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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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Tesla turns to Mozambique mine to acquire graphite for its EV batteries: report

Teslarati

A recently shared report has indicated that Tesla is looking to source some key battery materials such as graphite from locations outside China. Among these is reportedly one of the world’s largest graphite mines in Balama, Mozambique, which is operated by Australia’s Syrah Resources. .

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

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Australia-based Syrah Resources Limited signed a binding offtake agreement with Tesla to supply natural graphite Active Anode Material (AAM) from its vertically integrated AAM production facility in Vidalia, Louisiana. Vidalia battery anode material project site. Balama mine operation in Mozambique.

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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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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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Tesla agrees to purchase majority of battery-ready graphite from US facility

Teslarati

Tesla will be purchasing most of the battery-ready graphite that would be produced at a planned facility in Louisiana. Syrah’s Vidalia plant is expected to process graphite from Mozambique , effectively making it the first US-based source of graphite anodes. Don’t hesitate to contact us with news tips.

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Tesla graphite supplier gets $107M loan offer from Biden Administration

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Syrah plans to use the loan to expand its plant in Vidalia, Louisiana, which produces Active Anode Material (AAM) for electric vehicle batteries. The $107 million provided by the DOE will cover the expenses for the initial expansion of the Louisiana facility. The company transports graphite concentrate from Balama, Mozambique.

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