ABTC acquires recycling facility for $27M and signs $20M pre-payment term sheet with TechMet-Mercuria

AMERICAN BATTERY TECHNOLOGY Co

Purchased industrial equipment from LiNiCo for $6M; facility purchase expected to close by March 31 for $21M.
$1.5M of purchase price held in escrow for up to 18 months for indemnification claims.
Signed term sheet with TechMet-Mercuria for $20M non-dilutive pre-payment for recycled battery metal products.
First integrated recycling facility designed to process over 20,000 MT of battery feedstock per year.
Term sheet includes marketing arrangement; definitive documents expected in coming weeks.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

AMERICAN BATTERY TECHNOLOGY Co entered into Agreements with LiNiCo Corporation valued at $6 million (effective 2023-03-01).

Action: entry
Agreement: asset purchase
Counterparty: LiNiCo Corporation
Value: $6 million
Effective: 2023-03-01

Exact text from the filing

On March 1, 2023, American Battery Technology Company (the “Company”) and LiNiCo Corporation (“LiNiCo”) entered into an asset purchase agreement and membership interest purchase agreement (collectively referred herein as the “Agreements”) for the purchase of a commercial hazardous waste recycling facility

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233 material agreements filed in the last 30 days. Browse all material agreements →

AMERICAN BATTERY TECHNOLOGY Co filing history →

Source: SEC EDGAR

accession 0001493152-23-006926

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