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F E B R U A R Y / M A R C H 2 0 1 8
50% interest (25% earned). The project
has an inferred resource of approximately
17 million tonnes grading about 1,060
ppm lithium over 455,800 square metres
of the core drilling program. Alba's part-
ner, Noram Ventures Inc. [NRM-TSXV;
NRVTF-OTCQB; N7R-FSE], said its subsid-
iary Green Energy Resources is applying
to the Bureau of Land Management to
collect a 10-tonne sample to proceed with
bulk sampling utilizing the Membrane
Development Specialists LLC bulk testing
process on lithium-rich clay samples from
in the Clayton Valley Project following the
successful drilling results from its Zeus
and Hades claim groups.
Albemarle Corp.'s [ALB-NYSE] Silver
Peak Mine in Nevada is the only produc-
ing lithium mine in the US. Albemarle
could be a source for Tesla as it already
sells its lithium from its global sites to
battery makers like Panasonic, which is a
Tesla supplier.
Another potential candidate is Pure
Energy Minerals Ltd. [PE-TSXV, PEMIF-
OTCQB], which has an early stage supply
agreement with Tesla that could make Pure
Energy a potential seller of an undisclosed
amount of lithium to the electric car
maker. Under the agreement, Tesla would
pay a predetermined price that is below
current market rates, according to a release
at the time.
Pure Energy's Clayton Valley Project
contains an NI 43-101 compliant inferred
resource of 816,000 tonnes of lithium car-
bonate equivalent. It means that if Pure
Energy Minerals can tap into this poten-
tially abundant new resource in Clayton
Valley and use technology to lower the
costs of lithium mining, it might have a
chance to sell its production to Tesla, or
others, at a low cost.
Cypress Development Corp. [CYP-
TSXV, CYDVF-OTCBB, C1Z1-Frankfurt]
holds a 100% interest in the 1,520-acre
Glory Project. The Glory claims are located
to the immediate south of the Dean claims
and less than 1,000 metres southeast of the
producing lithium brine wells owned by
the Albemarle. Cypress also holds a 100%
interest in the Dean Project, which covers
NEVADA
