American battery technology company awarded additional $40 million competitive tax credit to accelerate construction of next battery recycling facility

Award to supplement capital expenditures to accelerate construction and commissioning of next-generation lithium-ion battery recycling facility to enable expanded north american closed-loop battery metals supply chain reno, nev. , april 4, 2024 /prnewswire/ -- american battery technology company (abtc) (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, has been selected for an additional award of $40.5 million through the qualifying advanced energy project credits program (48c) to support the design and construction of a new, next-generation, commercial battery recycling facility to be located in the united states.
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