Connect with us

Hi, what are you looking for?

Economy

US Government Funding Update

Jindalee Lithium Limited (Jindalee, the Company) advised that it had lodged applications for non-dilutive grant funding with both the Department of Defense (DoD) and the Department of Energy (DoE) (Battery Manufacturing and Recycling Grant)1.

Application for near-term grant funding from Department of Defense progressing, initial application for longer-term grant funding from Department of Energy unsuccessful

The DoD grant application is designed to provide near-term funding for an accelerated Feasibility Study and associated drilling and testwork at the Company’s McDermitt Lithium Project (currently the largest lithium deposit in the US2), whilst the DoE grant application was for longer-term funding for engineering, procurement, construction and development of a lithium processing facility at McDermitt following completion of the Feasibility Study.

Jindalee has been advised that the current DoE grant application was not successful; however, the DoD grant application remains on foot and the Company is currently preparing additional information to support the application, with any potential award decision expected in the December quarter 2024.

Importantly, the Company continues to remain eligible for funding support from a range of US Government agencies, including the DoE, as the US looks to incentivise domestic production of critical minerals essential for electrifying the nation’s economy.

Authorised for release by the Jindalee Board of Directors.

Click here for the full ASX Release

This post appeared first on investingnews.com

You May Also Like

Editor's Pick

For years the North Korean playbook was obvious to the world. The Democratic People’s Republic of Korea wanted to be the center of attention....

Editor's Pick

Real gross domestic product rose at a revised 3.2 percent annualized rate in the third quarter versus a 0.6 percent rate of decline in...

Editor's Pick

After the final lecture of my Fall 2022 International Economic Policy course (an undergraduate offering meant to introduce non-economics majors to the economics of...

Editor's Pick

On April 23, 1985, the Coca-Cola Company made one of the biggest mistakes in American business history: it changed the formula for Coca-Cola. Outraged...



Disclaimer: impactofincome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 impactofincome.com