American Battery Technology Receives LoI From EXIM For $900M In Financing For Tonopah Flats Lithium Project

American Battery Technology Co. -0.13%

American Battery Technology Co.

ABAT

3.92

-0.13%

  • The EXIM funding, if realized, would support the construction of a domestic lithium mine and a 30,000 tonne lithium hydroxide per year refinery, located on the company's Nevada Tonopah Flats Lithium Project site
  • Aligned with EXIM's ‘Make More in America' and its ‘China and Transformational Export Program' initiatives that support beneficial financing for domestic manufacturing facilities of critical minerals
  • The company has already successfully demonstrated its technologies at pilot scale and manufactured battery-grade lithium hydroxide from claystone collected from its Tonopah Flats lithium resource, one of the largest known lithium deposits in the United States

 American Battery Technology Company (NASDAQ:ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, is pleased to confirm that it has received a Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM) for $900 million in financing to support the construction of American Battery Technology Company's (ABTC) commercial-scale lithium mine and claystone-to-lithium hydroxide refinery near Tonopah, Nevada.

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