American Battery Tech 주식 (NASDAQ: ABAT)

American Battery Tech (NASDAQ:ABAT) 주식

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.

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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

lithium field ai

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

Region,Del,Maule,,Chile,-,Miner,Inside,The,Access,Tunnel

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

WIIM

American Battery Technology shares are trading higher after the company announced it received a letter-of-intent (LOI) from EXIM bank $900 million in financing.

News

Financing

American Battery Technology Company Receives Letter of Interest From Export-Import Bank of the United States For $900M In Financing To Support Construction Of Commercial-Scale Lithium Mine And Claystone-To-Lithium Hydroxide Refinery

<a href="https://www.globenewswire.com/Tracker?data=7G-0nNgbDdAExGKOqxZ5SLi7OrRY8Dx290h7f2D6msguThfsjkrFZCewrEINkQneLbETaRYgA7xeENXBWj58aYdPlwX9h4bq9uD6icC3PW8H7KULqdmrJGxgGwq6fGujM_zkICXqlicsRsX-RurZqg==">&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 completed its fourth drill program at its <a href="https://www.globenewswire.com/Tracker?data=l86Zz1HxZvBFkdatLmIUeZgGbp7ql5jdO10mgqKk1XL5PavNR_7T1vn3y8bbqMSpZQ7GRIlJyVReFjbXM6QiWtljHD8fkWX0282dPVvPXT3HeLZrBirQDjPev146h-MCv8rf-9cMnlT7uaKiyijsJbl8tj17P0MoR7yzuw2lyKY=">Tonopah Flats Lithium Project</a> (TFLP). This marks an important milestone in the company's effort to accelerate the commercialization of its domestic lithium resource in alignment with President Trump's recent executive order <a href="https://www.globenewswire.com/Tracker?data=gY5KThL3Ym2G2HB3DYWBHIw0jBxs_YBTozBiK5qzfzaygwYQNK5AF0by8B2Dkyh0KxtL5VVbzPduu7KgMiT_oc9h7d-jC8bdoAaFdUTMZmwGD2kZsxK9objfEXjwGJr3m1viED1wj8wNiTH3QPKb18C_n__Av_JaqGyXizu9jDmlu0TCeIrL0A5nK8UIxIcF9mVUL5FZ_igzc3b_LFGM2EvyWOSc26FdMIB9RRTYHTs9ISYscD7Ngg4Ul9LeHLjMRT7Q5008hHFn1hrqx3cgHw==">Immediate Measures to Increase American Mineral Production</a>.

American Battery Technology Company Completes Fourth Drill Program At Tonopah Flats Lithium Project, Advancing Efforts To Commercialize Domestic Lithium Resources

<a href="https://www.globenewswire.com/Tracker?data=VxHo1_SeeSOuaURybab7ked29qE8ezMZodvTjLAvq_Kg9d4AUSOr1SJKUM6OgiyjgYMu4e1R2PjJUryKu50XfXQfoqDwRZvsqzAUQY0B8Ie44KmsQdo8EJ8ee99tsoG_uCWOsd9ebAUapgCgfmYxHg==">American Battery Technology Company&nbsp;</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 announced the sale of one of its unused legacy properties located at 395 Logan Lane in Fernley, Nevada. This 12-acre property entered into contract to sell for $6.75 million, with the transaction expected to close on or before July 10, 2025. &nbsp;
This strategic sale will support the company's mission to advance its lithium-ion battery recycling technologies and streamlined operations at its commercial-scale battery recycling facility in the Tahoe-Reno Industrial Center (TRIC) at 2500 Peru Drive, McCarran, Nevada. The prioritization of this operational facility at TRIC allows ABTC to continue its focused implementation on its innovative recycling processes that are critical to developing a domestic supply of refined battery materials.

Contracts

Asset Sales

American Battery Technology Announces $6.75M Sale Of Legacy Property In Fernley, Nevada, To Support Advancements In Lithium-Ion Battery Recycling And Operations At TRIC Facility

<ul>
<li>Achievement demonstrates capabilities of company's internally-developed, first-of-kind, commercial-scale battery recycling technologies for recovery of battery critical materials that meet stringent material quality specifications and standards 
<ul>
<li>Increase in production capacity has been supported by implementing 24/7 continuous operations and enhancing manufacturing operations throughput at its facility</li>
</ul>
</li>
</ul>

American Battery Technology Doubles Quarterly Production At Lithium-Ion Battery Recycling Facility

