NasdaqCM:ABATMetals and Mining
Will ABAT’s Response to the DOE Grant Loss Reveal the Resilience of Its Growth Strategy?
Earlier this month, American Battery Technology Company confirmed that the U.S. Department of Energy terminated a US$115 million grant intended for the construction of its lithium hydroxide project in Nevada, prompting the company to continue developing the project with over US$52 million raised from investors and to appeal the DOE’s decision.
This development spotlights the volatility in U.S. battery supply chain funding and American Battery Technology’s efforts to maintain project progress...
