Tesla Motors (TSLA) News: Pure Energy Minerals Drops the Next Lithium Bombshell

Stepping back for a moment, on September 3rd, Tesla Motors Inc (NASDAQ:TSLA)’s Founder Elon Musk reiterated his commitment to source materials from Nevada. However, that pledge did not necessarily mean another sourcing deal, announced so soon, or that it would be for lithium. Other materials besides lithium will be required. Cobalt and graphite, (among others), will also be needed to feed Tesla’s massive giga-factory in Nevada. I find this agreement to be highly noteworthy in the sense that Tesla Motors Inc (NASDAQ:TSLA)’s growing need for lithium, perhaps more so that that for cobalt and graphite, represents the single most important raw material need. I imagine that other lithium agreements will be signed in coming months. Without question, Nevada wants further lithium deals to come from Nevada. Western Lithium USA (OTCMKTS:WLCDF) and Dajin Materials are two other lithium juniors in Nevada.

Disclosure: Several of the companies mentioned herein have small market caps, including Pure Energy and Dajin Resources, small market cap stocks are highly speculative, not suitable for all investors. I, Peter Epstein, own shares of PE.V. and DJIFF. Mr. Epstein, CFA, MBA is not a licensed financial advisor. Readers should take that fact into careful consideration before buying or selling any stock mentioned. Readers are encouraged to consult with their own investment advisors before buying or selling any stock, especially speculative ones. At the time that this article was posted, Dajin Resources and Pure Energy were sponsors of: http://EpsteinResearch.com. Please consider visiting:  http://EpsteinResearch.com for free updates on Dajin Resources, Pure Energy and others across a range of sectors. While at http://EpsteinResearch.com, please enter an email for instant delivery of my work.  Thank you for your support.