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The US government is considering whether to provide a loan of up to $550 million to help developing a nickel and cobalt mine in Brazil’s Northeast.

Brazilian Nickel Ltd. has received a letter from the US International Development Finance Corporation expressing its interest in backing the Piauí Nickel Project. The company expects to convert the letter of interest into a committed financing facility in early 2025. The amount represents almost 40% of the project’s overall financing package, it said in a statement.

Read more at: https://www.bloomberg.com/news/articles/2024-12-09/us-mulls-backing-brazilian-nickel-plant-with-up-to-550-million?utm_source=google&utm_medium=bd&cmpId=google