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Investing.com -- American Battery Technology Company (NASDAQ:ABAT) stock rose 2.4% after the company announced it received a $1 million collaborative agreement from the U.S. Department of Energy’s Argonne National Laboratory ReCell Center to advance its lithium hydroxide manufacturing technology.
The Reno, Nevada-based company will partner with Argonne to test its electrochemical lithium processing system using the Advanced Photon (WA:PENP) Source particle accelerator and Aurora Exascale Supercomputer. The technology aims to produce lithium hydroxide while reducing chemical agent consumption and operational costs compared to conventional methods.
ABTC’s approach addresses a significant industry challenge, as current commercial lithium manufacturing requires large amounts of chemical agents and generates substantial chemical waste, making operations expensive. The company’s electrochemical route produces lithium hydroxide of equal or greater quality without the large-scale consumption of chemical agents typically required.
Under the partnership, Argonne’s particle accelerator will perform advanced imaging and characterization techniques to measure the performance of ABTC’s electrochemical conversion device over time, with the Aurora Exascale Supercomputer processing the resulting data.
"We are committed to developing the next generation of critical mineral manufacturing technologies and to bringing these technologies to commercialization in our domestic-US facilities," stated CEO Ryan Melsert.
ABTC plans to integrate these manufacturing technologies into its critical mineral recycling facilities and its claystone-to-lithium hydroxide refinery near Tonopah, Nevada. The company also maintains partnership agreements with other U.S. Department of Energy National Laboratories, including Idaho National Laboratory and National Renewable Energy Laboratory.
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