American Battery Technology Company receives the Voltas Award for recycling achievements in battery materials, highlighting its innovative technologies and commitment to sustainability.
Quiver AI Summary
American Battery Technology Company (ABTC), based in Reno, Nevada, received the “Outstanding Contribution to Recycling & Reuse in Battery Materials” award at the Fastmarkets Lithium Supply and Battery Raw Materials Voltas Awards for its innovative advancements in battery recycling technologies and domestic critical mineral manufacturing. Competing against 20 global peers, ABTC was recognized for establishing a sustainable, high-purity battery materials recycling process at its facility, which combines demanufacturing and hydrometallurgy to minimize waste and emissions. The company is also set to significantly enhance its recycling capacity with a new $144 million facility, aiming to process 100,000 tonnes annually, while partnering with local universities and leading organizations to foster workforce development and ensure a closed-loop system in battery production. CEO Ryan Melsert expressed gratitude to partners and stakeholders for their support, highlighting ABTC’s commitment to advancing energy security and economic resilience through innovative recycling practices.
Potential Positives
- American Battery Technology Company received the prestigious “Outstanding Contribution to Recycling & Reuse in Battery Materials” award, recognizing its leadership in innovative battery recycling technologies.
- The company demonstrated significant competitiveness by winning the award against 20 global industry peers, highlighting its advancements in battery recycling and domestic mineral manufacturing.
- ABTC's innovative closed-loop recycling system minimizes waste and reduces environmental impact, setting new sustainability benchmarks in the industry.
- The upcoming construction of a second recycling facility, supported by a $144 million investment from the U.S. Department of Energy, will significantly increase the company's recycling capacity, enhancing its market position.
Potential Negatives
- The press release includes a cautionary note regarding "forward-looking statements," indicating potential uncertainties in the company's future performance and its ability to continue as a going concern.
- The company highlights risks related to general economic conditions and fluctuating mineral and commodity prices, which may create volatility in its operational success.
FAQ
What is the 2025 Voltas Award that ABTC received?
ABTC won the 2025 Voltas Award for "Outstanding Contribution to Recycling & Reuse in Battery Materials," recognizing its advances in battery recycling technology.
How does ABTC contribute to battery recycling technology?
ABTC develops innovative recycling technologies that improve recovery rates and minimize waste, enhancing sustainable battery material production.
What is the significance of ABTC’s recycling facility?
ABTC's facility processes recycled battery materials and implements a closed-loop system, reducing waste and limiting environmental impact.
How is ABTC planning to expand its recycling capacity?
ABTC is constructing a second recycling facility designed to process 100,000 tonnes annually, increasing its capacity by fivefold.
What partnerships does ABTC have regarding battery recycling?
ABTC collaborates with organizations like USABC and BASF to recycle metals into new battery materials, closing the production loop effectively.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ABAT Insider Trading Activity
$ABAT insiders have traded $ABAT stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $ABAT stock by insiders over the last 6 months:
- RYAN MITCHELL MELSERT (Chief Executive Officer) sold 131,579 shares for an estimated $225,000
- ELIZABETH ANN LOWERY has made 0 purchases and 2 sales selling 110,000 shares for an estimated $154,950.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ABAT Hedge Fund Activity
We have seen 47 institutional investors add shares of $ABAT stock to their portfolio, and 35 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HUDSON BAY CAPITAL MANAGEMENT LP added 1,018,995 shares (+inf%) to their portfolio in Q1 2025, for an estimated $1,049,564
- VANGUARD GROUP INC added 771,151 shares (+27.8%) to their portfolio in Q1 2025, for an estimated $794,285
- SOVIERO ASSET MANAGEMENT, LP removed 680,000 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $700,400
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 479,406 shares (+inf%) to their portfolio in Q1 2025, for an estimated $493,788
- MORGAN STANLEY removed 446,665 shares (-89.6%) from their portfolio in Q1 2025, for an estimated $460,064
- CHICO WEALTH RIA added 200,000 shares (+inf%) to their portfolio in Q1 2025, for an estimated $206,000
- XTX TOPCO LTD added 139,744 shares (+inf%) to their portfolio in Q1 2025, for an estimated $143,936
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Reno, Nev., June 26, 2025 (GLOBE NEWSWIRE) -- American Battery Technology Company (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, was honored with the “Outstanding Contribution to Recycling & Reuse in Battery Materials” award at the annual industry Fastmarkets Lithium Supply and Battery Raw Materials Voltas Awards Celebration.
