American Battery Technology ABAT Stock Wins Back $115M DOE Grant for Tonopah Lithium Project in Nevada
carboncredits.comAmerican Battery Technology Company (ABAT) has secured a reinstated $115 million grant from the U.S. Department of Energy for its Tonopah Flats Lithium Project in Nevada. The grant was initially awarded in 2022 but faced termination in 2025 before being restored after a formal dispute review. The funding will support the first phase of a lithium refinery designed to produce battery-grade lithium hydroxide for electric vehicles and energy storage systems. The Tonopah Flats project is one of the largest lithium claystone resources in the United States, spanning over 10,000 acres. ABAT's proprietary selective leach extraction technology aims to reduce water use, chemical consumption, and production costs compared to conventional lithium processing methods. The company has already demonstrated production of battery-grade lithium hydroxide from Nevada claystone deposits. This reinstatement is significant because few terminated DOE grants have been overturned after appeal. It validates the project's progress and ABAT's technology after months of federal review. Domestic lithium production is critical as the U.S. works to secure its supply chain for batteries and clean energy manufacturing.
