Lithium – Nevada’s New Silver?

I thought I would share the highlights that we were told at a Dickson meeting on Lithium in Nevada.

Nevada contains enough lithium to meet the growing demand for 100+ years!
Extracting minerals from the many mines in Nevada is at least 3 years away.
The BLM has approved the mine at Thacker Pass. Geologists says the area hold the
largest lithium deposit in the world. It’s estimated there is $3.9 billion worth of
recoverable lithium.
The Silver Peak Lithium Mine in Clayton Valley is only active lithium production site in
the United States. They are working to expand their output.
Lack of infrastructure and workers in rural areas where the mines are located is a
concern. There are also issues of NIMBY in some rural areas that are fighting the
The various companies in the “lithium loop” are working with TMCC, WNC and EDAWN
to train a skilled workforce.
The Nevada Mining Association is working with rural communities, the Nevada
Homebuilders, and other industry groups to address infrastructure needs.
The Nevada Battey Coalition is advocacy group working to inform the public and private
sectors of the economic, environmental, and national security issues associated with
the battery supply chain in order to strengthen Nevada’s position as a leading battery
center in North America.
Detailed Notes:
Lithium is a lightweight mineral that stores energy. Thus, lithium batteries are ideal for
portable devices and electric vehicles. (There is a primer about the mineral at the end of
meeting notes.)
Geologist Rick Kern explained that Nevada contains enough lithium to meet the
growing demand for 100+ years! Nevada had a lot of volcanic activity that created salt
flats that are rich in lithium. The mineral is also found in brine solutions that are
produced as a byproduct of geothermal energy production.
The biggest challenge the mining industry faces is getting permits approved to begin
extracting the mineral. It can take up to 6 years to get all the approvals needed to start
mining the mineral. Capital is also an issue. The minimum investment is $10 million to
get from feasibility to extraction.
The other challenge is that the mines are located in rural areas where there are few
workers and little infrastructure and housing to accommodate the construction and
mining workers that will move to the area.
The Silver Peak Lithium Mine in Clayton Valley is only active lithium production site in
the United States and has been in operation for decades. We are at least 3 years away
from any other mines coming online. (Thacker Pass is probably the closest.)
The Nevada Mining Association is working with local communities now to develop trust
with local leaders to address their concerns. They are also working the Nevada Home
Builders to see how to address infrastructure needs.
Finding skilled workers is another challenge. That is something that EDAWN is working
on with the various industries, along with TMCC and WNC.
Denis from Dragon Fly Energy explained how his company is making lithium batteries
for RV’s, called Battle Born Batteries. They have a proprietary dry electrode battery
manufacturing process that has a significantly smaller manufacturing footprint and
consume notably less power than traditional methods.
Denis says the missing link in the lithium life cycle is the processing, which is being
done primarily in China. That is a critical component that Nevada needs to grow.
Steve from Aqua Metals explained that they are a sustainable battery recycling facility
at TRIC that is recovering saleable quantities of the full suite of valuable metals and
minerals contained in spent lithium batteries. Aqua Metals is producing lithium
hydroxide, nickel, cobalt, copper, and manganese dioxide, and is scaling production at
the pilot facility to 75 tons per year of battery materials recycled.
More than 6.5 million tons of lithium-ion batteries from EVs are expected to be available
for recycling by 2030. That is why the “recycling” of these batteries is such a growing
segment of this market.
Jimmy from NV Energy explained that lithium batteries are needed to store the solar
energy that they create during the day. NV Energy is working to power Nevada with
100% renewable energy, and lithium is a critical to making that happen.
NV Energy’s Greenlink is critical to providing the power needed at the rural mines,
which is why NV Energy is a member of the NV Battery Coalition and is working with the
mining industry. Carolyn Barbash explained the status of the project that is bringing
power to many rural communities. Greenlink West will be a 525 kV transmission line
that spans approximately 350 miles from Las Vegas to Yerington. Greenlink North will
be a 525 kV line that spans approximately 235 miles from Ely to Yerington.

Luxury Trends 2023 2nd Quarter by Dickson Realty Northern Nevada

Below is a super article by Dickson Realty Northern Nevada about the luxury trends in the Reno/Sparks and Incline areas.

