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Pilbara Acquires Pilgangoora Tantalum-Lithium Project

Pilbara Minerals Ltd. (ASX:PLS) announced that it has signed a non-binding Heads of Agreement to buy five tenements at Pilgangoora that together make up the Pilgangoora tantalum-lithium project.

Bacanora Signs Definitive Agreement with Rare Earth Minerals

Bacanora Minerals Ltd. (TSXV:BCN) announced that it has signed a definitive joint venture agreement with Rare Earth Minerals plc (LSE:REM) regarding the San Gabriel, Buenavista and Megalit concessions. It will supercede a previous memorandum of understanding between the companies.

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Market News

Panasonic Skeptical on Tesla’s Gigafactory

Green Car Reports reported that Tesla Motors CEO Elon Musk is faced with new doubts over his plans for a gigafactory, however this time, the skepticism comes from Tesla's lithium-ion cell supplier, Panasonic.

Tesla to Source All Raw Materials from North America

Bloomberg reported that according to Liz Jarvis-Shean, a spokesperson for Tesla Motors Inc. (NASDAQ:TSLA), the company plans to only use raw materials sourced from North American for its proposed $5-billion lithium-ion battery gigafactory.

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