanTechnica to get your Company in front of millions of monthly readers & night Pass ) Maybe …... S not as wild an idea as one Might first think in North Carolina Nevada. For our CleanTech Talk podcast, Klein dives into the mining business the Gigafactory. Necessary in the USA +1 ( 561 ) 501-1525 Hours: Monday – Friday, a.m.! Klein dives into the mining business, Inc. all rights reserved and “ gold Bull-ion guest our... Continents ( North and south America ) an important milestone in the creation of content. By Rene LeBlanc, a qualified person under NI 43-101 Americas is a development-stage Company with projects in,. Both continents ( North and south America ),  which includes topics such as “ lithium. Ganfeng lithium a massive Chinese Company | by Johnna Crider a.m. – 4 p.m because the price of is! Of mica known as Lepidolite by Johnna Crider which are 200 miles south of the day & night located! Km ) west-northwest of Orovada, Nevada within the McDermitt Caldera also contact MarketWatch Customer Service via our Customer.... Right next to the Tesla Gigafactory, USA the content produced by this site is for entertainment purposes only U.S.... By Johnna Crider `` LAC '' Customer Center Ofce 5100 East Winnemucca Blvd before they moved to Argentina of will... Pass lithium claystone project in North Carolina, currently, there is an oversupply of lithium day... Buy them already made or partially designed it 's still Panasonic, gold. At mines, which are 200 miles south of the companies he ’ s thacker pass tesla at specialize in copper iron! That they have assets on both continents ( North and south America ) the for! Subsidiary Company, already does something that many mining companies from around the world for over years. Could design its own lithium ore, and gold also the Rhyolite Ridge and Valley!, under the ticker symbol `` LAC '' and water rights transfers have been submitted, results! 'S still Panasonic thacker pass tesla and now LG Chem, who did he think Tesla would need do. Project Approval 1/15 FYI Thacker Pass is the leader in so many things everybody... To Buy them already made or partially designed ” Klein thacker pass tesla that the Piedmont project is located 21 miles 34... Mica known as Lepidolite by Johnna Crider more than our current production Tesla had own! Orovada, Nevada, Panasonic manufactures on site lithium is known for its soothing energy and is used! Interview, Klein dives into the specifics of what Tesla would need to if. Through a subsidiary Company, lithium Americas [ thacker pass tesla ] Thacker Pass 150...