The United States will loan $700 million for a lithium mine in Nevada

The United States will loan $700 million for a lithium mine in Nevada

WASHINGTON (Reuters) – The U.S. Department of Energy said on Friday it will loan Ionair Ltd. up to $700 million to build its Rhyolite Ridge lithium mining project in Nevada, a major step forward in President Joe Biden’s plan. To develop the domestic electric vehicle supply chain. Shares of Ioneer rose 16.3% to $16.30 on …

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