Curated News
By: NewsRamp Editorial Staff
July 07, 2025

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

TLDR

  • 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.

Impact - Why it Matters

This news is significant as it highlights the U.S.'s strategic efforts to secure a domestic supply of critical minerals essential for national security and the energy transition. By reducing reliance on foreign sources, initiatives like ABM's grant application could strengthen the U.S. economy, create jobs, and ensure the availability of materials crucial for clean energy technologies and defense applications. This development matters to anyone concerned with energy independence, national security, and the global shift towards sustainable energy solutions.

Summary

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.

Source Statement

This curated news summary relied on content disributed by News Direct. Read the original source here, ABM Seeks $40M Grant to Boost U.S. Critical Minerals Supply Chain

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