Luxury Trends: 2nd Quarter 2023 by dicksonrealty- Issuu

Tesla to Expand Nevada Factory

Tesla, run by billionaire CEO Elon Musk, intends to produce high volumes of semitrucks and make enough cell batteries for 2 million light-duty vehicles annually in Nevada. They will be investing over $3.6 billion more to continue growing Gigafactory Nevada, adding 3,000 new team members and two new factories: a 100 GWh 4680 cell factory (with capacity to produce enough batteries for 1.5 million light duty vehicles annually), as well as the first high-volume Semi factory.  The details of any potential tax breaks for Tesla’s $3.6 billion expansion of its Nevada factory will remain secret until late February, under a nondisclosure agreement that state officials signed with the electric carmaker

Why did Tesla choose to build its Gigafactory in Nevada. States without sales tax were topping the list of preferred sites. Nevada estimates a tax base of $1.9 billion over 20 years. After sticky negotiations, Tesla chose the TRIC as the location of the Gigafactory mainly due to speed and a State of Nevada incentive packages.  

The factory which is located less than an hour from Lake Tahoe, Gigafactory Nevada is one of the world’s highest volume plants for electric motors, energy storage products, vehicle powertrains and batteries—producing billions of cells per year. Why is it called a Gigafactory? The word gigafactory comes from the notion of gigawatt, or one billion watts.  And one billion watts is enough energy to power 700,000 homes for an entire year! So technically speaking, a gigafactory is a battery factory capable of producing more than 1 gigawatt (GW) of continuous power per year. Will the gigafactory be solar powered?  Musk tweeted Tuesday that the company expects the factory to eventually be “almost entirely solar-powered.”

Is Nevada rich in Lithium? In northern Nevada, a place called Peehee Mu’huh – or Thacker Pass -is sacred indigenous land and also potentially the largest deposit of lithium in the US. The largest producer of lithium in Nevada is a company called Albemarle.  Albemarle operates the only active lithium mine in the U.S., located in Silver Peak, Nevada.  One has to ask if the mining of lithium is harmful? According to a report by Friends of the Earth (FoE), lithium extraction inevitably harms the soil and causes air contamination. As demand rises, the mining impacts are “increasingly affecting communities where this harmful extraction takes place, jeopardizing their access to water,” says the report.

Finally, which Sate has the most Tesla’s dealerships?  California has 62 (28%) with a population of 39.51 Million people. Texas is 2nd with 23(10%) with a population of 29.00 Million.

Texas 23 (10%) 29.00M


Reno Median Home Price Hits Record $630,000

Reno Median Home Price Hits Record $630,000

The Biggest Little City has set a new record for the median home price: $630,000. This is for stick-built single family homes in Reno and does not include condominiums, manufactured homes or new homes.

With the Federal Reserve raising interest rates by half a percentage point last Wednesday, the biggest hike in more than two decades to combat inflation, one has to wonder whether Reno’s sharp uptick will be sustainable in the future.  We are seeing the market starting to return to more normal levels as mortgage rates increase and inventory begins to increase, giving buyers a greater choice.

New listings have increased by almost 11% and inventory has increased by 47%.

Reno’s luxury market continues to boom.  In the zero-income-tax state that has seen  the arrival of tech giants Tesla, Google and Apple in the last couple of years, has drawn transplants from the San Francisco Bay Area since before the pandemic. Inventory continues to be low and I have seen homes selling for above offered price.   Wealthier buyers are moving to Reno area and come with cash in hand. The demand for luxury real estate continues to build in Reno. It is poised to put more pressure on our market. Because of this, I think, 2022 will take Reno to new heights in all aspects in the luxury market, as well as the second home buyer which is becoming increasingly popular among experienced owners.

If the new proposed Wealth Tax in California goes through, the pressure on Reno’s luxury real estate will be even greater than anticipated. California is also still proposing an “exit tax” that hasn’t gone through yet. The more tax initiatives California proposes on their wealthy residents, the more California neighbors we can expect in Reno and Northern Nevada.

Montreux, A private Gated community with a Jack Nicklaus Signature Golf course has only 5 homes on the market and St. James Village which, borders Montreux, only 5 homes. They are both situated in the pine trees at the foot of the Sierra Nevada mountains. The areas has many amenities, including outdoor life abundant all year round with Mount Rose ski resort 10 minutes away, an International Airport just 20 minutes away, and Incline Village with its beautiful beaches a mere 25 minutes up the road.

Nevada has no state income tax. The average effective property tax rate for the state is much lower than the national average. Nevada does charge any state income taxes, but residents still have to pay federal income taxes and FICA taxes. Your Nevada employer will withhold federal income taxes from each of your paychecks and send that money to the IRS, which counts toward your annual income taxes.

Does Nevada tax your pension? NO. Pensioned Retirees in Nevada are always winners when it comes to state income taxes as The Silver State won’t tax your pension income—or any of your other income, for that matter, because it doesn’t have an income tax. This includes 401(k)s and IRAs – with no income tax, there’s also no tax on 401(k) or IRA distributions.

