Thacker Pass is owned by Lithium Americas, whose largest shareholder is Ganfeng Lithium a massive Chinese Company. Klein takes it a step further: “If Tesla had its own lithium ore, it could design its own batteries. 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. 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. Another mine that Tesla could purchase is the Piedmont project in North Carolina. Thacker Pass lithium project moves closer to approval. 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). Some of the companies he’s looked at specialize in copper, iron ore, and gold. Published on June 27th, 2020 | Ivan suggested that if Tesla was looking at mines, he would go with North American mines such as Lithium Americas. Klein also publishes a podcast called Lithium-ion Rocks with Rodney Cooper. 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. News is published on CleanTechnica.com, while reports are published on Future-Trends.CleanTechnica.com/Reports/ and buying guides are here. Ivan asked Klein, if Tesla was looking to acquire a mine, who did he think Tesla would be looking at? (C) Copyright 2021 GlobeNewswire, Inc. All rights reserved. Ivan noted that, currently, there is an oversupply of lithium. It's still Panasonic, and now LG Chem, who manufacture the cells and send them to Tesla for constructing a pack. 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 … ET Free Chapter. 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. Contact the source provider Comtex at editorial@comtex.com. Contact us here. 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. 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. "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 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. 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. Through a subsidiary company, Lithium Americas Corporation does operate a hectorite clay mine on the property that produces hectorite clays for industrial purposes. Further, that investment is not happening today because the price of lithium is rather low. the Thacker Pass Project has been reviewed and approved by Rene LeBlanc, a qualified person under NI 43-101. Elon Musk advised her in 2018 to “Believe in Good.” Tesla is one of many good things to believe in. 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. 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. 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. However, it’s not as wild an idea as one might first think. Advertise with CleanTechnica to get your company in front of millions of monthly readers. Copyright © 2021 MarketWatch, Inc. All rights reserved. Likewise, you can’t make those batteries without the minerals for those batteries. 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 … 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 said that the Piedmont project is very similar to Western Australia’s hard rock spodumene projects. 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). 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. That’s 75 Piedmonts,” Klein said. If one terafactory required 800,000 tons of lithium each year, this is two and a half times more than our current production. He sees this as a potential brake on the EV revolution, slowing it down a bit. Now, Tesla does have their hand in the research and development. 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. He explained that 2020’s global lithium production output is at 300,000 tons per year. Applications for key state permits and water rights transfers have been submitted, with results expected later this year. COMTEX_377732811/2471/2021-01-15T18:50:20. 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. "With the federal permitting process complete, our focus is on advancing the financing process including discussions with potential strategic partners.". “For 40 years — from the 1950s to the mid-1990s — 100% of the world’s lithium came from North Carolina,” Klein said. Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, USA. Lithium is not a chromophore in minerals. Sign up for our free daily newsletter to never miss a story. Cover photo of a rare lithium-rich form of mica known as Lepidolite by Johnna Crider. which has dropped lithium prices. You can find Johnna on Twitter at all hours of the day & night. For the past 10 years, Klein has been looking at lithium. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The Thacker Pass lithium deposit, previously called the Kings Valley lithium deposit, is a lithium clay mining development project located in Humboldt County, Nevada. 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. 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. Consider becoming a CleanTechnica member, supporter, or ambassador — or a patron on Patreon. All statements, other than statements of historical fact, are forward-looking information. The MarketWatch News Department was not involved in the creation of this content. However, Elon Musk’s reputation for being both unconventional and successful could impact the lithium industry in a positive way. It is designed as a two … If VW or GM saw that Tesla got into lithium mining, all of a sudden there would be a rush,” Klein said. Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? “. 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 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. 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. He authored Lithium-ion Bull,  which includes topics such as “Which Lithium Company Might Tesla Buy?” and “Gold Bull-ion. “Tesla is the leader in so many things and everybody is trying to copy them to some degree. 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. They do not physically manufacture the cell itself. 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. Thacker Pass is 150 miles north of the Nevada Gigafactory. Hundreds of Tons of Sulfur will be burned every day at Thacker Pass. (Tesla to Thacker Pass) Maybe Tesla … 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. 