The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

US Government Funding Update

by admin September 23, 2024
September 23, 2024
US Government Funding Update

Jindalee Lithium Limited (Jindalee, the Company) advised that it had lodged applications for non-dilutive grant funding with both the Department of Defense (DoD) and the Department of Energy (DoE) (Battery Manufacturing and Recycling Grant)1.

Application for near-term grant funding from Department of Defense progressing, initial application for longer-term grant funding from Department of Energy unsuccessful

The DoD grant application is designed to provide near-term funding for an accelerated Feasibility Study and associated drilling and testwork at the Company’s McDermitt Lithium Project (currently the largest lithium deposit in the US2), whilst the DoE grant application was for longer-term funding for engineering, procurement, construction and development of a lithium processing facility at McDermitt following completion of the Feasibility Study.

Jindalee has been advised that the current DoE grant application was not successful; however, the DoD grant application remains on foot and the Company is currently preparing additional information to support the application, with any potential award decision expected in the December quarter 2024.

Importantly, the Company continues to remain eligible for funding support from a range of US Government agencies, including the DoE, as the US looks to incentivise domestic production of critical minerals essential for electrifying the nation’s economy.

Authorised for release by the Jindalee Board of Directors.

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Nordic Nickel Limited (ASX: NNL) – Trading Halt
next post
Continued Excellent Results from Jasper Hills with Initial Fish Deposit Assays up to 45 g/t Gold

Related Posts

Walker Lane Resources Announces Terms for Private Placement...

June 10, 2025

Potash Fertilizers: What’s the Difference Between SOP and...

November 9, 2023

Juggernaut Further Increases Oversubscribed Financing to $9,557,000 due...

April 26, 2025

Odienné Results Confirm Mineralised Structures, Extend Targets and...

August 20, 2024

Helium Evolution Confirms Additional Drilling of Up to...

April 3, 2024

Top 10 Copper-producing Companies (Updated 2023)

November 18, 2023

NeoTerrex Samples 9.21% TREO at Mount Discovery

February 8, 2024

In Response to Surging Prices, Supportive Government Policies,...

December 22, 2023

TNC Identifies Broad Zones of Surface Copper Mineralisation...

September 5, 2024

John Feneck: Gold, Silver, Copper, Uranium — 10...

May 18, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,484)
    • Investing (3,794)
    • Politics (5,086)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved