American Battery Technology Company Wins Appeal and Has US Department of Energy Grant Reinstated for $115 million Project for Commercial Scale Critical Mineral Lithium Refinery

Reno, Nev., June 08, 2026 (GLOBE NEWSWIRE) --

• Reinstatement advances the company’s Tonopah Flats Lithium Project – one of the largest identified critical mineral lithium resources in the United States – strengthening domestic battery metals supply chains and national energy security   
• Advances ABTC’s leadership in domestic battery materials while scaling a secure, U.S.-based critical minerals supply chain

American Battery Technology Company (NASDAQ: ABAT), an integrated critical mineral manufacturing company that is commercializing its internally-developed technologies for both primary critical minerals manufacturing and secondary critical mineral recycling, announced it has won its appeal with the U.S. Department of Energy (DOE) for the reinstatement of its competitive grant award to support the $115 million project for the construction of the first phase of its commercial scale critical mineral lithium refinery as part of its Tonopah Flats Lithium Project (TFLP).

The grant has been reinstated in its entirety, with no change to funds awarded, to technical and commercial milestones, and with an updated contracted project schedule to adjust for the time spent within the review process.

“We are proud of our long-standing partnership with the U.S. Department of Energy, and are grateful that after rigorous due diligence it has concluded that this critical mineral lithium refinery project has achieved all of its contracted technical and commercial milestones to date, and that continued federal support of this project is warranted,” stated American Battery Technology Company CEO Ryan Melsert.  “Of the hundreds of DOE grants terminated last Fall very few have been able to successfully appeal the decisions and have their contracts reinstated, and I am very proud of our team for relentlessly demonstrating the performance of these internally-developed critical mineral technologies and how crucial it is to implement and scale these commercial facilities to support the national security of the United States and enable its energy dominance.”

In October of 2022, American Battery Technology Company (ABTC) was initially selected for this highly competitive, five-year DOE grant to support the construction of the first phase of its TFLP commercial scale refinery with an initial capacity of 5,000 tonnes of battery-grade lithium hydroxide per year.  ABTC successfully completed the first two years of the contracted grant, and additionally, in June 2025, the TFLP was selected by the White House’s National Energy Dominance Council (NEDC) and the FAST-41 Permitting Council as a critical mineral Priority Project for streamlined and fast-tracked federal permitting.  On October 9, 2025, however, ABTC was notified that this grant, along with hundreds of other DOE grants, was being terminated.  

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