Earnings

American Battery Technology Q2 EPS $(0.18) Up From $(0.21) YoY; Revenue $332,440 Up From $0. YoY

<a href="https://www.globenewswire.com/Tracker?data=7E0_NLrhr9ma3wwJMK3dFu7rJtkAEVbU1dihJL-NdXxxmiB8lnYthTGunOhgJ8F-AjDM2fhilLh0E_qtxbeZpsOUklND4JyQjS2C66C6kEy1MF76C48qsl3Q-iX3XOFg7ahOQ-LMinWWOYnd-IUJ8w==">&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 commenced a new drill program aimed to accelerate the commercialization of its <a href="https://www.globenewswire.com/Tracker?data=4n9bOfhGXjxGL1aSpFszQNPd_GUYjH80TeI6EoEyKKwmdBy_nSIHKMoTVAs1pSycUy_-I224ADYMq64JLQKBF-i0jiOvhqQ5AGIv_9tKvDq6zSmof3kiZR3OJlnpCFqydarrTlZhLR8f5Zgal2g8rwhAdBITy0zxp5JIyzy8ELE=">Tonopah Flats Lithium Project</a> (TFLP).
In April 2024, American Battery Technology Company (ABTC) published its <a href="https://www.globenewswire.com/Tracker?data=gaOoyZVBf92OdG01mMk2OZIVjIa0Fg6v9s2aaYnFi4g5n55T37dMKDjF65SYhaoaOKldSaQrQNQ-51MIVO_tptHdlHM4eDWtQ0aCs3xYQHTvCZrnStznlhzIBranWzAMUDF1aRx1BfPsaBvGVnPWYUYchtXq1JFir2TZdfzj5zW1vYjBfYMqNA0Qkmh0sBrjYBKlUIj3nF9CoaQpZxrQbLXSnYRz9NTmhtigYxP6LWQo8v-NwWV9AB_bpjATD2CHOQg3YsPN1EHJg802y5Spu3T0zlx1TSOEYB8KWb8fz4Nl_NWh02278DTLXCFAvZ5eGHIPJ-ejBfktWfemQkDBG_rADVv-2OPMZQ9628JHP2bDTDTbVPVZ_emhiZtdmK7d4wFB9-UGVlAv4yAa-Iikpg==">Amended Initial Assessment</a>, which concluded that the TFLP is one of the largest known lithium resources in the United States, containing approximately 21.2 million tons of economically accessible lithium (LCE), and that commercial quantities of battery grade lithium hydroxide could be manufactured at a production cost of $4,302/ton.
The next step in accelerating the commercialization of this resource is the completion and publication of a prefeasibility study (PFS). &nbsp;A critical operation of the PFS is performing this drill program to provide the geotechnical data to define the structural mine pit shape, to increase the resolution of the 3D resource model, and to add to the understanding of the high-grade continuity within the proposed pit.&nbsp;&nbsp;
This drill program also includes core sample collections which will be assayed and characterized to further define the resource to the previously unexplored southwest section of the claim block and to work to increase the size of the overall lithium resource.
The company has selected and engaged Truth North Drilling of Tonopah, Nevada for the core sample collections. Additionally, Barr Engineering, a nationally recognized, top-tier mining engineering firm has been engaged to support the company in the design and development of its ‘mine plan of operation' and the publication of its PFS for the TFLP.
ABTC has already successfully manufactured battery grade lithium hydroxide material from its TFLP claystone resource utilizing its internally developed integrated demonstration-scale facility. &nbsp;ABTC has <a href="https://www.globenewswire.com/Tracker?data=pMlFIliCFoJhNlcrtWMDhUkTlBACn3obUpW8qOH8DeQtOIOktWNBWk8kBN4jbNtAu_MN_qSVzJu2A9sXgenBAjKqsTRZwjnPYul63VkMci6fOQmAEcmf_vSnBV4mD6qW1v2zyju1F_GMQCcTSAOKVzTtBtyXvMnNzOqkTjTXkw-p_4Qpim6BjRTFO-VaRTcSJed4CSBw-aDxDE5fTc-wbo9UsrvAsaf4kyn4OTx0eUhOYv4ZFiVWpI1r3CRs86ZeA3usvYjSO_3IiHcCs09pYGnVa4AOT89Z0u4Xzc0-WLyFUj-3KQkIgzDz17i3U3ZDSelaj36fMCOlPCjBKeA4Pg==">engaged one of the premier global construction firms, Black &amp; Veatch</a>, for the engineering, procurement, and construction of a 30,000 tonnes per year commercial-scale lithium hydroxide refinery to be constructed directly at the TFLP resource.
Throughout the world lithium products are generally manufactured from conventional feedstock 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 conventional resources. As a result, in order to significantly increase domestic-U.S. production of battery grade lithium products, ABTC has developed its own technologies to be able to access the lithium within unconventional lithium-rich claystone material that is found in central Nevada to manufacture these battery grade lithium materials in a low cost and low impact fashion.

