Deals and financing (9)

1. 2025-09-30 · Equity investment · signed

   U.S. Department of Energy → Lithium Americas Corp. · Thacker Pass

   DOE restructured its Thacker Pass loan with Lithium Americas and GM, receiving warrants for 5% of Lithium Americas and 5% of the Lithium Americas/GM joint venture.

   official release

2. 2025-01-20 · Government grant · signed · US$166 m

   U.S. Department of Energy → Element 25 Ltd · Louisiana HPMSM facility

   Element 25 signed a USD 166 million DOE Battery Materials Processing grant for its planned high-purity manganese sulphate plant in Louisiana.

   official release

3. 2025-01-17 · Government loan · completed · US$996 m

   U.S. Department of Energy Loan Programs Office → Ioneer Rhyolite Ridge LLC (ioneer Ltd) · Rhyolite Ridge Lithium-Boron Project

   DOE closed a USD 996 million loan guarantee (USD 968m principal plus capitalised interest) for lithium carbonate processing at Rhyolite Ridge, up USD 268m from the 2023 conditional commitment.

   official release

4. 2025-01-16 · Government grant · completed · US$225 m

   U.S. Department of Energy (Office of Manufacturing and Energy Supply Chains) → SWA Lithium LLC (Standard Lithium / Equinor) · South West Arkansas lithium project Phase 1

   Standard Lithium and Equinor's SWA Lithium closed a USD 225 million DOE grant for Phase 1 of the South West Arkansas brine lithium project.

   official release

5. 2024-12-16 · Government loan · announced · US$754.8 m

   U.S. Department of Energy Loan Programs Office → NOVONIX · Riverside synthetic graphite facility, Chattanooga

   DOE offered a conditional commitment for a direct loan of up to USD 754.8 million to finance a 31,500 t/y synthetic graphite anode material plant in Chattanooga, Tennessee.

   official release

6. 2024-11-07 · Government loan · completed · US$475 m

   U.S. Department of Energy Loan Programs Office → Li-Cycle U.S. Inc. · Rochester Hub battery recycling facility

   DOE closed a USD 475 million loan to Li-Cycle to build a lithium-ion battery resource recovery facility in New York state producing recycled battery materials.

   official release

7. 2024-10-28 · Government loan · completed · US$2,260 m

   U.S. Department of Energy Loan Programs Office → Lithium Nevada Corp. (Lithium Americas) · Thacker Pass

   Lithium Americas and DOE closed a USD 2.26 billion ATVM loan (USD 1.97bn principal plus capitalised interest) to build Phase 1 lithium carbonate processing at Thacker Pass, Nevada.

   official release

8. 2023-11-01 · Government grant · signed · US$100 m

   U.S. Department of Energy → NOVONIX Anode Materials · Riverside synthetic graphite facility, Chattanooga

   NOVONIX finalised a USD 100 million DOE grant to double synthetic graphite anode capacity at its Riverside facility in Chattanooga to 20,000 t/y.

   official release

and 1 earlier deals