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19 Apr
13:27

GRAPHITE: Syrah Resources in line for DOE loan for Louisiana plant expansion

Syrah Resources says a non-binding term sheet has been finalised with the US Department of Energy for a $107 million federal loan for the initial expansion of the company’s Vidalia battery materials plant in Louisiana, Kallanish reports. DOE has given a conditional commitment to fund the Vidalia active anode material (AAM) project that will expand capacity to 11,250 tonnes/year through the DOE’s Advanced Technology Vehicles Manufacturing loan programme…
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