American Battery Technology Announces New Drill Program To Boost Tonopah Flats Lithium Project; 21.2M Tons Lithium Resource Identified; Prefeasibility Study Underway With Truth North Drilling And Barr Engineering; Plans 30K Ton/Year Lithium Hydroxide Refinery With Black & Veatch

After Maintaining $1.00+ Closing Bid Price For Over 10 Consecutive Days

American Battery Technology Regains Nasdaq Compliance

Shares of Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) rose sharply in today's pre-market trading after the company announced it has entered into a definitive agreement for a strategic <a href="https://www.benzinga.com/24/12/42634166/rumble-stock-soars-on-775-million-investment-from-tether-what-to-know">investment of $775 million from Tether</a>.
Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) has agreed to purchase 103.33 million shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross proceeds to Rumble.
Rumble shares jumped 43.3% to $10.31 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Reliance Global Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) gained 234% to $4.01 in pre-market trading.</li>
<li>Phio Pharmaceuticals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHIO#NASDAQ">PHIO</a>) gained 88.6% to $3.32 in pre-market trading. Phio Pharmaceuticals, last week, announced a $1.15 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) climbed 82.3% to $0.4334 in pre-market trading after surging 63% on Friday. Edible Garden recently announced it experienced a 51% year-over-year increase in its preliminary Thanksgiving period sales.</li>
<li>JIADE Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) gained 60.9% to $0.8530 in pre-market trading. JIADE received Nasdaq notification letter regarding minimum bid price deficiency.</li>
<li>American Battery Technology Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) rose 44.1% to $1.60 in pre-market trading. On Friday, American Battery Technology priced its $5 million registered direct offering of 5 million shares at $1.00 per share.</li>
<li>SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) gained 30.9% to $3.60 in pre-market trading after jumping more than 36% on Friday.</li>
<li>Brenmiller Energy Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNRG#NASDAQ">BNRG</a>) rose 28.8% to $0.9700 in pre-market trading after the company was awarded ISO/IEC 27001:2022 certification.</li>
<li>Honda Motor Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) gained 18% to $28.19 in pre-market trading. Honda Motor and Nissan Motor Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) have started talks for a potential merger.</li>
<li>Kodiak Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOD#NASDAQ">KOD</a>) rose 14.9% to $9.94 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Conduit Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDT#NASDAQ">CDT</a>) shares tumbled 28.9% to $0.0531 in pre-market trading after jumping 14% on Friday. Conduit Pharmaceuticals recently announced it entered an agreement with Sarborg to leverage AI and its cybernetics platform to evaluate key deliverables across multiple areas of operations.</li>
<li>Helius Medical Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSDT#NASDAQ">HSDT</a>) declined 25.7% to $0.6759 in pre-market trading after jumping around 101% on Friday.</li>
<li>Onfolio Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONFO#NASDAQ">ONFO</a>) fell 24.4% to $1.21 in pre-market trading. Onfolio Holdings announced a quarterly preferred stock cash dividend of 75 cents per share.</li>
<li>iLearningEngines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AILE#NASDAQ">AILE</a>) shares fell 24.3% to $0.6703 in pre-market trading after declining 9% on Friday.</li>
<li>ConnectM Technology Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTM#NASDAQ">CNTM</a>) shares dipped 20% to $0.83 in pre-market trading after falling 8% on Friday. ConnectM Technology Solutions, last week, announced a year-over-year increase in third-quarter revenue results.</li>
<li>TPI Composites, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPIC#NASDAQ">TPIC</a>) fell 19.2% to $1.94 in today's pre-market trading after jumping 97% on Friday.</li>
<li>Aptose Biosciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APTO#NASDAQ">APTO</a>) dipped 17.8% to $0.2293 in pre-market trading after jumping 64% on Friday. Aptose Biosciences, last week, announced it was granted an extension to provide compliance evidence for a continued Nasdaq listing.</li>
<li>Core Laboratories Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLB#NYSE">CLB</a>) fell 11% to $15.00 in pre-market trading.</li>
<li>Astria Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXS#NASDAQ">ATXS</a>) shares fell 10.8% to $8.53 in pre-market trading.</li>
<li>SIGA Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGA#NASDAQ">SIGA</a>) fell 8.5% to $5.41 in pre-market trading.</li>
</ul>
Now Read This: &lt;a href=&#8221;https://www.benzinga.com/news/earnings/24/04/38307448/investor-sentiment-decreases-further-s-p-500-falls-for-fourth-straight-session&#8221;&gt;&lt;em&gt; Investor Sentiment Decreases Further, S&amp;P 500 Falls For Fourth Straight Session&lt;/em&gt;&lt;/a&gt;

