American Battery Technology Company Wins Appeal and Has US Department of Energy Grant Reinstated for $115 million Project for Commercial Scale Critical Mineral Lithium Refinery
American Battery Technology Company won its appeal to the U.S. Department of Energy, resulting in the full reinstatement of a $115 million grant for its Tonopah Flats Lithium Project. The DOE concluded that the project achieved all contracted technical and commercial milestones, reversing a termination notice issued in October 2025.
Key figures
- Deal Value Usd
- 115000000
- Irr
- 21.8%
- Npv 8pct
- $2.57 billion
- Production cost
- $4,307 per tonne
- Project capacity
- 5,000 tonnes per year
AI analysis
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