How long do you have to live in Nevada to be a resident?
In many states, an individual is a statutory resident if the individual maintains a permanent place of abode in the state and spends in the aggregate more than 183 days during the year in the state.  If you live in another state, confide with your accountant the laws associated with your state’s residency laws.
Photo Credit: Alex Proimos



Rents Surge in Reno

Rents in the Reno-Sparks area have once again in the fifth quarter in a row increased. The average rent for an apartment reached $1,6o7 during the second quarter of this year, a record-breaking trend that has continued since the second quarter of 2020. Due to the strong demands of renters who are already struggling to find affordable homes in this market, this is bad news. The single family home in the Reno-Sparks area remain at a record high of $530,000 in September, according to the Reno/Sparks Association of realtors.  I personally have seen some leveling out in the past couple of months but it still remains a sellers market if the home is not overpriced.

Most of the new renters, about 40% are coming from the California area. Mainly to get away from California  and Reno being  more affordable.  Vacancies are below 1% in 3 areas in Reno. The Northeast, Southwest and West Reno.

“Just over 4,000 apartment unites are currently under construction in the Reno – sparks market, with over 5,900 unites in the planning stages,” the Johnson Perkins Griffin report said.  “Due to the Covid-19 pandemic, it is likely that development of planned unites will be delayed in the short term, until the ultimate impact of the pandemic is know.”

The big question is to buy or not to buy? Where in the past if something came on the market it would virtually disappear right away and there would be multiple offers on the table. People where not doing inspections and willing to pay above appraisal value.  However today inventory is slightly higher but not as intense as it used to be and not as many multiple offers on the table. It might be a good time now for buyers to once again start looking.  Interest rates a still low, however there is talk that in the near future they will be going up.  Inflation could become a concern as the costs of goods and gas continue to increase, the Feds might raise interest rates to counter act this.

I have seen homes in the luxury market sitting longer than usual on the market. I do believe this is due to the fact that many are over priced and due to the holidays sales will decline a little,however  in the New Year will once again surge… what with Nevada being a tax friendly state and our incredible outdoor life we have here.

Reno Nevada Real Estate Soars

Reno Nevada Real Estate Soars

Nevada the Most Moved-to State in Early 2021

Reno has became the top state with the highest share of cash sales in the nation so far this year. 51% of home sales in Reno where cash sales. Nationwide, the share of cash sales was 20%. This speaks for itself on our market here in Reno where cash is king and homes sell in days, or even hours, and usually have multiple offers. Will Reno reach $600,000 for the median price of a single-family house this year? That’s the question among real estate watchers as The Biggest Little City posted yet another record for the median sales price of an existing single-family home in May. Reno posted a May median sales price of $550,000, up by 9.6% from the previous month and a whopping 29.1% jump year-over-year, according to the Reno/Sparks Association of Realtors.

It also beat the previous record of $515,000 set in March. These numbers are for existing single-family homes. “The inventory of homes for sale continued to tighten during May,” said Gary MacDonald, RSAR president. “The active inventory at the end of the month declined by 13% and stood at 300 homes — well under a month’s supply at the current pace of sales.”

It is my belief that if you are not very familiar with the area, I recommend renting before buying.  While it may be tempting in this current market to buy first, getting a better idea of the market before making such a major investment can be a great idea. Even if you just find out which neighborhood you prefer, having 12 months or so of insight can be very helpful. The only problem you might have in the Reno area is that it is very difficult to find rentals.  The luxury market is out of hand as well. Montreux Golf and Country Club a private Jack Nicklaus Golf Course has 2 homes on the market at present. I listed a home a few weeks ago in Montreux at 11.30 am for $2.5 M  and by 7 pm that evening I had a cash offer.

The Market in Neighboring Lake Tahoe Communities

Incline Village and Crystal Bay closed this spring by tripling its medium home price as Lake Tahoe’s hot luxury market shows no sign of abating. The medium home sale in Incline was $2.53 million. People are choosing to live in Nevada because of our friendly tax environment, and many are moving away from big cities due to the pandemic with the ability to telecommute. Homes priced at $2 million or more accounted for 40% of home sales in April, up from zero sales a year ago when the pandemic froze the luxury market.



Perhaps we are all wondering why with a Pandemic, recession and protests across the country, the housing market isn’t at a stand still? With the crippling and ongoing coronavirus pandemic, millions out of work, a recession, a national reckoning over systemic racism, and  a presidential election just around the corner, the residential real estate market is staging an astonishing rebound.

