Welcome to our dedicated page for American Battery Technology Co news (Ticker: ABAT), a resource for investors and traders seeking the latest updates and insights on American Battery Technology Co stock.
American Battery Technology Company (NASDAQ: ABAT) is an integrated critical battery materials company headquartered in Reno, Nevada. Its news flow centers on the commercialization of internally developed technologies for primary lithium manufacturing and secondary lithium-ion battery recycling, as well as regulatory, financing, and partnership developments that affect its projects.
Investors following ABAT news can read about the company’s Nevada battery recycling facility, which has received approval from the U.S. Environmental Protection Agency to accept damaged lithium-ion batteries classified as CERCLA waste. Recent press releases describe contracts to recycle batteries from a large grid-scale battery energy storage system in Monterey County, California, and the processing of materials from electric vehicles, stationary storage systems, and consumer electronics.
Another major theme in ABAT’s news is the Tonopah Flats Lithium Project in Nevada. The company issues updates on technical studies such as its S-K 1300 Technical Report and Pre-Feasibility Study, NEPA baseline study completion, permitting milestones with the Bureau of Land Management, and its designation as a Transparency Priority Project and FAST-41 Covered Project by federal permitting authorities. These items provide insight into the project’s technical progress and regulatory status.
ABAT’s news releases also cover financial results, revenue trends from recycling operations, changes in capital structure, and interactions with U.S. government agencies and national laboratories, including agreements with the Department of Energy and Argonne National Laboratory. Additional announcements may include board appointments, index inclusions, and participation in international forums on critical battery minerals. This news page aggregates such disclosures so readers can track how ABAT’s recycling operations, lithium projects, and corporate initiatives evolve over time.
American Battery Technology Company (NASDAQ:ABAT) successfully manufactured lithium hydroxide at its demonstration facility in Nevada using proprietary processing technologies. This development reduces the U.S. reliance on foreign lithium resources. The company aims to secure long-term commercial-scale offtake agreements with strategic partners and plans to accelerate the construction of a DOE-supported 30,000 MT/year lithium hydroxide refinery. The Tonopah Flats Lithium Project, one of the largest lithium deposits in the U.S., will be the location for this refinery. The initiative aims to support the North American critical battery minerals supply chain. ABTC also focuses on lithium-ion battery recycling technologies at its facility in Storey County, Nevada, enhancing its battery materials circular supply chain.
American Battery Technology Company (ABAT) is set to participate in several key industry and financial conferences, focusing on battery metal technologies and sustainable growth in North America's battery supply chain. The events include TD Cowen’s 2nd Annual Sustainability Week (May 21-23, 2024), Greenbiz Circularity 2024 (May 22-24, 2024), BASF Sustainability Matters (June 3-6, 2024), and more. Key ABAT executives, including CEO Ryan Melsert and CFO Jesse Deutsch, will share insights on topics such as circular economies, lithium-ion battery recycling, and critical minerals supply chains. These engagements highlight ABAT's commitment to sustainability and innovation in battery technology.
American Battery Technology Company (NASDAQ: ABAT) announced its third quarter fiscal year 2024 financial results, ending March 31, 2024. The company focuses on battery recycling and lithium hydroxide production. Key achievements include expanding shifts at its Nevada recycling facility, producing recycled materials, and securing agreements for product sales. ABTC received $60 million in tax credits and $10 million in DOE grants. The Tonopah Flats Lithium Project showed an 8% increase in lithium grades and a 7% cost reduction. Financially, ABTC had $6 million in cash, with reduced property acquisition expenses, and paid down convertible note obligations to $9 million.
American Battery Technology Company (ABTC) has achieved a significant milestone by demonstrating a fixed duration operation of its commercial-scale lithium-ion battery recycling facility at over 115% of its maximum design rate. This accomplishment signifies the company's capability to increase battery metals manufacturing for U.S.-based strategic customers through cutting-edge recycling technologies. With support from the U.S. Department of Energy grants and recent tax credit awards, ABTC is set to introduce battery grade metals into the North American supply chain, reducing reliance on imported materials.
American Battery Technology Company (ABTC) has hired Scott Smith, a former Tesla executive, as its vice president of financial planning and analysis. Smith brings over a decade of finance expertise and experience in the electric vehicle and consumer goods sectors. His role is integral to ABTC's strategic growth and commercialization efforts in battery recycling and lithium manufacturing.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of American Battery Technology Co (ABAT)?
What is the market cap of American Battery Technology Co (ABAT)?
