Press release
American Battery Technology Company Receives Letter of Interest from US EXIM Bank for $900 Million Financing for Tonopah Flats Lithium Project
Reno, Nev., April 29, 2025 (GLOBE NEWSWIRE) -- The EXIM funding, if realized, would support the construction of a domestic lithium mine and a 30,000 tonne
About this update from American Battery Technology Company
[{"type":"text","content":"Reno, Nev., April 29, 2025 (GLOBE NEWSWIRE) -- 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 siteAligned 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 mineralsThe 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. “We appreciate this support from EXIM and are proud of this further validation that our mission is closely aligned with the U.S. government’s dedication to serve the American people,\" stated American Battery Technology Company CEO Ryan Melsert. “This proposed financial support can greatly accelerate the commercialization of our domestic critical mineral mine and refinery, and we are excited to implement at scale these first-of-kind technologies that we have been demonstrating over the past several years.” ABTC’s critical mineral lithium mine and refinery project is strongly aligned with EXIM’s “Make More in America” initiative as well as its “China and Transformational Export Program,” both of which provide beneficial financing terms for U.S. companies facing competition from the People’s Republic of China to ensure the United States leads in certain critical export areas, including the domestic manufacturing of critical minerals. The issuance of this LOI is aligned with the Executive Order from March 20, 2025 titled “Immediate Measures to Increase American Minera...