oh man the more i look into this the more excited i get...
So we know about this tenement is that it sits in the silver peak region
checkout the vid attached to this article.
http://fortune.com/2016/03/29/lithium-tesla-mine-nevada/
Regarding the area :
To Tesla, this valley that time forgot is only a three and a half hour drive from its massive battery factory, under construction outside of Reno, Nev. Tesla wants a supply of lithium to fill enough batteries to power 500,000 cars per year by 2020. The locale could also be an opportunity for Tesla to buy the resource from an alternative startup outside of the lithium oligopoly.
As of 2015 there was only one Chemetall lithium mine operating in the area ..
http://www.businesswire.com/news/ho...s-expansion-Chemetall-Foote-lithium-operation
Now, the really exciting part...
Pure Energy Minerals (canadian startup) signed an early agreement with Tesla and are exploring right in this basin.
They have undertaken significant exploration on their 9,000 acre tenement.
From their inferred Resource report 17/07/15 :
'An Inferred Resource of 816,000 metric tonnes of Lithium Carbonate
Equivalent (LCE) has been calculated based on borehole sample chemistry, seismic
and gravity interpretations of basin stratigraphy. '
monster discovery!
The company is listed on the Canadian Stock Exchange with a Market cap of $70m
From the news we have at hand we have pegged tenements in this precise region which hosts an enormous lithium resource and at which Tesla is looking to partner with mineral start ups.
I think this is going to be enormous
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