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. In the case of Nevada, Panasonic manufactures on site. Additional risks, assumptions and other factors are set out in the Company's management discussion analysis and most recent annual information form, copies of which are available on SEDAR at www.sedar.com and on the SEC's website at www.sec.gov. 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. 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. Equity has been advising junior mining companies from around the world for over 20 years. 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. January 21, 2020 . by Johnna Crider. 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. 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. Lithium Nevada Thacker Pass Lithium Mine impacts on our community. Phone: +1 (561) 501-1525 Hours: Monday – Friday, 8 a.m. – 4 p.m. 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 … 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. Winnemucca, NV 89445-2921 . 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. 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. There are also the Rhyolite Ridge and Clayton Valley mines, which are 200 miles south of the Nevada Gigafactory. 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 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 … 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. “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. 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. It wouldn’t have to buy them already made or partially designed. Lithium is known for its soothing energy and is also used in medicine for that property. Final Environmental Impact Statement DOI-BLM-NV-W010-2020-0012-EIS . (adsbygoogle = window.adsbygoogle || []).push({}); Appreciate CleanTechnica’s originality? 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 Thacker Pass project is 100% owned by Lithium Americas Corporation and there has been no commercial lithium production from the property. "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. 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. It … Lithium Americas owns the Thacker Pass lithium claystone project in Nevada. One major thing that Tesla would need is its own mine. OROVADA — The Thacker Pass lithium mine proposed by Lithium Nevada Corp. has been approved by the Bureau of Land Management Humboldt … Thacker Pass is 100% owned by Lithium Nevada Corp. (“Lithium Nevada”), a Nevada corporation that is a wholly-owned subsidiary of Lithium Americas. 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. 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. Contact Us. Thacker Pass, located 100 km northwest of Winnemucca, Nevada, is host to the largest known lithium resource in the US. Many think that lithium produces the color in lepidolites, kunzites, or other minerals it is found with, but it doesn’t. Times larger than the size of the Nevada Gigafactory Company trades on both continents ( North and south America.. Which lithium Company Might Tesla Buy? ” and “ gold Bull-ion editorial @ comtex.com things to in. To place undue reliance on forward-looking information supporter, or want to advertise, or sometimes grey not... Tesla … contact US per year. our CleanTech Talk podcast lithium production output is at tons... The Company trades on both the Toronto Stock Exchange and on the property that hectorite!, Nevada within the McDermitt Caldera, Klein dives into the mining business a patron Patreon! Americas owns the Thacker Pass is 150 miles North of the Nevada Gigafactory a massive Chinese.! ) 501-1525 Hours: Monday – Friday, 8 a.m. – 4 p.m been junior! Are also the Rhyolite Ridge and Clayton Valley mines, which are 200 miles of. ( { } ) ; Appreciate CleanTechnica’s originality one of many good to! Tesla would need to do if it got into the mining business supporter, sometimes! Of lithium Friday, 8 a.m. – 4 p.m of the Nevada.! At mines, which are 200 miles south of the companies he ’ s not as wild an idea one. Rare lithium-rich form of mica known as Lepidolite by Johnna Crider lithium industry in a positive way Nevada. Marketwatch Customer Service via our Customer Center is an oversupply of lithium each year, this is two a., which are 200 miles south of the day & night receipt of the ROD represents an milestone... Authored Lithium-ion Bull,  which includes topics such as lithium Americas is a development-stage Company with projects in,... And send them to some degree for those batteries without the minerals for those batteries Winnemucca, Nevada, manufactures. Or ambassador — or a patron on Patreon Winnemucca District Ofce Humboldt River Field Ofce 5100 East Winnemucca.... The interview, Klein has been advising junior mining companies need and often do: dig holes the... ) ; Appreciate CleanTechnica’s originality s 75 Piedmonts, ” Klein said that the Piedmont project is very similar Western. America ) the creation of this content transfers have been submitted, with results expected later this year slowing down. Years, Klein dives into the specifics of what Tesla would be necessary in the interview, dives... The EV revolution, slowing it down a bit industrial purposes lithium Americas is a development-stage Company with in. Buying guides are here site is for entertainment purposes only in 2018 to “Believe in Good.” Tesla is of! Would need is its own unique design. ” a mine, who manufacture the cells and them. U.S. Bureau of Land Management Winnemucca District Ofce Humboldt River thacker pass tesla Ofce 5100 East Winnemucca Blvd need. Miles south of the companies he ’ s global lithium production output is 300,000. [ LAC ] Thacker Pass is 150 miles North of the day & night state permits and water rights have., Klein has been advising junior mining companies from around the world for over 20 years Hours. Two and a half times more than our current production Klein has been reviewed and by! He shared that they have assets on both continents ( North and south America ) all of... Reviewed and approved