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Nevada lithium mine gets conditional $700M government loan
"Jigar Shah, Director of DOE's Loans Programs Office, said his office is 'excited to further develop an environmentally responsible U.S. supply chain for critical materials...Rhyolite Ridge is a major step towards bolstering domestic lithium production for clean energy technologies,' he said."
In case you missed it, catch up on some of the coverage of LPO's announcement of a conditional commitment to lend up to $700 million to Ioneer Rhyolite Ridge LLC to finance the construction of a new lithium carbonate processing facility at Rhyolite Ridge in Esmeralda County, Nevada, aimed at boosting America's domestic EV battery supply chain:
• ABC News / Associated Press: "Nevada lithium mine gets $700M conditional loan from Energy" https://lnkd.in/gmsdWgRt
• Reuters: "U.S. to lend ioneer $700 million for Nevada lithium mine" https://lnkd.in/gT4xTKFz
• Bloomberg: "Biden Backs Nevada Lithium Mine With $700 Million Loan Offer" https://lnkd.in/gvpagpaD
• CNBC: "Lithium company Ioneer scores $700 million conditional loan from Energy Department for Nevada plant" https://lnkd.in/gaJQ9pFp
• Mining Weekly: "US Energy Dept offers ioneer up to $700m loan for Rhyolite Ridge project" https://lnkd.in/gtnnUuzS
• UPI: "U.S. miner Ioneer gets federal loan to pursue lithium" https://lnkd.in/gUsKn8w7
• KOLO-TV: "Department of Energy awards $700 million loan to Ioneer for EV battery development" https://lnkd.in/gUttf4N6
LEARN MORE:
• LPO's Critical Materials tech sector page: https://lnkd.in/gWVCMZGs
• DOE Comprehensive Strategy to Secure America’s Clean Energy Supply Chain: https://lnkd.in/g8cSaVFd
• White House Statement on Securing a Made in America Supply Chain for Critical Minerals: https://lnkd.in/giAbCkNy
• More about the ATVM program and Advanced Transportation project financing available through LPO programs: https://lnkd.in/gHzbCi7z
Reposted to Energy Central from: https://www.linkedin.com/company/doe-loan-programs-office/
Nevada lithium mine gets conditional $700M government loan
The U.S. Department of Energy says it plans to loan $700 million to an Australian mining company to pursue a proposed lithium project in Nevada
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