American Battery Technology Company Announces Strategic Sale of Legacy Property
Reno, Nev., April 04, 2025 – American Battery Technology Company (ABTC) (NASDAQ: ABAT), a leading integrated critical battery materials company, has announced the sale of its unused legacy property located at 395 Logan Lane in Fernley, Nevada. The 12-acre property has entered into a contract to sell for $6.75 million, with the transaction expected to close on or before July 10, 2025.
This strategic sale supports ABTC’s mission to advance its lithium-ion battery recycling technologies and streamline operations at its commercial-scale battery recycling facility in the Tahoe-Reno Industrial Center (TRIC) at 2500 Peru Drive, McCarran, Nevada. By prioritizing this operational facility, ABTC continues to focus on implementing innovative recycling processes critical to developing a domestic supply of refined battery materials.
“The acquisition of our industrial recycling facility at TRIC substantially accelerated the implementation of our first integrated, commercial-scale lithium-ion battery recycling operations,” said Ryan Melsert, CEO of American Battery Technology Company. “The sale of our legacy Fernley asset will provide additional resources to execute the second phase of our advanced recycling technologies, strengthening our ability to foster one of North America’s first closed-loop battery material supply chains.”
ABTC’s recycling facility employs a first-of-its-kind technology framework combining advanced de-manufacturing processes with selective hydrometallurgical methods. This feedstock-agnostic system processes various lithium-ion batteries regardless of size, shape, or chemistry. The facility’s first operational phase produces materials such as copper, aluminum, steel, lithium intermediate, and black mass. Further refinement in the second phase enables the production of battery-grade nickel sulfate, cobalt sulfate, manganese sulfate, and lithium hydroxide.
The company continues to evaluate opportunities for its real property asset at 390 Logan Lane and its water rights holdings in Fernley, Nevada.
About American Battery Technology Company
Headquartered in Reno, Nevada, ABTC has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals needed for electric vehicles, stationary storage, and consumer electronics. Committed to a circular supply chain for battery metals, ABTC continually innovates and masters new battery metals technologies to power the global transition to electrification and sustainable energy.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from anticipated outcomes. Factors that may cause such differences include general economic conditions, regulatory requirements, and fluctuating mineral and commodity prices. Additional information regarding these risks is available in the Company’s filings with the Securities and Exchange Commission.
