A little tech tip....don't use white lithium on motors!
My philosophy is that you can't break what's already broke so I pulled it apart and it turns out Berlin is absolutely correct!
Both ends were caked with dried lithium. I dunked everything in WD 40 and scrubbed it all with a toothbrush.
Then I broke my philosophy I think.
There seems to be a "packing" around the bushings. Maybe a felt wick? When I dug all the lithium out, it was fibrous and there certainly appears to be a cup around the bushings.
So my next question is, can I replace the felt?
I slapped the motor back together and it runs like a champ. Not sure I'd want to expose it to much heat without the felt around the bushing though.