American Battery Technology Company Awarded Collaborative Agreement with Argonne National Laboratory ReCell Center to Advance Novel Lithium Manufacturing Technologies
Rhea-AI Summary
American Battery Technology Company (NASDAQ: ABAT) has secured a $1 million collaborative agreement with the U.S. Department of Energy's Argonne National Laboratory ReCell Center. The partnership aims to advance ABAT's novel lithium hydroxide manufacturing technology using Argonne's Advanced Photon Source particle accelerator and Aurora Exascale Supercomputer.
ABAT's innovative electrochemical process produces lithium hydroxide with reduced chemical agent usage and lower operational costs compared to conventional methods. The technology will be integrated into both ABAT's critical mineral recycling facilities and its claystone-to-lithium hydroxide refinery near Tonopah, Nevada.
This collaboration is part of ABAT's broader engagement with U.S. Department of Energy National Laboratories, including partnerships with Idaho National Laboratory and National Renewable Energy Laboratory, supporting domestic critical mineral production.
Positive
- Secured $1 million U.S. Department of Energy collaborative agreement
- Technology reduces chemical waste and operational costs in lithium hydroxide production
- Access to advanced facilities including particle accelerator and supercomputer
- Technology applicable to both recycling and primary mineral processing
Negative
- Technology still requires long-term performance validation
- Commercialization timeline and costs not specified
News Market Reaction
On the day this news was published, ABAT gained 14.55%, reflecting a significant positive market reaction. Argus tracked a peak move of +27.2% during that session. Our momentum scanner triggered 37 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $26M to the company's valuation, bringing the market cap to $201M at that time.
Data tracked by StockTitan Argus on the day of publication.
- American Battery Technology Company (ABTC) awarded
$1M U.S. Department of Energy collaborative agreement to support new partnership project with Argonne National Laboratory, with use of their Advanced Photon Source particle accelerator and Aurora Exascale Supercomputer - ABTC’s internally-developed advanced lithium processing technology can manufacture critical mineral lithium hydroxide with substantial reduction in use of chemical agents, at lower operational costs, and with lower impact
- New agreement is one of several current partnership agreements with American U.S. Department of Energy National Laboratories demonstrating the company’s commitment to advance the country’s acquisition of domestically sourced battery metals to ensure sustainable energy security
American Battery Technology Company (NASDAQ: ABAT), an integrated critical mineral company commercializing both primary critical mineral manufacturing and secondary recycling of critical mineral facilities, is pleased to announce that it has been selected for a competitively awarded
“We are committed to developing the next generation of critical mineral manufacturing technologies and to bringing these technologies to commercialization in our domestic-US facilities,” stated American Battery Technology Company CEO Ryan Melsert. “We are proud to be addressing the challenges of bringing such advanced processing technologies to market with a partner such as the Argonne National Laboratory.”
In current commercial lithium manufacturing facilities, the final lithium product is generally manufactured by consuming large amounts of chemical agents, and then producing large amounts of chemical waste materials. These types of processes are operationally expensive as they require the purchasing of the chemical agents and disposal of the chemical waste, and have a large impact as they consume and generate these large amounts of chemical agents.
ABTC has been working for several years to develop and commercialize a new generation of technologies that produce a lithium hydroxide product of equal or greater quality than with these conventional processes, however, through an electrochemical route that does not require the large-scale consumption and generation of chemical agents.
As ABTC continues to scale its commercial facilities, it is developing long-term predictive models that can quantify the performance of its electrochemical lithium hydroxide conversion systems over multiple years of operations. Through this
These particle accelerator trials of the ABTC electrochemical conversion system at the APS will generate vast amounts of data, and fortunately the Argonne team recently constructed the Aurora Exascale Supercomputer, one of the fastest supercomputers in the world, that is specifically purposed to work in combination with the Advanced Photon Source; Aurora and the upgraded Advanced Photon Source to power discovery at Argonne.
ABTC is commercializing these advanced lithium hydroxide manufacturing technologies for integration into the lithium processing trains for both its critical mineral recycling facilities and its ‘claystone-to-lithium hydroxide’ refinery near Tonopah, Nevada.
The company’s collaboration with Argonne is part of a broader strategy to advance domestically manufactured critical minerals to reduce reliance on foreign supply chains and support U.S. energy security. ABTC is also engaged in key innovative projects with other leading U.S. Department of Energy National Laboratories, including Idaho National Laboratory and National Renewable Energy Laboratory.
About American Battery Technology Company
American Battery Technology Company (ABTC), headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries. Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are “forward-looking statements.” Although the American Battery Technology Company’s (the “Company”) management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, risks and uncertainties related to the Company’s ability to continue as a going concern; interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended June 30, 2024. The Company assumes no obligation to update any of the information contained or referenced in this press release.
Tiffiany Moehring American Battery Technology Company 720.254.1556 tmoehring@batterymetals.com
FAQ
What is the value of ABAT's new agreement with Argonne National Laboratory?
How does ABAT's new lithium manufacturing technology differ from conventional methods?
Where will ABAT implement its new lithium hydroxide manufacturing technology?
What advanced facilities will ABAT use at Argonne National Laboratory?
Which other national laboratories is ABAT collaborating with?
