Core Viewpoint - American Battery Technology (ABAT) is experiencing significant volatility following the cancellation of a $57.7 million Department of Energy (DOE) grant, despite previously publishing a positive Pre-Feasibility Study on its lithium project [1][3]. Company Performance - ABAT shares increased by 100% over the month before plummeting by 57% in a few days after the grant cancellation [1]. - As of October 21, ABAT stock rebounded, gaining 38.56% on that day and an additional 2.86% in pre-market trading, reaching $6.90 [2]. Strategic Importance - Analysts believe ABAT is crucial for the domestic critical mineral supply chain, suggesting that its success should not depend solely on a single grant [3]. - The company plans to appeal the DOE's decision and remains optimistic about its future prospects [4][6]. Project Continuation - Regardless of the appeal outcome, ABAT intends to proceed with its lithium hydroxide production project without altering its timeline or scope [6]. - The project has received support from the Trump Administration's National Energy Dominance Council, which has expedited its permitting process [6]. Market Context - ABAT's strategy focuses on reducing U.S. reliance on foreign lithium, particularly from China, and aims to localize the entire battery supply chain [7]. - The growing AI sector and electric vehicle industry, both reliant on rare earths and lithium, could benefit ABAT's business model [8]. Investment Considerations - ABAT's stock currently trades at a price-to-book (P/B) ratio of 8.1x, significantly higher than the metals and mining industry's average of 2.4x, indicating high investor expectations for growth [9]. - The company's potential to benefit from increasing domestic lithium production demand may attract risk-prone investors willing to navigate price volatility [11].

Core Insights - The article discusses the author's extensive experience in executive management and knowledge in insurance/reinsurance, Global and Asia Pacific markets, climate change, and ESG [1]. Group 1 - The author has 36 years of experience in executive management, focusing on economic development [1]. - The author holds an honours degree in economics and politics, emphasizing economic development [1]. - The author invests in a personal capacity, indicating a hands-on approach to investment [1].

Market Overview - U.S. stock futures are lower, with Dow futures dropping over 200 points on Friday [1] Company-Specific Movements - Bitfarms Ltd (NASDAQ:BITF) shares fell 9.5% to $4.78 in pre-market trading after announcing the pricing of upsized $500 million convertible senior notes [1] - American Battery Technology Co (NASDAQ:ABAT) shares tumbled 19.8% to $4.55 in pre-market trading, following a 37% decline on Thursday due to the termination of a Department of Energy grant [3] - HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares dipped 18.2% to $4.78 in pre-market trading after a 14% decline on Thursday [3] - Standard Lithium Ltd (NYSE:SLI) shares declined 17.3% to $4.45 in pre-market trading after pricing a $130 million underwritten public offering [3] - Almonty Industries Inc (NASDAQ:ALM) slipped 16.4% to $7.11 in pre-market trading after a 12% dip on Thursday [3] - Mesoblast Ltd (NASDAQ:MESO) declined 13.7% to $15.63 in pre-market trading [3] - Jumia Technologies AG – ADR (NYSE:JMIA) shares fell 13.2% to $10.31 in pre-market trading [3] - Terawulf Inc (NASDAQ:WULF) shares fell 13.1% to $12.05 after reporting the pricing of $3.2 billion of senior secured notes [3] - Diginex Ltd (NASDAQ:DGNX) shares slipped 13.1% to $14.45 after an 18% decline on Thursday [3] - Aeluma Inc (NASDAQ:ALMU) shares fell 12.1% to $16.46 in pre-market trading [3] - Compass Diversified Holdings (NYSE:CODI) declined 11.7% to $6.60 in pre-market trading after an 8% gain on Thursday [3] - Integra Resources Corp (NYSE:ITRG) fell 11.3% to $2.89 in pre-market trading [3] - Forward Industries Inc (NASDAQ:FORD) fell 10.8% to $22.00 in pre-market trading [3] - Bruker Corp (NASDAQ:BRKR) declined 10.3% to $34.25 in pre-market trading [3] - Inter & Co Inc (NASDAQ:INTR) fell 10% to $8.04 in pre-market trading [3] - Hut 8 Corp (NASDAQ:HUT) fell 8.5% to $44.59 in pre-market trading after a 10% dip on Thursday [3] - Bitdeer Technologies Group (NASDAQ:BTDR) fell 8.2% to $23.75 in pre-market trading [3] - CleanSpark Inc (NASDAQ:CLSK) fell 7.5% to $18.49 in pre-market trading [3] - Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) fell 5.3% to $83.96 in pre-market trading [3]

