NewStream Energy Technologies Group Inc (NSGP)

[White Coal]

-Trump does U-turn on DOE loans for clean energy-

The Trump administration is opening over $42 billion in loans from the Department of Energy for projects that boost the nation's supply of key clean energy minerals, despite the president's repeated attempts to eliminate funding for the program.

In new guidance published yesterday, the Energy Department's Loan Programs Office (LPO) encouraged companies to seek loans for the production, processing and recycling of "critical minerals" that are central to electric vehicles, renewable energy, advanced nuclear, hydrogen fuel cells and carbon capture, among others.

Those thirty-five minerals, deemed critical for national security by the Interior Department, are largely sourced from Chinese suppliers. DOE's loan guarantees could support the recovery of lithium from geothermal brines for use in EV batteries, refining uranium for use in advanced nuclear technologies or recovering rare earth minerals from coal byproducts, for example.

https://www.eenews.net/stories/1063719657