Bloomberg reported that Tesla attempted and failed to acquire Cypress Development Corporation a company that has been developing lithium from clay mining in Nevada for the last 10 years. Cypress was in partnership with Lilac to do direct extraction. I dont think that they are going ahead with Lilac because both have gone quiet about it and Cypress have announced that they are cooperating with university research departments. https://www.bloomberg.com/news/articles/2020-09-28/tesla-is-trying-to-mine-its-own-lithium-after-dropping-m-a-plan
LKE Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
