Aspiring Materials lands US$9.71M grant for Southland critical minerals plant
What's the deal? New Zealand cleantech company Aspiring Materials has secured a US$9.71M grant from the Regional Infrastructure Fund to help build a US$20.1M commercial-scale critical minerals plant in Southland.
What's next? The Christchurch-based company extracts critical minerals from olivine rock and quarry waste. The plant is expected to create about 200 full-time jobs.
Why now? The grant reflects New Zealand's focus on building domestic critical-minerals supply chains and supporting regional development.
Read more: NBR
Image credit: Aspiring Materials
