ABTC signs $20M non-dilutive pre-payment term sheet with TechMet-Mercuria for recycled battery metals

AMERICAN BATTERY TECHNOLOGY Co

$20M non-dilutive pre-payment from TechMet-Mercuria for black mass intermediate material.
Acquired hazardous waste recycling facility and equipment from LiNiCo; $6M equipment, $21M facility, $1.5M escrow.
First integrated recycling facility designed to process over 20,000 MT of battery feedstock per year.
First phase to produce copper, aluminum, steel, lithium intermediate, and black mass; second phase refines to battery grade.
Marketing arrangement with TechMet-Mercuria for sale of products to end-use customers.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

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 0001493152-23-006985

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