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.
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IMPORTANCE 80
RELEVANCE 100