DOE Eyes Historic $1 Billion Loan To Kickstart U.S. Lithium Boom ...Middle East

OILPRICE - Economy
DOE Eyes Historic $1 Billion Loan To Kickstart U.S. Lithium Boom
source : OILPRICE ( Middle East ) () 61
The North American lithium industry is likely about to get a $1 billion injection. The United States Department of Energy (DOE) is currently in talks with Canadian mining company Lithium Americas over a massive round of funding for its Nevada project. If the deal – the terms of which are currently being finalized – is inked, it would fund over half and as much as 75% of construction costs for the massive Thacker Pass project, thereby kickstarting the United States’ lithium era in earnest.  The historic loan would be the single-biggest…

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