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By Ernest Scheyder and David Shepardson
WASHINGTON (Reuters) -The U.S. Energy Department said on Friday it will lend ioneer 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 a domestic electric vehicle supply chain.
Ioneer shares were up 16.3% at $16.30 on Friday afternoon in New York.
The loan, which was approved by Energy Secretary Jennifer Granholm, would be the first by Washington to a U.S. mi...
>>> Read more: U.S. to lend ioneer $700 million for Nevada lithium mine
WASHINGTON (Reuters) -The U.S. Energy Department said on Friday it will lend ioneer 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 a domestic electric vehicle supply chain.
Ioneer shares were up 16.3% at $16.30 on Friday afternoon in New York.
The loan, which was approved by Energy Secretary Jennifer Granholm, would be the first by Washington to a U.S. mi...
>>> Read more: U.S. to lend ioneer $700 million for Nevada lithium mine
