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US EV Battery Supply Chain: Talon Metals Commends President Biden for Designating Nickel & Battery Materials for Defense Production Act Support
President Biden's Action Provides New Support and Exceptional Tools to Support Domestic Produc...
About this update from Talon Metals Corp.
[{"type":"text","content":"US EV Battery Supply Chain: Talon Metals Commends President Biden for Designating Nickel & Battery Materials for Defense Production Act SupportPresident Biden's Action Provides New Support and Exceptional Tools to Support Domestic Production of Nickel and Other Vital Battery MaterialsTamarack, Minnesota--(Newsfile Corp. - March 31, 2022) - Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) (\"Talon\" or the \"Company\"), the majority owner and operator of the Tamarack Nickel-Copper-Cobalt Project (\"Tamarack Nickel Project\") in central Minnesota, commends President Biden for adding battery materials including nickel, cobalt and lithium to the extraordinary support available under the Defense Production Act (DPA) Title III program. The DPA Title III program provides authority for the Administration to use a variety of tools to support domestic production: funding for particular aspects of project development, funding for infrastructure or equipment, and the ability to commit to offtake contracts are just some of the tools that become available once added to the list of national priority industries. The President's action today builds on bipartisan support for adding battery materials to the DPA authorities led by Senators Manchin, Murkowski, Cassidy and Risch (Senators Murkowski, Manchin, Risch and Cassidy Urge Administration to Meet Domestic Mineral Demand, Address Supply Chain Crisis (senate.gov)). Nickel and the other battery materials join rare earths as the only Critical Minerals eligible for DPA Title III support.Henri van Rooyen, CEO of Talon said: \"President Biden's action today makes clear that there is a bipartisan consensus that the battery material supply chain, from mine to recycling, is a national priority.\" Van Rooyen continued: \"Building on the funding for EV battery material processing and recycling that Congress included in the Bipartisan Infrastructure Bill, this action opens significant support for mining operations, in addition to down-stream processing and battery recycling. Combined with other government programs like the Critical Minerals Institute (CMI) at the Department of Energy, technology and innovation funding from ARPA-e and the work of the U.S. Geological Survey, we are now seeing an urgent 'whole of government' approach to addressing both the current U.S. dependence on Russia and China for batter...