US Awards $500M for Mineral Projects

The US Department of Energy is awarding $500 million in grants to seven companies building domestic lithium and cobalt projects. The funding aims to bolster American mining and processing capacity.

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FILE PHOTO: A cobalt mining site operated by Jervois Global is seen west of Salmon, Idaho, U.S. May 16, 2024. REUTERS/Carlos Barria/File Photo

The United States Department of Energy is awarding $500 million in grants to seven companies. The funding targets domestic lithium, cobalt, and battery manufacturing projects.

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