옵션 체인은 다양한 행사가격과 만기일에 대한 American Battery Tech의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 American Battery Tech에 대한 시장 심리를 평가합니다..

American Battery Tech (NASDAQ:ABAT) 주식, 옵션 체인

American Battery Tech

American Battery Technology Co is engaged in lithium-ion battery recycling, battery metals and material extraction, and resource production. It is a battery metals company producing low-cost battery metals with a commitment to closed-loop, clean energy technologies.

Commodities

AAUKF

ABAT

STLD

아메리칸 배터리 테크놀러지(NASDAQ:ABAT)은 독자적인 대규모 배터리 재활용 기술을 상용화해 네바다주 리노에서 설계 용량의 115% 가동을 달성했다. 이번 개발은 미국 에너지부 보조금 및 48C 세금 공제의 지원을 받아 전략적 고객을 위한 미국 배터리 금속 생산이 향상되었음을 의미한다.

월요일 주요 광업 뉴스: 아메리칸 배터리, BHP 그룹, 클리블랜드 클리프스, 스틸 다이나믹스, 뉴코

TSLA

ATI(NYSE:ATI): 댈러스에 본사를 둔 이 회사는 2024년 1분기 매출을 10억 4천만 달러로 보고했다. 순이익은 약 6,600만 달러(주당 46센트)를 기록했다.

화요일 주요 광업 뉴스: ATI, 피드몬트, 부에나벤투라, 아메리칸 배터리

GROY

2024년 4월 24일 주요 뉴스: 아메리칸 배터리 테크놀러지(NASDAQ:ABAT)는 토노파 플랫츠(Tonopah Flats) 리튬 프로젝트(TFLP)에 대한 최초 평가를 업데이트했다. 이 프로젝트의 범위는 측정값과 표시된 광물 자원만 사용하도록 수정했으며, 추정치에 해당하는 자원은 제외되었다. 

수요일 주요 광업 뉴스: 아메리칸 배터리, 스틸 다이나믹스, 골드 로열티, 쾨르 마이닝

American Battery Technology Company - Common Stock

American Battery Technology Co

ABATTIS BIOCEUTICALS ORD by Abattis Bioceuticals Corp.

Abattis Bioceuticals Corp

Earnings

News

American Battery Technology FY24 Grant Funding Increased To $3.3M Up From $0.9M YoY

WIIM

American Battery Technology shares are trading lower after the company announced it was selected for a $150 million competitive grant.

<a href="https://americanbatterytechnology.com/">&nbsp;American Battery Technology Company</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, has been <a href="https://www.energy.gov/mesc/bipartisan-infrastructure-law-battery-materials-processing-and-battery-manufacturing-recycling">selected for a highly competitive grant for $150 million</a> dollars of federal investment&nbsp;by the U.S. Department of Energy to be applied towards the construction of a new lithium-ion battery recycling facility.
&nbsp;
This facility will be the company's second commercial-scale lithium-ion battery recycling facility and is designed to process approximately 100,000 tonnes of battery materials per year from its battery manufacturer, automotive OEM, and community partners.
"We are extremely honored to be selected for this government investment to further expand our domestic battery recycling operations, and after having gone through nearly one-year of technical and economic evaluation, we appreciate the level of diligence that the government employed in making this decision," stated ABTC CEO Ryan Melsert. "We are greatly appreciative of the confidence and support we have received from our partners throughout this process and are energized to move forward with our feedstock supply, product offtake, and strategic stakeholders in this critical expansion of our domestic capabilities."
True to the company's strategic model to engage a diverse portfolio of partners and stakeholders to bring advanced battery technologies online and establish a commercial battery metals supply chain for North America, this project will leverage multiple partners including feedstock supplier and critical mineral product offtaker BASF, global engineering firm Siemens, the Clemson University International Center for Automotive Research (CU-ICAR), the Argonne National Laboratory (ANL) ReCell Center, the Argonne National Laboratory Sustainable Transportation Education &amp; Partnerships (STEP) department, and the South Carolina Electric Transportation Network (SCETNetwork). &nbsp;
ABTC constructed and commissioned its first lithium-ion battery recycling facility near Reno, Nevada in Fall 2023, which implements its internally-developed processes for the strategic de-manufacturing and targeted chemical extraction of battery materials in order to manufacture battery grade products at competitive costs and with low environmental footprint.&nbsp; These processes are fundamentally different than conventional methods of battery recycling, which generally utilize either high temperature smelting or non-strategic shredding systems.
Through this new facility construction project, ABTC will employ a proactive, community-driven engagement model to build an energy equity, sustainable circular manufacturing ecosystem that aims to create 1,200 construction jobs and 300 operations jobs. The company will work in direct partnership between communities, educational institutions, industry, government, the National Laboratory system, and the next generation workforce to support equitable and sustainable initiatives that benefit and strengthen in local communities, including in underserved communities that have historically been left behind.
ABTC is partnering with government entities and local educational institutions, such as ANL's STEP department and Clemson University, to create career pathways in battery recycling and establish a talent pipeline for the domestic battery recycling industry.
Bringing first-of-kind technologies to market,&nbsp;ABTC's battery recycling and primary battery metals commercialization efforts support the buildout of a domestically-sourced battery metals circular supply chain.&nbsp; ABTC has been selected for several competitive awards supporting the advancement and commercialization of its first-of-kind technologies for both battery recycling and primary claystone-to-lithium hydroxide manufacturing.&nbsp; &nbsp; U.S. DOE Investments in ABTC Lithium-Ion Battery Recycling&nbsp;
<ul>
<li>October 2021: ABTC was awarded a competitive grant for a <a href="https://americanbatterytechnology.com/projects/usabc-project/">$2 million project</a> from the United States Advanced Battery Consortium (USABC) supported by funding from US DOE to foster the recycling of battery packs and extraction of battery metals, with USABC cost contributions of $500k.</li>
<li>November 2022: <a href="https://americanbatterytechnology.com/press-release/american-battery-technology-company-receives-contract-from-us-doe-for-20m-project-to-accelerate-commercialization-of-next-generation-advanced-battery-recycling-technologies/">ABTC was awarded for a competitive grant for a $20 million project from the U.S. DOE to scale</a>, optimize, and commercialize three next generation technologies to even further enhance the performance of its recycling operations, with a federal contribution of $10 million.</li>
<li>March 2024:<a href="https://americanbatterytechnology.com/press-release/american-battery-technology-company-awarded-20-million-tax-credit-through-competitive-us-doe-process-to-advance-its-critical-minerals-battery-recycling-facility/"> ABTC awarded qualifying advanced energy project tax credits (48C) for $20 million</a> to be applied towards capital expenditures of its first battery recycling facility near Reno, Nevada.</li>
<li>March 2024: <a href="https://americanbatterytechnology.com/press-release/american-battery-technology-company-awarded-additional-40-million-competitive-tax-credit-to-accelerate-construction-of-next-battery-recycling-facility/">ABTC awarded qualifying advanced energy project tax credits (48C) for $40 million</a> to be applied towards capital expenditures of its second battery recycling facility.</li>
<li>TBD 2025: <a href="https://americanbatterytechnology.com/press-release/american-battery-technology-company-receives-contract-from-us-doe-for-20m-project-to-accelerate-commercialization-of-next-generation-advanced-battery-recycling-technologies/">ABTC was selected for this competitive grant for a $150 million project from the U.S. DOE to construct a second battery recycling facility</a>.</li>
</ul>
U.S. DOE Investments in ABTC Lithium Hydroxide (LiOH) from Claystone Manufacturing&nbsp;
<ul>
<li>October 2021: <a href="https://www.energy.gov/eere/ammto/advanced-manufacturing-office-fy20-critical-materials-foa-selections">ABTC was awarded a competitive grant supporting a $4.5 million project</a> from the U.S. DOE for the demonstration of its battery-grade lithium hydroxide production from Nevada claystone resources, with federal contributions of $2.27 million.</li>
<li>October 2022: <a href="https://americanbatterytechnology.com/press-release/american-battery-technology-company-receives-contract-for-57m-grant-from-us-doe-for-construction-of-commercial-scale-lithium-hydroxide-refinery/">ABTC was awarded a competitive grant supporting a $115 million project</a> from the U.S. DOE to construct a commercial-scale lithium hydroxide refinery, with a federal contribution of $57.7 million.</li>
</ul>
These battery recycling technologies were developed in-house by the ABTC R&amp;D, project management, and engineering team members, many of whom were previously members of the founding Tesla Gigafactory design and engineering teams. &nbsp;ABTC intends to utilize these significant experiences in collaboration with project partners to scale processes and bring first-of-kind commercial-scale facilities online and leveraging this expertise to de-risk ABTC's commercialization of this second battery recycling facility.
As ABTC has now completed the technical and economic evaluations and been selected for this competitive grant award, it will next enter the grant award contracting phase of this process with an expected project kickoff in 2025.

