Federal officials approved a new lithium-boron mine in Nevada on Thursday, moving forward with President Joe Biden’s plans to produce enough lithium to power electric vehicles.
The Rhyolite Ridge project, led by Australia-based Ioneer Ltd., is expected to supply enough lithium to power 370,000 electric vehicles annually.
Biden administration officials said on Thursday in Reno that Ioneer’s mine will help expedite the production of lithium, a key mineral used in the manufacture of batteries for electric vehicles, which is at the center of the administration’s push to cut greenhouse gas emissions.
The mine, located in the Silver Peak Range, is also projected to create 500 construction jobs and 350 high-paying operational positions, providing an economic boon to rural Esmeralda County, according to the company….