This went from a nickel to like 3.50. Then reverse. Now yuck
On a bit of a whim, I bought some this morning at $4.37, I am surprised it all of a sudden is shooting up. It is nice to be lucky occasionally.
American Battery Technology Company Continues to Advance its Commercial-Scale Hydrometallurgical Battery Recycling Facility
Achieved steps to de-risk implementation of its battery recycling technologies at commercial scale by completing all diligence and receiving final contracts for supporting US DOE grants
Reno, Nev., Oct. 25, 2023 -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals battery recycling, continues to advance operations and the implementation of its internally-developed lithium-ion battery recycling technologies at its commercial-scale facility located in Nevada, which has now been designated as a regional “innovation and technology hub” by the Biden Administration.
The ABTC commercial lithium-ion battery recycling facility has the capacity to process over 20,000 metric tonnes per year of battery feedstock materials when fully ramped, and several strategic partnerships have been announced recently for the sourcing of feed material and the offtake of recycled products, such as with BASF, Nanotech, and FedEx. The initial phase of the facility is already operational, and processes battery feedstock materials into recycled products including copper, aluminum, steel, a lithium intermediate, and a black mass intermediate material that are sold through an already executed marketing agreement with the global metals trader TechMet-Mercuria. With the second phase of this integrated recycling facility, the lithium intermediate will be further refined into a battery grade lithium hydroxide product, and the black mass intermediate material will be further refined into battery grade nickel, cobalt, manganese, and lithium hydroxide products.
“By design, the combination of building an in-house team of industry experts and developing in-house technologies is driving construction and operations progress at our commercial-scale lithium-ion battery recycling facility,” stated ABTC CEO Ryan Melsert. “Due to the skills and dedication of our technical program management, engineering, construction, and operations teams, the initial phase of our commercial battery recycling facility was brought online under the allotted budget and in an accelerated timeframe.”
These battery recycling technologies were developed in-house by the ABTC R&D, engineering, and technical projects team members, many of whom were previously members of the founding Tesla Gigafactory design and engineering teams. These ABTC team members have significant experience scaling processes and bringing first-of-kind commercial-scale facilities online, and have leveraged this expertise to de-risk ABTC’s commercialization of its battery recycling facility. The company’s operations and commercial scale-up of this recycling facility is further de-risked by having been awarded several competitive grants from the U.S Department of Energy (DOE), for which ABTC has already completed all due diligence, received the final contracts, and is currently receiving the awarded funds.
ABTC has a dedicated R&D team of in-house scientists located at the Nevada Center for Applied Research at the University of Nevada, Reno, and this team focuses on developing, optimizing, and evolving the company’s first-of-kind battery metals extraction technologies. This team interfaces on a daily basis with the ABTC engineering team, who have deep expertise in the design, commissioning, and optimization of large manufacturing factories. These development and commercialization efforts are all coordinated by the ABTC technical projects team, who oversees life-cycle project development and implementation of large-scale projects including budgeting, schedule management, procurement, and cost controls. The teams work symbiotically, along with our operations teams, to drive the development and implementation of ABTC’s first-of-kind technologies and commercial-scale facilities for domestic critical battery material manufacturing.
ABTC has been validating and optimizing its first-of-kind recycling technologies for several years, and has showcased its innovation through winning the battery recycling portion of the competitively awarded BASF-sponsored Circularity Challenge; through a $2M battery recycling grant from the U.S. Advanced Battery Consortium (USABC), which is comprised of the U.S. Department of Energy, General Motors, Ford, and Stellantis for a commercial-scale project currently underway to demonstrate that recycled battery metal products from domestic U.S. resources can be produced at lower cost than, and at significantly improved social and environmental impact, than conventionally mined virgin minerals; and through a competitive U.S. DOE grant for a $20M project to develop and commercialize a set of Next Generation battery recycling technologies to even further enhance the recovery of recycled products and reduce the cost of operations.
Reno, Nev., October 27, 2023 -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals battery recycling, is pleased to announce positive drill results from its third exploration drill program at its Tonopah Flats Lithium Project in Big Smoky Valley, Nevada. The infill and step-out drill program consisted of 8 holes totaling approximately 6,700 feet of sampling and achieved the target core drilling depth of over 1,400 feet, one of the deepest lithium sampling activities in the region. To date, the company has received third-party assay results for 6 of the 8 holes, with results further supporting the development of this domestic resource towards upgraded Measured and Indicated classifications.
“It is extremely rare to identify a resource where nearly every sample taken at depth is above its minimum cutoff concentration, and we are extremely pleased that the assay results of our initial 6 holes of our 8-hole third drill program continue to demonstrate that this is one of the premier lithium resources in the United States,” stated ABTC CEO Ryan Melsert. “From the data we published in the Spring in our SK-1300 compliant Maiden Resource Report, it was already identified that this is one of the largest known lithium resources in the United States, and with the additional step-out drilling in this program, we have even further expanded this data set, both with respect to surface and to depth. Additionally, the infill drilling within our already identified resource area that was recommended within our last resource report supports advancement of this resource towards upgraded Measured and Indicated classifications.”
This drill program has confirmed the presence of mineralization between step-out holes with infill drilling.
Highlights from this third drill program include:
• High Lithium Concentrations Above Cutoff: The vast majority of samples analyzed, up to 99% per hole, demonstrated lithium concentrations above the reference cutoff concentration of 300 ppmw. These intervals of high concentrations were observed in all 6 holes and throughout a large percentage of the total sampled depths, and with significantly higher peak concentrations observed in many sample holes (see Table 1), which makes this deposit especially attractive to the internally-developed ABTC processing train.
