American Battery Materials, Inc. (ABM) has submitted a $40,750,000 grant application under the Defense Production Act-Title III, aiming to enhance the U.S. supply chain for critical minerals like lithium and magnesium. This initiative reflects ABM's dedication to diminishing the country's dependence on foreign mineral sources, crucial for national security and the global shift towards renewable energy. CEO David E Graber emphasized the project's alignment with U.S. government efforts to secure a domestic supply chain for essential minerals, leveraging ABM's mineral rights on 14,000 acres in southeastern Utah and extensive USGS well data. The project underscores the strategic importance of domestic rare earth and battery metals for the nation's security and technological progress, as highlighted by the current administration's focus on energy infrastructure and critical mineral projects.
American Battery Materials Seeks $40.75M Grant to Bolster U.S. Critical Minerals Supply Chain
TL;DR
American Battery Materials, Inc. seeks a $40,750,000 grant to secure a competitive edge in developing a US-sourced supply chain for critical minerals like Lithium and Magnesium.
ABM has applied for a Defense Production Act-Title III grant, leveraging 14,000 acres of mineral rights and USGS data to methodically advance critical mineral development.
ABM's initiative supports national security and sustainability, aiming to reduce US reliance on foreign sources for essential battery materials, fostering a better future.
Exploring 14,000 acres in Utah, ABM taps into decades of USGS data, highlighting an innovative approach to securing critical minerals for energy transition.
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