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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

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The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

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Syrah Resources signs binding offtake agreement with Tesla for natural graphite active anode material

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Vidalia battery anode material project site. Syrah said that the agreement provides a compelling foundation to proceed with the initial expansion of Vidalia’s production capacity; Syrah plans to make a final investment decision for construction of this expanded facility in January 2022, subject to financing commitments.

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DOE closes $102.1M loan to Syrah Technologies to expand production of graphite-based active anode material

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million loan to Australia-based Syrah Technologies LLC for the expansion of its Syrah Vidalia Facility in Louisiana—a processing facility that produces graphite-based active anode material (AAM), a critical material used in lithium-ion batteries for electric vehicles (EVs) and other clean energy technologies. Earlier post.).

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

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billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. The US Department of Energy (DOE) is awarding a combined $2.8 Earlier post.) Of that, $1.6 Materials Separation & Processing (Cathode Minerals).

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Tesla supplier sheds light on graphite supply challenge for EV battery manufacturers [Editorial]

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Graphite is an essential part of a lithium-ion battery. There are many challenges that EV battery manufacturers might face in the graphite market as electric vehicle demand continues to rise. Graphite is often an overlooked essential mineral when people think of EV batteries.

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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

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The Democratic Republic of the Congo (DRC) can leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials, according to a new study on a unified African supply chain by BloombergNEF (BNEF). Source: BNEF.

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