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Reno Lithium Company Loses $57M DOE Grant for Nevada Project | Reno Lithium Company Loses $57M DOE Grant for Nevada Project | Reno Lithium Company Loses $57M DOE Grant for Nevada Project | Reno Lithium Company Loses $57M DOE Grant for Nevada Project

Business / Energy

Reno Lithium Company Loses $57M DOE Grant for Nevada Project

American Battery Technology Co. in Reno loses a $57 million grant from the Department of Energy (DOE) for its Nevada lithium project. Despite this setback, the company plans to continue the project using alternative funding.

This EV Battery Supplier Lost a $58 Million Grant. The Stock Sinks 27%.
Reno Lithium Company Loses $57M DOE Grant for Nevada Project Image via Barron's
TOPIC abat stock

Business / Energy

Reno Lithium Company Loses $57M DOE Grant for Nevada Project

American Battery Technology Co. (ABTC), based in Reno, Nevada, has lost a $57 million grant from the U.S. Department of Energy (DOE) for its lithium hydroxide manufacturing facility. Despite this setback, the company intends to proceed with...

This EV Battery Supplier Lost a $58 Million Grant. The Stock Sinks 27%.