(adsbygoogle = window.adsbygoogle || []).push({}); Appreciate CleanTechnica’s originality? 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. He sees this as a potential brake on the EV revolution, slowing it down a bit. “That’s 1.7 million new tons. 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. Through a subsidiary company, Lithium Americas Corporation does operate a hectorite clay mine on the property that produces hectorite clays for industrial purposes. 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. You can also contact MarketWatch Customer Service via our Customer Center. 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 … 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). 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. Prepared by: U.S. Bureau of Land Management Winnemucca District Ofce Humboldt River Field Ofce 5100 East Winnemucca Blvd. 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 … Thacker Pass lithium project moves closer to approval. “Tesla is the leader in so many things and everybody is trying to copy them to some degree. Thacker Pass Lithium Mine Project . Lithium is not a chromophore in minerals. ebook.. Klein, as an investor and advisor, represented Lithium Americas before they moved to Argentina. 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’s often lilac, pink, or sometimes grey. Ivan suggested that if Tesla was looking at mines, he would go with North American mines such as Lithium Americas. Final Environmental Impact Statement DOI-BLM-NV-W010-2020-0012-EIS . "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. 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. Sign up for our free daily newsletter to never miss a story. 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. 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. If VW or GM saw that Tesla got into lithium mining, all of a sudden there would be a rush,” Klein said. 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. Coincidentally, it’s right next to the Tesla Gigafactory. Lithium is known for its soothing energy and is also used in medicine for that property. Published on June 27th, 2020 | Contact Us. Phone: +1 (561) 501-1525 Hours: Monday – Friday, 8 a.m. – 4 p.m. “. 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. In Thacker Pass, the mineral-rich pay ... We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are … 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. 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.) 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. Likewise, you can’t make those batteries without the minerals for those batteries. Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, USA. 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. 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. 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 … If one terafactory required 800,000 tons of lithium each year, this is two and a half times more than our current production. 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. 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