S32 1.86% $3.70 south32 limited

Hermosa the monster, page-96

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    Top news, Lion.

    DOE plans to award $166 million to South32 Hermosa in Patagonia, Arizona for the mining of high purity manganese sulfate monohydrate (HPMSM) for electric vehicle battery chemistries. Currently over 96% of HPMSM is made in China.

    The grant is to assist S32 mine for HPMSM, a direct financial contribution to the Clark project. So y'all can scale or scope the grant, it is around 1.5 to 2% of S32's market cap.

    Ash
 
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