Syrah Resources (SYR) $1.795

SYR +14.33%: received initial approval for a $US107m loan from the US Dept. of Energy (DOE) helping shares jump today. The battery minerals company has received the conditional commitment to help build the expansion phase of Vidalia active anode material facility in Louisiana, inputs to batteries and electric vehicles,  with the US Government looking to support the supply of critical minerals in the country. Once the loan is approved, the initial expansion of the project will be fully funded with the remaining capital requirements coming from a raise completed earlier in the year.

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Syrah Resources (SYR)

LAST UPDATED 19/04/2022 16:44

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Syrah Resources (SYR)

LAST UPDATED 19/04/2022 16:44