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American Battery Technology Company (NASDAQ:ABAT), currently valued at $200 million and trading near $2.20 per share, announced the termination of a property sale agreement for its Lyon County, Nevada site. The stock has experienced a significant 31% decline over the past week, though according to InvestingPro analysis, it appears fairly valued at current levels. According to a statement released in a Securities and Exchange Commission filing, the company ended its Commercial/Investment Property Purchase Agreement and Joint Escrow Instructions with Steven Pokrajac and Corina Pokrajac and/or their assigns on July 28, 2025.
The agreement, which was originally entered on April 1, 2025, involved the sale of approximately 12 acres of property located at 395 Logan Lane, Fernley, Nevada, for a total purchase price of $6.75 million. The termination occurred before the close of the buyer’s due diligence period, and the company stated there were no material early termination penalties.
American Battery Technology Company indicated it continues to market the property for sale. The information is based on a press release statement included in the company’s SEC filing.
In other recent news, American Battery Technology Company has secured a $1 million agreement from the U.S. Department of Energy’s Argonne National Laboratory ReCell Center. This collaborative effort aims to advance the company’s lithium hydroxide manufacturing technology. The Reno-based company will work alongside Argonne to test its electrochemical lithium processing system. Utilizing the Advanced Photon (WA:PENP) Source particle accelerator and the Aurora Exascale Supercomputer, the technology seeks to produce lithium hydroxide more efficiently by reducing chemical agent consumption and operational costs compared to traditional methods. This grant underscores the competitive nature of the project, highlighting the innovative approach American Battery Technology Company is taking in the field of lithium processing. These developments reflect the company’s ongoing efforts to enhance its technological capabilities.
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