ULTRA LITHIUM INC. — TSX.V-ULT
Ultra Lithium Inc. ULT
  • Home
  • About
    • Overview
    • Directors
    • Management
    • Corporate Responsibility
    • Corporate Information
    • Disclaimer
  • Lithium
    • Overview of Projects
    • Laguna Verde Brine Lithium Property
      • Laguna Verde Brine Photos
      • Laguna Verde Brine Maps
    • Georgia Lake Lithium Pegmatites
      • Georgia Lake Lithium Photos
    • Forgan Lake Lithium Pegmatites
    • South Big Smoky Valley Project
    • Lithium Uses
  • Gold
    • Gold Projects
    • Assay Results
    • Gold Project Photos
  • Investors
    • Stock Quote
    • Investor Presentation
    • Regulatory Filings
    • Investor Contact
  • News
    • News Releases
    • Media Contact
    • Media Resources
  • Contact
    • Contact Information
    • Investor Email Signup
  • Menu Menu
  • Twitter
  • Facebook
  • LinkedIn
  • Youtube
Blog - Latest News
lithium mining

Tesla Lithium Mining could be in the Works

July 12, 2019/in In the News/by Gray Leigh

In Electric Push, Tesla Lithium Mining Possible

The global electric vehicle market heats up. Indeed, Tesla’s market share slips as more automakers shift toward clean transportation. However, a lingering problem faces the entire industry. As the global lithium supply tightens, Elon Musk thinks Tesla lithium mining could satisfy a glaring need.

READ: Record Deliveries for Tesla on Horizon

After all, clean energy goes through lithium. Lithium-Ion batteries are the most efficient energy storage solution for sustainable tech. Consequently, the electric vehicle market relies heavily on mining companies that extract lithium.

Lithium Shortage Likely to Worsen

lithium miningUltimately, Musk recognizes that a battery shortage will pulverize Tesla. “There’s not much point in adding product complexity if we don’t have enough batteries,” he said during a Tesla shareholder meeting.

Evidently, no automaker understands the strain of limited supply better than Tesla. Case-in-point: the long waitlist Tesla customers face for parts replacements.

Moreover, Tesla understands the expense of dealing with mining companies. Lithium is a mineral in short-supply, which suppliers reflect in their pricing.

Lithium’s Value Goes Beyond Electric Vehicles

lithium miningMoreover, most of the world’s lithium comes from South America and Australia. In particular, the South American Lithium Triangle contains half the world’s lithium supply.

However, China owns most of that.

As a result, Tesla’s decision to enter the mining arena isn’t that far-fetched. After all, Musk is a noted innovator with a penchant for overcoming complex hurdles.

Ultimately, the lithium exploration firm that feeds Tesla’s lithium needs will have work for years to come.

Related Articles

Clean Energy Future: Electric Cars Power Homes

GM to Sell Affordable Electric Cars

Data Cars and the Self-Driving Revolution

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of clean energy news, ULI is a lithium exploration company with lithium holdings in Argentina, Canada and the US and gold holdings in Argentina. (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
You might also like
VW Secures VW Secures Lithium Supply for 10+ Years
Laguna-Verde-Brine-Project Ultra Lithium Starts Evaporation Testwork at Laguna Verde Brine Lithium Project in Argentina
ev assembly Ultra Lithium Arranges A Financing
Ultra Lithium’s 13 New Argentinian Gold Mining Licenses Brings the Total to 16
Jaguar I-Pace Jaguar I-Pace Wins World Car of the Year
UK Government UK Government to Ban Fossil Fuels by 2050
battery cost Battery Cost Sends Grid Storage into Boom
ev assembly EV Assembly: Building Cars like iPhones

LATEST NEWS

  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am
  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am

ABOUT

Overview
Management
Directors
Corporate Responsibility
Corporate Information
Disclaimer

 

LITHIUM

Overview of Projects
Laguna Verde Brine Lithium Property
– Laguna Verde Brine Photos
– Laguna Verde Brine Maps
Georgia Lake Lithium Pagmatites
– Georgia Lake Lithium Photos
Forgan Lake Lithium Pagmatites
South Big Smoky Valley Project

Lithium Uses

GOLD

Gold Projects
Assay Results
Gold Project Photos

INVESTORS

Stock Quote
Investor Presentation
Regulatory Filings
Investor Contact

NEWS

News Releases
Media Contact
Media Resources

CONTACT

Contact Information
Investor Email Signup 

CONTACT INFORMATION
Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

Branding and Design:
NextPhase Strategy Marketing Inc.

Global Transportation Sector: 30% Electric by ’30Global transportationEU PolicyEU Policy Requires EV Engine Noises
Scroll to top