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American Battery Technology Company Finalizes Purchase of Commercial-Scale Battery Recycling FacilityCommissioning of first-of-kind lithium-ion battery recycling technologies continues apace to help address supply chasm in sustainably-sourced battery metals imperative for transition to electrification RENO, Nev., Aug. 21, 2023 /PRNewswire/ -- American Battery Technology Company (ABTC) (OTCQX: ABML), an American critical battery materials company that is commercializing both its primary minerals manufacturing and secondary minerals lithium-ion battery recycling technologies, has finalized the purchase of its commercial-scale battery recycling facility located in the Tahoe-Reno Industrial Center (TRIC) at 2500 Peru Drive, McCarran, Nevada. In March, ABTC entered into agreements to acquire the existing facility and the installed industrial utility equipment in order to accelerate the first commercial scale implementation of its internally-developed first-of-kind lithium-ion battery recycling technologies. American Battery Technology Company finalizes purchase of commercial-scale lithium-ion battery recycling facility. "The acquisition of this move-in ready industrial recycling facility has greatly accelerated our progress towards the first implementation of our integrated commercial-scale, lithium-ion battery recycling operations," stated ABTC CEO Ryan Melsert. "Within this facility we will have operations to receive a wide-range of end-of-life and scrap battery materials and process these materials all the way to battery grade metal products that we will sell to our domestic partners in order to create one of the first closed loop battery material supply chains within North America." In April, ABTC entered into a short-term lease in order to commence the preparation of this 137,000 square foot facility for operatios in parallel with the closing of the purchase transaction. As the facility was previously utilized for the recycling of lead-acid batteries, it was already equipped with much of the infrastructure and utility equipment necessary to implement the ABTC processes, including the electrical distribution, HVAC, compressed air, nitrogen, water treatment, material handling, analytical quality control, and operational control rooms. The purchase transaction of this recycling facility has now closed, and with the use of the short-term lease over the past several months the ABTC team has already been installing its commercial-scale processing equipment and is preparing to begin integrated system commissioning. In tandem, the company has developed new facility-and technology-specific environmental, safety, and operational standards and procedures, and has been recruiting, hiring, and training new staff in preparation for operations. This facility will house ABTC's first-of-kind integrated battery recycling system which utilizes a strategic de-manufacturing and targeted chemical extraction train in order to recover battery materials with high yields, low cost, and with a low environmental footprint. These processes are fundamentally different than conventional methods of battery recycling, which utilize high temperature furnaces, such as smelting, or non-strategic shredding or grinding systems. The ABTC system results in battery metals separation, recovery and purification of high-value, battery-grade products with less environmental impact and greater potential cost efficiencies than conventional methods. As ABTC ramps up operations of its integrated recycling processes, the facility will be commissioned in phases. In the first phase battery materials will be recycled into products including copper, aluminum, steel, a lithium intermediate, and a black mass intermediate material. Once the second phase of this integrated recycling facility is operational, this lithium intermediate will be further refined into a battery grade lithium hydroxide product, and the black mass intermediate material will be further refined into battery grade nickel, cobalt, manganese, and lithium hydroxide products. About American Battery Technology Company Forward-Looking Statements View original content to download multimedia:https://www.prnewswire.com/news-releases/american-battery-technology-company-finalizes-purchase-of-commercial-scale-battery-recycling-facility-301905635.html SOURCE American Battery Technology Company |