Government

Regulations

American Battery Technology Secures $150M US DOE Grant, Expanding Battery Recycling Facility

American Battery Technology Company Plans To Build Commercial-Scale Lithium-Ion Battery Recycling Facility, Processing 100,000 Tonnes Per Year In Partnership With BASF, Siemens, And Others To Support U.S. Closed-Loop Supply Chain

He will succeed Andr&eacute;s Meza who served as COO for over three years and is stepping down to pursue other opportunities.

Management

American Battery Technology Appoints Steven Wu As Its New COO

American Battery Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) CEO Ryan Melsert spoke to Benzinga about the latest company milestones, the state of the market and what it means to be a vital metals supplier for the burgeoning <a href="https://www.benzinga.com/topic/clean-energy">green energy sector</a>. 
<h2 class="wp-block-heading">BZ: What&#8217;s your relationship like with the retail investment community?</h2>
Melsert: We&#8217;re definitely in the spotlight with retail investors. We also work with several different strategic partners, including big corporations that sell us products or feed and buy our products. It's important to have a balance between both. We&#8217;ve experienced significant growth over the past few years. The validation we&#8217;ve received from winning several corporate awards and securing various government projects has provided the community with technical validation of what we're doing and our business plan as we scale up.
<h2 class="wp-block-heading">BZ: How does the company operate in three pillars: battery recycling, metal manufacturing, and resource development?</h2>
Melsert: On the battery recycling side, we completed the design about two years ago, and we built our first commercial factory last year, which is now up and running. We&#8217;re receiving large amounts of end-of-life waste from the field and are actually producing significant quantities of recycled battery-grade product that we're selling back into the market. The recycling plant is fully operational, and we're working to establish a closed-loop system within the U.S.
Last summer, we signed a partnership agreement with BASF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BASFY#OTC">BASFY</a>), one of North America&#8217;s largest battery metals customers. Working with them to receive material and sell our recycled products has been great. Recycling is crucial for closing the loop and ensuring that once materials are in the field, they stay there. However, because the number of batteries is growing so quickly, we also need to fill that loop for the first time, which is why we have our other business units.
For lithium specifically, there is almost zero production in the U.S. We have many resources, but very few refineries can access them, especially those considered unconventional. A few years ago, we analyzed various types of lithium resources within the U.S. and identified a sedimentary resource, or claystone, that holds large amounts of lithium. However, no one has yet developed a technology to access the lithium in that claystone. We worked at the laboratory and bench scales and developed our own mechanisms to access this lithium. We secured a Department of Energy grant to use that data to build a fully integrated pilot plant to process hundreds of tons of material and produce battery-grade product. Then, just last year, we won another grant with a federal cost share of $57 million to build a commercial refinery project.
Developing the claystone itself is one skill set—how we develop that mine and excavate that surface resource. But we've also developed our own refining technology, so we&#8217;re constructing a refinery right on top of it. We finished the pilot plant just a few months ago. In June, we announced that we are producing battery-grade product from this pilot facility.
<h2 class="wp-block-heading">BZ: We've seen automotive companies engage with commodity producers to secure supplies. Are you open to different kinds of partnerships, perhaps more downstream, directly with vehicle manufacturers?</h2>
Melsert: Every week, we have a customer or strategic partner, often a big automotive OEM, on-site touring the facility. There are so few operations in the U.S. that can produce this battery-grade lithium product. So, there's a lot of interest in sourcing the output from this commercial refinery. It's very likely that we'll enter into a partnership with an OEM regarding the off-take of our primary lithium going forward.
<h2 class="wp-block-heading">BZ: There is only one active lithium mine in the U.S.; Data shows it takes about <a href="https://www.benzinga.com/news/24/07/39870803/us-mine-development-delays-among-worlds-longest-second-only-to-zambia">29 years to develop a mine</a>. Was this one of the catalysts for you to focus on recycling?</h2>
Melsert: That was indeed a catalyst for us to focus on both. Recycling can be very quick to market. We produce nine different products from our recycling plant, which makes us more diversified than a typical mining operation. However, in terms of scale, our primary lithium claystone process will produce much more than the entire U.S. recycling industry combined. While recycling is great for time to market, when you want to scale, these primary systems will deliver that in the near term.
<h2 class="wp-block-heading">BZ: Is there a danger if battery manufacturing and recycling don't eventually balance out? Could we end up with piles of old batteries lying around?</h2>
Melsert: Definitely. For a closed-loop economy, all sections of the loop need to be balanced and have a similar throughput. In the past few years, we've added dramatic amounts of capacity for battery manufacturing but very little for battery recycling. This imbalance could result in batteries being exported abroad to be recycled elsewhere, which wouldn't help our strategic mineral situation. Or, they might not be recycled at all and end up in landfills in the U.S. That's why we work so closely with partners in the battery manufacturing and automotive manufacturing sectors to ensure our throughput aligns with their facilities.
<h2 class="wp-block-heading">BZ: Major oil producers like Exxon are venturing into <a href="https://www.benzinga.com/news/large-cap/24/02/37182798/exxons-lithium-experiment-could-be-winner-for-oil-company-state-of-arkansas">lithium production</a> and experimenting with direct lithium extraction. What do you think about these initiatives?</h2>
Melsert: In the past year or so, many big oil companies have gotten involved in this space. I think it's great to see large corporations investing and recognizing the need to bring domestic resources to market. They bring different skill sets, particularly in chemical processing, and have mostly focused on brine-based resources due to the overlap with conventional oil extraction.
<h2 class="wp-block-heading">BZ: You've previously met with President Joe Biden and spoken about issues in the sector. Are you currently engaged with the government?</h2>
Melsert: Yes, we have several grants underway with the Department of Energy, and we're always in contact with them about future opportunities as well. Ramping up critical material production is one of the few issues both political parties agree on. There's a real need to bring this capacity to U.S. shores, and we've received quite a bit of support from the federal government. I believe there are still a lot of programs moving forward.
<h2 class="wp-block-heading">BZ: Lithium prices are now around $10,000 per metric ton, which is about where they were in 2019. Where do you see the market going from here?</h2>
Melsert: Everyone is trying to predict the future regarding market prices. The important thing is that there's still a large demand for electric vehicles and stationary grid storage batteries in the U.S. As long as those end-use demand sectors keep growing, they'll continue to pull on the upstream systems to ramp up capacity. It can be very quick, less than two years, to put up an electric vehicle factory or battery factory, but it takes many years to bring a primary resource online. So, as demand picks up, the limiting factor will be how quickly these primary resources can come online.
<h2 class="wp-block-heading">BZ: BCA Research Chief Strategist Marko Papic told Benzinga that we're entering a capex-driven commodity super cycle. Where do you see opportunities for the fastest domestic commodity development outside of your own project?</h2>
Melsert: The biggest factor in speeding up product development is permit reform at the federal level. Just a few weeks ago, the Senate put forward a bill that would streamline permitting operations specifically for these types of critical materials. Having a more efficient system could help these projects in the U.S. come online much more quickly, and it would open up the business case for more resources to be developed domestically.
<h2 class="wp-block-heading">BZ: What's next for your company?</h2>
Melsert: The most important thing to watch for in this industry is who forms partnerships and alliances with other sectors, such as battery manufacturers and vehicle OEMs. I'd recommend keeping an eye on which companies are building the best relationships with those other strategic players in the sector as we move forward. I'm confident in our projects and have recently boosted my stake by an additional 390,000 shares.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/24/08/40351865/how-to-profit-from-a-move-higher-in-gold-without-owning-any">How To Profit From A Move Higher In Gold Without Owning Any</a></li>
</ul>
 Editor&#8217;s Note: This interview has been edited to reflect the correct cost of a commercial refinery project.

