Story
American Battery Technology Stock Rises on $100 Million Export License for Recycled Materials
Summary
Shares of the battery recycling firm climbed after it received U.S. government approval to export up to $100 million of its 'black mass' material, a key step amid new federal controls on critical minerals.
Shares of American Battery Technology Co. (NASDAQ:ABAT) surged 10% in premarket trading on Thursday after the company secured U.S. government approval to export up to $100 million in recycled battery materials. The license provides a significant new sales channel for the company's key recycled product.
Details of the Approval
The U.S. Department of Commerce's Bureau of Industry and Security granted the license, allowing ABAT to sell its recycled "black mass" internationally under specified terms. This approval is particularly noteworthy as it comes after the recent implementation of federal export controls on critical battery materials, positioning the company to navigate the new regulatory landscape.
Black mass is the substance recovered from shredded batteries and contains high-value metals, including lithium, nickel, cobalt, manganese, and graphite. These materials can be refined and reintroduced into the supply chain for manufacturing new battery products.
AdCompany Growth and Expansion
The export approval follows a period of rapid expansion for American Battery Technology. The company reported over 400% year-over-year revenue growth for its 2026 fiscal year. Its commercial-scale recycling facility near Reno, Nevada, which processes end-of-life batteries and manufacturing scrap, commenced operations in 2023.
"We are grateful for this license and continued support from the U.S. government for the sales of our domestic critical mineral products," said Ryan Melsert, CEO of American Battery Technology Company. Melsert added that the approval supports the company's scaling plans, which include a second recycling facility backed by $150 million in grants from the U.S. Department of Energy.
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