• Shallow Overburden: Anomalous lithium concentrations were measured at very shallow depths, less than 20 feet below the surface in many cases, indicating that low-cost and low-strip ratio techniques can likely be applied to access these near-surface lithium-bearing sedimentary materials.
• Depth of Mineralization: The drilling infrastructure employed in these explorations was able to drill to depths of up to 1,430 feet, and in several of these drill holes the significant mineralization of lithium is still present at these depths, indicating that the anomalous lithium presence could extend even beyond the sampled depths.
• Breadth of Exploration: With these additional 6 drill holes, a wide breadth of ABTC claims have been explored, including over 18,000 feet of exploration at depths of up to 1,430 feet.
• Magnitude of Deposit: With the anomalous lithium concentrations observed throughout the detailed exploratory drill holes, and throughout the listed sampling depths, the ABTC team is excited to receive the assay results of the remaining 2 holes, and to accelerate the exploration and characterization of these claims to take the further steps necessary to advance this deposit to a Measured and Indicated resource through an updated S-K 1300 compliant Resource Report process.
“We are extremely proud of our team in Tonopah, as we now have identified the Upper, Middle, and Lower Siebert formation geologically in the basin,” stated Scott Jolcover, chief mineral resources officer for American Battery Technology Company. “Our previous deepest hole was 825 feet, and we have now sampled at over 1,400 feet deep, with assay results received for 6 holes in this 8-hole program. All drilled holes have appeared to bottom in claystone with very shallow alluvium gravels at the top of the holes and we look forward to receiving the remaining assay results.”
The ABTC Tonopah Flats Lithium Project encompasses 517 unpatented lode claims covering over 10,340 acres, and ABTC controls 100% of the mining lode claims comprising the Tonopah Flats claims and the rights to all locatable minerals without any royalties. ABTC began surface sampling of these claims in the Summer of 2021, and subsequently performed multiple subsurface drilling programs at depths of up to 1,430 feet totaling over 18,000 feet of exploration.
The results of these initial successful exploration programs led to the development and publication of the company’s third-party Qualified Person (QP) audited SK-1300 compliant Maiden Resource Report in February 2023, which concluded that this deposit is one of the largest known lithium resources in the United States, containing approximately 15.8 million tons of economically-accessible lithium on a carbonate equivalent basis (LCE). As the remaining assay results are received, the company intends to prepare and publish an updated Resource Report with updated quantities of the resource that are at the inferred, measured, and indicated classifications.
In 2021, ABTC, in collaboration with DuPont and the University of Nevada, Reno, was awarded a $4.5-million grant from the U.S. Department of Energy (DOE) to build and operate a multi-ton-per-day demonstration-scale system to accelerate the commercialization and scale-up of this critical battery-grade lithium manufacturing technology. In June of this year, ABTC announced the company was successful in manufacturing lithium hydroxide product from its claystone feedstock from its Tonopah Flats Lithium Project, and that this product had been analytically characterized and shown to meet all third-party battery cathode grade specifications. Additionally, based on this empirical data generated from the processing of this lithium hydroxide project, ABTC was successfully able to produce a techno-economic analysis (TEA) that demonstrates that at commercial scale its internally-developed technologies produce a lithium hydroxide material with production costs that are lower than when manufactured from conventional resources and with conventional technologies.
Building off of the success of this demonstration system and scale up of its primary refining system, ABTC will further evolve this project with plans to construct a commercial-scale lithium hydroxide refinery utilizing this system design. In October 2022, ABTC with its partners, DuPont Water Solutions, University of Nevada, Reno, and Argonne National Laboratory, was selected for an additional grant by the U.S. DOE for a $115M commercial-scale refinery project. ABTC has engaged one of the premier global construction firms, Black & Veatch, for the engineering, procurement, and construction firms of its commercial scale lithium hydroxide refinery based on these fundamental metallurgical and mineral processing techniques. In September 2023, the company finalized this contract with U.S. DOE.
That’ll do it alright
It's only been 17 days...that's not very long
I think it's going lower than $2
Nobody knows for sure
Let's see what the market thinks about this company
1.50 buy in coming
Na just typical dilution after a reverse split
Getting closer everyday to my buy in price
$3.50 could be right around the corner
Exciting news! Reticulate Micro, licensed by Cytta Corp, has launched its new website showcasing the innovative VAST™ Video Compression Platform. Dive into the future of video compression at https://t.co/fFMqbJ6X15! #TechNews #VideoCompression $CYCA https://t.co/bkWopahyoF pic.twitter.com/qEE4SBXzJZ
— CYTTA Corp. (@cyttacorp) October 19, 2023
Anyone here remember Doug Cole, when he was CEO of ABML? He promoted the company into the dollars
He is now an independent Director with reticulate micro.
CYCA: Cytta Corp what is the incubator for reticulate micro! CYCA holds a major position of reticulate micro
Hey look at this- Doug Cole
$CYCA. Cytta Corp:
PALM BAY, Fla., Oct. 18, 2023 /PRNewswire/ -- Reticulate Micro, Inc., announced the appointment of two new directors to its Board. Doug Cole, a proven tech executive and board member, who is a former investment banker and Ian Subel, a finance expert with extensive business knowledge from a career in consulting, will both join the board of directors.
Anyone know what Doug Cole is up to these days? If you know his phone number please share it!
I’d love to chat with him.
I know a few years ago this is what he was wanting to get started with ABML! Now it’s on a big board and functional!
you're probably right
You may have a long wait since we may be near a low price. Because the pre-split low price was a little above $.40, I expected the SP to drop to a little above 15x$.40=$6. The factory should be open soon (more than a month ago they said a few weeks, but ABML time is always optimistic) and the price will probably pop once the factory is open and revenues start coming in.
Lol….nothing to worry about.
Go ABAT !!
Thank you for posting I’m still in!!