The Voltas Awards recognize visionaries reshaping global battery raw materials supply chains. From cutting-edge technologies to forward-thinking sustainability initiatives, the achievements celebrated bold contributions to building a resilient and responsible energy future. This award, which judged American Battery Technology Company's (ABTC) battery recycling competitiveness against 20 global industry peers, underscores the impact and relevance of ABTC’s internally developed advancements in battery recycling technology, domestic-US critical mineral manufacturing, and its commitment to strengthening the nation's economic resilience and energy security.
"We are proud and humbled that after this elite group of industry judges evaluated these 20 global battery recycling finalists, they chose ABTC as the winner of this prestigious award,” shared Ryan Melsert, CEO of American Battery Technology Company. “This award is a testament to the dedication and contributions of all of our stakeholders, and on behalf of the company I would like to extend my deepest gratitude to our partners, whose vision and support have driven these efforts forward, to our long-term shareholders, whose trust and commitment have been instrumental to our growth, and to the employees of ABTC, whose innovation, passion, and hard work make achievements like this possible."
Bolstering supply chain durability and energy security, in less than two years, ABTC has achieved significant milestones, developing innovative recycling technologies, launching commercial operations, and selling recycled battery materials processed at its first lithium-ion battery recycling facility. This facility operates using an internally-developed "de-manufacturing" process paired with targeted hydrometallurgy to strategically extract high-purity battery grade critical minerals. This closed-loop system minimizes waste, reduces water consumption, and significantly limits air pollution and emissions, setting a new benchmark for sustainable recycling practices.
The recycling operation involves two key phases. During the initial demanufacturing phase, battery components are processed into valuable products, including copper, aluminum, steel, a lithium intermediate, and a black mass intermediate material. The second hydrometallurgical phase further refines these intermediates. The lithium intermediate is processed into battery-grade lithium hydroxide, while the black mass intermediate is transformed into battery-grade nickel, cobalt, manganese, and lithium hydroxide products.
This single-facility process eliminates the inefficiencies of producing and transporting inconsistent intermediary materials, such as black mass, to offsite locations. Instead, ABTC’s recycling technologies optimize recovery rates, including lithium extraction during the mechanical phase, and reduces operating costs by strategically removing impurities upfront in its demanufacturing processes instead of through chemical agent intensive downstream separation processes. Having both its mechanical and hydrometallurgical recycling trains in a single facility, the company ensures reactive materials remain securely contained within closed-loop systems throughout the operation.
ABTC is advancing its recycling capabilities and with the support of its stakeholders has already initiated the construction design of its second state-of-the-art recycling facility. Designed to process an impressive 100,000 tonnes annually, this next-generation site will increase ABTC’s recycling capacity by fivefold. This expansion, supported by a $144 million investment from the U.S. Department of Energy, represents a major step forward in scaling sustainable recycling solutions.
Central to ABTC's progress is a team of seasoned professionals, many with experience from Tesla’s first Gigafactory. ABTC also partners with local universities to nurture workforce development, preparing the next generation of engineers and scientists through internships and hands-on collaborations. These initiatives have created specialized jobs in northern Nevada, bolstering the local economy and strengthening expertise in critical mineral manufacturing and recycling.
Additionally, ABTC collaborates with leading organizations such as the United States Advanced Battery Consortium (USABC) and BASF to recycle metals into cathode materials that are reintegrated into new battery cells. This approach closes the loop on battery production, positioning ABTC as one of the few U.S.-based companies that can manage the entire process of material production, refinement, and recycling domestically with its partners.
About American Battery Technology Company
American Battery Technology Company (ABTC), headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries. Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are “forward-looking statements.” Although the American Battery Technology Company’s (the “Company”) management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, risks and uncertainties related to the Company’s ability to continue as a going concern; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended June 30, 2024. The Company assumes no obligation to update any of the information contained or referenced in this press release.
Attachments
- American Battery Technology Company wins the 2025 “Outstanding Contribution to Recycling & Reuse in Battery Materials” Voltas Award
- American Battery Technology Company judged against 20 global competitors to win the 2025 “Outstanding Contribution to Recycling & Reuse in Battery Materials” Fastmarkets’ Voltas Award