American Battery Technology Company (ABTC) (NASDAQ: ABTC), a leading integrated critical battery materials company, has reached a significant commercial milestone by securing a direct binding agreement for the purchase of its accumulated recycled black mass material. The buyer is a domestic strategic customer, and the material originates from ABTC’s cutting-edge lithium-ion battery recycling facility, which commenced operations in [Location of facility]. This facility employs ABTC’s unique integrated recycling processes, based on a strategic de-manufacturing approach that combines a deconstruction process with a targeted selective hydrometallurgical process. This system is adaptable to various feedstock forms, enabling the processing of lithium-ion batteries and manufacturing scrap of different sizes, shapes, and internal chemistries. The initial phase of the recycling process yields recycled products including copper, aluminum, steel, a lithium intermediate, and a black mass intermediate material. The integrated second phase, currently under implementation, refines these materials into battery-grade nickel sulfate, cobalt sulfate, manganese sulfate, and lithium hydroxide. ABTC’s strategic focus is on selling its recycled products domestically, bolstering the development of a North American closed-loop circular battery metals supply chain. Previously, the company considered marketing its black mass intermediate material internationally, but prioritized domestic sales to foster a robust domestic battery supply chain. ABTC’s CEO, [CEO Name], expressed the company’s pride in manufacturing substantial quantities of high-nickel and cobalt content recycled black mass material at its commercial-scale recycling facility. He emphasized ABTC’s commitment to selling recycled materials domestically to support the establishment of closed-loop operations within North America, rather than exporting these critical minerals. ABTC is proud of its strong relationships with domestic customers, which allow for direct sales of recycled products, eliminating the need for intermediaries. ABTC’s innovative battery recycling and primary battery metals commercialization efforts play a vital role in building a domestically sourced battery metals circular supply chain. Headquartered in [Location of headquarters], ABTC is a pioneer in developing and commercializing first-of-kind technologies that provide domestically manufactured and recycled battery metals, addressing the burgeoning demand from the electric vehicle, stationary storage, and consumer electronics industries. Dedicated to a circular supply chain for battery metals, ABTC continuously innovates and masters new battery metals technologies, contributing to a global transition to electrification and the future of sustainable energy. This press release contains forward-looking statements. Although ABTC management believes these statements are reasonable, they cannot guarantee their accuracy. Such statements involve risks and uncertainties, which may cause actual results to differ significantly from anticipated results. Potential risks and uncertainties include, but are not limited to, the Company’s ability to continue as a going concern, general economic conditions and conditions affecting the Company’s operating industries, uncertainties regarding regulatory requirements and approvals, and fluctuating mineral and commodity prices. For further information regarding factors that may cause actual results to differ materially from these forward-looking statements, please refer to ABTC’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended [Year]. ABTC assumes no obligation to update any information contained or referenced in this press release.
American Battery Technology Company Achieves Commercial Milestone with Direct Sale of Recycled Black Mass Material
