Syrah Resources Limited

ASX:SYR

Syrah Resources Limited

ASX:SYR
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$0.225 (-2.2%)
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#610
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1
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6
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Quiltman
Company Report
Last edited 2 years ago
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#Bull Case
stale
Quiltman
Last edited 2 years ago
View author's company report

Both SYR and NVX have been major recipients of DOE grants overnight.

For SYR , a $220M USD grant , and I expect commercial news from a tier 1 auto company to help facilitate the matching $220M USD. Allows SYR to progress stage 3 processing plant in the USA to produce 45,000tpa AAM., up from 11,250tpa.

A gamechanger.

Details of all grants can be read here :

https://www.energy.gov/sites/default/files/2022-10/DOE%20BIL%20Battery%20FOA-2678%20Selectee%20Fact%20Sheets%20-%201_2.pdf