Exclusives

Interview

BASFY

EXCLUSIVE: Federal Support Is 'Essential' For Lithium Production, Says American Battery Technology CEO (CORRECTED)

American Battery Technology Enters Direct Binding Agreement For Purchase Of Its Accumulated Recycled Black Mass Material By A Domestic Strategic Customer

WASHINGTON — Amid the global search for lithium for electric vehicle batteries, <a href="https://www.benzinga.com/markets/commodities/24/03/37857275/exclusive-battery-companies-back-small-miners-for-long-term-provide-bright-spot-as-funding-ma">major automakers are</a> eyeing production from American Battery Technology Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>), CEO Ryan Melsert said this month at a mining conference.
The company is developing one of the largest lithium deposits in the United States at its Tonopah Flats mining and refining project in Nevada to provide lithium in addition to the company's battery recycling business.
American Battery Technology is funding its operations with revenue from recycling and U.S. Department of Energy grants but plans to augment that in the medium term with project financing and lithium offtake agreements with strategic partners.
Also Read:<a href="https://www.benzinga.com/government/24/06/39204696/us-lithium-industry-gets-a-win-as-piedmont-saga-advances-but-permitting-remains-a-headwind"> US Lithium Industry Gets A Win As Piedmont Saga Advances, But Permitting Remains A Headwind</a>
"We have the automakers on site almost every week," Melsert told Benzinga on the sidelines of a recent&nbsp;Benchmark Mineral Intelligence&nbsp;battery metals conference in Washington.
He declined to name the companies but said "it's all the automakers and manufacturers you would think of."
American Battery Technology already has a partnership with German multinational chemical company BASF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BASFY#OTC">BASFY</a>), one of the largest battery cathode manufacturers in North America. Both companies have received a $2 million grant from the U.S. Advanced Battery Consortium, a subsidiary of the U.S. Council for Automotive Research, which is a collaborative automotive technology company for Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>).
EV Demand Increasing With No Short-Term Lithium Alternatives
Automaker interest in lithium from American Battery Technology comes as electric vehicle manufacturers around the world scramble to source lithium for batteries.&nbsp;
If nations were to fully meet all their current national energy and climate goals, the International Energy Agency said in a recent report that it expects global lithium demand to rise from 165 thousand metric tons in 2023 to 1.6 million metric tons by 2050. The electric vehicle industry is projected to account for about 90% of this demand growth.
Meanwhile, the agency says that new mine projects beyond those already in production or announced will have to be developed to meet lithium requirements after 2030, when demand will outstrip currently projected production.
In their quest to secure sources of lithium, Ford, GM, Mercedes Benz Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGYY#OTC">MBGYY</a>), Mitsubishi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>) and Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), have inked deals to buy directly from mining or refining companies or made direct investments elsewhere in the lithium battery supply chain.
Tesla CEO Elon Musk once said on social media that "lithium batteries are the new oil."
Melsert is no stranger to Tesla. He worked there from 2015 to 2019 as a founding member of the Gigafactory design team and battery materials processing research and development manager.
As a person familiar with battery technology, Melsert doesn't think lithium-based battery storage will go away anytime soon, despite research into alternatives.
The International Energy Agency agrees. "Lithium-ion batteries' role in fueling the growth of the EV industry remains unchallenged in the near term," the IEA said in its recent report. 
"Alternative technologies such as sodium-ion batteries and vanadium flow batteries begin to take some shares from lithium-ion batteries in low-range vehicles and storage markets, but they do not materially alter the prospects for lithium demand in climate-driven scenarios," the agency said.
Company May Face Less Environmental Angst Than Competitors
As global demand for lithium grows, western governments are trying to diversify supply chains for minerals critical to the energy transition. China dominates lithium refining and the electric vehicle battery market.
As the domestic lithium mining industry ramps up, tensions with conservationists and locals, including indigenous people, have increased in the American West, South America and Europe. In Nevada, Lithium Americas Corp.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) Thacker Pass and Ioneer Ltd.'s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GSCCF#OTC">GSCCF</a>) Rhyolite Ridge projects have faced opposition.
It appears that American Battery Technology's Tonopah Flats project may face fewer headwinds, at least in terms of conservationist concerns.
"When we look at places like Thacker Pass and Rhyolite Ridge, we see high levels of biodiversity," said Patrick Donnelly, a Nevada-based director with the Center for Biological Diversity. "Endemic species, greater sage-grouse and sensitive groundwater-dependent ecosystems are found at both sites. This is part of why they&#8217;ve engendered such pushback."
Tonopah Flats doesn't have those issues, or issues with surface water sources, Donnelly told Benzinga.
"Strictly from a biological point of view, there are fewer potential impacts to biodiversity from development in that area," he said.
Read Next:
<a href="https://www.benzinga.com/markets/commodities/24/05/39007586/lithium-market-may-have-turned-a-corner-but-dont-expect-2022-style-rally">Lithium Market May Have Turned A Corner, But Don&#8217;t Expect 2022-Style Rally</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:_licensing@benzinga.com" target="_blank" rel="noreferrer noopener">_licensing@benzinga.com</a> to get started!
Photo: Shutterstock

Politics

Markets

GSCCF

MERCEDES-BENZ UNSP / ADR by Mercedes Benz Group AG

MBGYY

MSBHF

STLA

EXCLUSIVE: Major Automakers Target Lithium Supply From American Battery Technology Co.

American Battery Technology Manufactures Demonstration-Scale Quantities Of Lithium Hydroxide From Claystone Facility

