Energy Department conditionally approves $2.26 billion loan for huge lithium mine in Nevada

Energy Department grants $2.26B loan for Nevada lithium project

Lithium Americas has received conditional approval for a multi-billion-dollar loan from the U.S. Department of Energy to help fund a massive development project in Nevada.

Energy Department conditionally approves $2.26 billion loan for huge lithium mine in Nevada

The money will help Canadian-based Lithium Americas cover construction costs of a processing facility at its giant mine in the works in northern Nevada near the Oregon line.

Energy Department conditionally approves $2.26 billion loan for huge lithium mine in Nevada

By SCOTT SONNER Associated Press RENO, Nev. (AP) — President Joe Biden’s administration has agreed to provide a $2.26 billion conditional loan for a huge lithium mine in Nevada. The money will help Canadian-based Lithium Americas cover construction costs of a processing facility at its giant mine in the works in northern Nevada near the Oregon line. The U.S. Energy Department said Thursday the conditional commitment to the loan will help finance…

Energy Department conditionally approves $2.26 billion loan for huge lithium mine in Nevada

By SCOTT SONNER Associated Press RENO, Nev. (AP) — President Joe Biden’s administration has agreed to provide a $2.26 billion conditional loan for a huge lithium mine in Nevada. The money will help Canadian-based Lithium Americas cover construction costs of a processing facility at its giant mine in the works in northern Nevada near the Oregon line. The U.S. Energy Department said Thursday the conditional commitment to the loan will help finance…

Mine with largest lithium reserves in North America gets $2.3B loan to spark auto batteries

The mine is about 60 miles northwest of Winnemucca in northern Nevada. The funding would be the largest ever to a mining company from the Energy Department's Loan Programs Office.

U.S. to Back Nevada Lithium Project With $2.26 Billion Loan

Lithium Americas Corp has received a conditional commitment for a $2.26-billion loan from the U.S. Department of Energy to help it build lithium processing facilities in Nevada, as the Biden Administration looks to support America-produced lithium and reduce dependence on Chinese supply.   Lithium Americas’ Thacker Pass project in Humboldt County, Nevada, is located next to a mine site that contains the largest-proven lithium reserves in North A…