US DOE to Provide $500 Million for Lithium, Cobalt and Battery Materials Projects, Nth Cycle Gets $100 Million

Published: Aug 21, 2026 19:45 (GMT+8)

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【US DOE to Provide $500 Million for Lithium, Cobalt and Battery Materials Projects, Nth Cycle to Receive $100 Million for Black Mass Processing】 The U.S. Department of Energy will provide a total of $500 million in grants to seven companies to support domestic lithium, cobalt and battery materials projects. Battery recycler Nth Cycle will receive $100 million to develop a facility for black mass processing, while Princeton NuEnergy will receive $50 million to reprocess cathode battery materials. The funding also covers lithium extraction, cobalt refining, electrolyte chemicals and silicon-based anode materials, as the U.S. seeks to strengthen its critical minerals and battery supply chains and build a domestic battery and black mass recycling ecosystem.

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