# EXCLUSIVE: Trump administration to back US minerals projects with $500 million in grants

https://mins.news/en/item/27390

- Reuters, 2026-08-20 14:15 UTC
- Economy
- Original: https://www.reuters.com/business/energy/trump-administration-back-us-minerals-projects-with-500-million-grants-2026-08-20/?link_source=ta_bluesky_link&taid=6a870bf5c69d29000181af6f

> The U.S. Department of Energy will award $500 million to seven companies developing domestic lithium, cobalt and other mineral and battery projects, according to a document seen by Reuters. The grants are the latest investments intended to strengthen U.S. mining and processing.