extract of article written by Randy Carlson appearing in seeking...

extract of article written by Randy Carlson appearing in seeking alpha, regarding "possible" Bill being introduced to "promote and encourage lithium mining in Nevada."......as always DYOR as these authors may have vested interests.......

"A source close to the Legislature alerted me to a particular BDR requested by Assemblyman Jim Wheeler and State Senator Pat Spearman for a bill to "promote and encourage lithium mining in Nevada." This is an interestingly bipartisan effort, Jim Wheeler being a conservative Republican and Pat Spearman a liberal Democrat.

I was able to talk with Assemblyman Wheeler earlier, and the objective of this prospective bill is rather more than the simple description suggests. According to Wheeler, the objective is to encourage both lithium mining and lithium refining in Nevada. The legislation would provide lithium mining companies with sales tax exemptions on lithium refining equipment, with a further prospect of reduction in associated property taxes.

Assemblyman Wheeler was careful to point out that the bill is not yet finalized, and the details, amounts of tax relief and other things are still being discussed. He did however stress how important and how beneficial it would be for Nevada to hold more of the value chain between mining lithium and making batteries. Especially as a couple of electric carmakers do or plan to operate in the state.

This development is significant for investors for a couple of reasons. First, the interest by the Nevada legislature in promoting both lithium mining and lithium refining points to opportunities in junior lithium mining companies, particularly those using interesting extraction technologies. The big player, Albemarle may see some benefit as well, but since its Nevada operation is a smallish part of the overall business, investors may see less leverage than with the Nevada "lithium juniors."

The second important take-away is that Tesla is going to be better positioned for on-shore lithium supply because Nevada has the mineral resources, and perhaps even the political will to help develop Tesla's local lithium supply chain."

http://seekingalpha.com/article/4037702-teslas-lithium-supply-update?