American Battery Technology Announced U.S. DOE Awarded $20M Project For Separation & Processing Tech For Integrated Lithium-ion Battery Recycling System
Portfolio Pulse from Charles Gross
American Battery Technology Company (ABTC) (NASDAQ:ABAT) has been awarded a $20 million contract grant from the U.S. Department of Energy (DOE) for a project aimed at demonstrating and commercializing next-generation techniques for lithium-ion battery recycling processes. The goal is to manufacture low-cost and low-environmental impact domestic critical battery materials.
September 27, 2023 | 10:13 am
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The $20 million contract grant from the U.S. DOE for ABTC's project on lithium-ion battery recycling processes could boost the company's profile and potentially its stock.
The contract grant from the U.S. DOE is a significant endorsement of ABTC's technology and could lead to increased investor confidence in the company. This could potentially drive up the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100