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Tesla was recently holding acquisition talks with a Nevada-based mining company to advance its ambitious plan to source lithium from clay deposits in the US, but the electric-car company was unable to reach a deal and has since secured the rights needed to legally mine the raw material on its own in the state,
In the past, the automaker had planned to buy the mining company, Cypress Development Corp., which is also looking to source lithium from Nevada land,
Comment, CYDVF on the sept Sept 29 news it was .40 cents. .65 today.