Reno, Nev., April 08, 2025 — American Battery Technology Company (NASDAQ: ABAT), a leading integrated critical battery materials company, has successfully completed its fourth drill program at the Tonopah Flats Lithium Project (TFLP) in Nevada. This achievement represents a crucial step in accelerating the commercialization of the company’s domestic lithium resource, aligning with President Trump’s recent executive order to increase American mineral production.
The fourth drill program, conducted by True North Drilling of Tonopah, Nevada, aimed to further define the previously disclosed lithium resource, enhance the resolution of the 3D resource model, and provide geotechnical data for the mine’s structural pit design. The samples collected during this phase are currently being assayed and characterized to determine the continuity of economic-grade lithium content across the proposed mine area.
Key Developments
- The drill program consisted of eight geotechnical holes, totaling approximately 6,900 feet of drilling.
- Barr Engineering, a top-tier mining engineering firm, has been engaged to support the company in designing the ‘mine plan of operation’ and publishing a prefeasibility study (PFS) for the TFLP.
- The upcoming PFS will build upon the Amended Initial Assessment published in April 2024, which identified the TFLP as one of the largest domestic lithium resources, with an estimated 21.2 million tons of lithium carbonate equivalent (LCE).
- American Battery Technology Company has already successfully manufactured battery-grade lithium hydroxide material from its TFLP claystone resource using its internally developed integrated demonstration-scale facility.
- The company has partnered with 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 on the TFLP mining claims.
Project Significance
The Tonopah Flats Lithium Project is pivotal in American Battery Technology Company’s mission to lead the sustainable advancement of critical battery materials and secure a significant role in meeting the U.S.’s growing demand for domestically produced critical mineral lithium. By prioritizing innovation, collaboration, and environmentally responsible practices, the company continues to pave the way for a more resilient and independent battery supply chain.
As the U.S. seeks to significantly increase domestic production of battery-grade lithium products, American Battery Technology Company has developed innovative technologies to access lithium within unconventional lithium-rich claystone material found in central Nevada. This approach is crucial given the limited availability of conventional lithium resources in the U.S.
The company’s efforts are part of a broader strategy to onshore the manufacturing of reliable American critical mineral products, support national security, reinforce supply chain stability, and create high-quality jobs. With the completion of the fourth drill program, American Battery Technology Company remains committed to its mission of advancing the domestic battery supply chain through sustainable and innovative practices.
