May. 3 at 3:56 PM
$BLTH Advisor Creighton Reed expertise is intended to bolster the company's efforts to secure federal support, such as grants under the Defense Production Act
-Defense Production Act (DPA)—Title III: In July 2025, ABM submitted an application for a
$40.75 million grant under the DPA. This program focuses on strengthening the defense industrial base by ensuring a domestic supply of materials like lithium and magnesium.
-DOE Battery Materials Processing Grants: ABM is eligible for the Department of Energy's (DOE)
$3 billion grant program designed to expand domestic battery material processing. A new
$500 million funding round was announced in March 2026, targeting projects that can produce 10,000–25,000 tons of lithium per year.
-Critical Minerals Supply Chain Funding: The company fits the criteria for additional DOE initiatives totaling nearly
$1 billion intended to reduce reliance on foreign supply chains by up to 15% by 2030.