The Daily Independent

Glenn Puit, The Daily Independent

Braidy Industries is applying for $1 billion in debt financing from the federal Department of Energy to help finance its aluminum mill, according to federal filings, and the documents also show the financing for the Braidy mill is not yet committed.

The information about the debt financing application is contained in a document known as an offering statement for Braidy Industries that was filed with the Securities and Exchange Commission this week. The filing comes as Braidy announced it was launching a common stock offering and also as it announced it has acquired a company known as NanoAI LLC, which is described as a business that is in the science of nanocrystalline strengthening technology.