Nevada Lithium Juniors Jump on News of Tesla Gigafactory

The share prices of Nevada lithium juniors Western Lithium, Lithium Corporation and Pure Energy Minerals spiked today on news that Tesla Motors will build its lithium-ion battery gigafactory in the state.

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International Lithium Begins Reconnaissance Program at Avalonia Project

International Lithium Corp. (TSXV:ILC.V) has commenced the first stage of an exploration program on its Avalonia Lithium project in southeastern Ireland. The project was recently renamed, and was previously known as the Blackstairs Litihum Project.

California Company Looking at Geothermal Plants as a Lithium Source

California's Simbol Materials is taking a novel approach to mining lithium: the company extracts lithium brine from the wastewater of geothermal energy plants. The company has mined a few hundred tons of lithium, but has not yet developed commercial scale facilities, according to Hydrogen Fuel News.

Glen Eagles Announces Drill Program on Authier Project

Glen Eagles Resources (TSXV:GER) announced it would be starting a drill program on its Authier lithium priject, near Val d'Or, Quebec. The program is aiming to drill a minimum of 2,000 metres based on recommendations made in the preliminary economic assessment.

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INN Video: Peter Secker of Canada Lithium

Canada Lithium (TSX:CLQ) President and CEO, Peter Secker, spoke with the Investing News Network at PDAC in Toronto on the Quebec Lithium Project.

Market News

WIll Tesla’s Gigafactory Boost Lithium ETFs?

Since the selection of Nevada as the home for Tesla Motors Inc.'s (NASDAQ:TSLA) gigafactory, lithium ETFs are also reveling in the good news.

Nevada Lithium Mine Likely Drove Tesla’s Decision

The fact that Nevada hosts the only operating lithium mine in the United States probably played into Tesla Motors's (NASDAQ:TSLA) decision to located its lithium ion batter gigafactory there, according to an article from Marketwatch.

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