American Battery Technology Company Selected for US DOE Grant for $115M First-of-Kind Commercial-Scale Lithium Production Facility

American Battery Technology Company Receives $115M US Department of Energy Grant for First Commercial-Scale Lithium Production Facility.

American Battery Technology Company (ABTC) (OTCQB: ABML), an American critical battery materials company commercializing both its primary mineral manufacturing and secondary mineral recycling technologies for lithium-ion batteries, has been named as the recipient of competitive financing under the bipartisan Infrastructure Selected Law to expand domestic production of battery-grade lithium hydroxide for lithium-ion batteries for electric vehicles, with a focus on domestic processing of materials and components currently imported from abroad.

Working with funding partners DuPont Water Solutions, the University of Nevada, Reno and Argonne National Laboratory, ABTC was awarded $57 million by the US Department of Energy (DOE) for this project to design, build, in to commission and operate a commercial-scale -art facility to demonstrate its novel process for the production of battery cathode grade lithium hydroxide from unconventional lithium-bearing sediment resources in Nevada.

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The commercial scale demonstration of this new low cost and environmentally friendly process for producing lithium products from unconventional sediment resources can expand the domestic US lithium resource base and enable the US battery manufacturing supply chain to operate in a self-determined manner. maintain closed-loop mode.

This award was announced during a Presidential event at the White House that included a head-to-head conversation about the importance of this project between US President Joe Biden, Secretary of Energy Jennifer Granholm and ABTC CEO Ryan Melsert.

Ryan MelsertABTC CEO said:

We are honored and pleased to have been selected by the US Government for this investment to accelerate the construction and startup of our first commercial scale lithium refinery to produce battery grade metals from sedimentary claystone resources in Nevada.

“Unfortunately, the U.S. has been essentially a non-player in the lithium manufacturing industry for the past few decades, and while the nation has built massive amounts of multi-billion dollar electric vehicle and lithium-ion battery factories in recent years, nearly 100% are of the lithium materials that power these plants are imported from abroad.”

Currently, the vast majority of lithium products manufactured worldwide use conventional brine or hard rock ores as feedstock, and less than 1% of these lithium products are sourced from the U.S. critical materials used to make lithium-ion batteries will strengthen American supply chains that Accelerate battery production to meet increased demand, and ensure the country’s economic competitiveness, energy independence and national security.

This grant accelerates progress on already ongoing plant demonstration and commercialization efforts as ABTC, in partnership with DuPont and the University of Nevada, Reno, received a $4.5 million grant from the US Department of Energy in 2021 for construction and operation of a demonstration scale multi-tonne per day to accelerate the commercialization and scale-out of this critical lithium manufacturing technology.

This funding, announced by the DOE, is the first phase of a total of over $7 billion made available through the President’s bipartisan infrastructure bill for the battery supply chain.

The DOE’s Office of Manufacturing and Energy Supply Chains (MESC) is responsible for strengthening and securing the manufacturing and energy supply chains needed to modernize the country’s energy infrastructure and support a clean and just energy transition.

MESC will manage the portfolio of projects with support from the Office of Vehicle Technologies of the DOE Office of Energy Efficiency and Renewable Energy.

In addition to ensuring a sustainable domestic supply of battery-grade lithium hydroxide, the proposed project aims to create permanent local jobs, infrastructure improvements, educational opportunities and other economic developments.

This program will work towards developing the next generation of diverse scientists and engineers who will continue to innovate for future generations. By leveraging the resources and expertise of collaborating grant partners, the project has the potential to create over 150 new skilled regional jobs and encourage local community-driven improvement through an environmental and equity-focused micro-grant program.

Building on our current partnership with the University of Nevada, Reno, ABTC will work to expand STEM-based education for underprivileged communities and internship opportunities for students.

Brian Sandovalsaid the university president:

The American Battery Technology Company is demonstrating tremendous leadership in the development of technology and a new energy economy on the campus of the University of Nevada, Reno.

“By creating jobs and internships, they bring new experiences to our students and contribute to the readiness and diversity of our future scholars and the nation.”

About American Battery Technology Company

American Battery Technology Company is uniquely positioned to supply low-cost, environmentally friendly and domestically sourced battery metals through its three businesses: Lithium Ion Battery Recycling, Primary Battery Metals Recovery Technologies and Primary Resource Development.

American Battery Technology Company has built a clean technology platform that serves as a major source of domestically manufactured critical and strategic battery metals to meet the near-insatiable demands of the electric vehicle, power grid storage and consumer electronics industries.

This ESG-principled platform works to create a closed-loop battery metals economy, committed to ethical and environmentally responsible sourcing of critical and strategic materials.

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American Battery Technology Company Selected for US DOE Grant for $115M First-of-Kind Commercial-Scale Lithium Manufacturing Facility, RENO, Nev., October 21, 2022


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