South32 Ltd. (AU:S32) has released an update.
South32 Ltd has announced that its Hermosa project in Arizona will potentially receive a $166 million grant from the U.S. Department of Energy to support the development of a commercial-scale facility to produce battery-grade manganese. This initiative is set to fortify the North American electric vehicle battery supply chain, with construction of a decline for bulk sampling and exploration already in progress, backed by an additional $20 million grant from the Department of Defense. The company is advancing discussions with potential customers for future supply, reinforcing its commitment to commodities essential for a low-carbon future.
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