Streetbeat News

ABAT

American Battery Technology Company Common Stock

Industry

Industrial Materials

American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries. The company was formerly known as American Battery Metals Corporation. American Battery Technology Company was incorporated in 2011 and is headquartered in Reno, Nevada.

Open

0.82

Mkt cap

60M

Volume

849K

High

0.85

P/E Ratio

-0.78

52-wk high

6.45

Low

0.77

Div yield

N/A

52-wk low

0.75

American Battery Technology ramps up its Nevada facility, U.S. Gold receives a permit for the CK Gold project, Tredegar's sale of Terphane is under review, and Ivanhoe Electric commits to a Native American initiative.

Portfolio Pulse from Austin DeNoce

May 16, 2024 | 8:39 pm

American Battery Technology commercializes its recycling tech in Reno, Nevada, exceeding capacity expectations with support from U.S. grants and tax credits. BHP's $42B bid for Anglo American is rejected, aiming to increase copper exposure. Cleveland-Cliffs supports tariffs on Japanese tin products, emphasizing U.S. steel industry protection. Steel Dynamics announces a Q2 cash dividend, and Nucor's EVP retires, succeeded by Randy J. Spicer.

Portfolio Pulse from austin@walkonholdings.com

May 13, 2024 | 8:32 pm

ATI reported Q1 2024 earnings with revenue of $1.04 billion and net income of $66 million. Piedmont Lithium announced Q1 2024 shipments and record production, aiming for full-year shipments of 126,000 dmt. Buenaventura reported increased EBITDA and net income, with significant developments in its mining operations. American Battery Technology appointed former Tesla executive Scott Smith as VP of financial planning and analysis.

Portfolio Pulse from austin@walkonholdings.com

April 30, 2024 | 9:05 pm

American Battery Technology Company (ABTC) has appointed Scott Smith, the former Head of FP&A Europe at Tesla, as its Vice President of Financial Planning and Analysis. This strategic hire is aimed at supporting ABTC's rapid growth and capital expansion projects.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:42 pm

American Battery Technology refines its Tonopah Flats Lithium Project, improving project economics. Steel Dynamics reports strong Q1 results with significant net sales and income. Gold Royalty Corp partners with Taurus Mining for co-investment in precious metals. Coeur Mining releases its 2023 ESG Report, highlighting environmental and social achievements.

Portfolio Pulse from austin@walkonholdings.com

April 24, 2024 | 10:17 pm

American Battery Technology Company (ABTC) has released an updated initial assessment and economic analysis for the Tonopah Flats Lithium Project, showcasing it as one of the largest known lithium deposits in the US. The announcement was made during a virtual walkthrough led by ABTC's CEO, alongside Vrify CEO Stephen De Jong.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:29 pm

American Battery Technology (ABAT) has initiated its lithium hydroxide pilot plant in Reno, Nevada, to produce battery-grade lithium hydroxide from unconventional sources, supported by a $4.5 million U.S. Department of Energy grant. ArcelorMittal Calvert (AMSYF) plans to construct a facility in Alabama for producing non-grain-oriented electrical steel, backed by $280.5 million in investment tax credits. Gold Royalty (GROY) reported a significant increase in revenue and gold equivalent ounces for Q1, projecting higher revenues for 2024. Saudi Arabia's Manara Minerals (FQVLF) is nearing a deal to acquire a minority stake in Pakistan's Reko Diq mine, a project 50% owned by Barrick Gold (GOLD).

Portfolio Pulse from austin@walkonholdings.com

April 22, 2024 | 9:01 pm

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.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:21 pm

Radius Recycling reported a Q2 loss with challenges in recycled metal supplies and U.S. manufacturing. American Battery received a $40.5 million award for a new recycling facility. Nexa Resources priced a $600 million offering. Newmont saw mixed investor sentiment. Vale S.A. had its price target lowered by Deutsche Bank.

Portfolio Pulse from Austin DeNoce

April 04, 2024 | 9:01 pm

American Battery Technology Company (ABTC) has been awarded an additional $40.5M tax credit by the U.S. Department of Treasury to accelerate the construction of a new lithium-ion battery recycling facility in the U.S. This award, part of the Qualifying Advanced Energy Project Credits program, supplements a previous $20M credit and aims to expand North America's closed-loop battery metals supply chain. ABTC is engaging with major automotive OEMs and battery cell manufacturers for recycling services and is planning the new facility to increase domestic critical battery minerals manufacturing capacity.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:26 pm

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