A fresh lithium development in Saskatchewan, Canada, along with other significant supply developments, could make the country more enticing than ever to supply-hungry Tesla.
Tesla and its CEO, Elon Musk, have made it no secret that lithium is a vital resource for its business. It intends to work closely with suppliers and potentially develop its own reserves in the near future.
For this reason, Tesla could very well find itself drawn to Canada in the upcoming years. Today, Grounded Lithium Corp. revealed its development plan for its forthcoming Kindersley Lithium Project, located in Western Saskatchewan, and they are far from the only company looking to supply lithium in the Great White North.
...Oddly enough, Prairie is not even mentioned in this story.
https://www.teslarati.com/lithium-development-canada-tesla-2023/
According to Grounded Lithium, the Kindersley Lithium Project is slated to begin production in 2026 and aims to produce roughly 10,000 metric tonnes of lithium annually, which is enough to power roughly 160,000 EVs. This will be achieved through 24 brine extraction pumps feeding a centrally located refining facility. Grounded Lithium states that it will define itself as the lowest cost per unit lithium source in Western Canada, thanks to the purity of the brine deposit.
Ann: Investor Presentation, page-75
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