American Battery Technology Company Announces Commissioning Of First-Of-Kind Facility For Manufacturing Of Battery Grade Lithium Hydroxide From Nevada Claystone Deposit
Portfolio Pulse from Benzinga Newsdesk
American Battery Technology Company (ABTC), listed as ABAT on NASDAQ, has announced the commissioning of its pilot plant for producing battery grade lithium hydroxide from Nevada claystone, marking a significant step in commercializing its unique lithium extraction process. Supported by a U.S. Department of Energy grant, the plant demonstrates ABTC's capability to produce lithium hydroxide for strategic customers. ABTC plans to expand this technology with a commercial-scale refinery, also supported by a DOE grant, and is advancing its battery recycling technologies.

April 22, 2024 | 1:21 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ABTC has initiated the commissioning of a pilot plant for lithium hydroxide production from Nevada claystone, with DOE support, and plans for a commercial-scale refinery, indicating strong progress in its battery materials and recycling technologies.
The commissioning of ABTC's pilot plant and the announcement of plans for a commercial-scale refinery, both supported by DOE grants, highlight significant advancements in the company's lithium extraction and battery recycling technologies. This development is likely to be viewed positively by investors, as it demonstrates ABTC's progress in securing a domestic supply of critical battery materials and its commitment to innovation. The involvement of strategic customers and the engagement of a premier construction firm for the refinery project further underscore the potential for future growth and the realization of commercial success.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100