BUZZ-American Battery Technology rises on $144 mln grant from US DOE

Reuters12-18

** Critical battery materials firm American Battery Technology's ABAT.O shares rise 25% to $1.07 premarket

** Company says it has got a contracted grant for $144 million of federal investment by the U.S. Department of Energy (DOE) to help build a new lithium-ion battery recycling plant

** Says it is awarded the grant along with its subcontractor Argonne National Laboratory

** The new plant will process approximately 100,000 tonnes/year of battery materials from its automotive OEM, cell manufacturer and community partners - ABAT

** Up to last close, shares down 81.7% YTD

(Reporting by Tanay Dhumal in Bengaluru)

((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal))

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