Core Viewpoint - American Battery Technology (ABAT.US) experienced a significant decline in stock price following the announcement that the U.S. Department of Energy (DoE) has terminated a grant intended for the construction of a commercial-scale lithium hydroxide production facility [1] Group 1: Financial Impact - The DoE was set to provide $57.7 million for the facility, with the company required to match this amount [1] - As of October 9, approximately $52 million in unreimbursed funds remained from the DoE [1] - Following the grant termination, the company's stock fell by 21% on Wednesday and an additional 17% in after-hours trading [1] Group 2: Company Response and Future Plans - American Battery Technology has appealed the decision regarding the grant termination [1] - The company has raised over $52 million from the public market this year and plans to continue advancing the project without changes to its timeline or scale [1] - In April, American Battery Technology received a letter of intent from the Export-Import Bank of the United States for $900 million in financing to support its lithium mine and refinery construction in Nevada [1]
美国能源部取消氢氧化锂项目拨款 American Battery Technology(ABAT.US)接连暴跌