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RENO, Nev. - American Battery Technology Company (NASDAQ:ABAT) has been contracted by the U.S. Environmental Protection Agency to recycle end-of-life lithium-ion batteries from what is being described as the largest lithium-ion battery cleanup operation in EPA history. The company's stock, currently trading at $3.98, has delivered an impressive 301.94% return over the past year despite recent volatility, according to InvestingPro data.
The project involves processing approximately 100,000 lithium-ion battery modules from a grid-scale battery energy storage system facility in Northern California that experienced a fire in January 2025. ABAT has been receiving large-scale shipments of this material for several weeks.
In spring 2025, ABAT underwent an audit process and received formal EPA approval for its Nevada facility to receive battery materials classified as waste under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). The company is now one of the few battery recyclers in the Western U.S. approved to handle damaged batteries classified as CERCLA waste.
"This unprecedented cleanup effort highlights the critical importance of building and deploying advanced domestic critical mineral recycling infrastructure," said Ryan Melsert, CEO of ABAT.
The company estimates that if it processes all the battery materials from the site, the value of recycled products could reach approximately $30 million at current market prices. The recovered materials include lithium, cobalt, nickel, aluminum, steel, and copper.
The EPA is overseeing the logistics of battery characterization, transportation, and delivery to ABAT's Nevada facility. The operation demonstrates the growing need for specialized battery recycling capabilities as electric vehicles, grid storage systems, and consumer electronics continue to proliferate.
According to the press release statement, ABAT made significant enhancements to its Nevada facility to safely process these damaged battery materials in accordance with procedures overseen by the EPA.
In other recent news, American Bitcoin Corp. has significantly increased its Bitcoin holdings by acquiring approximately 1,414 Bitcoin, bringing its total to 3,865 Bitcoin as of October 24, 2025. This acquisition is part of the company's strategy to bolster its Bitcoin infrastructure, with some coins held in custody or pledged for miner purchases under an agreement with BITMAIN. Meanwhile, American Battery Technology Company faced a setback as the U.S. Department of Energy terminated a $57.7 million grant for its lithium hydroxide manufacturing facility, following an audit. Despite this, the company achieved a milestone by completing all required National Environmental Policy Act (NEPA) baseline studies for its Tonopah Flats Lithium Project in Nevada. The submission of these studies to the U.S. Bureau of Land Management is a crucial step in advancing one of the largest critical mineral lithium projects in the United States. Additionally, American Battery Technology has partnered with Call2Recycle to enhance lithium-ion battery recycling for consumers, expanding its operations from business-to-business to include a direct-to-consumer channel. These developments highlight the dynamic activities within the companies as they navigate both challenges and opportunities.
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