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.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。