Here we have another catalyst for lithium demand. Tesla will drive more and more interest to the electric cars. Next round of excitement comes with the rising Tesla Motors share price. Brokers are upgrading company and Tesla Model X will be profiled more and more coming into roll out this Fall. Lithium race started by Tesla is sipping down to lithium junior miners as well. Western Lithium bought our Lithium Americas with its brine project in Argentina. Who will be next - there are just a few good projects left in the region.
Headlines are full of news from China about new EV production facilities being built and lithium batteries megafactories are in the making all over the world. We are entering the mass market stage for electric cars with Tesla Model 3, GM Bolt and Nissan Leaf with increased range coming out. All these great news are coming when lithium supply is already under strain, SQM is in the deck of political game in Chile and junior miners are cut off the access to the capital. Western Lithium and Lithium Americas merger signifies the bottom for our sector, in my personal opinion. Weak companies will be gone unfortunately. Strong ones will break the old oligopoly. Now Western Lithium will have lithium brine project and combined company will have better chances to get enough capital to move projects further. It is the great news for all our sector, place is consolidating and better stories will earn investors' interest. Now you can appreciate one more time the importance of International Lithium strategic partnership with Ganfeng Lithium, who is financing the development of our J/V projects in Ireland and Argentina.
We have great news today from our both J/V projects with Ganfeng Lithium! You already know about my personal vision for the lithium industry and our strategic partnership between International Lithium and Ganfeng Lithium from China. Now we have results coming in from our exploration and development programs.
The Wall Street Journal: