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The Defense Department on Monday said it has awarded Graphite One, Inc. (G1) a $37.5 million contract to help secure a U.S.-based source of graphite, which is used for production of large-capacity batteries and fuel cells and is one of 19 critical minerals identified by the U.S. Geological Survey as playing a key role in the nation’s national security, economy, and renewable energy development. The award was made under the Defense Production Act using funds from the Inflation Reduction Act.…
