American Battery Technology Company

American Battery Technology Company, formerly American Battery Metals Corporation, is a US-based battery recycling technology startup founded in 2011.[1] It employs a hydrometallurgical process to recycle batteries and a targeted extraction system to extract raw materials from primary resources.[2][3]

American Battery Technology Company
IndustryRenewable energy
Lithium-ion battery
Founded2011 (2011)
Headquarters
United States
Area served
United States
Websiteamericanbatterytechnology.com

In 2019, the company was selected as winner of BASF’s Battery Recycling Circularity Challenge, allowing for the demonstration of its lithium-ion battery recycling technology as part of the Greentown Labs accelerator program.[4] In 2021, it received a $2 million contract from the United States Advanced Battery Consortium, in collaboration with the U.S. Department of Energy for commercialization of its integrated lithium-ion battery recycling system.[5][6]

In October 2022, it was selected for a $57 million grant by the Department of Energy to design, construct, commission, and operate a first-of-its-kind commercial-scale facility to demonstrate its process for the manufacturing of battery cathode-grade lithium hydroxide from unconventional Nevada-based lithium-bearing sedimentary resources.[7]

The company's Research Development Center has been located at the Nevada Center for Applied Research at the University of Nevada Reno since 2021.[8]

Stock market trading

On September 21, 2023, American Battery Technology Company listed on the NASDAQ stock exchange under the ticker $ABAT. Previous to this, it was traded over the counter under the ticker $ABML.

ABML rose to popular awareness as a penny stock in early 2021 alongside other meme stocks such as AMC and Gamestop.[9] Various forums on Reddit, including WallStreetBets, have mentioned and promoted American Battery Technology Company.[10]

References
  1. "American Battery Technology Company (ABML) Company Profile & Facts - Yahoo Finance". finance.yahoo.com.
  2. "American Battery Technology Co, ABML:QBB profile - FT.com". markets.ft.com.
  3. Peters, Adele (4 November 2021). "Why this former Tesla engineer now works on battery recycling". Fast Company.
  4. Karasin, Reena (13 February 2020). "Circularity Challenge Spotlight: American Battery Metals Corporation". Greentown Labs.
  5. "USABC Announces $2 Million Lithium-ion Battery Recycling Program with American Battery Technology Company – USCAR". 26 October 2021.
  6. "ABTC receives contract to demonstrate its hydrometallurgical lithium-ion battery recycling process". Best Magazine. 21 January 2022.
  7. Voloschuk, Chris (October 21, 2022). "ABTC receives US DOE grant for construction of lithium manufacturing facility". Recycling Today. Retrieved 2023-01-06.
  8. "American Battery Technology expands R&D center at the University of Nevada, Reno". Green Car Congress. 2022-08-02. Retrieved 2022-08-27.
  9. Hartwig, Justin (June 17, 2021). "Reddit's Top Investing and Trading Communities".
  10. "Penny Stocks to Buy Now? Why Reddit Traders Are Watching These 10". Yahoo Finance. 9 July 2021.
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