ABML - American Battery Technology Company Receives Contract for $57M Grant from US DOE for Construction of Commercial-Scale Lithium Hydroxide Refinery | Benzinga
Company receives U.S. Department of Energy grant award contract to support funding of refinery construction to sustainably unlock untapped domestic lithium resources
RENO, Nev., Sept. 6, 2023 /PRNewswire/ -- American Battery Technology Company (ABTC) (OTCQX:ABML), an integrated critical battery materials company that is commercializing both its primary minerals manufacturing and secondary minerals lithium-ion battery recycling technologies, is pleased to announce that it has received its $57 million contract award from the U.S. Department of Energy (DOE) for a multi-year project to design, construct, and operate its first-of-kind commercial-scale lithium hydroxide manufacturing facility in Tonopah, Nevada.
The receiving of this grant contract award marks a major milestone in the commercialization of ABTC's Tonopah Flats Lithium Project, which is designed to provide commercial-scale quantities of low-cost, low environmental impact, domestic critical mineral lithium hydroxide needed for the U.S. clean energy transition. Based on a recent third-party audited SK-1300-compliant Inferred* Resource Report, the Tonopah Flats Lithium Project is one of the largest known lithium resources in the United States, containing approximately 15.8 million tons of economically accessible lithium on a carbonate equivalent basis.
This project engages several world-class partners, including DuPont Water ...