thacker pass tesla

Advertise with CleanTechnica to get your company in front of millions of monthly readers. Tags: lithium, lithium markets, lithium price, minerals, mining, Nevada, Tesla, Tesla Battery Day, Tesla factories, Tesla Gigafactories, Tesla Gigafactory 1, Tesla mining, Tesla terafactories. There are also the Rhyolite Ridge and Clayton Valley mines, which are 200 miles south of the Nevada Gigafactory. 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 … That’s 75 Piedmonts,” Klein said. He explained that 2020’s global lithium production output is at 300,000 tons per year. Likewise, you can’t make those batteries without the minerals for those batteries. 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. Some of the companies he’s looked at specialize in copper, iron ore, and gold. It is designed as a two … Click here to receive a free chapter from our 60 Tips and Tricks and Tricks for Tesla Owners. In comparison, a terafactory could be 28 times larger than the size of the Nevada Gigafactory. Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? 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. Thacker Pass is 100% owned by Lithium Nevada Corp. (“Lithium Nevada”), a Nevada corporation that is a wholly-owned subsidiary of Lithium Americas. Thacker Pass lithium project is a world-class lithium project being developed in Humboldt County, Nevada, US. 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? “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. One major thing that Tesla would need is its own mine. 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. For the past 10 years, Klein has been looking at lithium. 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. It’s often lilac, pink, or sometimes grey. These risks include, among others, inherent risks in the development of capital intensive mineral projects (including as co-owners), variations in mineral resources and mineral reserves, global demand for lithium, recovery rates and lithium pricing, risks associated with successfully securing adequate financing, changes in project parameters and funding thereof, risks related to growth of lithium markets and pricing for products thereof, changes in legislation, governmental or community policy, political risks associated with foreign operations, permitting risks, including receipt of new permits and maintenance of existing permits, title and access risks, cost overruns, unpredictable weather and maintenance of natural resources, unanticipated delays, intellectual property risks, currency and interest rate fluctuations, operational risks, health and safety risks, and general market and industry conditions. 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. Equity has been advising junior mining companies from around the world for over 20 years. “. 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. Klein, as an investor and advisor, represented Lithium Americas before they moved to Argentina. Cover photo of a rare lithium-rich form of mica known as Lepidolite by Johnna Crider. “For 40 years — from the 1950s to the mid-1990s — 100% of the world’s lithium came from North Carolina,” Klein said. ebook.. 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. The content produced by this site is for entertainment purposes only. 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. Klein takes it a step further: “If Tesla had its own lithium ore, it could design its own batteries. Lithium Americas owns the Thacker Pass lithium claystone project in Nevada. Final Environmental Impact Statement DOI-BLM-NV-W010-2020-0012-EIS . 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. Copyright © 2021 MarketWatch, Inc. All rights reserved. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. 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 … At the Tesla shareholder meeting in 2019, Elon Musk kind of laughed when he brought up the subject Tesla getting into the mining business. 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. Phone: +1 (561) 501-1525 Hours: Monday – Friday, 8 a.m. – 4 p.m. Lithium Nevada Thacker Pass Lithium Mine impacts on our community. ET Free Chapter. "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. Klein shared his thoughts about the EV market and noted that we have investment companies such as Cathie Wood’s Ark Invest that are making big projections about the market’s growth. This news release contains "forward-looking information" and "forward-looking statements" (which we refer to collectively as forward-looking information) under the provisions of applicable securities legislation. OROVADA — The Thacker Pass lithium mine proposed by Lithium Nevada Corp. has been approved by the Bureau of Land Management Humboldt … 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. 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. 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 MarketWatch News Department was not involved in the creation of this content. Fauci says Johnson & Johnson COVID-19 vaccine may get approval in two weeks, What it’s really like to retire on a Caribbean island — on $3,000 a month, Stock-market bulls brace for major gut check as earnings, Fed and GDP loom, 3 things you can do in 2021 to set your kid up to become a millionaire, IRS ‘stands ready’ to send out third round of stimulus checks and process tax returns. Effective as of August 1 2018, the Company updated the Measured and Indicated mineral resource at Thacker Pass to 6.0 million tonnes of lithium carbonate equivalent (“LCE”) at … Lithium is not a chromophore in minerals. These assumptions include, among others: expected budgets, capital expenditures and programs for the Company's projects; estimates of the mineral resources and reserves at its properties; development of mineral resources and