Frontier Lithium Inc (LITOF)

[SPARK]

TESLA signs up its "First" Lithium Junior - Grade & Tonnage
It would appear that August becomes the month of monumental Fast and Furious agreements in the junior miner Lithium sector.

First, it was Posco and Lithium Americas (which also includes the merged Western Lithium).

Shortly thereafter, it's a 5+ year Supply Agreement of Lithium feedstock for the Tesla Gigafactory from the Bacanora Minerals clay deposit in Northern Mexico (BCN, a Peter Secker company).

The agreement has a high probability of placing the project on the fast track to engineering, construction and production.
As part of the agreement, Tesla Motors/Energy has the right to participate in any such financings or other capital transactions as Bacanora advances towards a Lithium mining and processing operation.

Clearly, it appears that Tesla, in this "first" Lithium supply agreement was seeking a Lithium deposit with Grade and Tonnage, i.e. the BCN deposit has a grade ranging from 1.3% to 2.0% Lithium Carbonate Equivalent with a total tonnage of approximately 60 million tonnes (upper & lower clay units) for a Life of Mine of approximately 20 years.