Hardik Shah
2026.06.08 10:25

โšก ๐”๐๐ƒ๐€๐“๐„: $American Battery Tech(ABAT.US) American Battery Technology Wins Appeal, Restores $๐Ÿ๐Ÿ๐Ÿ“๐Œ DOE Grant

๐Ÿ‘‰ ๐Š๐ž๐ฒ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:

โžค DOE reinstates $๐Ÿ๐Ÿ๐Ÿ“๐Œ grant for the ๐“๐จ๐ง๐จ๐ฉ๐š๐ก ๐…๐ฅ๐š๐ญ๐ฌ Lithium Project.

โžค Funding supports construction of a commercial-scale ๐ฅ๐ข๐ญ๐ก๐ข๐ฎ๐ฆ ๐ซ๐ž๐Ÿ๐ข๐ง๐ž๐ซ๐ฒ.

โžค Original grant was terminated in October 2025 before a successful appeal.

โžค DOE concluded continuation of the project was ๐ฐ๐š๐ซ๐ซ๐š๐ง๐ญ๐ž๐ after review.

โžค Grant reinstated with ๐ง๐จ ๐œ๐ก๐š๐ง๐ ๐ž๐ฌ to funding levels or milestones.

โžค Prefeasibility study projected $๐Ÿ.๐Ÿ“๐Ÿ•๐ NPV and ๐Ÿ๐Ÿ.๐Ÿ–% IRR.

โžค Project remains a federal ๐๐ซ๐ข๐จ๐ซ๐ข๐ญ๐ฒ ๐๐ซ๐จ๐ฃ๐ž๐œ๐ญ for streamlined permitting.

๐Ÿ’ฌ ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ ๐’๐ญ๐š๐ญ๐ž๐ฆ๐ž๐ง๐ญ:

โ€œWe are proud of our long-standing partnership with the U.S. Department of Energy,โ€ said Ryan Melsert, CEO of American Battery Technology Company.

โ€œOf the hundreds of DOE grants terminated last Fall, very few have been able to successfully appeal the decisions and have their contracts reinstated.โ€

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