Market Overview - U.S. stock futures are lower, with Dow futures dropping over 200 points on Friday [1] Company-Specific Movements - Bitfarms Ltd (NASDAQ:BITF) shares fell 9.5% to $4.78 in pre-market trading after announcing the pricing of upsized $500 million convertible senior notes [1] - American Battery Technology Co (NASDAQ:ABAT) shares tumbled 19.8% to $4.55 in pre-market trading, following a 37% decline on Thursday due to the termination of a Department of Energy grant [3] - HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares dipped 18.2% to $4.78 in pre-market trading after a 14% decline on Thursday [3] - Standard Lithium Ltd (NYSE:SLI) shares declined 17.3% to $4.45 in pre-market trading after pricing a $130 million underwritten public offering [3] - Almonty Industries Inc (NASDAQ:ALM) slipped 16.4% to $7.11 in pre-market trading after a 12% dip on Thursday [3] - Mesoblast Ltd (NASDAQ:MESO) declined 13.7% to $15.63 in pre-market trading [3] - Jumia Technologies AG – ADR (NYSE:JMIA) shares fell 13.2% to $10.31 in pre-market trading [3] - Terawulf Inc (NASDAQ:WULF) shares fell 13.1% to $12.05 after reporting the pricing of $3.2 billion of senior secured notes [3] - Diginex Ltd (NASDAQ:DGNX) shares slipped 13.1% to $14.45 after an 18% decline on Thursday [3] - Aeluma Inc (NASDAQ:ALMU) shares fell 12.1% to $16.46 in pre-market trading [3] - Compass Diversified Holdings (NYSE:CODI) declined 11.7% to $6.60 in pre-market trading after an 8% gain on Thursday [3] - Integra Resources Corp (NYSE:ITRG) fell 11.3% to $2.89 in pre-market trading [3] - Forward Industries Inc (NASDAQ:FORD) fell 10.8% to $22.00 in pre-market trading [3] - Bruker Corp (NASDAQ:BRKR) declined 10.3% to $34.25 in pre-market trading [3] - Inter & Co Inc (NASDAQ:INTR) fell 10% to $8.04 in pre-market trading [3] - Hut 8 Corp (NASDAQ:HUT) fell 8.5% to $44.59 after a 10% dip on Thursday [3] - Bitdeer Technologies Group (NASDAQ:BTDR) fell 8.2% to $23.75 in pre-market trading [3] - CleanSpark Inc (NASDAQ:CLSK) fell 7.5% to $18.49 in pre-market trading [3] - Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) fell 5.3% to $83.96 in pre-market trading [3]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Artiva Biotherapeutics, Inc. (ARTV) has increased by 124% to $6.22 [3] - Akanda Corp. (AKAN) is up 39% at $3.10 [3] - Kezar Life Sciences, Inc. (KZR) has risen 38% to $5.80 [3] - Carbon Revolution Public Limited Company (CREV) is also up 38% at $5.15 [3] - Safe & Green Holdings Corp. (SGBX) has increased by 28% to $3.96 [3] - Achieve Life Sciences, Inc. (ACHV) is up 23% at $3.80 [3] - Revolution Medicines, Inc. (RVMD) has risen 8% to $53.90 [3] - Erayak Power Solution Group Inc. (RAYA) is up 8% at $5.76 [3] - ProQR Therapeutics N.V. (PRQR) has increased by 7% to $3.00 [3] - Bio Green Med Solution, Inc. (BGMS) is up 6% at $4.04 [3] Premarket Losers - American Rebel Holdings, Inc. (AREB) has decreased by 41% to $2.09 [4] - Sadot Group Inc. (SDOT) is down 25% at $5.35 [4] - AVITA Medical, Inc. (RCEL) has fallen 24% to $4.04 [4] - Soluna Holdings, Inc. (SLNH) is down 23% at $3.22 [4] - American Battery Technology Company (ABAT) has decreased by 17% to $4.70 [4] - CID HoldCo, Inc. (DAIC) is down 17% at $2.16 [4] - Pinnacle Food Group Limited (PFAI) has fallen 12% to $3.12 [4] - OnKure Therapeutics, Inc. (OKUR) is down 12% at $2.52 [4] - Whitehawk Therapeutics, Inc. (WHWK) has decreased by 12% to $2.29 [4] - Aqua Metals, Inc. (AQMS) is down 7% at $14.50 [4]

