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Dajin Resources, the Right Place and Time in Nevada’s Lithium Hub

Last week, Tesla Motors announced that it had agreed in principle to an off-take agreement with Bacanora Minerals Ltd. (located in Sonora Mexico) and to a lesser extent, its joint venture partner, on a portion of their properties, Rare Earth Min. Since then, Bacanora’s stock is up approximately 40%. At first, I was surprised Bacanora’s stock didn’t soar even higher. It turns out that the off-take agreement has a number of contingencies and no financial commitment from Tesla. In fact, Tesla’s Elon Musk was quoted as saying, “this lithium deal is not exclusive (and) has many contingencies. The press on this matter is unwarranted.” ...

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Dajin's Energy Metals Quarterly. Issue 3. The Peter Epstein Edition

Sentiment in the lithium sector has improved markedly in the past few months. Improving sentiment and higher stock prices among lithium juniors, despite continued devastation in other natural resource sectors, is certainly noteworthy. Lithium is hot and attracting a lot of attention. That's largely without even considering underlying lithium carbonate and hydroxide prices marching higher this year and expected to be higher again next year. Renewed M&A, most notably the Western Lithium / Lithium Americas merger, could be a sign of things to come. Projections of lithium demand continue to increase...

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