ABAT Stock Catalyst: American Battery Technology Company Granted $144 Million DOE Contract for Second Lithium-Ion Battery Recycling Facility

Dec 17, 2024 · 7:56pm ET

The contract supports the construction of a facility with 100,000 tonnes/year capacity.

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7:56pm ET

ABAT · Dec 17, 2024

CATALYST DATE · 1-MINUTE BARS

Catalyst Summary

American Battery Technology Company (ABAT) announced on December 18, 2024, that it has been awarded a $144 million grant contract from the U.S. Department of Energy. The contract is for the construction of a second lithium-ion battery recycling facility.

The new facility will have a capacity of 100,000 tonnes per year. This award follows the company's previous efforts in battery recycling technology and infrastructure development.

As of the latest data, American Battery Technology Company has a free float of 125,522,000 shares.

This summary was generated by AI from public sources and may contain errors. Not financial advice. Trade at your own risk.

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