ABTC awarded $144M DOE grant for second lithium-ion battery recycling facility

AMERICAN BATTERY TECHNOLOGY Co

Total project value $368.5M; DOE cost share $143.6M, company share $224.9M.
Second facility will process 100,000 tonnes/year of battery materials, five times first plant throughput.
Grant commences January 1, 2025; funds obligated $123M of DOE share.
Facility will output battery-grade Ni, Co, Mn, LiOH; BASF offtake agreement from Summer 2023.
Expected to create 1,200 construction jobs and 300 operations jobs.

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