ABTC Wins Back US$115M DOE Grant for Lithium Refinery

Why investors should sell ABAT stock on a 35% DOE driven rally today

American Battery Technology (ABAT) shares are ripping higher on Jun. 8 after the company won its formal appeal with the US Department of Energy (DOE) to fully reinstate its previously canceled $115 million grant.This five-year federal grant is a direct lifeline for ABAT’s ambitious Tonopah Flats Lithium Project in Nevada. The contract will fund Phase 1 construction of a commercial-scale facility designed to output 5,000 metric tons of battery-gr…

ABTC Wins Back US$115M DOE Grant for Lithium Refinery

American Battery Technology Company (NASDAQ:ABAT) announced it has successfully appealed the US Department of Energy’s (DOE) termination of a US$115 million grant, securing full reinstatement of the federal funding for its commercial-scale lithium refinery in Nevada.Under the reversal, the DOE did not alter the original funding allocation or the project’s technical and commercial milestones, adjusting only the contract schedule to account for th…

ABTC wins DOE appeal for Tonopah Flats lithium refinery project

American Battery Technology Company (ABTC) has successfully appealed the termination of a US Department of Energy (DOE) grant supporting its $115 million commercial-scale lithium refinery, keeping one of the largest critical mineral projects in the country to date. The Reno, Nevada-based company announced June 8 that the DOE reinstated the competitive grant in its entirety with no change to funds awarded, no change to technical and commercial mi…