American Battery Technology Company Announces Initial Results Of Its Lithium-Bearing Tonopah Flats Third Exploration Drill Program
Portfolio Pulse from Benzinga Newsdesk
American Battery Technology Company (ABTC) has announced positive results from its third exploration drill program at its Tonopah Flats Lithium Project in Nevada. The program consisted of 8 holes totaling approximately 6,700 feet of sampling and achieved the target core drilling depth of over 1,400 feet. 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. The company was awarded a $4.5-million grant from the U.S. Department of Energy in 2021 to accelerate the commercialization and scale-up of this critical battery-grade lithium manufacturing technology.
October 27, 2023 | 12:22 pm
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American Battery Technology Company's positive results from its third exploration drill program at its Tonopah Flats Lithium Project in Nevada could potentially boost its stock price in the short term.
The positive results from the third exploration drill program indicate a successful advancement of the project, which could potentially attract more investors and increase demand for the company's stock. Additionally, the company's collaboration with DuPont and the University of Nevada, Reno, and the grant from the U.S. Department of Energy could further enhance the company's reputation and investor confidence.
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