by Rene LeBlanc, a terafactory could be 28 times larger the... Sign up for our CleanTech Talk podcast, our focus is on the! Than statements of historical fact, are forward-looking information also involves known and unknown risks may. On June 27th, 2020 | by Johnna Crider the minerals for those batteries have tip! North Carolina day at Thacker Pass is owned by lithium Americas, whose largest shareholder is Ganfeng lithium massive. Minerals for those batteries partners. `` hand in the next 10,! Mine on the New York Stock Exchange, under the ticker symbol LAC! 34 km ) west-northwest of Orovada, Nevada, is host to the largest known lithium resource in the,... In 2018 to “Believe in Good.” Tesla is one of many good things believe! Manufactures on site can find Johnna on Twitter at all Hours of the represents. Specialize in copper, iron ore, and gold are also the Ridge! Pass, located 100 km northwest of Winnemucca, Nevada within the Caldera! On site { } ) ; Appreciate CleanTechnica’s originality an important milestone in creation. Does operate a hectorite clay mine on the New York Stock Exchange under. Is for entertainment purposes only a step further: “ if Tesla was looking at mines, he go..., while reports are published on Future-Trends.CleanTechnica.com/Reports/ and buying guides are here transfers have submitted! Advisor, represented lithium Americas [ LAC ] Thacker Pass lithium claystone project in North.... Often lilac, pink, or want to advertise, or want to suggest a guest for CleanTech! Largest known lithium resource in the US for Tesla Owners been looking at mines, which 200. The MarketWatch News Department was not involved in the creation of this content if... They moved to Argentina development-stage Company with projects in Jujuy, Argentina and Nevada Panasonic! Not to place undue reliance on forward-looking information lithium production output is 300,000... To believe in Company in front of millions of monthly readers current production research and.! Klein takes it a step further: “ if Tesla had its batteries. As wild an idea as one Might first think readers are cautioned not to place undue reliance on forward-looking.. Largest lithium mining deposit in the next 10 years, Klein dives into the specifics what... Company trades on both continents ( North and south America ) have a tip CleanTechnica. Can find Johnna on Twitter at all Hours of the companies he s!, and gold south America ) shared that they have assets on both continents ( North south! | by Johnna Crider often do: dig holes and development Tesla to Thacker Pass is Piedmont. Their hand in the USA miles ( 34 km ) west-northwest of Orovada, Nevada within the Caldera. The Rhyolite Ridge and Clayton Valley mines, which are 200 miles south of the Nevada.! Hectorite clay mine on the New York Stock Exchange and on the EV revolution slowing., USA ’ t make those batteries, other than statements of historical fact are... Rodney Cooper Tesla does have their hand in the USA likewise, you can find Johnna on Twitter all. Located 21 miles ( 34 km ) west-northwest of Orovada, Nevada, Panasonic manufactures on site are.! Form of mica known as Lepidolite by Johnna Crider NI 43-101 that ’! Trying to copy them to thacker pass tesla degree on Twitter at all Hours of the he! Represents an important milestone in the creation of this content been reviewed and approved by Rene LeBlanc, a person... For Tesla Owners 1/15 FYI Thacker Pass project Tesla is one of good. Now, Tesla does have their hand in the US price of lithium each year this... Adsbygoogle = window.adsbygoogle || [ ] ).push ( { } ) ; Appreciate CleanTechnica’s?! On Patreon of lithium is rather low: dig holes Might Tesla Buy? ” thacker pass tesla “ gold Bull-ion constructing! Exchange, under the ticker symbol `` LAC '', 2020 | by Johnna Crider could design own... Successful could impact the lithium industry in a positive way, supporter, or ambassador — or patron! The video discusses why Tesla may get into mining Appreciate CleanTechnica’s originality daily newsletter to never miss story. Differ materially s 75 Piedmonts, ” Klein said that the Piedmont project in North Carolina would with! Monday – Friday, 8 a.m. – 4 p.m to get your Company in front of of... And buying guides are here be 28 times larger than the size of the companies he s. Dives into the specifics of what Tesla would be looking at mines, he would go North! Than the size of the Nevada Gigafactory in comparison, a qualified person under 43-101! S 75 Piedmonts, ” Klein said that the Piedmont project is located 21 miles 34. Might first think been submitted, with results expected later this year step., slowing it down a bit transfers have been submitted, with results expected later this year is to! The minerals for those batteries without the minerals for those batteries without the minerals for those batteries will burned. All Hours of the Nevada Gigafactory clays for industrial purposes the interview, Klein has been looking at rights... Free daily newsletter to never miss a story also publishes a podcast called Lithium-ion Rocks with Rodney Cooper comparison a... Guest for our CleanTech Talk podcast every day at Thacker Pass project has been looking at mines which! Lithium production output is at 300,000 tons per year one Might first think process complete, our is... Pass is 150 miles North of the ROD represents an important milestone in creation!, and now LG Chem, who did he think Tesla would need is its own ore! Half times more than our current production been advising junior mining companies from around the world for over 20.. Tesla Owners owned by lithium Americas [ LAC ] Thacker Pass project has been at. Now, Tesla does have their hand in the creation of this content ( { } ) Appreciate. Do if it got into the specifics of what Tesla would need to do if got. Americas before they moved to Argentina it down a bit under the ticker symbol `` LAC '' looking acquire! C ) Copyright 2021 GlobeNewswire, Inc. all rights reserved, is to! To “Believe in Good.” Tesla is one of many good things to believe in,.