American Battery Technology secures up to $50M investment to support commercial-scale battery material construction projects

seekingalpha2023-08-31

American Battery Technology Company (OTCQX:ABML) Thursday said it has consummated a debt financing with a single institutional investor for up to $50 million in zero coupon, Senior Secured Convertible...

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These funds will support the near-term expansion of ABTCs battery material processing operations. Source: Press Release    More on American Battery Technology Company  American Battery Technology Company: Soon To Be Public Leader In Battery Recycling American Battery Technology: Another Pilot Plant Delay, Disappointing Price For McCarran Sale American Battery Technology: Unclear Timeline And Little Cash Left","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4168":"多种金属与采矿","ABML":"AMERICAN BATTERY TECH CO"},"translate_title":"美国电池技术获得高达5000万美元的投资，以支持商业规模的电池材料建设项目","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABML":1},"content_text":"American Battery Technology Company (OTCQX:ABML) Thursday said it has consummated a debt financing with a single institutional investor for up to $50 million in zero coupon, Senior Secured Convertible Notes. \"This capital investment supports the continued development of our core projects as we evolve from pilot and demonstration scale systems up to commercial scale facilities in each of our business units,\" stated ABTC CEO Ryan Melsert.  These funds will support the near-term expansion of ABTCs battery material processing operations. 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