As the electrification revolution accelerates, lithium — a critical raw material for batteries — stands at the forefront of the energy transition. North American lithium miners Piedmont Lithium Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>), Lithium Americas Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>), and American Battery Technology Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) are strategically positioned to benefit from this <a href="https://www.benzinga.com/topic/lithium">surge in demand</a>.
We look into recent insights from J.P. Morgan&#8217;s fireside chats with these companies to gauge their future prospects. Subsequently, we compare these stocks to determine which one offers greater upside potential.
Here&#8217;s a quick peek into the three companies&#8217; key metrics before we dive in:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>Market Capitalization</td>
<td>2023 Revenue (Annual)</td>
</tr>
<tr>
<td>Piedmont Lithium Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>)</td>
<td>$296.158M</td>
<td>$39.82M</td>
</tr>
<tr>
<td>Lithium Americas Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>)</td>
<td>$983.780M</td>
<td>Pre-Revenue</td>
</tr>
<tr>
<td>American Battery Technology Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>)</td>
<td>$74.329M</td>
<td>Pre-Revenue</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Piedmont Lithium &#8211; Bullish On Long-Term Demand</h3>
Piedmont Lithium remains bullish about the long-term demand for lithium, despite current market fluctuations. 
CEO Keith Phillips is optimistic about North American Lithium&#8217;s (NAL) productivity trends, expecting improved efficiency and cost savings as shipments shift to North America. He sees Carolina Lithium as a key asset for the company, highlighting its ore body and low costs, and is seeking non-dilutive funding, including a DOE loan and partnerships. 
Despite potential delays, Phillips remains optimistic about the timeline for the Ewoyaa Project in Ghana, aiming for full capacity by 2027.
Piedmont Lithium stock closed the trading day Thursday at $15.28, up 3.87%. The stock has a Buy <a href="https://www.benzinga.com/quote/PLL/analyst-ratings">consensus analyst rating</a>. Recent analyst ratings on the stock have an average price target of $29.33 between BMO Capital, DA Davidson, and BTIG. That&#8217;s an implied 91.85% upside for Lithium Americas stock.
Also Read: <a href="https://www.benzinga.com/markets/commodities/24/05/38749377/piedmont-lithiums-record-quarter-for-production-coal-prices-weigh-on-rameco-royal-gold-boosts">Piedmont Lithium&#8217;s Record Quarter For Production; Coal Prices Weigh On Rameco; Royal Gold Boosts Liquidity And More: Thursday&#8217;s Top Mining Stories</a>
<h3 class="wp-block-heading">Lithium Americas &#8211; Advancing Thacker Pass</h3>
Lithium Americas is making significant strides in its Thacker Pass project in Nevada.
CEO Jon Evans and CFO Pablo Mercado are bullish about Lithium Americas&#8217; (LAC) funding prospects, expressing confidence in closing the DOE loan on time. With $147 million in cash reserves and significant progress in engineering work, LAC is on track to meet its financial and operational targets. 
They also highlight the company&#8217;s commitment to de-risking the chemical processing steps at Thacker Pass and optimizing efficiency. Cost management, particularly in reagent usage and procurement planning, is a key focus to enhance economic viability, crucial for long-term success.
Lithium Americas stock closed the trading day Thursday at $4.43, up 0.91%. Recent analyst ratings on the stock have an average price target of $6.53 between HSBC, Evercore ISI Group, and JP Morgan. That&#8217;s an implied 46.16% upside for Lithium Americas stock.
<h3 class="wp-block-heading">American Battery Technology &#8211; Leveraging Battery Recycling</h3>
American Battery Technology is uniquely positioned with its battery recycling business, which not only generates revenue but also funds future lithium resource development. This innovative approach provides a stable financial base while expanding its footprint in the lithium market.
American Battery stock is rated Outperform by analysts with a <a href="https://www.benzinga.com/quote/ABAT/analyst-ratings">consensus price target</a> of $6 a share. The stock closed the trading day Thursday at $1.33 a share, up 1.53%. This indicates an implied 344.44% upside.
Also Read: <a href="https://www.benzinga.com/markets/commodities/24/05/38884419/abat-ramps-up-nevada-facility-us-gold-receives-ck-gold-permit-tredegar-terphane-sale-under-re">ABAT Ramps Up Nevada Facility; US Gold Receives CK Gold Permit; Tredegar Terphane Sale Under Review And More: Thursday&#8217;s Top Mining Stories</a>
<h3 class="wp-block-heading">Investment Takeaways</h3>
The surge in demand for lithium driven by the energy transition presents a significant opportunity for North American lithium miners such as Piedmont Lithium, Lithium Americas, and American Battery Technology. 
Recent insights from J.P. Morgan&#8217;s fireside chats with these companies highlight their strategic positioning to capitalize on this trend. Investors looking to capitalize on the growing demand for lithium in the energy transition should carefully consider these companies&#8217; prospects and potential upside.
Read Next: <a href="https://www.benzinga.com/news/events/24/04/38190880/exclusive-lithium-market-faces-daunting-supply-demand-challenge-says-nevada-lithium-ceo">EXCLUSIVE &#8211; Lithium Market Faces &#8216;Daunting&#8217; Supply-Demand Challenge, Says Nevada Lithium CEO</a>
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Piedmont Lithium, Lithium Americas, American Battery Technology Lead The Energy Transition: Which Stock Offers More Upside?

Top Stories for May 16, 2024:
1. American Battery Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) completed construction and is ramping up production at its Nevada lithium-ion battery recycling facility, which can process 20,000 metric tons of battery feedstock per year.
<ol></ol>
In March 2024, it received $60 million in U.S. Department of Energy/IRS 48C tax credits to support its recycling facilities, and it&#8217;s negotiating the monetization of these credits.&nbsp;
The company is also working on a $10 million DOE grant for advanced battery recycling technologies and a $57.5 million DOE grant for a commercial-scale lithium hydroxide refinery.
Additionally, ABAT's updated economic assessment for its Tonopah Flats Lithium Project shows an 8% increase in average lithium grade and a 7% reduction in production costs.
2. U.S. Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAU#NASDAQ">USAU</a>) CEO George Bee announced that the Wyoming Department of Environmental Quality issued a surface gold mine permit for the CK Gold project. 
<ol start="2"></ol>
This permits the company to resume and update its prefeasibility study, aiming for completion by Q3 2024, and to advance its feasibility study.&nbsp;
The project is nearing completion of other conditions, including reclamation bond approval and final stages of pollutant discharge and air quality permits, expected by mid-year.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/news/large-cap/24/05/38873394/bhp-shareholders-anticipate-final-bid-for-anglo-american-as-deadline-nears">BHP Shareholders Anticipate Final Bid For Anglo American As Deadline Nears</a>
3. Tredegar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) previously agreed to sell its flexible packaging films business, Terphane, to Oben Group on Sept. 1, 2023, pending customary closing conditions, including competition approvals in Brazil. 
<ol start="3"></ol>
The General Superintendence of Brazil&#8217;s Administrative Council for Economic Defense (SG-CADE) issued a non-binding opinion recommending rejection of the sale.&nbsp;
The case will now move to the CADE Tribunal for further review.&nbsp;
Tredegar&#8217;s CEO John Steitz remains confident in the sale&#8217;s benefits for Brazil&#8217;s flexible packaging films market and will continue to cooperate with the CADE Tribunal to address any concerns.
4. Ivanhoe Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IE#NYSE">IE</a>) announced a multi-year commitment of $150,000 to the Native American Mining and Energy Sovereignty Initiative (NAMES) at Colorado School of Mines&#8217; Payne Institute for Public Policy. 
<ol start="4"></ol>
Executive Chairman Robert Friedland and CEO Taylor Melvin expressed excitement about supporting the initiative&#8217;s mission to empower Tribal communities and create more opportunities in the mining sector.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/news/large-cap/24/05/38826363/anglo-american-expedites-plan-to-divest-de-beers-other-assets-after-rebuffing-bhp-takeover-bid">Anglo American Expedites Plan To Divest De Beers, Other Assets After Rebuffing BHP Takeover Bid</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
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USAU

ABAT Ramps Up Nevada Facility; US Gold Receives CK Gold Permit; Tredegar Terphane Sale Under Review And More: Thursday's Top Mining Stories

