€500m European battery raw materials...

€500m European battery raw materials fund
https://www.innoenergy.com/news-events/eit-innoenergy-and-demeter-launch-e500m-european-battery-raw-materials-fund/"With a target size of €500 million, the ‘EBA Strategic Battery Materials Fund’ (EBA Materials Fund or the “Fund”) builds upon the success of the European Battery Alliance (EBA250) in its mission to create a resilient European battery industry."

"The fund is launched amidst soaring European demand for batteries which is exposing significant gaps in the upstream (mining, processing) of the EU’s battery material supply chain."

"In line with the EU’s Critical Raw Materials Act (CRMA) requirements to decrease the EU’s overreliance on foreign supply, the fund aims to boost domestic capacities for strategic battery materials such as lithium, nickel, cobalt, manganese, and graphite."

"At least 70% of investments from the EBA Materials Fund will be dedicated to projects increasing EU domestic production from mining, processing, refining and recycling in EU and neighbouring countries."


2) EIT InnoEnergy: World’s first zero carbon lithium extraction project to start in Germany
https://eit.europa.eu/news-events/news/eit-innoenergy-worlds-first-zero-carbon-lithium-extraction-project-start-germany
"In addition to direct financial support in the six figure range, EIT InnoEnergy will be assisting Vulcan in raising further capital, helping to establish connections to companies in Europe’s battery supply chain as well as relevant political actors, and assisting them in building their management team and selecting qualified employees through its vital growth phase."