Pure Lithium secures $300 million LOI from Exim for its lithium battery facility
Pure Lithium has announced the receipt of interest (LOI) from the US Bank of Export and Import (EXIM) for its first $300 million debt financing package for its industrial-scale lithium-metal vanadium battery manufacturing facility.
The financing package with a 12-year repayment period is offered under Exim’s More in America Iniciative, which supports US manufacturing and exports.
Exim will undertake thorough due diligence when receiving a funding application from pure lithium to determine the viability of the final commitment.
The final agreement is subject to fulfillment of Exim’s underwriting criteria, approval process and all conditions.
Emily Bodoin, founder and CEO of Pure Lithium, said: “This project will have a great impact on US manufacturing in key sectors of energy storage. From disruptive brine to battery technology, from material procurement to finished product production, it will enable the creation of the first fully US-based battery supply chain.
“Domestic battery production is essential to US energy and national security. Furthermore, this will make the US competitiveness more competitive worldwide, in line with Exim’s objectives.”
Potential transactions may be subject to special considerations under Section 402 of Exim’s 2019 Reauthorization.
The directive encourages Exim to counter competitive pressures from the People’s Republic of China and other countries and to promote US leadership in key transformative export areas.
The China and Transformational Exports Program (CTEP) is a strategic Exim program designed to support US exporters competing with Chinese companies and assert US leadership in emerging technologies.
CTEP offers perks such as reduced fees for projects with the majority of content, longer repayment terms and customized policies.
March 2025, pure lithium Secured funds from the U.S. Department of Energy’s Vehicle Technology Office Create a closed-loop domestic supply chain for lithium metal anodes.
“Pure Lithium Secures a $300 million LOI from Lithium Battery Facility Exim” was originally created and published Mining Technologya brand owned by GlobalData.
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