American Battery Materials, Inc. (OTC PINK: BLTH), a U.S.-based company focused on the development of critical mineral resources, has submitted an application 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, specifically lithium and magnesium, which are vital for national security and the energy transition.
David E Graber, CEO of American Battery Materials, emphasized the company's potential to assist the U.S. government, particularly the Department of Defense, in securing a domestic supply of these essential minerals. The initiative aligns with the current administration's commitment, as announced by President Donald J. Trump, to streamline funding for energy infrastructure and critical mineral projects. Graber's statement reflects optimism about the administration's focus on executing strategies to reduce reliance on foreign sources for rare earth and battery metals.
With mineral rights on 14,000 acres of Federal BLM land in southeastern Utah and access to five decades of USGS well data, American Battery Materials is positioned to play a pivotal role in the U.S. critical minerals supply chain. This development is crucial for the country's strategic interests, especially in sectors dependent on these materials for defense and renewable energy technologies.
