American Battery Materials Seeks $40.75 Million Grant for Critical Minerals Project

American Battery Materials, Inc. (OTC PINK: BLTH) has submitted an application for a $40,750,000 grant under the Defense Production Act-Title III appropriation, aiming to support the development of a reliable U.S.-sourced domestic supply chain for critical minerals such as lithium and magnesium. CEO David E Graber emphasized the company's potential to assist the U.S. government, particularly the Department of Defense, in reducing reliance on foreign sources for these essential materials. This initiative aligns with the current administration's focus on funding energy infrastructure and critical mineral projects, as announced by President Donald J. Trump on www.whitehouse.gov. Graber expressed optimism about the project's alignment with national security goals and the administration's leadership in addressing the critical minerals supply chain challenge.

The company holds mineral rights on 14,000 acres of Federal BLM land in southeastern Utah, backed by five decades of USGS well data, positioning it as a key player in the exploration and development of battery materials crucial for the global energy transition. This move underscores the growing importance of securing domestic sources of critical minerals to ensure national security and support the burgeoning demand for battery technologies.