"The government is sending a strong signal that it's time to let us go build this mine," James Calaway, ioneer's executive chairman, told Reuters. "We now have the capital to build a very important facility to supply lithium for the United States."
The loan was in review for more than two years by the department's Advanced Technology Vehicles Manufacturing (ATVM) program office and is conditional on permitting and other factors. The funds would be used to build a lithium carbonate processing facility at the Rhyolite Ridge site near an existing lithium operation run by Albemarle Corp (ALB.N).
News: INR U.S. offers $700 million loan to EV battery material project, page-11
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