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Ioneer secures $996M loan to build Nevada plant for lithium needed in 370K EVs yearly.
Ioneer Limited secured a $996 million loan from the U.S. Department of Energy to develop a lithium-boron processing plant in Nevada.
This project aims to boost the U.S.'s lithium supply, capable of producing enough lithium for 370,000 electric vehicles annually.
The loan supports the nation's critical mineral production and will create hundreds of jobs.
The facility will also recycle half of its water and operate independently from the grid.
3 months ago
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