Washington Commits Another $2 Billion to Domestic Battery Supply
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
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