Monday it received a conditional commitment from the U.S. governing body as part of its Advanced Technology Vehicles Manufacturing program. The facility will produce recycled battery-grade lithium and is expected to be the first of its kind in North America.
When running at full capacity, the release said the facility could produce up to 8,500 tonnes of lithium carbonate, 48,000 tonnes of nickel sulphate and 7,500 tonnes of cobalt sulphate each year. The loan will have a term of up to 12 years and certain conditions will need to be met before closing, which the release said is expected to occur in the second quarter of this year.
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