American Battery Technology Receives $144 Million Grant for Second Battery Recycling Plant

MT Newswires Live12-18

American Battery Technology (ABAT) said Wednesday it received a $144 million grant from the US Department of Energy to support the construction of its second commercial-scale lithium-ion battery recycling facility.

The company said the grant would be shared with subcontractor Argonne National Laboratory, with funding to begin on Jan. 1, 2025.

The new facility will process about 100,000 tonnes of battery materials per year from automotive OEMs, cell manufacturers, and community partners, American Battery Technology said.

The facility will also produce battery-grade nickel, cobalt, manganese, and lithium hydroxide for the North American market, the company added.

American Battery Technology shares were rising more than 37% in recent premarket activity.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492189882?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-18 22:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492189882","market":"hk","top_or_hot":-1,"title":"American Battery Technology Receives $144 Million Grant for Second Battery Recycling Plant","media":"MT Newswires Live","content":"<html><body><p> American Battery Technology (ABAT) said Wednesday it received a $144 million grant from the US Department of Energy to support the construction of its second commercial-scale lithium-ion battery recycling facility.</p><p>The company said the grant would be shared with subcontractor Argonne National Laboratory, with funding to begin on Jan. 1, 2025.</p><p>The new facility will process about 100,000 tonnes of battery materials per year from automotive OEMs, cell manufacturers, and community partners, American Battery Technology said.</p><p>The facility will also produce battery-grade nickel, cobalt, manganese, and lithium hydroxide for the North American market, the company added.</p><p>American Battery Technology shares were rising more than 37% in recent premarket activity.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Battery Technology Receives $144 Million Grant for Second Battery Recycling Plant</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Battery Technology Receives $144 Million Grant for Second Battery Recycling Plant\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 22:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>American Battery Technology (ABAT) said Wednesday it received a $144 million grant from the US Department of Energy to support the construction of its second commercial-scale lithium-ion battery ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AFG","symbol_name":"美国金融集团有限公司","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2492189882","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492189882","pubTimestamp":1734531082,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"American Battery Technology  said Wednesday it received a $144 million grant from the US Department of Energy to support the construction of its second commercial-scale lithium-ion battery recycling facility.The company said the grant would be shared with subcontractor Argonne National Laboratory, with funding to begin on Jan. 1, 2025.The new facility will process about 100,000 tonnes of battery materials per year from automotive OEMs, cell manufacturers, and community partners, American Battery Technology said.The facility will also produce battery-grade nickel, cobalt, manganese, and lithium hydroxide for the North American market, the company added.American Battery Technology shares were rising more than 37% in recent premarket activity.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AFG":"美国金融集团有限公司","SES.SI":"Shanaya","BK6039":"环境与设施服务","BK4117":"多元化保险","BK4107":"财产与意外伤害保险","BK4168":"多种金属与采矿","BK6520":"工商业服务概念","NEX.SI":"绿达环球有限公司","ABAT":"AMERICAN BATTERY TECHNOLOGY CO"},"translate_title":"American Battery Technology获得1.44亿美元拨款，用于建设第二座电池回收工厂","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFG":1,"NEX.SI":1,"SES.SI":1,"ABAT":0.9},"content_text":"American Battery Technology (ABAT) said Wednesday it received a $144 million grant from the US Department of Energy to support the construction of its second commercial-scale lithium-ion battery recycling facility.The company said the grant would be shared with subcontractor Argonne National Laboratory, with funding to begin on Jan. 1, 2025.The new facility will process about 100,000 tonnes of battery materials per year from automotive OEMs, cell manufacturers, and community partners, American Battery Technology said.The facility will also produce battery-grade nickel, cobalt, manganese, and lithium hydroxide for the North American market, the company added.American Battery Technology shares were rising more than 37% in recent premarket activity.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492189882"}