Why it matters
If the project proceeds, it could expand U.S. production of a material used in batteries. The announcement does not specify the expected effects on jobs, output or supply costs.
ECONOMY • UNITED STATES
Defense Department office commits up to $250 million conditionally to 6K Inc.
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BLUF
The Office of Strategic Capital announced a $250 million conditional loan commitment to help 6K Inc. expand production of battery cathode material in Jackson, Tennessee. The commitment is conditional; the announcement does not establish that the funds have been disbursed.
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