Pre-Market Outlook

Markets

Movers

Trading Ideas

$USDT

AILE

APTO

ATXS

BNRG

CNTM

EDBL

HSDT

JDZG

LAES

NSANY

ONFO

PHIO

RELI

SIGA

TPIC

Why Rumble Shares Are Trading Higher By Around 43%; Here Are 20 Stocks Moving Premarket

Offerings

American Battery Technology Prices $5M Registered Direct Offering Of 5M Shares At $1.00/Share

American Battery Technology Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) shares surged on Monday after the company secured a $144 million grant from the <a href="https://www.benzinga.com/topic/energy">U.S. Department of Energy (DOE)</a>. 
The funds will go toward constructing a commercial-scale lithium-ion battery recycling facility.
This new facility, developed in collaboration with Argonne National Laboratory, is ABAT&#8217;s second. It will process approximately 100,000 tonnes of battery materials annually, including end-of-life and manufacturing scrap materials.
The project is expected to generate 1,200 construction jobs and 300 operational roles. The contracted grant award is set to begin on Jan. 1, 2025.
The output will include battery-grade nickel, cobalt, manganese, and lithium hydroxide for the North American market.
This second lithium-ion battery recycling facility is designed to scale its first facility by five times, employing internally developed processes for the strategic de-manufacturing and chemical extraction of battery-grade products.
ABAT has a strategic agreement with BASF, a leading cathode manufacturer, for the purchase of these battery-grade metals.
The company&#8217;s R&amp;D, project management, and engineering teams, many of whom were part of Tesla&#8217;s Gigafactory design and engineering teams, have played a key role in scaling the commercialization of this facility.
In line with its strategy to build a commercial battery metals supply chain for North America, ABTC&#8217;s new facility will involve multiple partners, including BASF, Siemens, Clemson University, Argonne National Laboratory, and the South Carolina Electric Transportation Network.
American Battery Technology Company CEO Ryan Melsert said the grant contract from the U.S. DOE &#8220;will directly support the additional capacity required to process the quantity of materials demanded from the domestic automotive and battery industry,&#8221;  
This week, American Battery Technology entered the U.S. DOE&#8217;s Battery Workforce Challenge and introduced a new &#8220;Design for Recyclability&#8221; category for this three-year collegiate <a href="https://www.benzinga.com/pressreleases/24/12/g42512635/american-battery-technology-company-joins-u-s-department-of-energy-and-industry-partners-to-develo" target="_blank" rel="noreferrer noopener">and vocational engineering competition</a>.
Price Action: ABAT shares are up 24% at $1.069 at the last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/commodities/24/08/40401135/exclusive-federal-support-is-essential-for-lithium-production-says-american-battery-technolog" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Federal Support Is &#8216;Essential&#8217; For Lithium Production, Says American Battery Technology CEO</a></li>
</ul>
Image: Shutterstock

Equities

Small Cap

ABAT Shares Surge After US DOE Gives $144 Million Grant For Battery Recycling Facility

American Battery Technology shares are trading higher after the company announced it received a contracted grant award for $144 million of federal investment by the U.S. Department of Energy to support the construction of a new lithium-ion battery recycling facility.

