Australia-based ioneer Ltd said on Monday its application for a U.S. government loan has advanced to the penultimate stage of review, bringing the company closer to full funding for its Nevada lithium mine project to supply the electric vehicle industry.
The company said the U.S. Department of Energy found that its application for funding through the Advanced Technology Vehicles Manufacturing (ATVM) loan program is "substantially complete" and can move to the third of four stages. A final decision is expected within six months.
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