American Battery Technology's Nevada Lithium Project Accepted by BLM

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American Battery Technology's shares rose 1.8% in Tuesday's trading after the U.S. Bureau of Land Management completed its review and accepted the company's mine and refinery plan of operations for the Tonopah Flats lithium project in Nevada. The project, spanning 10.7K acres of public land in Esmeralda and Nye counties, is designed to bolster domestic production of critical minerals for grid-scale battery storage, data centers, AI, electric vehicles, and consumer electronics. Tonopah Flats has received significant federal support, including a FAST-41 designation, a $58M grant from the U.S. Department of Energy for the initial 5K tons-per-year processing train, and a $900M letter of interest from the U.S. Export-Import Bank to expand capacity to 30K tons per year. The company's next step is the publication of a notice of intent to prepare an environmental impact statement, as it continues through federal, state, and local permitting.

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