ABAT wins appeal, DOE reinstates $115M grant for lithium hydroxide refinery; project extended to 2029

AMERICAN BATTERY TECHNOLOGY Co

DOE reinstates $115M grant for commercial-scale lithium hydroxide refinery at Tonopah Flats; DOE share $57.7M, company cost share $57.7M.
Grant was terminated Oct 2025; appeal filed Oct 2025; reinstated retroactively to Sep 2025 after technical review.
Project period extended to Dec 31, 2029 with adjusted budget periods; no change to awarded funds or milestones.
PreFeasibility Study shows after-tax NPV@8% of $2.57B, IRR 21.8%, production cost $4,307/tonne LHM.
Reinstatement underscores cross-administration federal support for domestic critical mineral manufacturing.

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 Modification Agreement with United States Department of Energy valued at $115,489,662 (effective 2026-06-02).

Action: entry
Counterparty: United States Department of Energy
Value: $115,489,662
Effective: 2026-06-02

Exact text from the filing

On June 2, 2026, American Battery Technology Company (the “Company”) and the United States Department of Energy (the “DOE”), through its Manufacturing Energy Supply Chain (“MESC”) office, entered into a new agreement to modify (the “Modification Agreement”) the previous Assistance Agreement award number DE-MS0000010 (the “Grant”), for a $115,489,662 project for the design, construction, commissioning, and operation of a commercial scale facility for the manufacturing of battery cathode grade lithium hydroxide.

View on SEC.gov

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

AMERICAN BATTERY TECHNOLOGY Co filing history →

Source: SEC EDGAR

accession 0001493152-26-027667

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.