Battery Boom: American Battery Technology Surges on Recycling Deal & $900M Lithium Loan
Company Profile & Strategy American Battery Technology Company (NASDAQ: ABAT, ticker often ABAT) is a Reno, Nevada-based “critical battery materials” company globenewswire.com globenewswire.com. It pioneers a full lifecycle approach to lithium-ion batteries: mining domestic mineral deposits (like Tonopah Flats) and recycling spent batteries for lithium, cobalt, nickel, etc. ABTC’s mission statement emphasizes innovation in “first-of-kind technologies” to produce and recycle battery metals domestically, reducing US reliance on foreign sources globenewswire.com. Key to this is ABTC’s proprietary processing: for example its Tonopah Flats project will use a selective leach extraction (SLE) method to turn claystone directly into battery-grade lithium hydroxide, which