American Battery Technology Company Announces Strategic Sale to Advance Battery Recycling Technologies
American Battery Technology Company (NASDAQ: ABAT) has announced the sale of its 12-acre legacy property in Fernley, Nevada for $6.75 million, with the transaction expected to close by July 10, 2025. The sale proceeds will be used to advance the company’s lithium-ion battery recycling technologies at its commercial-scale facility in the Tahoe-Reno Industrial Center (TRIC) in McCarran, Nevada.
The TRIC facility employs a first-of-its-kind technology framework that combines advanced de-manufacturing processes with selective hydrometallurgical methods. This innovative approach enables the processing of various lithium-ion batteries regardless of their size, shape, or chemistry. The facility’s first phase produces materials such as copper, aluminum, steel, lithium intermediate, and black mass. In the second phase, the facility will produce battery-grade nickel sulfate, cobalt sulfate, manganese sulfate, and lithium hydroxide, which are critical components for the production of new batteries.
The sale of the Fernley property represents a strategic decision to optimize the company’s assets and strengthen its financial position. The $6.75 million transaction amounts to approximately 8% of the company’s current market capitalization of $83 million, providing significant capital for technology commercialization. According to Ryan Melsert, CEO of American Battery Technology Company, “The acquisition of our industrial recycling facility at TRIC substantially accelerated the implementation of our first integrated, commercial-scale lithium-ion battery recycling operations. The sale of one of our legacy Fernley assets will provide additional resources to continue to execute the second phase of our advanced recycling technologies, strengthening our ability to foster the development of one of North America’s first closed-loop battery material supply chains.”
The company continues to evaluate opportunities for its remaining property at 390 Logan Lane and its water rights holdings in Fernley, indicating potential for further asset optimization. This strategic move aligns with the company’s commitment to innovating and mastering new battery metals technologies that support the global transition to electrification and sustainable energy.
