https://newsletter.en.creamermedia.com
Construction|Energy|Export|Financial|Gold|PROJECT|Refinery|Resources|Technology
Construction|Energy|Export|Financial|Gold|PROJECT|Refinery|Resources|Technology
construction|energy|export|financial|gold|project|refinery|resources|technology

American Battery Technology receives $900m loan interest for lithium mine project

30th April 2025

By: Reuters

  

Font size: - +

American Battery Technology said on Tuesday it has received a letter of interest from the US Export-Import Bank (EXIM) for $900-million in financing to support the construction of its Nevada-based lithium mine and refinery, sending the critical battery materials company's shares up nearly 20%.

Earlier this month, China imposed export restrictions on rare earth elements, affecting Western supply for energy, defense and electronics production.

In March, U.S. President Donald Trump invoked emergency powers to boost domestic production of critical minerals as part of a broad effort to offset China's near-total control of the sector.

The executive order directed federal agencies, including EXIM, to unlock permitting, funding and offtake agreements for critical minerals, including rare earths.

The same month, EXIM expressed willingness to provide a loan of up to $553-million for Rare Element Resources' rare earths Bear Lodge Project in northeast Wyoming.

"This proposed financial support can greatly accelerate the commercialization of our domestic critical mineral mine and refinery," said American Battery Technology CEO Ryan Melsert.

In 2024, Perpetua Resources had also similarly received a letter of interest from EXIM for a loan of up to $1.8-billion to develop an antimony and gold mine in northern Idaho.

Edited by Reuters

Comments

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 02 May 2025
Magazine round up | 02 May 2025
2nd May 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.13 0.218s - 168pq - 2rq
Subscribe Now