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RENO - American Battery Technology Company (NASDAQ:ABAT), a $797 million market cap company whose stock has surged nearly 26% in the past week, has completed all required baseline studies and submitted reports to the U.S. Bureau of Land Management as part of the National Environmental Policy Act review process for its Tonopah Flats Lithium Project in Nevada, the company announced Monday. According to InvestingPro analysis, ABAT currently trades above its Fair Value, reflecting strong investor interest in its lithium development potential.
The submission marks a significant milestone in the development of what the company describes as one of the largest critical mineral lithium projects in the United States. The completed work includes 21 studies across 14 categories, spanning biological, ecological, hydrological, geological, cultural, and socio-economic assessments. While the company maintains a healthy liquidity position with a current ratio of 2.16, InvestingPro data reveals 15+ additional key metrics and insights available for deeper analysis of ABAT’s investment potential.
"I am extremely proud of the ABTC team and all of our consultants that helped to drive these 21 studies to completion over the past several years," said ABTC CEO Ryan Melsert in the press release statement.
The Tonopah Flats project was selected in June 2025 by the FAST-41 Permitting Council and the National Energy Dominance Council as a Transparency Priority Project, later upgraded to a Covered Priority Project, under President Trump’s March executive order on American mineral production.
ABTC has also submitted a comprehensive Mine Plan of Operations for the project, which is currently under review by the BLM. The company is preparing for the release of a Pre-Feasibility Study to provide further technical and economic analysis of the project.
The Tonopah Flats Lithium Project spans over 10,340 acres and reportedly contains 21.15 million tons of accessible lithium hydroxide monohydrate. ABTC uses a proprietary selective leach extraction process for lithium extraction.
In 2025, the project received a $900 million Letter of Interest from the Export-Import Bank of the United States for a low-interest loan to support expansion of the lithium mine and refinery.
In other recent news, American Battery Technology Company (ABTC) reported its fourth-quarter 2025 earnings, showcasing a notable increase in revenue. However, the earnings per share (EPS) fell short of expectations, with the company posting an EPS of -$0.11 compared to the anticipated $0.08. This resulted in a -237.5% surprise. Additionally, ABTC and Call2Recycle announced a strategic partnership to enhance lithium-ion battery recycling for consumers across the United States. This collaboration marks a shift in ABTC’s business model from primarily business-to-business operations to include a direct-to-consumer channel. The expanded approach aims to improve battery materials recovery. These developments reflect the company’s ongoing efforts to adapt and grow within the industry.
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