The U.S. Department of Energy says it plans to loan $700 million to an Australian mining company to pursue a proposed lithium project in Nevada
FILE - This photo provided by the Center for Biological Diversity shows seven cows seen within subpopulation 1 of Tiehm's buckwheat at Rhyolite Ridge in the Silver Peak Range of Esmeralda County, Nev., on Jan. 3, 2023. The U.S. Department of Energy on Friday, Jan. 13, announced a conditional loan of $700 million to an Australian mining company to pursue a proposed lithium project in Nevada, as the U.S. seeks domestic supplies for a key component in electric vehicle batteries. RENO, Nev.
Jigar Shah, director of DOE's Loans Programs Office, said his office is “excited to further develop an environmentally responsible U.S. supply chain for critical materials.” But the project still faces a significant hurdle in developing a mining operations plan that will provide adequate protection for theThe U.S. Fish and Wildlife Service said in declaring it endangered last year that it is on the brink of extinction and the mining project posed the single biggest threat to its survival.
“Ioneer is going to have to completely overhaul the design of this mine if they expect to pass through permitting,” he said in an email to The Associated Press.
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