Top Stories for May 13, 2024:
1. American Battery Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) commercialized its unique, large-scale battery recycling technology, achieving operations at 115% of its designed capacity in Reno, Nevada. 
<ol></ol>
This development marks the enhancement of U.S. battery metal production for strategic customers, supported by U.S. Department of Energy grants and 48C tax credits.&nbsp;
The technology enables high-yield, low-cost recovery of battery materials with minimal environmental impact, promoting the use of domestically sourced, IRA-compliant battery metals and reducing dependence on foreign entities.
2. BHP Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) made a renewed takeover offer of over $42 billion to acquire Anglo American (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>), aiming to boost its copper exposure amid rising demand for the metal due to global decarbonization efforts. 
<ol start="2"></ol>
Despite BHP&#8217;s already significant presence in the copper market, including its major stake in Chile&#8217;s Escondida mine, the world&#8217;s largest copper mine, Anglo American rejected the bid.&nbsp;
Copper only makes up about 30% of Anglo American's production.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38731223/barrick-gold-ceo-says-mergers-wont-fix-the-copper-shortage">Barrick Gold CEO Says Mergers Won&#8217;t Fix The Copper Shortage</a>
3. Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) praised the International Trade Commission&#8217;s decision to maintain tariffs on tin mill products from Japan, differentiating Japan from other countries like China, which had tariffs rejected. 
<ol start="3"></ol>
The U.S. has 12 existing antidumping orders on Japanese steel products, primarily produced by Nippon Steel.&nbsp;
Cleveland Cliffs&#8217; CEO Lourenco Goncalves highlighted the decision as validation of Japan&#8217;s unfavorable trade practices with the U.S., emphasizing the strategic importance of American ownership in the steel industry to safeguard against foreign influence on U.S. trade laws.
4. Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) declared a second quarter cash dividend of 46 cents per share, payable to shareholders on record as of June 30, 2024, with distribution around July 12, 2024.
<ol start="4"></ol>
5. Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) announced that its Executive Vice President Douglas J. Jellison will retire on June 8, 2024, after more than 33 years with the company.
<ol start="5"></ol>
President of Nucor Tubular Products Randy J. Spicer took his place on May 12, 2024.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/news/large-cap/24/05/38760388/new-mining-alliance-targets-copper-exploration-in-arizona-new-mexico-and-utah">New Mining Alliance Targets Copper Exploration In Arizona, New Mexico, And Utah</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
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American Battery Commercializes Recycling Tech; BHP's $42B Bid Rejected; Cleveland-Cliffs Praises Tin Tariffs And More: Monday's Top Mining Stories

ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>): The Dallas-based company <a href="https://www.benzinga.com/news/earnings/24/04/38515910/ati-q1-adj-0-48-beats-0-41-estimate-sales-1-04b-beat-1-03b-estimate">reported first-quarter (Q1)</a> revenue of $1.04 billion in 2024. Net income hovered at around $66 million (or 46 cents per share). 
<ul>
<li>Aerospace and defense sales rose to $616 million, driving a 7% year-over-year growth.&nbsp;</li>
<li>Adjusted net income was $68.4 million (48 cents per share), with adjusted EBITDA at $151 million, or 14.5% of sales.&nbsp;</li>
<li>The company highlighted strong demand for specialty alloys and significant improvements in cash flow in addition to completing $150 million in share repurchases.</li>
</ul>
Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>): The North Carolina-based company announced Q1 2024 shipments of about 15,500 dry metric tons (dmt) of spodumene concentrate. Piedmont also has a record quarterly production of 40,439 dmt at North American Lithium; it set a monthly record of 15,699 dmt in March. 
<ul>
<li>The company is targeting full-year shipments of approximately 126,000 dmt, predominantly in the second half of 2024 as it ramps up to full production.&nbsp;</li>
<li>Piedmont is aiming to focus on contract customers to minimize dependence on the fluctuating spot market.</li>
</ul>
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/news/large-cap/24/04/38500350/first-quantum-minerals-closes-ravensthorpe-nickel-mine-cuts-330-jobs">First Quantum Minerals Closes Ravensthorpe Nickel Mine, Cuts 330 Jobs</a>
Buenaventura (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BVN#NYSE">BVN</a>): Peru&#8217;s largest publicly-traded precious metals mining company reported an EBITDA of $94.4 million. That&#8217;s up from $51.6 million in Q1 2023. 
<ul>
<li>Net income of $67.1 million, slightly down from $72.8 million. </li>
<li>The company&#8217;s cash position stood at $174 million, with a net debt of $525.3 million, resulting in a leverage ratio of 1.87x. </li>
<li>Key developments included receiving the final operating permit for the Yumpag mine, anticipated to produce 6.5 to 7.2 million silver ounces in 2024, and $29.4 million in dividends from Cerro Verde.&nbsp;</li>
<li>Q1 CAPEX for the San Gabriel project was $38.4 million.</li>
</ul>
American Battery Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>): Scott Smith, a former Tesla executive, is now at American Battery Technology. 
<ul>
<li>American Battery named Smith vice president of financial planning and analysis to support the company&#8217;s strategic growth and lead investor relations. </li>
<li>Smith was the former Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) head of financial planning and analysis in Europe and recently moved from Berlin to the Reno headquarters.</li>
<li>He brings extensive experience in financial operations and market expansions, crucial to the company's expanding recycling and lithium manufacturing operations.</li>
</ul>
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/m-a/24/04/38469869/elliott-managements-1b-anglo-american-stake-ups-ante-as-mining-megamerger-collapses">Elliott Management&#8217;s $1 Billion Anglo American Stake Ups Ante As Mining Megamerger Collapses</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!

ATI Reports Q1 Earnings; Piedmont Lithium Boosts Production; Buenaventura Announces Q1 Results And More: Tuesday's Top Mining Stories

Key leadership position filled to facilitate ABTC's rapid growth and capital expansion projects

American Battery Technology Company Hires Former Tesla Head Of FP&A Europe, Scott Smith, As Vice President Of Financial Planning And Analysis

<h1 class="wp-block-heading">Top Stories for April 24, 2024:</h1>
<ol>
<li>American Battery Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) updated <a href="https://www.benzinga.com/news/24/04/38404516/american-battery-technology-company-publishes-updated-initial-assessment-and-economic-analysis-for-t">its initial assessment</a> for the Tonopah Flats Lithium Project (TFLP).</li>
</ol>
It refined the project&#8217;s scope to use only measured and indicated mineral resources, excluding the more speculative inferred resources.&nbsp;
This strategy improves the project's economics by enhancing access to higher-quality resources and optimizing processing at its newly built demonstration facility. 
Key updates include a 7% reduction in total processed claystone, an 8% increase in lithium grade, a 7% decrease in production costs and a 6% rise in the project&#8217;s net present value to $4.67 billion.
<ol start="2">
<li>Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) reported first-quarter results, with net sales of $4.7 billion and net income of $584 million. </li>
</ol>
Highlights include 3.3 million tons of steel shipments, operating income of $751 million and adjusted EBITDA of $879 million.&nbsp;
The company&#8217;s financial health was further supported by liquidity of $3.1 billion and shareholder returns through $298 million in stock repurchases and an 8% dividend increase.&nbsp;
Demand was solid across sectors, particularly automotive and construction, driving sequential improvements in earnings and operational performance.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/news/24/04/38390383/copper-prices-approach-2-year-highs-whats-behind-analysts-12-000-price-prediction-for-2026">Copper Prices Approach 2-Year Highs: What&#8217;s Behind Analyst&#8217;s $12,000 Price Prediction For 2026?</a>
<ol start="3">
<li>Gold Royalty Corp (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GROY#AMEX">GROY</a>) entered into a three-year mutual cooperation agreement with Taurus Mining Royalty Fund that allows both parties to co-invest in precious metals royalties and streams. </li>
</ol>
The agreement focuses on assets valued at $30 million or more and provides a framework for identifying and evaluating co-investment opportunities, with the option for each party to invest 25% to 50% in selected transactions.&nbsp;
Additionally, any future sales of interests acquired through this partnership will offer first rights to the other partner.
<ol start="4">
<li>Coeur Mining Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) released its 2023 ESG Report, emphasizing its progress in environmental, social and governance efforts aligned with shareholder value. </li>
</ol>
The report highlights Coeur&#8217;s achievement of the lowest injury rate among peers at 0.46 and its adoption of the Global Industry Standard on Tailings Management (placing it among the top 17% of non-International Council on Mining and Metals companies).
The company also shared its commitment to biodiversity through the Biodiversity Management Standard and advancements in climate resilience, aiming for a 35% reduction in GHG emissions by the end of 2024.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/m-a/24/04/38405991/equinox-gold-snaps-up-greenstone-gold-mines-for-995m-in-incredibly-rare-deal">Equinox Gold Snaps Up Greenstone Gold Mines For $995 Million In &#8216;Incredibly Rare&#8217; Deal</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
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American Battery Optimizes Lithium Project; Steel Dynamics Reports Q1 Results; Gold Royalty Teams Up With Taurus Mining And More: Wednesday's Top Mining Stories

