American Battery Technology receives $20M DOE grant for battery recycling project

AMERICAN BATTERY TECHNOLOGY Co

Total project $20M; DOE provides $10M in direct funding; ABTC and partners contribute $10M cost-share.
Grant award DE-EE0010396 effective Oct 1, 2023, for advanced separation and processing technologies.
ABTC selected as one of five companies nationwide under DOE's Electric Drive Vehicle Battery Recycling opportunity.
Project aims to validate and commercialize three first-of-kind advanced technologies to increase product recovery.
ABTC is commissioning its first commercial-scale lithium-ion battery recycling facility in Tahoe-Reno Industrial Center.

Key facts

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

AMERICAN BATTERY TECHNOLOGY Co entered into Assistance Agreement with United States Department of Energy valued at $20,000,000 (effective 2023-10-01).

Action: entry
Counterparty: United States Department of Energy
Value: $20,000,000
Effective: 2023-10-01

Exact text from the filing

On September 27, 2023, American Battery Technology Company (the “Company”) and the United States Department of Energy (the “DOE”) entered into an Assistance Agreement (the “Grant”), award number DE-EE0010396, with an effective date of October 1, 2023, for a $20,000,000 project for advanced separation and processing technologies for an integrated lithium-ion battery recycling system.

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Source: SEC EDGAR

accession 0001493152-23-033818

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