American Battery Technology Company
| Company type | Public |
|---|---|
| Industry | Battery recycling, Clean technology |
| Predecessor | American Battery Metals Corporation |
| Founded | 2011 |
| Headquarters | Reno , United States |
Area served | United States |
| Products | Battery recycling technologies, lithium-ion battery recycling system |
American Battery Technology Company, initially known as American Battery Metals Corporation, is an American startup specializing in battery recycling technologies, established in 2011. The company employs a hydrometallurgical technique to recycle batteries and utilizes a selective extraction method to recover raw materials from primary deposits.
In 2019, it earned recognition by winning BASF’s Battery Recycling Circularity Challenge, which facilitated the demonstration of its lithium-ion battery recycling technology at the Greentown Labs accelerator. Two years later, in 2021, the firm obtained a $2 million contract from the United States Advanced Battery Consortium and the U.S. Department of Energy aimed at commercializing its comprehensive lithium-ion battery recycling system.
October 2022 marked a significant milestone when American Battery Technology Company was awarded a $57 million grant from the Department of Energy to design and operate a commercial-scale plant showcasing its process for producing battery cathode-grade lithium hydroxide derived from lithium-rich sedimentary resources located in Nevada.
Since 2021, the company’s Research Development Center has been housed within the Nevada Center for Applied Research at the University of Nevada Reno.
Stock market trading
On September 21, 2023, American Battery Technology Company transitioned to trading on the Nasdaq exchange under the symbol $ABAT. Prior to this, it was listed over the counter with the ticker $ABML.
During early 2021, ABML attracted attention as a penny stock, alongside other meme stocks such as AMC and GameStop. The company was actively discussed and promoted within online investor groups like Reddit’s WallStreetBets.