American Battery Technology gains on US Dept of Energy grant
27/09/2023 13:28
** Shares of battery recycling firm American Battery
Technology ABAT.O up 7.5% at $9.86 premarket
** Company says it has received a grant from the U.S.
Department of Energy for its $20 mln project to commercialize
new techniques for lithium-ion battery recycling processes
** DOE will provide $10 mln in direct funding for the
project, while company and its partners will provide the rest -
ABAT
** Contracted grant award has a project start date of Oct.
1, 2023
** Up to last close, stock up 50.4% YTD
(Reporting by Sourasis Bose in Bengaluru)
((Sourasis.bose@thomsonreuters.com))