Core Insights - American Battery Technology Company (ABTC) has announced the sale of a 12-acre legacy property in Fernley, Nevada for $6.75 million, expected to close by July 10, 2025, to support its lithium-ion battery recycling technologies [1][2][3] Group 1: Company Strategy - The sale of the Fernley property will provide additional resources to advance the second phase of ABTC's recycling technologies, enhancing the development of a closed-loop battery material supply chain in North America [2][3] - ABTC's operational facility at the Tahoe-Reno Industrial Center (TRIC) is prioritized for the implementation of innovative recycling processes, which are essential for creating a domestic supply of refined battery materials [2][3] Group 2: Technological Advancements - The recycling facility utilizes a unique technology framework that integrates advanced de-manufacturing processes with selective hydrometallurgical methods, allowing for the processing of various lithium-ion batteries regardless of their size, shape, or chemistry [3] - The first operational phase of the facility produces materials such as copper, aluminum, steel, lithium intermediate, and black mass, while the second phase aims to produce battery-grade nickel sulfate, cobalt sulfate, manganese sulfate, and lithium hydroxide [3] Group 3: Future Opportunities - The company is also evaluating opportunities related to its real property asset at 390 Logan Lane and its water rights holdings in Fernley, Nevada [4]
American Battery Technology Company Announces Contract to Sell Legacy Property in Fernley, Nevada