Core Viewpoint - American Battery Technology Co. (ABAT) faced a significant setback as the U.S. Department of Energy (DOE) terminated its $115 million federal grant for a lithium hydroxide project in Nevada, leading to a 27% drop in stock price despite the company's optimism about the project's future [1][8]. Group 1: Grant Termination - The DOE's grant was part of the Manufacturing Energy Supply Chain program aimed at enhancing U.S. supply chain independence for electric vehicle (EV) batteries [2]. - The termination occurred after a review of federal clean-energy spending initiated by the Trump administration, with ABAT confirming the cancellation on October 9 and noting that approximately $52 million in reimbursable DOE funds remained unused at that time [3]. Group 2: Company Response - Following the grant's termination, the company formally appealed the decision and plans to seek resolution through DOE dispute channels, asserting its commitment to continue the project [4]. - ABAT has raised over $52 million from public markets this year and secured a letter of interest from the U.S. Export-Import Bank for up to $900 million in potential financing for its lithium extraction and refining operations in Nevada [5]. Group 3: Project Status - The Tonopah Lithium Flats Project retains its status as a "Transparency Priority Project" under the National Energy Dominance Council and is listed on the federal FAST-41 permitting dashboard, indicating its strategic national importance [6]. - A pre-feasibility study published by the company confirms the project's potential, emphasizing the need for domestic sourcing of critical minerals amid current restrictions [7].

Core Point - American Battery Technology is appealing the Department of Energy's decision to cancel the grant [1] Company Summary - American Battery Technology is actively seeking to overturn the Department of Energy's decision regarding the cancellation of a financial grant [1]

