ABAT awarded $60.5M in 48C tax credits for battery recycling facilities

AMERICAN BATTERY TECHNOLOGY Co

$20M tax credit awarded Apr 3 for existing recycling facility at Tahoe-Reno Industrial Center, Nevada.
$40.5M additional tax credit awarded Apr 4 for next-gen commercial recycling facility in the U.S.
Total 48C awards now $60.5M; ABTC has also received over $70M in DOE grants previously.
Credits support capital expenditures for critical mineral recycling and processing infrastructure buildout.
Management states feedstock under negotiation exceeds current capacity; new facility aims to scale domestic battery metals supply.

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