My growing expectation is that LAC will mine lithium at TP (producing lithium sulphate), and then refine lithium carbonate/hydroxide in JV with Redwood Materials in Carson City. This makes more sense than setting up a multi billion dollar processing facility at Thacker Pass, which has limited infrastructure, skilled workforce etc. In the past, Evans has flagged the possibility of LAC being the miner, and partnering in the chemical conversion with a chemical company.

Redwoods biggest customer, at least initially, will be Panasonic Energy of North America. Redwood and Panasonic have announced that cathode materials produced by Redwood will be used by Panasonic in their recently announced Kansas battery cell production plant. It wouldn't surprise me to see Panasonic assist with the funding of the chemical conversion facility as well.

Time will tell. But I would expect a deal like this, with DOE funding, would turbo charge the market valuation of LAC.

Hang in there folks.