ABTC CEO leads virtual walkthrough of one of the largest known lithium deposits in the United States with Vrify CEO Stephen De Jong&nbsp;

American Battery Technology Company Publishes Updated Initial Assessment And Economic Analysis For Tonopah Flats Lithium Project

Top Stories for April 22, 2024:
1. American Battery Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) successfully constructed and began commissioning its <a href="https://www.benzinga.com/news/24/04/38356897/american-battery-technology-company-announces-commissioning-of-first-of-kind-facility-for-manufactur">lithium hydroxide pilot plant</a> in Reno, Nevada. 
This plant marks a significant step in commercializing its proprietary technology at Nevada&#8217;s Tonopah Flats for extracting lithium from unconventional sources.&nbsp;
The pilot plant will produce battery-grade lithium hydroxide, providing samples to strategic customers to demonstrate the commercial viability of the technology.&nbsp;
A spokesperson for American Battery noted this plant is a key step toward using U.S.-based unconventional lithium sources, reducing reliance on foreign supplies and supporting the demand for battery-grade metals in a circular economy.&nbsp;
This project is supported by a $4.5 million grant from the U.S. Department of Energy.
2. ArcelorMittal Calvert, the wholly-owned subsidiary of ArcelorMittal (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AMSYF#OTC">AMSYF</a>), is set to build an advanced manufacturing facility in Calvert, Alabama, aiming to produce 150,000 metric tons of non-grain-oriented electrical steel (NOES) annually. 
This project is critical for energy applications according to the U.S. DOE&#8217;s 2023 assessment and has received $280.5 million in investment tax credits under the 48C program, backed by the Inflation Reduction Act.&nbsp;
The facility will enhance the domestic supply of NOES that is crucial for electric vehicle motors to support the U.S. goal of net-zero emissions by 2050 and also reduce import dependency.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/government/24/04/38315652/biden-plan-to-reportedly-block-alaska-mine-access-draws-industry-ire-frankly-i-am-disgusted">Biden Plan To Reportedly Block Alaska Mine Access Draws Industry Ire: &#8216;Frankly, I Am Disgusted&#8217;</a>
3. Gold Royalty (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GROY#AMEX">GROY</a>) reported preliminary Q1 results, including $4.2 million in total revenue, land agreement proceeds and interest.
Revenue was $2.9 million, equating to 2,019 gold equivalent ounces (a 112% increase from the previous year).&nbsp;
The company anticipates reaching its 2024 target of 5,000 to 5,600 gold ounces, projecting revenues of $10 million to $11.2 million, based on a gold price of $2,000 per ounce.
4. Saudi Arabia&#8217;s Manara Minerals (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FQVLF#OTC">FQVLF</a>) is close to acquiring a minority stake in Pakistan's Reko Diq gold and copper mine, with production expected to start by 2028. 
An official announcement could be made soon, facilitated by Pakistan&#8217;s Special Investment Facilitation Council.&nbsp;
Currently, Barrick Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) owns 50% of the project, with the Pakistani federal and Balochistan provincial governments each holding 25%.&nbsp;
Barrick's CEO is open to Saudi Arabia acquiring part of Pakistan's stake.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/markets/latin-america/24/04/38357624/lithium-boom-a-vote-of-confidence-for-argentinian-economic-turnaround">Eramet&#8217;s $800M Lithium Investment A Vote Of Confidence For Argentinian Economic Turnaround</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
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AMSYF

FQVLF

GOLD

American Battery Commissions Nevada Plant; ArcelorMittal To Build NOES Facility; Gold Royalty Reports Preliminary Q1 Results And More: Monday's Top Mining Stories

Pilot plant produces qualification samples for strategic customers and demonstrates commercial maturity of internally-developed production process
RENO, Nev., April 22, 2024 /PRNewswire/ -- <a href="https://americanbatterytechnology.com/">American Battery Technology Company</a>&nbsp;(ABTC) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, announced the completion of construction and start of commissioning of its lithium hydroxide (LiOH) pilot plant marking a significant milestone in the commercialization of its internally-developed processes to access an unrealized domestic primary lithium resource.
"We're excited to have completed construction of this first-of-kind&nbsp;pilot demonstration system," stated ABTC CEO Ryan Melsert. "We have already generated thousands of liters of lithium solution from our claystone feedstock material demonstrating our selective lithium liberation technologies."
The construction and commissioning of this pilot plant enables ABTC to demonstrate its technologies for accessing the lithium housed in its unconventional resource, <a href="https://americanbatterytechnology.com/projects/tonopah-flats/">Tonopah Lithium Flats Project</a>, in an integrated and continuous system, and to generate large amounts of battery grade lithium hydroxide for delivery to customers for qualifications and evaluation. The construction and operation of this pilot demonstration plant are supported by a competitively awarded <a href="https://www.energy.gov/eere/amo/articles/energy-department-selects-15-projects-advance-critical-material-innovations">grant from the U.S. Department of Energy</a>&nbsp;(DOE)&nbsp;for this $4.5M effort.
Testing and validation of the lithium hydroxide from the hundreds of tonnes of claystone material processed at this plant will be performed by prospective customers such as automotive OEMs, battery manufacturers, and cathode manufacturers. Over a dozen prospective strategic customers have already toured this pilot facility in recent months, and ABTC is currently evaluating opportunities for the long-term&nbsp;offtake of its battery grade lithium hydroxide.
Lithium products are generally manufactured from conventional resources, which include hard rock spodumene materials primarily from western Australia and lithium-rich brines primarily from South America, however the U.S. does not have large quantities of these developed conventional resources. In order to significantly increase U.S. production of battery grade lithium products, ABTC has been developing its Tonopah Flats Lithium Project (TFLP) with over 10,000 acres of lithium-bearing&nbsp;claystone resource which has been assessed to be one of the largest lithium resources in the U.S.
ABTC plans to further evolve this technology by constructing a commercial-scale 30,000 tonnes lithium hydroxide per year refinery utilizing this system design directly at its TFLP property. In October 2022, ABTC was selected for an additional competitively awarded grant from the U.S. DOE for a <a href="https://americanbatterytechnology.com/press-release/american-battery-technology-company-selected-for-us-doe-grant-for-115m-first-of-kind-commercial-scale-lithium-manufacturing-facility/">$115M project</a> to support the construction of this commercial refinery. ABTC has <a href="https://americanbatterytechnology.com/press-release/abtc-engages-world-class-global-engineering-procurement-and-construction-solutions-leader-black-veatch/">engaged one of the premier global construction firms, Black &amp; Veatch</a>, for the engineering, procurement, and construction of this commercial-scale lithium hydroxide refinery.
Concurrently, the company is also commercializing its first-of-kind technologies for its battery recycling operations and has successfully manufactured a large inventory of recycled battery metal products at its <a href="https://americanbatterytechnology.com/projects/recycling-plant/">commercial-scale recycling facility</a> in Storey County, Nevada. &nbsp;ABTC's internally-developed recycling process utilizes an upfront strategic de-manufacturing process followed by a targeted chemical extraction train in order to recover battery materials with high yields, low cost, and with a low environmental footprint. These ABTC recycling technologies have won several competitive corporate awards and government grants and are fundamentally different than conventional methods of battery recycling, which generally utilize either high temperature smelting operations or non-strategic shredding systems.
Bringing first-of-kind technologies to market, ABTC's battery recycling and primary battery metals commercialization efforts support the buildout of a domestically-sourced battery metals circular supply chain.

