| Deal value | $100M |
|---|---|
| Share of market cap | 32.0% |
| Share of annual revenue | 459.9% |
Key highlights
- Approval granted by the U.S. Department of Commerce Bureau of Industry and Security
- License covers the sale of up to $100 million of exported recycled black mass
- Facilitates global sales of minerals including lithium, nickel, cobalt, and manganese
- Company reported over 400% year-over-year revenue growth for fiscal year 2026
- Supports expansion alongside a $150 million U.S. Department of Energy grant
What Approval Was Received?
American Battery Technology Company (ABAT) received authorization from the U.S. Department of Commerce Bureau of Industry and Security for a license to export recycled black mass material. This approval, valued at up to $100 million, allows the company to navigate recently enacted federal export controls that govern the international transfer of critical battery materials. The license operates under the Defense Priorities and Allocation System (DPAS) framework. This regulatory green light enables the company to legally distribute strategically recovered minerals, including lithium-rich intermediates and battery-grade metallic concentrates, from its domestic manufacturing base to international customers in the global supply chain.
Down 23.2% since our story on 1 Oct: $2.28 when we broke it → $1.75 at the close on 13 Oct. Daily closing prices. Source: Yahoo Finance.
Show the prices
| 14 Sep | $2.36 |
|---|---|
| 15 Sep | $2.24 |
| 16 Sep | $2.12 |
| 17 Sep | $2.24 |
| 18 Sep | $2.18 |
| 21 Sep | $2.33 |
| 22 Sep | $2.39 |
| 23 Sep | $2.31 |
| 24 Sep | $2.25 |
| 25 Sep | $2.26 |
| 28 Sep | $2.27 |
| 29 Sep | $2.19 |
| 30 Sep | $2.21 |
| 1 Oct | $2.28 |
| 2 Oct | $2.19 |
| 5 Oct | $2.17 |
| 6 Oct | $2.15 |
| 7 Oct | $2.09 |
| 8 Oct | $2.05 |
| 9 Oct | $1.97 |
| 12 Oct | $1.83 |
| 13 Oct | $1.75 |
Why This Approval Matters
- Unlocks a $100 million revenue stream through the sale of processed battery scrap and end-of-life cells
- Enables the company to meet global demand for lithium, nickel, cobalt, manganese, and graphite
- Provides a regulatory pathway to scale commercial operations at the Reno, Nevada recycling facility
- Validates the company's compliance with new federal export controls on critical minerals
Business Overview
Headquartered in Reno, Nevada, American Battery Technology Company operates as an integrated critical minerals manufacturer. The company employs proprietary technologies for both primary mineral production and secondary recycling of lithium-ion batteries. Its first commercial-scale facility began operations in 2023, converting manufacturing scrap and used batteries into high-value recycled materials. The company is also developing a second recycling facility, bolstered by $150 million in competitive grants from the U.S. Department of Energy. These initiatives aim to establish a closed-loop circular economy in North America, reducing dependence on foreign sources for materials essential to electric vehicles and stationary energy storage.
Industry Regulatory Landscape
- Federal agencies are tightening export controls on critical minerals to protect domestic supply chain resilience
- DPAS licenses are becoming essential for U.S. companies seeking to participate in the global battery material market
- The shift toward circular economies is driving legislative support for domestic recycling technologies
- Compliance with Bureau of Industry and Security standards creates a competitive moat for licensed domestic producers
Management commentary
“We are grateful for this license and continued support from the U.S. government for the sales of our domestic critical mineral products as we scale both our current critical mineral recycling facility and also our second recycling facility supported by $150 million in competitive grants from the U.S. Department of Energy.”
| Share price | $2.28 |
|---|---|
| Market cap | $312M |
| Revenue (annual) | $22M |
| 1-month price change | -15.44% |
| Sector | IndustrialsWaste Management |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
SEC filing by American Battery Technology Company announcing the receipt of an export license from the U.S. Department of Commerce.
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