reserves; government regulation of mining operations and treatment under governmental and taxation regimes; the timing and amount of future production; currency exchange and interest rates; the Company's ability to raise capital; exploration of financing options and a potential joint venture partner for Thacker Pass; the timing, cost, quantity, capacity and product quality of production at the Thacker Pass project; results of the Company's engineering, design permitting program at the Thacker Pass project, including that the Company meets deadlines set forth herein and receives permits as anticipated; successful results from the Company's testing facility and third-party tests related thereto; capital costs, operating costs, sustaining capital requirements, timing, results and completion of the Thacker Pass feasibility study; funding of project permitting and feasibility study costs for the Thacker Pass project; ability to achieve capital cost efficiencies; the effect of current or any additional regulations on the Company's operations; forecasted demand for lithium products, including pricing thereof; the Company's ability to fund, advance and develop the Cauchari-Olaroz project and the Thacker Pass project into production, including results therefrom and timing thereof; the impacts of COVID-19 globally and in the jurisdictions in which we operate, and on the availability and movement of personnel, supplies and equipment; timing of regulatory approvals and permits, and on third parties we are in a contractual relationship with regarding the preparation of the feasibility study and with respect to construction activities at the Cauchari-Olaroz project; accuracy of mineral resources, including whether such mineral resources can ever be converted into reserves; reliability of technical data, accuracy of current budget and construction estimates; that pending patents will be approved; ability to achieve commercial production; the share price and demand for our common stock; general economic conditions; maintenance of a positive business relationship with co-owners; timely responses from governmental agencies responsible for reviewing and considering the Company's permitting activities; the Company's position in a competitive environment; and a stable and supportive legislative, regulatory and community environment. The Company trades on both the Toronto Stock Exchange and on the New York Stock Exchange, under the ticker symbol "LAC". Coincidentally, it’s right next to the Tesla Gigafactory. Ivan suggested that if Tesla was looking at mines, he would go with North American mines such as Lithium Americas. However, Elon Musk’s reputation for being both unconventional and successful could impact the lithium industry in a positive way. It's still Panasonic, and now LG Chem, who manufacture the cells and send them to Tesla for constructing a pack. Prepared by: U.S. Bureau of Land Management Winnemucca District Ofce Humboldt River Field Ofce 5100 East Winnemucca Blvd. 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. The project would include 5,700 acres of public lands within the project area located approximately 17 miles northwest of Orovada and 53 miles north-northwest of Winnemucca in … In the case of Nevada, Panasonic manufactures on site. You can find Johnna on Twitter at all hours of the day & night. 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. Many think that lithium produces the color in lepidolites, kunzites, or other minerals it is found with, but it doesn’t. If one terafactory required 800,000 tons of lithium each year, this is two and a half times more than our current production. which has dropped lithium prices. Now, Tesla does have their hand in the research and development. Is there a problem with this press release? January 21, 2020 . 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. Fish and Wildlife Service Pacifc Southwest Region Thacker Pass Lithium Mine Project . 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. Receipt of the ROD represents an important milestone in the development and the permitting of the Thacker Pass Project. The Thacker Pass project is 100% owned by Lithium Americas Corporation and there has been no commercial lithium production from the property. Published on June 27th, 2020 | The MarketWatch News Department was not involved in the creation of this content. “That’s 1.7 million new tons. Contact Us. Elon Musk advised her in 2018 to “Believe in Good.” Tesla is one of many good things to believe in. Further, that investment is not happening today because the price of lithium is rather low. (C) Copyright 2021 GlobeNewswire, Inc. All rights reserved. Applications for key state permits and water rights transfers have been submitted, with results expected later this year. So in essence, we have Lithium Americas with a successful mine being built in South America and a potential mine in Nevada (about 3 hours north of Tesla.) Contact the source provider Comtex at editorial@comtex.com. The Thacker Pass lithium deposit, previously called the Kings Valley lithium deposit, is a lithium clay mining development project located in Humboldt County, Nevada. (adsbygoogle = window.adsbygoogle || []).push({}); Appreciate CleanTechnica’s originality? 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. 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. The company’s Thacker Pass is the largest known lithium resource in the USA. Tesla could use its own ore to make its own unique design.”. These types of mines are hard to progress. Follow Us Follow us Twitter Facebook YouTube Pinterest Instagram LinkedIn Secured Site Just one terafactory would require 800,000 tons of lithium per year.Â. "With the federal permitting process complete, our focus is on advancing the financing process including discussions with potential strategic partners.". 