Tesla Motors has signed an agreement with Pure Energy Minerals for the development of a lithium mine in Clayton Valley, Nevada.
Pure Energy Minerals is conducting a preliminary economic assessment to make sure that it can start mining at the site. If the assessment is positive, then as under the agreement, Tesla will purchase a specific amount of lithium at a predetermined price for five years.
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Tesla will use the lithium hydroxide to manufacture batteries at its Gigafactory, which is located three and a half hours from the mine site, arstechnica reported, citing Reno Gazette Journal.
