--News Direct--
American Battery Materials, Inc. (OTC PINK: BLTH) ("ABM"), a U.S.-based company dedicated to advancing critical mineral resource development, today announced that it has submitted for a $40,750,000 grant under the Defense Production Act-Title III appropriation.
David E Graber, American Battery Materials CEO stated, “With two (2) critical minerals evidenced in our historical brine composition, Lithium and Magnesium, we believe ABM is a suitable candidate to assist the US government and, more specifically, the US Department of Defense in supporting the creation of a reliable US-sourced domestic supply chain for certain critical minerals here in the United States.”
On June 30, President Donald J. Trump announced on www.whitehouse.gov the current administration’s commitment to simplifying the funding of energy infrastructure and critical mineral and material projects.
Graber also stated, “The US DoD, DOE, and related agencies are clearly focused now on execution all the way through to the end user and not waiting for the private markets to solve the issue alone. The US has historically been reliant on foreign sources for Rare Earth metals as well as Battery Metals which are vital to the United States national security now and in future decades. We are quite optimistic about developments under The President’s leadership.”
American Battery Materials, Inc., holds mineral rights on 14,000 acres on Federal BLM land in southeastern Utah with five decades of USGS well data.
About American Battery Materials, Inc.
American Battery Materials, Inc., headquartered in Greenwich, Connecticut, is a U.S.- based company focused on the exploration, acquisition, and development of lithium and other battery materials critical to the global energy transition. ABM is committed to sustainable practices and delivering value to its stakeholders through strategic partnerships and innovative projects.
For Media Inquiries:
American Battery Materials, Inc. 500 West Putnam Avenue, Suite 400 Greenwich, CT 06830
+1 800-998-7962
ir@americanbatterymaterials.com
To the extent that statements contained in this press release are not descriptions of historical facts regarding the Company, they are forward-looking statements reflecting the current beliefs and expectations of management. Words such as "believe," "goal," "plan," "feel," "may," "will," "expect," "anticipate," "estimate," "intend," "target" and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause our future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and its Quarterly Reports on Form 10-Q, including but not limited to the discussion under "Risk Factors" therein, which the Company has filed with the SEC and may be viewed at http://www.sec.gov.
Contact Details
Investor Relations
+1 800-998-7962
ir@americanbatterymaterials.com
Company Website
https://www.americanbatterymaterials.com/
View source version on newsdirect.com: https://newsdirect.com/news/american-battery-materials-submits-an-application-for-a-project-development-grant-under-the-defense-production-act-title-iii-appropriation-265533545
