ABM Seeks $40M Grant to Boost U.S. Critical Minerals Supply Chain

American Battery Materials, Inc. (ABM), a U.S.-based company focused on the exploration and development of lithium and other critical minerals, has applied for a $40,750,000 grant under the Defense Production Act-Title III appropriation. This move aims to support the creation of a reliable U.S.-sourced domestic supply chain for critical minerals, such as Lithium and Magnesium, which are vital for national security and the global energy transition. CEO David E Graber highlighted the company's alignment with the U.S. government's focus on reducing reliance on foreign sources for these essential materials. ABM holds mineral rights on 14,000 acres in southeastern Utah, backed by five decades of USGS well data, positioning it as a key player in the sustainable development of battery materials.

The announcement comes in the wake of President Donald J. Trump's commitment to funding energy infrastructure and critical mineral projects, as stated on www.whitehouse.gov. ABM's initiative reflects a broader effort to secure the U.S.'s position in the global energy market and ensure the availability of critical minerals for future decades. The company's strategic approach and potential government support underscore the importance of domestic resource development in achieving energy independence and national security objectives.