Syrah Resources receives $107 million loan from DOE to fund Vidalia graphite anode project
2022-04-19 14:25:59 [Print]
Australia-based Syrah Resources Limited announced on April 19 that it received a conditional commitment from the US Department of Energy (DOE) for a $107 million loan to fund the initial expansion of its Vidalia active anode material ("AAM") facility in Louisiana to 11.25ktpa AAM production capacity.
The proposed loan is to be made under DOE's Advanced Technology Vehicles Manufacturing ("ATVM") loan program in support of the Biden Administration's critical minerals strategy.
The proposed loan is to be made under DOE's Advanced Technology Vehicles Manufacturing ("ATVM") loan program in support of the Biden Administration's critical minerals strategy.
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