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Washington Commits Another $2 Billion to Domestic Battery Supply

$ABATPress releaseAug 10, 2026, 2:50 PM ETRead the release

American Battery Technology Company secured the full reinstatement of a competitive DOE grant supporting the $115 million first phase of its commercial-scale lithium refinery at Tonopah Flats. The company reported record quarterly revenue and achieved its first positive gross margin in the third fiscal quarter of 2026, supported by a pre-feasibility study outlining 2.73 million tonnes of proven and probable lithium reserves.

Key figures

Record quarter
Q3 fiscal 2026
Grant phase one
$115 million
Profitability milestone
first positive gross margin
Proven probable reserves
2.73 million tonnes

AI analysis

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    ABAT: Washington Commits Another $2 Billion to Domestic Battery Supply — AI Analysis | Signal8