Lithium company Ioneer scores $700 million conditional loan from Energy Department for Nevada plant
Publishing timestamp: 2023-01-13 14:03:22
Summary
Ioneer, a lithium company, has secured a conditional loan of up to $700 million from the Department of Energy to develop a lithium site in Nevada. The loan is conditional and requires that Ioneer secure necessary permits. The project is a joint venture with miner Sibanye-Stillwater and has been delayed by years of permitting hurdles. Other lithium companies have also announced new or expanded U.S. plants due to the Inflation Reduction Act.
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