Tesla making conditional supply arrangements
Tesla signed a conditional supply deal with 2 lithium juniors that are developing a deposit in Mexico. It seems that Tesla is taking an interest in potential producers with large resources. Perhaps she will consider other necessary materials such as graphite and hopefully EGZ https://investingnews.com/daily/resource-investing/energy-investing/lithium-investing/tesla-motors-bacanora-minerals-lithium-supply-agreement/?nameplate_category=Lithium excerpt: The dealmarks the first much-anticipatedraw materials supply agreement for the electric vehicle manufacturer. Teslas lithium-ion battery gigafactory in Nevada is expected to require large quantitiesof lithium, graphite and cobalt once it reaches capacity. Under theterms of the deal which is conditional upon development of Sonora, as well asproduct quality, pricing and timing of delivery Tesla will purchase agreed-upon minimum tonnages, with estimated maximum purchases based on future production orders. Further data from Benchmark MInerals Minerals https://benchmarkminerals.com/blog/tesla-begins-gigafactory-sourcing-with-lithium-supply-deal/