BOSTON — Pure Lithium Corporation, a Boston-based battery technology company, has received a Letter of Interest from the Export-Import Bank of the United States (EXIM) for up to $300 million in debt financing to support the construction of its first large-scale lithium metal battery manufacturing facility. The planned facility will produce lithium metal vanadium batteries, advancing domestic energy storage capabilities and strengthening the U.S. battery supply chain.
The potential funding, offered under EXIM’s Make More in America initiative (MMIA), comes with a proposed 12-year repayment term and is designed to bolster U.S. manufacturing, especially in sectors critical to national security. The MMIA program provides financial support to domestic projects with strong export potential, aiming to revitalize American manufacturing and enhance global competitiveness.
“This project will be transformative for U.S. manufacturing in the vital sector of energy storage,” said Emilie Bodoin, founder and CEO of Pure Lithium. “Our Brine to Battery™ technology will enable the creation of the first fully integrated U.S.-based battery supply chain, from raw materials to finished products. Domestic battery production is essential for U.S. energy independence and national security, and this project aligns perfectly with EXIM’s objectives.”
The funding proposal may also qualify for consideration under EXIM’s China and Transformational Exports Program (CTEP), which is designed to help U.S. companies compete with Chinese exporters in critical technology sectors. Under CTEP, projects that meet eligibility requirements, including a minimum of 51% U.S. content, can benefit from enhanced financing terms such as reduced fees and extended repayment schedules.
EXIM’s interest in financing Pure Lithium’s project reflects the bank’s broader mandate to mitigate the competitive influence of Chinese export support and to promote U.S. leadership in transformational industries, including energy storage technologies.
While the Letter of Interest represents a significant step forward, EXIM will still require a formal application and conduct thorough due diligence before issuing a final commitment. Approval will depend on the project’s alignment with the bank’s underwriting standards, authorization process, and the successful negotiation of terms and conditions.
If finalized, the financing would enable Pure Lithium to scale its innovative battery production technology and contribute to building a resilient U.S. energy supply chain, positioning the country as a global leader in next-generation energy storage solutions.
