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. The project is located 21 miles (34 km) west-northwest of Orovada, Nevada within the McDermitt Caldera. Thacker Pass, located 100 kilometers (km) northwest of Winnemucca, in Humboldt County, Nevada, is 100% owned by Lithium Nevada Corp. (Photo: Lithium Americas) The United States Bureau of Land Management (BLM) has issued the Record of Decision (ROD) for Lithium Americas Corp.’s Thacker Pass lithium following completion of the National Environmental Policy Act (NEPA) process. Final Environmental Impact Statement DOI-BLM-NV-W010-2020-0012-EIS . OROVADA — The Thacker Pass lithium mine proposed by Lithium Nevada Corp. has been approved by the Bureau of Land Management Humboldt … His other company, The Boring Company, already does something that many mining companies need and often do: dig holes. Thacker Pass lithium project is a world-class lithium project being developed in Humboldt County, Nevada, US. 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. December 4, 2020 . Klein, as an investor and advisor, represented Lithium Americas before they moved to Argentina. Klein takes it a step further: “If Tesla had its own lithium ore, it could design its own batteries. If Tesla was to buy the Thacker Pass project, Tesla would even do well, though, if it was able to produce at the mine for $10,000 a ton, since the company is paying out of pocket $12,000 a … 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. The content produced by this site is for entertainment purposes only. In a video by “EV Stock Channel” on YouTube, Ivan interviewed RK Equity’s Howard Klein on the topics of Tesla, terafactories, and lithium, along with the race to secure the supply chain. Further, that investment is not happening today because the price of lithium is rather low. The Thacker Pass project is 100% owned by Lithium Americas, which is also advancing the Cauchari-Olaroz lithium project in northern Argentina in partnership with China’s Gangfeng Lithium. For further information contact:Lithium Americas Corp.Investor RelationsSuite 300 - 900 West Hastings StreetVancouver, BC, V6C 1E5Telephone: 778-656-5820Email: ir@lithiumamericas.comWebsite: www.lithiumamericas.com. After all, the core reason why an auto OEM would want to purchase the mine would be to reduce the cost of supplies needed to make the batteries. Published on June 27th, 2020 | 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. 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 … VANCOUVER, British Columbia, Jan 15, 2021 (GLOBE NEWSWIRE via COMTEX) -- There are also the Rhyolite Ridge and Clayton Valley mines, which are 200 miles south of the Nevada Gigafactory. Klein pointed out that there isn’t sufficient investment currently being made into the lithium mines needed to meet these aggressive EV market projections. Advertise with CleanTechnica to get your company in front of millions of monthly readers. Thacker Pass is 150 miles north of the Nevada Gigafactory. Lithium Americas Corp. (TSX: LAC, NYSE: LAC) is advancing the Cauchari-Olaroz lithium brine project in Jujuy, Argentina and Thacker Pass lithium claystone project in Nevada, USA to production. You can find Johnna on Twitter at all hours of the day & night. In Thacker Pass, the mineral-rich pay ... We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are … For the past 10 years, Klein has been looking at lithium. Receipt of the ROD represents an important milestone in the development and the permitting of the Thacker Pass Project. Through a subsidiary company, Lithium Americas Corporation does operate a hectorite clay mine on the property that produces hectorite clays for industrial purposes. Thacker Pass, located north of Winnemucca, Nevada, USA, is 100% owned by Lithium Nevada Corp. ("Lithium Nevada"), a US corporation and wholly-owned subsidiary of Lithium Americas. “Tesla is the leader in so many things and everybody is trying to copy them to some degree. 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. Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, USA. Tesla’s Potential Impact On The Lithium Market, Klein’s Prediction For Tesla Battery Day, makes sense for Tesla to get into the mining business, Lithium is known for its soothing energy and is also used in medicine for that property, CleanTechnica member, supporter, or ambassador, Straight-Line Acceleration Is Not Enough For BMW, Volkswagen’s Plan To “Kill Off Tesla” Ain’t Happening — But We Need Volkswagen EVs To Succeed, Wedbush Believes Tesla Could Exceed 1 Million Deliveries In 2022, Unlimited E-Bike Conversion Kit Lets You Electrify Your Favorite Bike, Electric Car Conversion: Classic Volvo 240 GL, Volkswagen's Plan To "Kill Off Tesla" Ain't Happening — But We Need Volkswagen EVs To Succeed, Tesla Reduces Model 3 Prices In Europe, VW Misses EU Emissions Target. The Cauchari-Olaroz project will have an average expected production of 40,000 tonnes per year of lithium carbonate equivalent and production is slated to start in 2022. The Thacker Pass lithium deposit, previously called the Kings Valley lithium deposit, is a lithium clay mining development project located in Humboldt County, Nevada. Copyright © 2021 MarketWatch, Inc. All rights reserved. Examples of forward-looking information in this news release include, among other things, statements related to: development of the Thacker Pass project, including timing and permitting expectations. Lithium Nevada Thacker Pass Lithium Mine impacts on our community. Tags: lithium, lithium markets, lithium price, minerals, mining, Nevada, Tesla, Tesla Battery Day, Tesla factories, Tesla Gigafactories, Tesla Gigafactory 1, Tesla mining, Tesla terafactories. VANCOUVER, British Columbia, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") is pleased to announce that the United States Bureau of Land Management ("BLM") has issued the Record of Decision ("ROD") for the Thacker Pass lithium project ("Thacker Pass" or the "Project") following completion of the National Environmental Policy Act ("NEPA") process. Klein also publishes a podcast called Lithium-ion Rocks with Rodney Cooper. 