{"id":25552,"date":"2022-09-20T13:52:11","date_gmt":"2022-09-20T12:52:11","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=25552"},"modified":"2022-09-20T13:52:11","modified_gmt":"2022-09-20T12:52:11","slug":"australian-government-grants-50m-for-critical-minerals-projects","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/australian-government-grants-50m-for-critical-minerals-projects\/25552\/","title":{"rendered":"Australian Government grants $50m for critical minerals projects"},"content":{"rendered":"

The Australian Government has approved a series of grants to aid development of the critical minerals <\/a>industry. They are part of the government\u2019s efforts to achieve net zero.<\/h2>\n

The grants amount to 50m Australian dollars. Resources and Northern Australia Minister, Madeleine King, said the funding will unlock the potential of Australia\u2019s critical mineral sector.<\/p>\n

Recipients of the grants include EQ Resources<\/a>, who are reactivating open pit mining and Lava Blue<\/a>, which is developing modular re-processing technology to recover critical minerals from mine waste.<\/p>\n

Other recipients are: Alpha HPA Ltd, Cobalt Blue Holdings, Global Advanced Metals and Mineral Commodities.<\/p>\n

What does the funding mean for the future of Australia\u2019s critical minerals industry?<\/h3>\n

The projects will encourage development across Northern Australia, generate new jobs and promote regional economic growth.<\/p>\n

King said: \u201cAustralia has the potential to become a major global supplier of critical minerals and rare earths, which will be essential to help Australia and the world transition to low-emissions technology and achieve net zero emissions by 2050.<\/p>\n

\u201cThe grants will accelerate early and mid-stage projects, driving new investment in our processing and manufacturing capabilities as we develop our critical minerals sector.<\/p>\n

\u201cAustralia has vast reserves of critical minerals which are crucial to batteries and electric vehicles, as well as the medical equipment production, defence, aerospace, automotive and agritech industries.<\/p>\n

\u201cThese junior projects, should they be successful in scaling up to full production, will help diversify global critical minerals supply chains.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

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