Under the terms of the current JV agreement, IAMGOLD has the option to acquire an additional 5% interest for 80% by delivering a feasibility study on the Nelligan project.
The Biden administration has unveiled plans to exclude Chinese entities from receiving any of the generous tax credits available for investing in the US EV supply chain.
The automaker joins PT Vale Indonesia and Zhejiang Huayou Cobalt as investors in a project to make an annual 120,000 tons of nickel chemicals for EV batteries.