“The housing recovery has been nothing short of remarkable,” says Ali Wolf, chief economist of Meyers Research, a national real estate consultancy. “The expectation was that housing would be crushed. It was—for about two months—and then it came roaring back.”

Why is this so?  There is a severe shortage of homes for sale.  Mortgage Rates have never been lower and there are tons of buyers.

There’s an awful lot of pent-up demand from buyers who were stymied by the novel coronavirus in the spring. These are the folks who were forced to postpone their searches in March, April, and May. Some are first-time buyers with growing families who need the extra space pronto.  Additionally, many home buyers will perhaps never see interest rates at such a low point in their lifetimes. The average mortgage rate fell to 3.03% for 30-year fixed-rate loans in the week ending July 9, according to Freddie Mac. That’s the lowest they’ve been since Freddie began tracking rates in 1971.

Buyers are now back in force, competing with those who had planned to buy in the summer—along with the city folks suddenly seeking a single-family home of their own, a more spacious abode with a home office (or two), and outdoor space.

“They’ve been at home for months, and they’re going, ‘If I’m going to spend the next six to 12 months working out of my house, I need a bigger house,'” says mortgage broker Andrews. About half of remote workers  polled by Gallup recently, 49%, would prefer to continue working from home even once their offices reopen.  Not to mention those who are tired of the big cities and now want to move out to smaller communities.

Reno with it’s No State Tax and close proximity to California has had an influx of buyers, but beware, future buyers shouldn’t expect deep discounts during this recession—at least not yet.

Got Space? How Defensible Space Can Help Save Your Home

Got Space? How Defensible Space Can Help Save Your Home

Did you know that 9 of the most destructive and deadly wildfires in California history happened within the last 5 years? Unfortunately, the reality is that wildfires are on the rise and they are burning hotter, faster and more unpredictable than ever before.

The good news is that there are many measures that you can take to reduce the risk of a wildfire spreading to your home. Spring is a great time to start building in defensible space around your home as the ground is still wet and wildfire danger is low.

Taking the necessary precautions now can save your most valuable investment should a wildfire affect your area. Wildfires can spread up to a mile away by flying embers in the air. The embers travel by wind and create new fires in different locations where they land. That being said, creating a defensible space around your home can not only save your property but possibly the entire neighborhood or town you live in.

Many areas are now requiring that prior to the close of a home purchase, a defensible space inspection be administered by the local fire department to ensure the property has been cleared of debris and other factors that make your home more vulnerable to the risk of catching fire. Truckee is now on this list and it is required that a recent inspection (within the last 3 years)  be completed before the close of the sale of a property. Although this may seem to be just another hurdle to jump through when trying to buy or sell a home, with the imminent threat of wildfires increasing yearly, it is an incredibly effective measure the community has taken to help protect you and your family.

You can find more information and a list of the most significant steps you can take to help ensure your home is as effectively protected as possible if a wildfire should strike at

Truckeefire.org and www.readyforwildfire.org.

Source: https://oliverlux.com/got-space-how-defensible-space-can-save-your-home/

Spring has Arrived and with it SELLING SEASON: Tips on How to Prepare Your Home

Spring has Arrived and with it SELLING SEASON: Tips on How to Prepare Your Home

With the arrival of Spring the selling season is upon us. Many of you now thinking of selling your home and preparing the Home for a quick and successful sale is crucial. Here are a few tips to help you out.

  • A marketing plan on WHO your buyer will be is essential as this will help you decide who the target buyer is. This will influence the staging process.
  • Boost curb appeal. This is something you always hear, and with very good reason. Many people thinking of touring your home will do a quick drive-by first, often deciding on the spot if it is even worth a look inside. Make sure your home is ready to lure in onlookers with these tips:
    ○ Power wash siding and walkways
    ○ Hang easy-to-read house numbers
    ○ Plant blooming flowers and fresh greenery
    ○ Mow lawn, and reseed or add fresh sod as needed
    ○ Wash front windows
    ○ Repaint or stain the porch floor as needed.
  • A clean home is essential! Remove all excess furniture to clothing. Make your home feel as spacious as possible.
  • Depersonalize your home. Once a person has stepped into your home, you would like them to feel that it could be theirs. Remove all family photo’s and neutralize the home as much as possible. A clean palette is always good as the buyer can then see their possessions in the home. Neutral colors are best as it is also very soothing.
  • Return all rooms to their intended use. If a bedroom is now an home office change it back to the bedroom and stage it as one.
  • Style your dining room table. The dining room is often a blind spot in decorating the home. Between dinners, a large dining table can look bare and uninviting, so styling it up with visitors in mind can increase the appeal.
  • Create a gender neutral master bedroom. Appeal to everyone with a clean, tailored master bedroom, free of personal items and clutter. You can’t go wrong with clean, crisp linens, tasteful artwork and a blanket folded at the foot of the bed. Bathrooms must be pristine. Look at every detail with a visitor’s eye — bars of soap should be fresh and clean, towels spotless, the garbage always emptied.
  • Beware of Pet odors: This can be a big one! If you have pets, get all rugs steam cleaned and be extra vigilant about vacuuming and washing surfaces. Also be sure to keep any extra-loved pet toys and doggie bones hidden when tours are scheduled.
  • Finally, if you find this difficult to do there are professional home staging companies that one can hire to help you out. GOOD LUCK

