LAC Battery Lithium Monster

NYSE: LAC

91M Shares

kytophyte3d

Regarding LAC, I believe your estimation about the TSLA Battery Day hype leading to the rise past $11, and the (market crash + no names being mentioned + Elon saying they had 10k acres of lithium clay/sediment during battery day + claiming to be reinventing the process) led to the sell off.

However, with what little research I’ve done, I believe LAC will likely become a huge USA producer and will have plenty of demand as they’re really just getting started.

Recent update on their USA site located in Nevada.

blm.gov/press-release/bureau-land-management-seeks-public-input-proposed-lithium-nevada-corporation-thacker

The Bureau of Land Management seeks public input on the proposed Lithium Nevada Corporation Thacker Pass Project

Winnemucca, Nev. – The Bureau of Land Management (BLM) today released a Draft Environmental Impact Statement (DEIS) analyzing the potential impacts of the proposed Thacker Pass Lithium Project in Humboldt County, Nevada. If approved, the project would develop lithium reserves within the Thacker Pass deposit, the largest and highest-grade known sedimentary deposit of this critical mineral in the United States, and the second largest in the world.

“Under the Trump Administration’s leadership, we are developing reliable domestic sources of lithium and other critical minerals, keeping the United States’ manufacturing capacity competitive and maintaining our nation’s technology and national security edge. We welcome information from the public and stakeholders on this project,” said Casey Hammond, Principal Deputy Assistant Secretary of the Interior for Land and Minerals Management.

The Thacker Pass Project area is located on public land adjacent to Nevada Highway 293, in Humboldt County, Nevada, approximately 17 miles northwest of Orovada and approximately 53 miles north-northwest of Winnemucca. Lithium Nevada Corporation (LNC) has submitted proposed Plans of Operations for a mine and processing facility to produce lithium compounds for various uses, as well as for the continuation of exploration and development operations with the intent of extending the overall project life. The proposed pre-production period is two years, and mine life of the project is 41 years, not including the time for mine and facility closure and reclamation.

If approved, during construction, LNC would employ approximately 1000 contractors. Once construction is complete LNC would employ approximately 300 employees. At full capacity, the mine would produce 60,000 TPA of battery-grade lithium annually.

Article/Interview

sierranevadaally.org/2019/10/22/lithium-nevada-is-on-schedule-to-begin-thacker-pass-construction-in-2021-a-carbon-neutral-mine

Thacker Pass part begins on page 14

lithiumamericas.com/_resources/presentations/corporate-presentation.pdf?v=0.233

I have held LAC since May when it was in the $4-5 range; if I was better at trading, I could have multiplied many more times off the pops since it predictably returns to it’s post March long term trajectory (20-30% incline) Regardless of the car market, lithium will soon be in much higher demand for all sorts of things, for example:

forbes.com/sites/hisutton/2019/11/12/japanese-navy-first-with-new-technology-for-submarines/#22e5b2d45a89

Hope those links spark your interest, it feels good to be a tentacle in Octo-nation!

Why I dont Like it?


Other Lithium Plays to Consider:

NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
TO BE HELD ON OCTOBER 16, 2020TO THE STOCKHOLDERS OF AMCI ACQUISITION CORP.:You are cordially invited to attend the special meeting, which we refer to as the “Special Meeting”, of stockholders of AMCI Acquisition Corp., which we refer to as “we”, “us”, “our”, “AMCI” or the “Company”, to be held at 10:00 a.m. Eastern Time on October 16 , 2020. The formal meeting notice and proxy statement for the Special Meeting are attached.The Special Meeting will be a completely virtual meeting of stockholders, which will be conducted via live webcast. You will be able to attend the Special Meeting online, vote and submit your questions during the Special Meeting by visiting https://www.cstproxy.com/amciacquisition/sm2020. We are pleased to utilize the virtual stockholder meeting technology to (i) provide ready access and cost savings for our stockholders and the company, and (ii) to promote social distancing pursuant to guidance provided by the Center for Disease Control and the U.S. Securities and Exchange Commission due to the novel coronavirus. The virtual meeting format allows attendance from any location in the world.Even if you are planning on attending the Special Meeting online, please promptly submit your proxy vote by telephone, or, if you received a printed form of proxy in the mail, by completing, dating, signing and returning the enclosed proxy, so your shares will be represented at the Special Meeting. Instructions on voting your shares are on the proxy materials you received for the Special Meeting. Even if you plan to attend the Special Meeting online, it is strongly recommended you complete and return your proxy card before the Special Meeting date, to ensure that your shares will be represented at the Special Meeting if you are unable to attend.The accompanying proxy statement, which we refer to as the “Proxy Statement”, is dated October 1, 2020, and is first being mailed to stockholders of the Company on or about October 1, 2020. The purpose of the Special Meeting is solely to consider and vote upon the following proposals:

a proposal to amend the Company’s amended and restated certificate of incorporation, which we refer to as the “charter”, in the form set forth in Annex A to the accompanying Proxy Statement, which we refer to as the “Extension Amendment” and such proposal the “Extension Amendment Proposal”, to extend the date by which the Company must (i) consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses, which we refer to as a “business combination”, (ii) cease its operations if it fails to complete such business combination, and (iii) redeem or repurchase 100% of the Company’s Class A common stock included as part of the units sold in the Company’s initial public offering that was consummated on November 20, 2018, which we refer to as the “IPO”, from October 20, 2020 to February 22, 2021 or such earlier date as determined by the Board, which we refer to as the “Extension”, and such later date, the “Extended Date”; and
a proposal to approve the adjournment of the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Extension Amendment Proposal, which we refer to as the “Adjournment Proposal”. The Adjournment Proposal will only be presented at the Special Meeting if there are not sufficient votes to approve the Extension Amendment Proposal.

Each of the Extension Amendment Proposal and the Adjournment Proposal is more fully described in the accompanying Proxy Statement.The purpose of the Extension Amendment is to allow the Company more time to complete its initial business combination. We have entered into a non-binding letter of intent with an innovation-driven, high-growth, fuel cell technology company for an initial business combination. The target is developing fuel cell technology that we believe will be a key to unlocking the hydrogen economy. Completion of the transaction is subject to, among other matters, the completion of due diligence, the negotiation and execution of a definitive agreement providing for the transaction, satisfaction of the conditions included therein and approval of the transaction by our stockholders. Accordingly, there can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be

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