American Battery Metals Corporation (OTCQB:ABML), soon to be known as American Battery Technology Company, has been selected for a $4.5 million grant by the US Department of Energy’s Advanced Manufacturing Office, the company announced Thursday.
This funding opportunity is part of a DOE effort to reduce American dependence on imported critical materials by diversifying the sources of materials needed for energy technologies and establishing domestic capabilities to refine the materials used in manufacturing, the company said.
“We are proud to have been selected for this opportunity along with our industry partners after undergoing a rigorous competitive assessment over the past six months,” Chief Technology Officer Ryan Melsert said in a statement.
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“We are excited to move forward with this proposed three-year project that will evolve our first-of-kind system design from bench-scale validations to the construction, commissioning and operation of a multi-ton per day integrated system that receives lithium-rich claystone material as the feed and manufactures battery cathode specification lithium hydroxide as the product,” Melsert added.
American Battery’s project is titled, “Field Demonstration of Selective Leaching, Targeted Purification, and Electro-Chemical Production of Battery Grade Lithium Hydroxide Precursor from Domestic Claystone Resources.”
“We are grateful to have been selected for this award from the Department of Energy. We are fortunate to work with forward-thinking, collaborative partners — including the United States government — as we seek to create a self-sustaining and closed-loop economy for the domestic production of critical and strategic battery metals that will fuel the clean energy revolution.”
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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