Reno’s Housing Crisis

“Reno is growing up from a big town into a city that’s emerging as a world player,” Lehmann said. “Reno is changing and becoming a different type of city and it needs to step up to that challenge.” Lehmann was the key speaker at a luncheon held by EDAWN.

For nearly a century, Reno took pride in being the Biggest Little City in the World. As a growth spurt brings in skyrocketing housing costs and a host of other challenges, however, some say it’s time for Reno to start thinking, well, big. Lemann who founded the Future Cities Leadership Lab and serves as the director of the University of Nevada, Las Vegas School of Architecture says Reno’s problems are nothing new. We know the problems but finding a cure it much tougher. “One of the top issues is housing,” said Mike Kazmierski, president and CEO of the Economic Development Authority of Western Nevada. Although Reno still has the advantage of short commutes compared to Silicon Valley and the Bay Area, space for new housing remains a problem, EDAWN’s Kazmierski said. To figure out why, one only needs to stand anywhere in Reno and look around. “We’ve got mountains all around and most of the easy, available land has already been built on,” Kazmierski said. “We also have a lot of BLM land around us so it’s not like we have a bunch of land nearby that we can just expand into.”

Lehmann agreed and also points to insufficient housing supply, worsening housing affordability, congestion at the Spaghetti Bowl which can be traced back to a shift in community development several decades ago.
Expanding farther away from the city center also comes with added costs, according to Lehmann. That’s because doing so comes with the need to build new sewer lines, utility connections and other infrastructure while also providing additional public services such as police and fire stations. Single-family housing also typically costs more per dwelling than multi-unit projects, resulting in pricier homes.  Some of the solution Lehmann suggests are, focusing less on sprawling single-family developments and doing more infill projects to increase housing density. Examples include multi-unit housing projects such as duplexes, bungalow courts and townhouses. Such units are part of what’s called the “missing middle,” residences that range from two to 50 units that increase housing density and are geared toward urban living.
By mixing such developments with retail and office spaces, Lehmann says you can create more synergistic communities that are not only more walkable but easier and cheaper to connect with via public transport.

Claudia Hanson who is the planning and Housing manager for the city of Reno said changes have been made in the last decade to increase housing density in several key areas. The changes include mixed zoning districts in the downtown core as well as key transportation hubs such as the transit corridor from Meadowood Mall to the University of Nevada, Reno. In addition to essentially allowing unlimited housing density in those sections, the changes eliminated a lot of the requirements that were slowing down projects, Hanson said. This made it possible for certain projects to go straight to permitting without having to go through the public meeting process. “The goal was to revitalize the downtown core … and also help slow down development on the fringes of the city so we can get higher density in the transit corridors,” Hanson said. Hanson, however, says it is also important to apply high-density zoning selectively and appropriately. Although the city is exploring mixed zoning options to increase density — albeit to a lesser extent than downtown — in some areas in northwest and southwest Reno, it does not believe it is a good idea to have unlimited density right next to single-family residential zoning.

“Every city that grows has a housing challenge, it’s not unique to Reno,” Lehmann said. “Now is the moment to act and get it right. I’m talking about quality density, not that nasty density gone wrong in the past that everybody hates. You don’t want to wait until it’s too late and the situation has changed.” At the same time, EDAWN’s Kazmierski admits that growth is a touchy subject. There are people, for example, who like the small-town feel of the Reno that they grew up in. Residents who already have homes also might not be able to relate to the challenges faced by people who are having difficulty finding housing right now. Add politics and the logistical challenges that come with addressing growth and you end up with complicated problems that can’t be solved easily Kazmierski said.

Hanson from the city of Reno agreed. “It’s a balancing act.”