Reno, Nev., Jan. 21, 2025 (GLOBE NEWSWIRE) — American Battery Technology Company (NASDAQ: ABAT), a leading integrated critical battery materials company, has launched a new drill program aimed at accelerating the commercialization of its Tonopah Flats Lithium Project (TFLP). The project has been identified as one of the largest known lithium resources in the United States, with approximately 21.2 million tons of economically accessible lithium (LCE).
Project Background and Objectives
The drill program is a crucial step in the completion of a prefeasibility study (PFS) for the TFLP. The primary objectives of this program are to:
- Define the structural mine pit shape
- Enhance the resolution of the 3D resource model
- Improve understanding of high-grade continuity within the proposed pit
- Collect core samples for assay and characterization, particularly in the previously unexplored southwest section of the claim block
Key Partnerships and Technologies
American Battery Technology Company has partnered with Truth North Drilling of Tonopah, Nevada, for the core sample collections. Barr Engineering, a top-tier mining engineering firm, is supporting the company in designing and developing its ‘mine plan of operation’ and publishing the PFS for the TFLP. The company has already successfully manufactured battery-grade lithium hydroxide material from its TFLP claystone resource using its internally developed integrated demonstration-scale facility.
Future Plans and Significance
ABTC has engaged Black & Veatch, a premier global construction firm, for the engineering, procurement, and construction of a 30,000 tonnes per year commercial-scale lithium hydroxide refinery to be built directly at the TFLP resource. This development is significant as it aims to increase domestic U.S. production of battery-grade lithium products by accessing lithium within unconventional lithium-rich claystone material found in central 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. The company is committed to a circular supply chain for battery metals and continually innovates to master new battery metals technologies that support a global transition to electrification and sustainable energy.
