[REVISION HISTORY]

U.S. critical mineral production and investment

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2026-08-22 21:05 UTC → 2026-08-27 15:00 UTC · added ~~removed~~

Efforts to strengthen the United States' domestic supply of critical minerals have seen both private sector restructuring and significant government investment. In the private sector, Dublin-based mining investor TechMet established a Washington, D.C.-based subsidiary to manage its holdings in four companies: EnergySource Minerals, U.S. Vanadium, Momentum Technologies, and Xerion Advanced Battery. CEO Brian Menell, serving as chairman of the new subsidiary, stated the entity aims to attract capital to transition these firms into commercial production for lithium, vanadium, and battery recycling. TechMet has invested over $400 million into these holdings. Concurrently, the U.S. Department of Energy (DOE) has allocated significant funding to various projects. While $162 million was previously earmarked for recovering minerals like scandium and copper from waste, a more recent $500 million grant initiative aims to strengthen the domestic battery supply chain. Notable recipients include Coreshell, which received $50 million for metallurgical silicon anode material manufacturing; Lilac Solutions, awarded $100 million for a lithium carbonate facility at Utah’s Great Salt Lake; and Nth Cycle, which received $100 million to build a facility for refining materials from recycled lithium-ion batteries. These technologies support both the automotive industry and the defense sector, providing stability for applications such as drones and advanced aviation. Furthering domestic goals, American Battery Technology reported strong fiscal 2026 fourth-quarter results, including $8.2 million in revenue. The company secured a $57 million DOE grant following a successful appeal to support the construction of the first processing line at the Tonopah Flats lithium project in Nevada. Additionally, the DOE continues to support the CORE-CM project to convert coal mine waste and brines into minerals for electric vehicles. Expanding its research focus, the DOE recently awarded $10 million to seven research and development projects through the Critical Materials Innovation Hub (CMI Hub).

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