TSXV:PE - Post Discussion
Post by
Loserboard on Jul 12, 2020 12:18pm
BULL YAH!
Pure Energy Minerals is developing the Clayton Valley South Lithium Brine project in Nevada, which is located adjacent to the only producing lithium mine in the U.S., Albemarle's Silver Peak lithium brine operation. The project is roughly 200 miles away from Tesla's giant lithium-ion battery cell factory, the Gigafactory 1. Indeed, when Tesla chose Nevada for the location of its first Gigafactory, industry watchers speculated that the Silver State's plentiful lithium supply was one main reason. According to Pure Energy's Sept. 2015 press release, "provided that Pure Energy meets certain terms and conditions ... the Agreement establishes a commitment for an annual purchase volume of product over a period of 5 years by Tesla and/or its authorized purchasers."
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