ioneer Secures $996M Lithium Loan
This is a Rhyolite Ridge news story, published by MSN, that relates primarily to The U.S. Department of Energy news.
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lithium processing facilityReuters
•Biden boosts loan for ioneer's Nevada lithium mine to nearly $1 billion
79% Informative
The U.S. Department of Energy has finalized a $996 million loan for ioneer's Rhyolite Ridge lithium project.
Funds will be used to build a lithium processing facility in rural Nevada that will supply Ford and other EV manufacturers by 2028 .
The increased funding was due to post-pandemic inflation and new geological studies.
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