Core Insights - The Tonopah Flats Lithium Project (TFLP) has demonstrated strong economic potential with a 21.8% Internal Rate of Return (IRR) and a Net Present Value (NPV) of $2.57 billion at an 8% discount rate, reinforcing its strategic importance in the U.S. lithium supply chain [1][3][10] Project Overview - The TFLP is located near Tonopah, Nevada, and is designed to produce 30,000 tonnes per year of lithium hydroxide monohydrate (LHM) over a 45-year mine life [3][6] - The project utilizes innovative processing techniques that reduce production costs to $4,307 per tonne of LHM, a 9.2% decrease from previous assessments [3][11] Resource and Reserve Estimates - The project has seen a 53% increase in Measured and Indicated Resources, totaling 15.78 million tonnes, and an 11% increase in total lithium resources compared to the April 2024 Initial Assessment [5][12] - Proven and probable reserves have been established at 2.73 million tonnes of LHM, confirming the project's economic viability [5][15] Financial Metrics - The project has an after-tax NPV of $2.57 billion and a payback period of 7.5 years from the initial investment [3][11] - The average LHM price is projected at $23,000 per tonne, indicating a favorable market environment for the project's output [11] Permitting and Development - The TFLP has been selected for streamlined permitting under the FAST-41 initiative, expediting the approval process for construction and operation [3][4] - The company has completed all required NEPA Baseline Reports and submitted a comprehensive Mine Plan of Operations, which are currently under review [3][4] Future Steps - The company plans to proceed with a Definitive Feasibility Study (DFS) to further de-risk the project and refine engineering and cost estimates, with an estimated cost of $5.8 million to $6.8 million [17][20] - Key future activities include continued engagement with local utilities for power infrastructure and community engagement to ensure mutual benefits [20]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - rYojbaba Co., Ltd. (RYOJ) increased by 134% to $5.09 - Linkage Global Inc (LGCB) rose by 101% to $3.33 - MIRA Pharmaceuticals, Inc. (MIRA) gained 87% to $2.46 - Auddia Inc. (AUUD) went up by 23% to $2.54 - SOPHiA GENETICS SA (SOPH) increased by 16% to $4.99 - J.B. Hunt Transport Services, Inc. (JBHT) rose by 13% to $157.44 - AlphaVest Acquisition Corp (ATMV) increased by 11% to $13.09 - New Era Energy & Digital, Inc. (NUAI) went up by 10% to $3.71 - Critical Metals Corp. (CRML) rose by 9% to $24.80 - Blaize Holdings, Inc. (BZAI) increased by 9% to $6.90 [3] Premarket Losers - Fossil Group, Inc. (FOSL) decreased by 40% to $2.23 - Pinnacle Food Group Limited (PFAI) fell by 25% to $3.41 - American Battery Technology Company (ABAT) declined by 22% to $6.91 - Sadot Group Inc. (SDOT) dropped by 20% to $6.15 - TechCreate Group Ltd. (TCGL) decreased by 14% to $4.14 - PMGC Holdings Inc. (ELAB) fell by 13% to $6.43 - Arcadia Biosciences, Inc. (RKDA) decreased by 13% to $4.73 - ATIF Holdings Limited (ZBAI) dropped by 11% to $9.28 - Roma Green Finance Limited (ROMA) fell by 7% to $2.62 - Australian Oilseeds Holdings Limited (COOT) decreased by 6% to $2.46 [4]

Market Overview - U.S. stock futures were higher, with Dow futures gaining over 100 points on Thursday [1] Company-Specific Movements - Satellogic Inc. (NASDAQ:SATL) shares fell 13.1% to $3.60 in pre-market trading following a proposed public offering [1] - American Battery Technology Company (NASDAQ:ABAT) shares dipped 23.9% to $6.81 after the DOE terminated its grant [3] - Hyperfine, Inc. (NASDAQ:HYPR) shares decreased 14.1% to $1.89 after reporting preliminary third-quarter revenue results below estimates and announcing a proposed public offering [3] - Omeros Corporation (NASDAQ:OMER) shares declined 9.2% to $9.45 after a significant 154% jump on Wednesday due to Novo Nordisk acquiring its global rights to Zaltenibart [3] - Hewlett Packard Enterprise Company (NYSE:HPE) tumbled 8.6% to $22.85 despite reporting record revenue driven by AI demand, as restructuring costs compressed profit margins [3] - NIO Inc. (NYSE:NIO) fell 8.5% to $6.24 in pre-market trading [3] - Inventiva S.A. (NASDAQ:IVA) declined 7.5% to $5.06 after a 10% gain on Wednesday [3] - Bitfarms Ltd. (NASDAQ:BITF) fell 4.6% to $6.17 after announcing a $300 million convertible senior notes offering [3] - Rigetti Computing, Inc. (NASDAQ:RGTI) shares fell 4.8% to $53.66 amid concerns over leadership commitment after the CEO sold all shares following an options exercise [3] - Datavault AI Inc. (NASDAQ:DVLT) slipped 4.8% to $2.00 in pre-market trading [3]