American Battery Technology Company Announces Commissioning Of First-Of-Kind Facility For Manufacturing Of Battery Grade Lithium Hydroxide From Nevada Claystone Deposit

Top Stories for April 4, 2024:
<ol>
<li>Radius Recycling (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) reported a fiscal second-quarter loss of $34 million (per-share loss of $1.19), adjusted EBITDA of $3 million and per-share loss of $1.04 <a href="https://www.benzinga.com/news/earnings/24/04/38088715/schnitzer-steel-q2-adj-1-04-beats-1-09-estimate-sales-621-06m-miss-626-15m-estimate">from continuing operations</a>. </li>
</ol>
The company faced challenges in the quarter due to tight recycled metal supplies, adverse weather and low U.S. manufacturing activity.&nbsp;
Ferrous sales dropped 15% quarter-over-quarter, nonferrous sales fell 3% but grew 7% year-over-year and finished steel sales rose 5% year-over-year but fell 11% quarter-over-quarter.&nbsp;
The company initiated a plan to cut SG&amp;A by 10% and improve production efficiency, aiming for $40 million in annual benefits and adding to a prior $30 million benefits plan.
<ol start="2">
<li>American Battery Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) was granted an additional $40.5 million through the 48C program for a new battery recycling facility in the U.S., adding to an initial $20 million tax credit for a Nevada project.&nbsp;</li>
</ol>
This award comes from a competitive process by the U.S. Department of Energy to support the company's efforts in low-cost, environmentally friendly lithium-ion battery recycling and the production of recycled battery materials.&nbsp;
CEO Ryan Melsert mentioned extensive engagement with major automotive and battery manufacturers and plans for this new facility to increase domestic critical battery mineral manufacturing, leveraging the new government-supported investment.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/markets/commodities/24/04/38079319/gold-fields-celebrates-first-gold-pour-at-salares-norte-boosts-chilean-production-outlook">Gold Fields Celebrates First Gold Pour At Salares Norte, Boosts Chilean Production Outlook</a>
<ol start="3">
<li>Nexa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEXA#NYSE">NEXA</a>) priced a $600-million offering of 6.75% senior unsecured notes guaranteed by two subsidiaries due in 2034, aiming for an April 9, 2024, closing. </li>
</ol>
The proceeds are mainly intended to fund a cash tender offer for existing notes due in 2027 and 2028, with any remainder for general corporate purposes.&nbsp;
The sale is targeting qualified institutional buyers and non-U.S. persons.
<ol start="4">
<li>Large investors are showing a predominantly bearish stance on Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), as revealed by Benzinga&#8217;s tracking of public options activities, which detected unusual activity of nine notable transactions.&nbsp;</li>
</ol>
The sentiment among these investors is mixed, with 44% bullish and 55% bearish. The trading involved two puts worth $250,920 and seven calls valued at $805,535, suggesting an expected price range for Newmont of $30 to $42.50 in the coming three months.
<ol start="5">
<li>Deutsche Bank analyst Liam Fitzpatrick maintained Vale S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) with a Hold and lowered his <a href="https://www.benzinga.com/quote/VALE/analyst-ratings">price target</a> from $18 to $16.</li>
</ol>
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/markets/asia/24/04/38090219/will-copper-reach-10-000-an-essential-metal-that-faces-an-uncertain-future">Will Copper Reach $10,000? &#8216;An Essential Metal That Faces An Uncertain Future&#8217;</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Illustration created using artificial intelligence via MidJourney.

Equities

NEXA

RDUS

VALE

Radius Recycling Reports Q2 Results; American Battery Awarded Another $40.5 Million; Nexa Prices $600 Million Offering And More: Thursday's Top Mining Stories

Award to supplement capital expenditures to accelerate construction and commissioning of next-generation lithium-ion battery recycling facility to enable expanded North American closed-loop battery metals supply chain
RENO, Nev., April 4, 2024 /PRNewswire/ -- <a href="https://americanbatterytechnology.com/">American Battery Technology Company</a> (ABTC) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, has been selected for an additional award of $40.5 million through the <a href="https://www.energy.gov/articles/biden-harris-administration-announces-4-billion-tax-credits-build-clean-energy-supply">Qualifying Advanced Energy Project Credits program (48C)</a>&nbsp;to support the design and construction of a new, next-generation, commercial battery recycling facility to be located in the United States. As with ABTC's initial <a href="https://americanbatterytechnology.com/press-release/american-battery-technology-company-awarded-20-million-tax-credit-through-competitive-us-doe-process-to-advance-its-critical-minerals-battery-recycling-facility/">$20 million tax credit award</a>&nbsp;under the 48C program supporting the construction and buildout of its battery recycling facility in Nevada, this additional award was granted by the U.S. Department of Treasury Internal Revenue Service following a highly competitive technical and economic review process performed by the U.S. Department of Energy (DOE), which evaluated the feasibility of applicant facilities to advance America's buildout of globally competitive critical material recycling, processing, and refining infrastructure.
"ABTC and our partners have been engaging with nearly every major automotive OEM and battery cell manufacturer in the world to present the services we offer of domestic, low-cost, and low environmental impact recycling of lithium-ion batteries, the manufacturing of precursor materials, and the synthesis of refined materials such as high-recycled metal content high energy density cathode active material (CAM)," stated American Battery Technology Company CEO Ryan Melsert. "We are now at the point where we have more feedstock battery material for recycling under negotiations than can be processed in our current Nevada facility, and as a result we have been conducting preliminary design and site selection processes for our next commercial-scale recycling facility.
Melsert continued, "This next facility will be strategically aligned with our partner facilities in location and throughput, and we are excited to have received this support from the U.S. Government to apply these $40.5M in credits towards the accelerated construction and start of operations of this pivotal facility intended to significantly increase the Nation's capacity to manufacture domestic critical battery minerals."
ABTC is commercializing its internally-developed recycling process that utilizes an upfront strategic de-manufacturing process followed by a targeted chemical extraction train in order to recover battery materials with high yields, low cost, and a low environmental footprint. These ABTC recycling technologies have won several competitive corporate awards and government grants and are fundamentally different than conventional methods of battery recycling, which generally utilize either high temperature smelting operations or non-strategic shredding systems.
ABTC has been awarded over $60 million through the 48C program and over $70 million in U.S. DOE grants to support investment in the company's battery recycling and primary battery metals commercialization efforts to buildout a domestic battery metals circular supply chain.
ABTC is working to foster improved access to jobs for members of the community, including under-represented individuals and those facing barriers to employment, by leveraging U.S. DOE investments and through partnerships with workforce development and government agencies.

Contracts

American Battery Technology Company Awarded Additional $40.5M Competitive Tax Credit To Accelerate Construction Of Next Battery Recycling Facility

EC, ABAT and BORR among pre-market losers

Commodity Roundup: Gold at record high, oil reverses gains

Ur-Energy, American Battery Technology set to join Russell Microcap; Uranium Energy out

Ur-Energy, American Battery set to join Russell Microcap; Uranium Energy out

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pre-market stock movers are a hot topic on Friday and we&rsquo;re breaking down all of the latest news sending shares higher and lower this morning!



