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Syrah Resources gets $107 mln U.S. loan for Louisiana EV battery plant

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Syrah Resources gets 7 mln U.S. loan for Louisiana EV battery plant


April 18 (Reuters) – The U.S. Division of Power is providing $107 million to graphite miner Syrah Resources (SYR.AX) to increase an electrical lorry battery components plant in Louisiana, the very first car loan in greater than one decade from an unique financing program of the division.

Shares of Syrah, which are sold Australia, climbed greater than 14% on Tuesday after the information.

Head Of State Joe Biden has actually established hostile targets for fifty percent of all lorries marketed in the USA to be electric-powered by 2030, an objective that will certainly call for even more residential handling of EV foundation.

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While the unique financing program, referred to as the Advanced Modern Technology Cars Production (ATVM) car loan program, has actually offered to car manufacturers Ford Electric motor Carbon monoxide (F.N) and also Tesla Inc (TSLA.O) in the past, the Syrah car loan would certainly be the very first not straight to a car manufacturer.

“The U.S. is severe concerning onshoring the battery production and also essential products supply chains,” Jigar Shah, head of the Power Division’s Lending Programs Workplace, informed Reuters. He approximated the USA just has concerning 5% of the production ability required to strike Biden’s 2030 target.

The car loan is conditional pending last documents. Syrah stated it anticipates the car loan to nearby June and also funds to be spread by September. U.S. Power Assistant Jennifer Granholm authorized the conditional car loan deal.

Lithium Americas Corp (LAC.TO), ioneer Ltd (INR.AX), Lordstown Motors Corp (RIDE.O) and also Piedmont Lithium Inc (PLL.O) have actually stated they likewise have actually made an application for ATVM lendings.

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Australia-based Syrah strategies to make use of the car loan to aid money the development of a Louisiana plant that will certainly refine graphite extracted from Mozambique right into anodes, the favorably billed electrode of a battery. The center is anticipated to generate sufficient anodes to construct 2.3 million EVs by 2040.

Syrah, which has a bargain to provide anodes to Tesla beginning in 2024, finished a supply offering in February to aid even more money the $176 million task.

Notably for Shah’s workplace, Syrah stated its mine complies with lasting mining methods and also the majority of the mine’s workers are Mozambican, with independent auditors confirming the insurance claims. The Louisiana center is anticipated to produce concerning 150 building tasks and also 98 full time tasks.

“The car loan will certainly enable Syrah to … sustain the swiftly expanding EV and also battery supply chain in the United States,” stated Shaun Verner, Syrah’s handling supervisor.

By Legislative required the ATVM program is not permitted to money building of brand-new mines, however it can money handling centers. Shah’s workplace is examining greater than $2 billion in various other essential mineral car loan applications.

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Shah stated Syrah’s car loan was refined in concerning 5 months since the firm fasted to reply to info demands, though he stated various other car loan applications will certainly take much longer.

“The huge bulk of candidates aren’t prepared,” Shah stated. “We require every one of our concerns solutioned to have the ability to refine a finance.”

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Coverage by Ernest Scheyder; Editing And Enhancing by Barbara Lewis and also Muralikumar Anantharaman

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Our Requirements: The Thomson Reuters Trust Fund Concepts.



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Louisiana Lottery Powerball, Pick 3 results for Oct. 25, 2025

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The Louisiana Lottery offers several draw games for those aiming to win big. Here’s a look at Oct. 25, 2025, results for each game:

Winning Powerball numbers from Oct. 25 drawing

02-12-22-39-67, Powerball: 15, Power Play: 2

Check Powerball payouts and previous drawings here.

Winning Pick 3 numbers from Oct. 25 drawing

9-3-8

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Check Pick 3 payouts and previous drawings here.

Winning Pick 4 numbers from Oct. 25 drawing

3-5-6-6

Check Pick 4 payouts and previous drawings here.

Winning Pick 5 numbers from Oct. 25 drawing

5-9-5-0-5

Check Pick 5 payouts and previous drawings here.

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Winning Easy 5 numbers from Oct. 25 drawing

06-10-16-22-31

Check Easy 5 payouts and previous drawings here.

Winning Lotto numbers from Oct. 25 drawing

16-18-26-34-37-41

Check Lotto payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

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Are you a winner? Here’s how to claim your lottery prize

All Louisiana Lottery retailers will redeem prizes up to $600. For prizes over $600, winners can submit winning tickets through the mail or in person at Louisiana Lottery offices. Prizes of over $5,000 must be claimed at Lottery office.

By mail, follow these instructions:

  1. Sign and complete the information on the back of your winning ticket, ensuring all barcodes are clearly visible (remove all scratch-off material from scratch-off tickets).
  2. Photocopy the front and back of the ticket (except for Powerball and Mega Millions tickets, as photocopies are not accepted for these games).
  3. Complete the Louisiana Lottery Prize Claim Form, including your telephone number and mailing address for prize check processing.
  4. Photocopy your valid driver’s license or current picture identification.

Mail all of the above in a single envelope to:

Louisiana Lottery Headquarters

555 Laurel Street

Baton Rouge, LA 70801

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To submit in person, visit Louisiana Lottery headquarters:

555 Laurel Street, Baton Rouge, LA 70801, (225) 297-2000.

Hours: 8 a.m. to 4:30 p.m., Monday through Friday. This office can cash prizes of any amount.

Check previous winning numbers and payouts at Louisiana Lottery.

