American Battery Tech Shock: $115 Million Project Grant Axed, Stock Plunges
1. ABAT's federal grant for lithium project was terminated by the DOE. 2. This termination resulted in a 27% drop in ABAT's stock price. 3. ABAT plans to appeal the DOE's decision and continue the project. 4. The company raised over $52 million for operations despite the setback. 5. Tonopah Lithium Flats Project maintains strategic importance and funding support.