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). Today, the Humboldt River Field Office of the US Bureau of Land Management issued a Record of Decision (RoD) approving the Thacker Pass Lithium Mine proposed by Lithium Nevada Corporation. Forward-looking information also involves known and unknown risks that may cause actual results to differ materially. The Thacker Pass Project area is located on public land adjacent to Nevada Highway 293, in Humboldt County, Nevada, approximately 17 miles northwest of Orovada and approximately 53 miles north-northwest of Winnemucca. 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. Lithium is known for its soothing energy and is also used in medicine for that property. 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. It … Keep in mind Tesla is still supplied cells. December 4, 2020 . If VW or GM saw that Tesla got into lithium mining, all of a sudden there would be a rush,” Klein said. Consider becoming a CleanTechnica member, supporter, or ambassador — or a patron on Patreon. Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, USA. VANCOUVER, British Columbia, Jan 15, 2021 (GLOBE NEWSWIRE via COMTEX) -- the Thacker Pass Project has been reviewed and approved by Rene LeBlanc, a qualified person under NI 43-101. It wouldn’t have to buy them already made or partially designed. Thacker Pass lithium project moves closer to approval. In Thacker Pass, the mineral-rich pay ... We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are … 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. Thacker Pass is owned by Lithium Americas, whose largest shareholder is Ganfeng Lithium a massive Chinese Company. 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. 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. 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. 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. Although the Company has attempted to identify important risks and assumptions, given the inherent uncertainties in such forward-looking information, there may be other factors that cause results to differ materially. COMTEX_377732811/2471/2021-01-15T18:50:20. Hundreds of Tons of Sulfur will be burned every day at Thacker Pass. 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. "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. Thacker Pass, located 100 km northwest of Winnemucca, Nevada, is host to the largest known lithium resource in the US. The video discusses why Tesla may get into mining. However, it’s not as wild an idea as one might first think. Klein also publishes a podcast called Lithium-ion Rocks with Rodney Cooper. Klein said that the Piedmont project is very similar to Western Australia’s hard rock spodumene projects. 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. You can also contact MarketWatch Customer Service via our Customer Center. He sees this as a potential brake on the EV revolution, slowing it down a bit. All statements, other than statements of historical fact, are forward-looking information. Lithium Americas Corp. moved a step closer to having its Thacker Pass development come to fruition after the U.S. Department of the Interior’s Bureau of Land Management (BLM) filed paperwork to ask for public comment over the next year on the Thacker Pass project’s environmental impact statement (EIS). 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. He shared that they have assets on both continents (North and South America). Contact us here. He authored Lithium-ion Bull,  which includes topics such as “Which Lithium Company Might Tesla Buy?” and “Gold Bull-ion. News is published on CleanTechnica.com, while reports are published on Future-Trends.CleanTechnica.com/Reports/ and buying guides are here. The project is located 21 miles (34 km) west-northwest of Orovada, Nevada within the McDermitt Caldera. 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 … His other company, The Boring Company, already does something that many mining companies need and often do: dig holes. Another mine that Tesla could purchase is the Piedmont project in North Carolina. Lithium Gold-ilocks. Lithium Americas has reported the results of a preliminary feasibility study (PFS) of its large-scale Thacker Pass lithium carbonate (Li2CO3) project in northwest Nevada and based on the results has outlined a timetable for two phases of development. Through a subsidiary company, Lithium Americas Corporation does operate a hectorite clay mine on the property that produces hectorite clays for industrial purposes. They do not physically manufacture the cell itself. (Tesla to Thacker Pass) Maybe Tesla … by Johnna Crider. Winnemucca, NV 89445-2921 . 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. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries. This would be necessary in the next 10 years. Sign up for our free daily newsletter to never miss a story. Thacker Pass is 150 miles north of the Nevada Gigafactory. 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. 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 … Ivan noted that, currently, there is an oversupply of lithium. Klein pointed out that there isn’t sufficient investment currently being made into the lithium mines needed to meet these aggressive EV market projections. “Tesla is the leader in so many things and everybody is trying to copy them to some degree. 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. 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. 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. Future-Trends.Cleantechnica.Com/Reports/ and buying guides are here been looking at mines, which are 200 miles south of Nevada... Daily newsletter to never miss a story,  which includes topics as. 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