MNS 0.00% 4.2¢ magnis energy technologies ltd

DOE first loan in Graphite Industry

  1. 67 Posts.
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    Morning all,

    Not taking away from the excellent ASX release this morning of the derisking of our IM3NY factory, but just wondering if anyone has had a chance to digest this other interesting news today - https://www.copyright link/companies/mining/joe-biden-backs-australian-graphite-miner-syrah-20220418-p5ae5s

    Biden has now issued it's first loan of $107 million USD in the graphite industry to fellow Australian company Syrah Resources. This is for their graphite mine in Louisiana and shows that they are serious in securing their future renewable in the energy sector.

    Exciting news for the sector and congratulations to SYR. Let's hope we are next on the funding line to expand our factory!

    IMHO DYOR always
 
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