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U.S. Department of Defense Grants South Star Battery Metals Millions to Bolster Domestic Battery Graphite Production Across U.S.A.

StockMarketHour by StockMarketHour
November 30, 2023
in Investing
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U.S. Department of Defense Grants South Star Battery Metals Millions to Bolster Domestic Battery Graphite Production Across U.S.A.
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The United States Department of Defense (DoD) has awarded a significant grant to South Star Battery Metals to increase production of battery graphite in the United States. In a multi-million dollar grant, DoD is committing to the develop of a domestic graphite production alongside South Star Battery Metals. Graphite is a key material in modern batteries, and this marks a significant investment into the development of the technology.

South Star Battery Metals has already established itself as a major resource in the battery graphite industry, with a successful track record of production and usage of their graphite. This grant will assist them in expanding their resources in the United States, allowing for an increase in domestic production. While graphite is more often created outside of the US, this grant will help increase the use of domestic resources.

The grant will also help aid in the development of new processes to refine and purify graphite, as well as develop alternative sources for the production. This can help level the playing field between domestic and foreign resources, allowing the US to remain competitive in the development of new battery technologies.

The DoD’s commitment to this grant is a sign of the value they place on domestic production of graphite, and may serve as an example of the U.S. government’s support of cutting edge technology. This grant marks a major milestone for South Star Battery Metals, and will serve to benefit technology at a global level.

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