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 will support 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). The facility, located at 2500 Peru Drive, McCarran, Nevada, is a critical component of ABTC’s innovative recycling processes that are essential for 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 American Battery Technology Company CEO Ryan Melsert. “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.”
ABTC’s recycling facility is built on a first-of-its-kind technology framework that combines advanced de-manufacturing processes with selective hydrometallurgical methods. This feedstock-agnostic system allows for the processing of 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 the company’s water rights holdings located in Fernley, Nevada.
About American Battery Technology Company American Battery Technology Company (ABTC), headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries. Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.
