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American Battery Technology Receives LoI From EXIM For $900M In Financing For Tonopah Flats Lithium Project
Benzinga·04/29/2025 13:32:54
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- The EXIM funding, if realized, would support the construction of a domestic lithium mine and a 30,000 tonne lithium hydroxide per year refinery, located on the company's Nevada Tonopah Flats Lithium Project site
- Aligned with EXIM's ‘Make More in America' and its ‘China and Transformational Export Program' initiatives that support beneficial financing for domestic manufacturing facilities of critical minerals
- The company has already successfully demonstrated its technologies at pilot scale and manufactured battery-grade lithium hydroxide from claystone collected from its Tonopah Flats lithium resource, one of the largest known lithium deposits in the United States
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, is pleased to confirm that it has received a Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM) for $900 million in financing to support the construction of American Battery Technology Company's (ABTC) commercial-scale lithium mine and claystone-to-lithium hydroxide refinery near Tonopah, Nevada.
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① During the campaign period, US stocks, US stocks short selling, US stock options, Hong Kong stocks, and A-shares trading will maintain at $0 commission, and no subscription/redemption fees for mutual fund transactions. $0 fee offer has a time limit, until further notice. For more information, please visit: https://www.webull.hk/pricing
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
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