Ok, I would imagine that JLL now has a very good chance of getting US gov't agency funding.
Reminder that they have applied for grants from the US Dep't of Defense and Dep't of Energy and it is the DOE that they have just now announced a research partnership.
from previous announcements:
Jindalee advises that the Company has lodged applications for non-dilutive grant funding with both theDepartment of Defense (DoD) and the Department of Energy (DoE) (Battery Manufacturing and RecyclingGrant)
If successful, the DoD grant application is expected to co-fund an accelerated Feasibility Study and associateddrilling and testwork, whilst the DoE grant application is designed to potentially co-fund the engineering,procurement, construction and development of a lithium processing facility at McDermitt.Both grant applications have passed initial reviews by the agencies. The DoE grant application wasaccompanied by letters of support from Oregon and Nevada politicians and agencies, as well as potentialProject partners.The Company expects to provide updates regarding the status of applications and any potential awarddecision in the second half of 2024.
JLL Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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