American Battery Technology receives $57M contract award from US DOE for lithium hydroxide refinery in Nevada

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American Battery Technology receives $57M contract award from US DOE for lithium hydroxide refinery in Nevada
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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- American Battery Technology announced today it has received its $57 million contract award from the U.S. Department of Energy for a multi-year project to design, construct, and operate its first-of-kind commercial-scale lithium hydroxide manufacturing facility in Tonopah, Nevada.

According to a press release, based on a recent third-party audited SK-1300-compliant inferred resource report, the Tonopah Flats lithium project is one of the largest known lithium resources in the United States, containing approximately 15.8 million tons of economically accessible lithium on a carbonate equivalent basis.

“I’m proud to support the Nevada businesses and workers who are mining, processing, and recycling the critical minerals necessary to grow our clean energy economy,” said U.S. Senator Cortez Masto of Nevada. “This program I established will deliver funding to create new jobs in our state, bolster our lithium supply chain, and help drive our sustainable future.”

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