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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Company News

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.

Pure Energy Minerals Closes $990,000 Private Placement

Pure Energy Minerals Closes $990,000 Private Placement

Pure Energy Minerals (TSXV:PE) has closed its over-subscribed non-brokered private placement financing for gross proceeds amounting $990,000. The company issued 9,900,000 units at a price of $0.10 per unit.

Western Lithium Advances Nevada Demonstration Plant

Western Lithium (TSX:WLC,OTCQX:WLCDF) has begun the first of three campaigns aimed at demonstrating the viability of large scale lithium extraction from its lithium-rich clay deposit in Nevada. The first step involves the calcination of lithium clays at the deposit.

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Company Videos

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

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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