Just "owning" a few acres of land that MAY have enough lithium and other materials to someday be able to be mined in the future DOES NOT QUALIFY a company for these grants.
Sorry, NO GOV-MENT MONEY COMING HERE........
Business have to have a history of: PROVEN amounts of minerals. ACTUAL production in the industry. Employees. Revenues... Capital. ( This is just a starting point ) Probably an actual office would help too...... LOL!!!
Think more about the ALREADY APPROVED REVERSE SPLIT that was SPELLED OUT in the last filing. That HAS TO BE DONE to provide enough AS SHARES to fulfill to MASSIVE DILUTION of 2.8 BILLION NEW SHARES that were added to the OS count. ABOUT NINE NEW SHARES FOR EVERY EXISTING SHARE......
I was doing some DD and I ran across this article regarding the US Government doling out $2.88 billion for the EV materials mining and manufacturing industries. I was overjoyed initially to see the $57.7 million award then realized the company in the article is “American Battery Technology Company” not “American Battery Materials, Inc.”.