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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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SK On secures US$2B for battery business in Europe

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SK On has secured a total of US$2 billion as its investment resource for its European battery business with the aid of Euler Hermes, a trade credit insurance institution of Germany, Korea Trade Insurance Corporation, and the Export-Import Bank of Korea. The three agencies that took part in the financing are all export credit agencies (ECAs).

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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

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FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.

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Allison Transmission makes strategic equity investment in Jing-Jin Electric Technologies

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Along with Allison, FAW Group Corporation of Changchun, Jilin, China, will also participate as a strategic investor in JJE’s IPO, according to the IPO announcement from the Shanghai Stock Exchange. Earlier post.).

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American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

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American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.)

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POSCO accelerates production of lithium in Argentina with early stage 2 investment

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POSCO Holdings has moved up the scheduled investment in the second stage of a lithium production operation in Argentina from next year to now, due to increased demand for lithium amid booming investment in the secondary battery sector resulting from the “Inflation Reduction Act ” in the United States. billion (about KRW 1.5

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DOE offers Ioneer conditional commitment for a loan of up to US$700M for Rhyolite Ridge project

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If finalized, LPO’s loan to the Rhyolite Ridge project would finance the on-site processing of lithium carbonate that could potentially support production of lithium for approximately 370,000 EVs each year. Earlier post.). LPO expects the project to further develop a socially and environmentally responsible US supply chain for lithium.

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