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Friday, October 27, 2023 5:26:39 PM
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.
Recent ABAT News
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 09/23/2024 09:00:19 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/23/2024 08:30:42 PM
- 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 • PR Newswire (US) • 09/23/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/20/2024 09:25:09 PM
- American Battery Technology Company Appoints Manufacturing Scale-Up Expert Steven Wu as Chief Operating Officer to Accelerate Expansion of Battery Metals Manufacturing Operations • PR Newswire (US) • 08/26/2024 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/26/2024 09:00:12 PM
- American Battery Technology Company Announces Commercial Transaction for Bulk Purchase of Recycled Black Mass Material by Domestic Strategic Customer • PR Newswire (US) • 07/10/2024 09:00:00 PM
- US Department of Energy Secretary Jennifer Granholm Tours American Battery Technology Company Commercial Facilities • PR Newswire (US) • 06/21/2024 01:46:00 PM
- American Battery Technology Company Successfully Manufactures Lithium Hydroxide from its First-of-Kind, Nevada-Based Claystone Integrated Demonstration Facility • PR Newswire (US) • 06/18/2024 12:50:00 PM
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 06/12/2024 08:31:00 PM
- American Battery Technology Company Invited to Share Diverse Industry Expertise and Company Progress at Upcoming Events • Business Wire • 05/22/2024 01:03:00 PM
- American Battery Technology Company Releases Third Quarter Fiscal Year 2024 Financial Report • PR Newswire (US) • 05/15/2024 11:37:00 PM
- American Battery Technology Company Ramps its Lithium-Ion Battery Recycling Facility and Operates at Over 115% Design Rate • PR Newswire (US) • 05/13/2024 01:32:00 PM
- American Battery Technology Company Hires Former Tesla Head of FP&A Europe, Scott Smith, as Vice President of Financial Planning and Analysis • PR Newswire (US) • 04/30/2024 12:38:00 PM
- American Battery Technology Company Publishes Updated Initial Assessment and Economic Analysis for its Tonopah Flats Lithium Project for One of the Largest Identified Lithium Resources in the U.S. • PR Newswire (US) • 04/24/2024 01:26:00 PM
- American Battery Technology Company Announces Commissioning of First-of-Kind Facility for Manufacturing of Battery Grade Lithium Hydroxide from Nevada Claystone Deposit • PR Newswire (US) • 04/22/2024 01:18:00 PM
- American Battery Technology Company Awarded Additional $40 Million Competitive Tax Credit to Accelerate Construction of Next Battery Recycling Facility • PR Newswire (US) • 04/04/2024 01:25:00 PM
- American Battery Technology Company Awarded $20 Million Tax Credit through Competitive US DOE Process to Advance its Critical Minerals Battery Recycling Facility • PR Newswire (US) • 04/03/2024 01:15:00 PM
- American Battery Technology Company Appoints Financial Industry Veteran, Susan Yun Lee, to Board of Directors • PR Newswire (US) • 03/29/2024 12:59:00 PM
- American Battery Technology Company Added to MSCI Micro-Cap Index • PR Newswire (US) • 02/22/2024 03:07:00 PM
- American Battery Technology Company Releases Second Quarter Fiscal Year 2024 Financial Report • PR Newswire (US) • 02/14/2024 10:36:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/14/2024 10:28:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/31/2024 02:46:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/31/2024 02:34:02 PM
- American Battery Technology Company to Host Corporate Overview Presentation to Update Expanded Investment Community Following its Recent Listing on NASDAQ Exchange • PR Newswire (US) • 01/30/2024 02:24:00 PM
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