When are the Louisiana Lottery drawings held?

  • Powerball: 9:59 p.m. CT Monday, Wednesday and Saturday.
  • Mega Millions: 10 p.m. CT Tuesday and Friday.
  • Pick 3, Pick 4 and Pick 5: Daily at 9:59 p.m. CT.
  • Easy 5: 9:59 p.m. CT Wednesday and Saturday.
  • Lotto: 9:59 p.m. CT Wednesday and Saturday.

This results page was generated automatically using information from TinBu and a template written and reviewed by a Louisiana editor. You can send feedback using this form.



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Louisiana lands a rare earth milestone

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Louisiana lands a rare earth milestone


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The nation’s first U.S. heavy rare earth separation facility is coming to Louisiana.

Louisiana Economic Development officials this morning announced a $277 million investment by Aclara Resources Inc. to build the facility at the Port of Vinton in Calcasieu Parish.

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LED characterizes the deal as one that will “establish Louisiana as a leader in sustainable rare earth production and strengthen the nation’s advanced technology supply chain.” With the new facility comes an anticipated 140 new direct new jobs.

LED Secretary Susan Bourgeois says the investment “underscores the importance of development-ready sites and strong local partnerships that give global companies the confidence to choose Louisiana,” also noting that it reinforces the central role Louisiana plays in energy and defense security.

Bloomberg reports that Aclara, in which the Hochschild Group owns a majority stake, has a $1 billion-plus plan to mine rare earths in Latin America and develop processing facilities.

The Louisiana project comes as President Donald Trump is focused on enhancing critical mineral-supply chains, currently dominated by China. The media outlet reported this morning that the Louisiana plant’s capacity for minerals dysprosium and terbium would represent about 14% of China’s official output.

The new facility will use Aclara’s proprietary sustainable extraction technology to produce the heavy rare earth elements essential for electric vehicles, wind turbines, drones and robotics, which rely on advanced permanent magnets. By processing material from Aclara’s mineral deposits in Brazil and Chile, the Louisiana operation is expected to create a “reliable and sustainable” U.S. supply of these materials, LED says.

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Last month, Aclara secured funding from the U.S. government for a Brazilian mining project.

In a statement, Gov. Jeff Landry said that in choosing Louisiana for its first U.S. facility, “Aclara is recognizing what we already know: Our state is leading the next generation of energy and technology innovation.”

Aclara Resources CEO Ramón Barúa noted in the announcement that Louisiana’s access to key reagents made the location preferable, ensuring operational reliability and lower transportation costs.

“The state’s world-class chemical industry and highly skilled workforce made the decision even more compelling,” Barúa added. “Simply put, Louisiana has everything we were looking for.

Construction is expected to begin in 2026 and be completed in 2027. The facility will be built in phases, beginning with the rare earth separation plant, followed by potential future expansions to support downstream processing and alloy production as part of Aclara’s long-term growth strategy.

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The state incentives package includes LED FastStart workforce development solutions and a $3 million performance-based grant for utility and infrastructure improvements. The company is also expected to participate in the state’s High Impact Jobs and Industrial Tax Exemption program.





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Two Louisiana High School Football Teams Cancel Games Amid Safety Concerns

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Two Louisiana High School Football Teams Cancel Games Amid Safety Concerns


Numbers can be tough in Louisiana’s Class 1A, the smallest football-playing classification. Two schools- Gueydan and Highland Baptist – canceled their games this week, citing the health and well-being of their student-athletes.

Gueydan (0-7) canceled its game against Westminster Christian-Lafayette, which was coming off a 49-14 win over Highland Baptist. Gueydan and Highland Baptist, which share the same mascot (Bears), are both members of District 6-1A. The two schools are scheduled to meet in Week 10.

Highland Baptist was set to face undefeated Ascension Episcopal tonight. The Bears, who have been shutout four times, played Berchmans Academy tough in Week 3 (lost 25-19). Last year, Highland Baptist recorded its one win with a 42-20 defeat of Gueydan.

Gueydan was coming off its closest loss of the season, a 30-20 setback to Trhive Academy. Located in rural western Vermilion Parish, Gueydan has a population of a little more 1,000 residents and is known for its annual duck festival.

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District 6-1A is also home to Vermilion Catholic, which went undefeated in 2024 and won the Division IV select state championship. Vermilion Catholic blanked Highland Baptist 63-0 in Week 5 and is scheduled to host Gueydan next week.

Elsewhere in Class 1A, Oberlin forfeited its Week Six game against Elton, which affected the race for the state’s rushing leader. Elton’s Makelin Lemoine, who is second behind Trevin Simon (Ascension Catholic) has played one less game.

Oberlin (2-4) resumed play last week with a 51-48 win over Merryville. The Tigers from Allen Parish have 120 students. Gueydan has an enrollment of 125; Highland Baptist 134. Undefeated Hamiton Christian of Lake Charles has only 87 students.

By comparison, the largest non-football playing school in Class B (Choudrant) has 213 students.

The future should be brighter for Highland Baptist located in New Iberia, a city of approximately 30,000. The Bears have only a couple of seniors with six juniors and 13 sophomores. In 2021, the Bears finished 5-5 under retired coach Rick Hutson. Hopefully, both the Gueydan and Highland Baptist programs can return to action soon.

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To get live updates on your phone — as well as follow your favorite teams and top games — you can download the SBLive Sports app: Download iPhone App | Download Android App



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