Moving stocks are new orders and agreements, earnings reports, public offerings and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>African Agriculture (NASDAQ:<a href="https://investorplace.com/stock-quotes/aagr-stock-quote/">AAGR</a>) stock is rocketing more than 76% alongside heavy pre-market trading.</li>



<li>Cosmos Health (NASDAQ:<a href="https://investorplace.com/stock-quotes/cosm-stock-quote/">COSM</a>) shares are soaring over 56% on a <a href="https://www.nasdaq.com/press-release/cosmos-health-signs-exclusive-distribution-agreement-pharmalink-its-sky-premium-life">distribution agreement and purchase order</a>.</li>



<li>Ocean Power Technologies (NYSEMKT:<a href="https://investorplace.com/stock-quotes/optt-stock-quote/">OPTT</a>) stock is surging more than 55% after <a href="https://www.nasdaq.com/press-release/ocean-power-technologies-signs-oem-agreement-key-maritime-technology-provider">signing an OEM agreement</a>.</li>



<li>CARISMA Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/carm-stock-quote/">CARM</a>) shares are gaining over 41% on a dr<a href="https://www.prnewswire.com/news-releases/carisma-therapeutics-announces-nomination-of-first-in-vivo-car-m-development-candidate-for-hepatocellular-carcinoma-under-collaboration-with-moderna-302185002.html">ug development candidate nomination</a>.</li>



<li>Actelis Networks (NASDAQ:<a href="https://investorplace.com/stock-quotes/asns-stock-quote/">ASNS</a>) stock is rising more than 19% on <a href="https://www.investing.com/news/company-news/actelis-secures-300k-order-for-italian-transport-project-93CH-3500256">a $300,000 order</a>.</li>



<li>Emerson Radio (NYSEMKT:<a href="https://investorplace.com/stock-quotes/msn-stock-quote/">MSN</a>) shares are heading over 19% higher witout any clear news.</li>



<li>Infinera (NASDAQ:<a href="https://investorplace.com/stock-quotes/infn-stock-quote/">INFN</a>) stock is increasing more than 19% on a <a href="https://www.marketwatch.com/story/infineras-stock-rockets-22-after-2-3-billion-purchase-by-nokia-2125f317">$2.3 billion purchase order</a>.</li>



<li>ECD Automotive Design (NASDAQ:<a href="https://investorplace.com/stock-quotes/ecda-stock-quote/">ECDA</a>) shares are climbing over 12% alongside its <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318421650&amp;type=PDF&amp;symbol=ECDA&amp;cdn=c600c816f00588b364ea61c3034e71c9&amp;companyName=ECD+Automotive+Design+Inc.&amp;formType=10-Q&amp;formDescription=General+form+for+quarterly+reports+under+Section+13+or+15%28d%29&amp;dateFiled=2024-06-27">latest earnings report</a>.</li>



<li>American Battery Tech (NASDAQ:<a href="https://investorplace.com/stock-quotes/abat-stock-quote/">ABAT</a>) stock is jumping more than 11% on Friday morning.</li>



<li>Connexa Sports Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/yyai-stock-quote/">YYAI</a>) shares are up over 10% following a <a href="https://www.nasdaq.com/press-release/connexa-announces-1-20-reverse-split-remedy-bid-price-delisting-notice-2024-06-25">reverse stock split to regain compliance</a>.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Nexalin Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/nxl-stock-quote/">NXL</a>) stock is plummeting more than 33% after <a href="https://www.nasdaq.com/press-release/nexalin-technology-announces-pricing-52-million-public-offering-2024-06-27">pricing a public offering</a>.</li>



<li>Elicio Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/eltx-stock-quote/">ELTX</a>) shares are diving over 26% on a <a href="https://www.nasdaq.com/press-release/elicio-therapeutics-announces-proposed-public-offering-2024-06-27">proposed public offering</a>.</li>



<li>Accolade (NASDAQ:<a href="https://investorplace.com/stock-quotes/accd-stock-quote/">ACCD</a>) stock is tumbling more than 26% <a href="https://finance.yahoo.com/news/accolade-accd-reports-q1-loss-211502651.html">alongside a Q1 earnings miss</a>.</li>



<li>Anitra (NYSEMKT:<a href="https://investorplace.com/stock-quotes/aztr-stock-quote/">AZTR</a>) shares are taking an over 24% beating on Friday morning.</li>



<li>Inspire Veterinary (NASDAQ:<a href="https://investorplace.com/stock-quotes/ivp-stock-quote/">IVP</a>) stock is dropping more than 20% this morning.</li>



<li>Gain Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/ganx-stock-quote/">GANX</a>) shares are falling over 19% after <a href="https://www.nasdaq.com/press-release/gain-therapeutics-inc-appoints-gene-mack-interim-ceo-2024-06-27">announcing an interim CEO</a>.</li>



<li>Assure (NASDAQ:<a href="https://investorplace.com/stock-quotes/ionm-stock-quote/">IONM</a>) stock is decreasing more than 16% <a href="https://investorplace.com/2024/06/why-is-assure-ionm-stock-up-191-today/">after a rally yesterday</a>.</li>



<li>American Well (NYSE:<a href="https://investorplace.com/stock-quotes/amwl-stock-quote/">AMWL</a>) shares are slipping over 14% on <a href="https://www.stocktitan.net/news/AMWL/amwell-announces-reverse-stock-4im1mwzldvbn.html">reverse stock split news</a>.</li>



<li>Royalty Management (NASDAQ:<a href="https://investorplace.com/stock-quotes/rmco-stock-quote/">RMCO</a>) stock is sliding more than 14% today.</li>



<li>Nike (NYSE:<a href="https://investorplace.com/stock-quotes/nke-stock-quote/">NKE</a>) shares close out our pre-market stock movers down over 14% on <a href="https://finance.yahoo.com/news/nike-stock-sinks-after-company-projects-larger-sales-decline-than-expected-in-2025-192129443.html">an expected sales declinein 2025</a>.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/06/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-june-28th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday

American Battery Tech wins deal for bulk purchase of recycled black mass material

American Battery Technology (ABAT) has issued an announcement. American Battery Technology Company has announced the appointment of Steven Wu as th...

American Battery Technology Appoints Steven Wu as New COO

American Battery appoints Steven Wu as COO, succeeds Andrés Meza

DoE awards $3B for 25 projects to boost U.S. battery production

American Battery Technology ( ($ABAT) ) has provided an announcement. American Battery Technology Company received shareholder approval for its 202...

American Battery Technology Strategic Shareholder Approvals and Plans

AAGR

ABIO

ACCD

ACES

ACHL

AMWL

ASNS

ASPI

AZTR

BATT

BORR

CARM

CNRG

CORN

COSM

CPER

CRKN

CRML

DRIV

ECDA

ELTX

EQNR

ERTH

FLGC

GANX

GATO

GCTS

GDXJ

GORO

HAIL

HGAS

HSDT

HWKN

ICLN

IDRV

INFN

IONM

JZXN

KARS

KYCH

LGVC

LIFW

NUGT

ONMD

OPTT

ORGN

PALL

PHYS

PSLV

QCLN

REPX

RMCO

SMOG

SOYB

TPCS

VOXR

WEAT

XTIA

YYAI

Press Releases

American Battery Technology Company Hires Former Tesla Head of FP&A Europe, Scott Smith, as Vice President of Financial Planning and Analysis

American Battery Technology Company Ramps its Lithium-Ion Battery Recycling Facility and Operates at Over 115% Design Rate

Small Cap

American Battery Technology Company Releases Third Quarter Fiscal Year 2024 Financial Report

American Battery Technology Company Invited to Share Diverse Industry Expertise and Company Progress at Upcoming Events

American Battery Technology Company Successfully Manufactures Lithium Hydroxide from its First-of-Kind, Nevada-Based Claystone Integrated Demonstration Facility

US Department of Energy Secretary Jennifer Granholm Tours American Battery Technology Company Commercial Facilities

American Battery Technology Company Announces Commercial Transaction for Bulk Purchase of Recycled Black Mass Material by Domestic Strategic Customer

American Battery Technology Company Appoints Manufacturing Scale-Up Expert Steven Wu as Chief Operating Officer to Accelerate Expansion of Battery Metals Manufacturing Operations

American Battery Technology Company Selected for Highly Competitive $150 Million Federal Grant to be Applied Towards the Construction of its Second Lithium-Ion Battery Recycling Facility

American Battery Technology Company Releases Fiscal Year 2024 Financial Results

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares)

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