$700 Million Lithium loan

Loan News By Aman jain 16.1.2023

U.S. Department of Energy announced a $700 million loan guarantee to Nevada Lithium Mine

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An Australian mining company will handle this project and may hire as many as 300 people.

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An unusual mix of federal, state, and local government agencies have been involved in the development of the project.

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This is one of the largest federal loan guarantees in recent history.

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It is a controversial project because of the federal government's role.

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The project is in the process of raising money to build the mine.

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