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Pure Lithium secures $300m LOI from EXIM for lithium battery facility

GlobalData
Summary
Nutrition label

77% Informative

Pure Lithium has received a letter of interest from the Export-Import Bank of the United States for a $ 300 m debt funding package for the company’s first industrial-scale lithium metal vanadium battery manufacturing facility.

The funding package with a 12-year repayment term will be provided under EXIM 's Make More in America initiative, which supports US manufacturing and exports.

VR Score

70

Informative language

66

Neutral language

56

Article tone

formal

Language

English

Language complexity

74

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

Source diversity

1

Affiliate links

no affiliate links

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