According to CoinMeta, the U.S. Department of Energy announced the allocation of $500 million to seven companies to support domestic projects in key mineral processing, battery recycling, and advanced battery materials. This funding is the third round of support for battery material processing, battery manufacturing, and recycling projects, aimed at expanding the domestic supply chain of materials used in energy, industrial, and defense applications in the United States. According to documents from the U.S. Department of Energy, the selected projects will enhance America's processing and recycling capabilities and reduce reliance on foreign sources.