The American Battery Technology Company (ABAT) is a U.S.-based battery materials and recycling company focused on domestic production of critical battery minerals, including lithium. It has received significant federal support and attention in recent years tied to strategic initiatives to boost domestic mining and manufacturing of battery materials.
BlackRock has bought shares in American Battery Technology Company (ABAT). As of March 31, 2025, BlackRock held approximately 791,296 shares, on June 30, 2025, BlackRock made a significant move by acquiring an additional approximately 3.9 million shares, indicating an expansion of its stake in ABAT.
Key recent developments about ABAT include:
ABAT received a $900 million Letter of Interest from the U.S. Export-Import Bank (EXIM Bank) to finance its Tonopah Flats Lithium Project in Nevada, which involves building a lithium mine and a lithium hydroxide refinery with a capacity of 30,000 tonnes per year. This financing aligns with the U.S. government’s initiatives to strengthen domestic critical mineral supply chains and reduce dependence on China.
The Tonopah Flats project is considered one of the largest known lithium deposits in the U.S., and ABAT has demonstrated its ability to produce battery-grade lithium hydroxide at pilot scale from the lithium-rich claystone resource there.
ABAT has also secured a $150 million grant from the U.S. Department of Energy to build a second commercial-scale lithium-ion battery recycling facility, further supporting the domestic supply chain for battery metals critical to electrification and sustainability efforts. This facility will create hundreds of jobs and promote environmentally sustainable battery materials manufacturing.
The federal support for ABAT ties into broader government strategies such as the “Make More in America” initiative and the March 2025 Executive Order on increasing American mineral production.
The company’s CEO, Ryan Melsert, has expressed that these government endorsements validate ABAT’s mission to commercialize technologies for both primary mining and secondary lithium-ion battery recycling.
In summary, the American Battery Technology Company (ABAT) is a key player in the U.S. domestic battery materials sector, leveraging federal funding and policy initiatives to develop a large-scale lithium mine and refinery in Nevada, as well as expand battery recycling facilities to help secure and localize the battery materials supply chain.
#abat #stocks
BlackRock has bought shares in American Battery Technology Company (ABAT). As of March 31, 2025, BlackRock held approximately 791,296 shares, on June 30, 2025, BlackRock made a significant move by acquiring an additional approximately 3.9 million shares, indicating an expansion of its stake in ABAT.
Key recent developments about ABAT include:
ABAT received a $900 million Letter of Interest from the U.S. Export-Import Bank (EXIM Bank) to finance its Tonopah Flats Lithium Project in Nevada, which involves building a lithium mine and a lithium hydroxide refinery with a capacity of 30,000 tonnes per year. This financing aligns with the U.S. government’s initiatives to strengthen domestic critical mineral supply chains and reduce dependence on China.
The Tonopah Flats project is considered one of the largest known lithium deposits in the U.S., and ABAT has demonstrated its ability to produce battery-grade lithium hydroxide at pilot scale from the lithium-rich claystone resource there.
ABAT has also secured a $150 million grant from the U.S. Department of Energy to build a second commercial-scale lithium-ion battery recycling facility, further supporting the domestic supply chain for battery metals critical to electrification and sustainability efforts. This facility will create hundreds of jobs and promote environmentally sustainable battery materials manufacturing.
The federal support for ABAT ties into broader government strategies such as the “Make More in America” initiative and the March 2025 Executive Order on increasing American mineral production.
The company’s CEO, Ryan Melsert, has expressed that these government endorsements validate ABAT’s mission to commercialize technologies for both primary mining and secondary lithium-ion battery recycling.
In summary, the American Battery Technology Company (ABAT) is a key player in the U.S. domestic battery materials sector, leveraging federal funding and policy initiatives to develop a large-scale lithium mine and refinery in Nevada, as well as expand battery recycling facilities to help secure and localize the battery materials supply chain.
#abat #stocks
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.