American Battery Technology Company Continues To Advance Its Commercial-Scale Hydrometallurgical Battery Recycling Facility
Portfolio Pulse from Benzinga Newsdesk
American Battery Technology Company (ABTC) (NASDAQ:ABAT) is advancing its commercial-scale hydrometallurgical battery recycling facility in Nevada. The facility, which has been designated as a regional 'innovation and technology hub' by the Biden Administration, has the capacity to process over 20,000 metric tonnes per year of battery feedstock materials. Strategic partnerships have been announced with BASF, Nanotech, and FedEx for sourcing and off-take of recycled products. 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).

October 25, 2023 | 1:19 pm
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ABTC's advancement of its commercial-scale battery recycling facility, strategic partnerships, and DOE grants could positively impact its stock.
The news about ABTC's advancement of its commercial-scale battery recycling facility, its strategic partnerships with BASF, Nanotech, and FedEx, and the DOE grants it has received are all positive developments for the company. These factors could lead to increased investor confidence and a potential rise in ABTC's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100