Highly competitive grant award facilitates significant expansion of company's internally-developed commercial lithium-ion battery recycling operations, with an additional 100,000 tonnes/year of battery materials
<ul>
<li>Highly competitive grant award facilitates significant expansion of company's internally-developed commercial lithium-ion battery recycling operations, with an additional 100,000 tonnes/year of battery materials processing capacity &nbsp;</li>
<li>Second facility has a design capacity five times the throughput of the company's first lithium-ion battery recycling plant, based on scale of domestic end-of-life materials market</li>
</ul>

American Battery Technology Wins $144M Grant Contract From U.S. Department Of Energy For Construction Of Second Lithium-Ion Battery Recycling Facility

&nbsp;
Public and private industry partners from each sector of the electric vehicle (EV) circular supply-chain chosen to establish real world environment to train and develop next generation battery and EV workforce.
&nbsp;
<ul>
<li>American Battery Technology Company (ABTC), representing battery recycling sector, to support the development of a new U.S. energy manufacturing workforce alongside public and private partners such as the U.S. Department of Energy, Argonne National Laboratory, Stellantis, Samsung SDI America, and the Volta Foundation.
	&nbsp;</li>
<li>Top industry talent at ABTC supports future battery workforce to design battery packs for a Stellantis vehicle with more environmentally and economically sustainable materials and practices to build future talent capacity for the North American battery supply chain.</li>
</ul>
<a href="https://www.globenewswire.com/Tracker?data=WDq460AW8tpsTWOaHxt4DcGaDrDHFp24fclR62CJeFQ2_wpbcMtzELxMs6uZeVEfJTnTYR8qsQe5n_wvNDbb2aNJ6FNxopsHA_37c0s0ba2MIaoKlTGyn9p2SHKAqcN_IFAyngb0cl9hRXFoc_-ibw==">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, is pleased to announce its entrance into the U.S. Department of Energy&#39;s <a href="https://www.globenewswire.com/Tracker?data=32WuxLTh7-Elx5VJ-5gpA7lrs649wOw9v0K21_msefLYMJj1JZQsVnu5j2gyw1nPjQe9FPvPTI49GUqcMd0iMqS3JEaqZJmPC4m71DClBgeUFOWCfyRdDX82eRvSP8KZ61cxSaovrrtYDBHuXcbixA==">Battery Workforce Challenge</a>, and the launch of an ABTC developed new &lsquo;Design for Recyclability&#39; category for this three-year collegiate and vocational engineering competition.&nbsp;
&nbsp;
This competition supports twelve North American teams of universities and their regional vocational partners that are each designing, building, testing, and integrating a next-generation advanced lithium-ion battery pack and electric powertrain into a Stellantis donated 2024 Ram ProMaster EV. ABTC&#39;s entrance into this competition brings an additional dimension of performance in the evaluation of these designs, as students are now challenged to design battery packs with a design for recyclability (DFR) mindset that allows for these complex batteries to be strategically disassembled and recycled at the end of their lives. These high-value constitute components within the batteries are then able to be recovered and resold into the domestic North American supply chain to create a closed-loop circular infrastructure, increasing the residual value of the battery pack and lowering overall lifecycle costs of EVs.&nbsp; 
&nbsp;

American Battery Technology Co. Announces Its Entrance Into A 3-Year Collegiate And Vocational Engineering Competition Under The U.S. DOE's Battery Workforce Challenge And The Launch Of An ABTC Developed New 'Design For Recyclability'

American Battery Technology shares are trading lower. The company reported Q1 financial results.

American Battery Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) reported quarterly losses of $(0.17) per share. This is a 10.53 percent increase over losses of $(0.19) per share from the same period last year. The company reported $201.96 thousand in sales this quarter.

American Battery Tech Q1 EPS $(0.17) Up From $(0.19) YoY, Sales $201.96K

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

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.
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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;
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<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;
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<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

Press Releases

American Battery Technology Company Announces Pricing of $5M  Registered Direct Offering

$10M Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

American Battery Technology Company Commences New Drill Program to Accelerate Commercialization of Nevada Lithium Project to Support Call to Restore American Mineral Dominance

American Battery Technology Company CEO Ryan Melsert Selected to Deliver Keynote Address at Global Round Table on Sustainable Development

American Battery Technology Company Releases Second Quarter Fiscal Year 2025 Financial Report

American Battery Technology Company Doubles Quarterly Production at Lithium-Ion Battery Recycling Facility

American Battery Technology Company Announces Contract to Sell Legacy Property in Fernley, Nevada

American Battery Technology Company Completes Additional Drill Program to Progress Mission to Increase American Critical Mineral Production at its Nevada Lithium Project

American Battery Technology Company Named "Recycling Technology Solution 2025" by CleanTech Breakthrough

American Battery Technology Company Receives Letter of Interest from US EXIM Bank for $900 Million Financing for Tonopah Flats Lithium Project

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

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