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. ebook.. Lithium is not a chromophore in minerals. 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. 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. 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. COMTEX_377732811/2471/2021-01-15T18:50:20. 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. "With the federal permitting process complete, our focus is on advancing the financing process including discussions with potential strategic partners.". It … If Tesla was to buy the Thacker Pass project, Tesla would even do well, though, if it was able to produce at the mine for $10,000 a ton, since the company is paying out of pocket $12,000 a ton for lithium. It wouldn’t have to buy them already made or partially designed. The video discusses why Tesla may get into mining. Forward-looking information also involves known and unknown risks that may cause actual results to differ materially. Ivan noted that he hasn’t even thought of this before. “If Tesla had their own ore that they could develop their own chemistries to that specific ore and not have to buy off-the-shelf lithium, what benefits could these have?” Ivan asked. Likewise, you can’t make those batteries without the minerals for those batteries. the Thacker Pass Project has been reviewed and approved by Rene LeBlanc, a qualified person under NI 43-101. Lithium Americas (NYSE:LAC) +13.8% post-market after the U.S. Bureau of Land Management has issued the final approval for its Thacker Pass project in … 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. Elon Musk advised her in 2018 to “Believe in Good.” Tesla is one of many good things to believe in. Fish and Wildlife Service Pacifc Southwest Region He noted that he’s met some of the Tesla employees who are responsible for sourcing minerals and that they understand the idea that Tesla would do well if it had its own mine. ET Free Chapter. It’s often lilac, pink, or sometimes grey. January 21, 2020 . "Thacker Pass has the potential to provide future sources of high-quality lithium chemicals critical for establishing a strong domestic lithium supply chain required to ... Tesla and Uber. Lithium Gold-ilocks. "The issuance of the ROD is the culmination of over 10 years of hard work from the Thacker Pass team, as well as the BLM and other federal, state and local agencies, all of whom worked tirelessly to ensure their respective commitments to environmental stewardship and community engagement," commented Jon Evans, President and CEO. Lithium is known for its soothing energy and is also used in medicine for that property. (C) Copyright 2021 GlobeNewswire, Inc. All rights reserved. Ivan noted that, currently, there is an oversupply of lithium. Thacker Pass, located 100 km northwest of Winnemucca, Nevada, is host to the largest known lithium resource in the US. (adsbygoogle = window.adsbygoogle || []).push({}); Appreciate CleanTechnica’s originality? However, Elon Musk’s reputation for being both unconventional and successful could impact the lithium industry in a positive way. Lithium Americas [LAC] Thacker Pass Project Approval 1/15 FYI Thacker Pass is the largest lithium mining deposit in the US. 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. They do not physically manufacture the cell itself. Ivan asked Klein, if Tesla was looking to acquire a mine, who did he think Tesla would be looking at? However, there is one thing that perhaps isn’t being discussed enough: What if there isn’t enough lithium to produce all of these EVs? Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Johnna Crider is a Baton Rouge artist, gem and mineral collector, member of the International Gem Society, and a Tesla shareholder who believes in Elon Musk and Tesla. Follow Us Follow us Twitter Facebook YouTube Pinterest Instagram LinkedIn Secured Site (Tesla to Thacker Pass) Maybe Tesla … In the interview, Klein dives into the specifics of what Tesla would need to do if it got into the mining business. Another mine that Tesla could purchase is the Piedmont project in North Carolina. One major thing that Tesla would need is its own mine. He authored Lithium-ion Bull,  which includes topics such as “Which Lithium Company Might Tesla Buy?” and “Gold Bull-ion. Forward-looking information is based upon a number of factors and assumptions that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such information. Another reason why it makes sense for Tesla to get into the mining business is to scale down the cost of supplies, and to ensure supply if the market gets very hot. And is also used in medicine for that property copy them to Tesla constructing... Important milestone in the case of Nevada, USA ROD represents an important milestone in the creation this! ] ).push ( { } ) ; Appreciate CleanTechnica’s originality also involves known unknown. In Nevada this site is for entertainment purposes only cells and send them to some degree cover of... 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