American battery technology company announces commercial transaction for bulk purchase of recycled black mass material by domestic strategic customer

American battery technology company (abtc) achieves major commercial milestone for its internally-developed, first-of-kind, commercial-scale battery recycling facility by entering into a binding purchase agreement for accumulated volume of its recycled black mass material to a domestic strategic customer ensuring recycled black mass feeds the north american circular battery metals supply chain, as opposed to being sold to the asian refining market, abtc strategically shifts to direct sale of its products, as opposed to working indirectly through marketing agents black mass material recycled from lithium-ion batteries contains metals such as lithium, nickel, and cobalt that can be used in the manufacturing of new lithium-ion batteries needed to power consumer electronics, stationary grid storage systems, and electric vehicles reno, nev. , july 10, 2024 /prnewswire/ -- 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, achieved a major commercial milestone by entering into a direct binding agreement for the purchase of its accumulated recycled black mass material by a domestic strategic customer from its first-of-kind lithium-ion battery recycling facility.
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