Shares of American Battery Technology Company (NASDAQ:ABAT) rose 2.4% after the company announced a $1 million research partnership with the U.S. Department of Energy’s Argonne National Laboratory ReCell Center to further develop its lithium hydroxide production technology.
Based in Reno, Nevada, ABTC will collaborate with Argonne to evaluate its proprietary electrochemical lithium processing system. The testing will leverage advanced research infrastructure, including the Advanced Photon Source particle accelerator and the Aurora Exascale Supercomputer.
The company’s method aims to significantly reduce the use of chemical reagents and lower operational costs compared to traditional lithium extraction techniques, which are often resource-intensive and generate substantial waste. ABTC says its electrochemical process produces battery-grade lithium hydroxide with reduced environmental impact and competitive performance.
As part of the agreement, Argonne scientists will use high-resolution imaging and characterization tools to analyze how the system performs over time, while the Aurora Supercomputer will process the large datasets generated from those experiments.
“We are committed to developing the next generation of critical mineral manufacturing technologies and to bringing these technologies to commercialization in our domestic-US facilities,” said Ryan Melsert, CEO of ABTC.
The company intends to incorporate the new technology into its lithium-ion battery recycling facilities and its planned claystone-to-lithium hydroxide refinery near Tonopah, Nevada. ABTC also collaborates with other national labs, including Idaho National Laboratory and the National Renewable Energy Laboratory.
American Battery Technology Company stock price
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