Remove Financing Remove Legal Remove Resource Remove Supplies
article thumbnail

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

Green Car Congress

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.

article thumbnail

Euro Manganese enters offtake term sheet with battery-maker Verkor

Green Car Congress

The Chvaletice resource is the only sizeable, classified resource of manganese in the European Union. The commencement of the initial term shall be subject to successful qualification of the Company’s HPMSM from the Chvaletice Demonstration Plant in Verkor’s supply chain.

article thumbnail

Li-Cycle receives conditional commitment for $375M loan from DOE ATVM program

Green Car Congress

The conditional commitment follows DOE technical, market, financial and legal due diligence and marks another significant milestone endorsing Li-Cycle’s development of the first commercial hydrometallurgical resource recovery facility in North America, located near Rochester, New York. Li-Cycle Holdings Corp.

Li-ion 199
article thumbnail

Daimler takes minority stake in Sila Nanotechnologies; next-generation lithium-ion battery materials

Green Car Congress

The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler. With the latest round of financing secured, Sila Nano has begun ramping up production volume and plans to supply its first commercial customers in consumer electronics within the next year.

article thumbnail

Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. This will require increased involvement by government, trade industry organizations and supply chain experts. Laura Marcero.

Grant 150
article thumbnail

Tata AutoComp’s ‘Make in India’ push for EVs | Autocar Professional

Baua Electric

Tesla was rapidly expanding its reach and portfolio, and the Volkswagen Group — hurt from the ‘diesel gate’ scandal — had committed huge resources to pivot to electric cars. They have leveraged this relationship to supply seating systems to the railways, which is why the Vande Bharat range of trains have seats from Tata AutoComp.

India 52
article thumbnail

Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

Green Car Congress

Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. It’s been said that the United States is the Saudi Arabia of coal—and that’s because, as I said, it’s one of our most abundant energy resources.

Obama 218