lithium America’s stock increase

by better late than never | August 17, 2020 7:09 pm

Hi Travis

I have been doing some research into Lithium America’s this week as I am interested in them.
The last 3 days they have seen stock increases as the project in Argentina[1] has re-started and the project in Nevada at Thacker pass is awaiting its permit.
My research has highlighted that LIthium America’s Argentina project is 50 % Lithium America’s and 51 % Ganfeng. Interestingly in 2018 Tesla agreed a 3 year pact with Ganfeng to supply Lithium to Tesla and the pact could be prolonged for up to 3 years.

I Then linked up Elon Musc, Tesla, Genfang, LIthium America’s, Thacker pass Nevada, which is to be producing 44,000 tonnes of lithium[2] per year, the most in America By 2022. Just around when the extension from Ganfeng would expire (if there has been an extension).

I then listened to Lithium America’s 2019 presentation in which the CEO said there were looking for a partner once the permit had been granted.

Now that Elon Musc jokingly mentioned buying a mine! It could be that this is what he plans as Tesla require around 28,000 tonnes of lithium at least next year.

I would love to know your thoughts Travis and anyone else’s.

I’m new to all of this but am enjoying doing the research.

Any comments appreciated.

Source URL: https://www.stockgumshoe.com/2020/08/microblog-lithium-americas-stock-increase/

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