White & Case Advises Syrah Resources on the First Advanced Technology Vehicles Manufacturing Loan With the US Department of Energy in More Than a Decade

White & Case Advises Syrah Resources on the First Advanced Technology Vehicles Manufacturing Loan With the US Department of Energy in More Than a Decade

Global law firm White & Case LLP has advised Syrah Resources on its US$102 million loan with the US Department of Energy, the first Advanced Technology Vehicles Manufacturing loan in more than a decade.

The loan proceeds will fund the initial expansion of Syrah Resources' Vidalia active anode material facility in Louisiana, which is the only vertically integrated, large-scale active anode material (AAM) supplier outside of China, and the first of its kind in the United States. The expansion project will provide a domestic, environmentally responsible and cost competitive supply chain for this critical mineral to accelerate the deployment of batteries to power electric vehicles in the United States.

Syrah Resources is an industrial minerals and technology company headquartered in Australia, with the Balama Graphite Operation in Mozambique (a globally significant natural graphite operation) and constructing the Vidalia initial expansion project in Louisiana, United States.

This mandate adds to the White & Case global Mining & Metals team's substantial credentials at the forefront of advising sponsors, investors and financiers in respect of all aspects of the electric vehicle supply chain.

The White & Case team was led by partners Oliver Wright (New York) and John Tivey (Melbourne). The team also included partners Candice Ota (Melbourne) and Ryan Hopkins (Houston), counsel Suzanne Perry (Washington, DC) and Ketan Pastakia (New York) and associates Xuefeng Wu and Tom Robinson (both in New York). International law clerk Adam Conwell (New York) also assisted the team on this transaction.

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