Liontown Resources will construct the Kathleen Valley lithium mine using a loan from the Ford Motor Company.
Liontown Resources, a lithium mining company with Ford Motor Company loan is developing the Kathleen Valley lithium mine in Nevada.
This project is expected to create 1,000 jobs and provide $50 million in tax revenue for Northern Nevada.
Background on Liontown and Ford: Liontown is a mining company that has been in business for over 100 years, while Ford is a well-known automaker.
The Loan: The loan from Ford is for $5 million and will be used to develop the Kathleen Valley lithium mine.
Lithium: Lithium is a metal that is used in a variety of applications, including batteries, pharmaceuticals, and ceramics.
The Mine: The Kathleen Valley lithium mine is expected to have a production capacity of 3,000 tonnes per year.
This mine will be located in the southern end of the Great Basin and is expected to create 1,000 jobs.
This development is good news for the Kathleen Valley area, and should help to create a better future for the local population.
The lithium mine will be a major economic benefit, and will support the nearby communities of Mary Kathleen and Marysville.