Browsing: lithium-ion battery recycling

ABTC sells unused property in Fernley, Nevada for $6.75 million to support lithium-ion battery recycling technologies

ABTC sells unused property in Fernley, Nevada for $6.75 million to support lithium-ion battery recycling technologies

Grant award from U.S. Department of Energy supports construction of new facility with 100,000 tonnes/year processing capacity

Reno, Nev.-based American Battery Technology Company has entered into securities purchase agreements with institutional investors for a $5 million registered direct offering.

American Battery Technology Company has entered into a contract to sell 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 support the advancement of lithium-ion battery recycling technologies at its commercial-scale facility in the Tahoe-Reno Industrial Center.

American Battery Technology Company (ABTC) has been selected for a $150 million federal grant from the U.S. Department of Energy (DOE) to construct a second lithium-ion battery recycling facility in North America. The expansion supports the company’s closed-loop battery metals supply chain and America’s transition to electrification.