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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Performance update for March, stocks that drove returns & our current positioning
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Tuesday 23rd April – ASX200 +26pts, Northern Star (NST), Chrysos (C79), Brambles (BXB)
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Market Matters Research Lead Shawn Hickman with David Koch
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Tuesday 23rd April – DOW up +253pts, SPI up +19pts
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