American Battery gains after export license approval
01/10/2026 12:18
BUZZ-American Battery gains after export license approval ** Shares of critical mineral company American Battery Technology ABAT.O up 18% at $2.6 premarket
** Co receives approval from US Department of Commerce's Bureau of Industry and Security (BIS) for the sale of up to $100 million of its recycled black mass material through a license to export under specified terms
** Black mass is the powder left after shredding used batteries, and it contains lithium, nickel, cobalt, manganese and graphite
** The approval follows the implementation of recently enacted federal export controls governing critical battery materials
** As of last close, ABAT down 33.8% YTD
(Dharna Bafna in Bengaluru)