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ABAT's strong growth in stock price is supported by government grants and strategic projects, despite challenges.
What happened, with direct paths to the underlying reporting
ABAT stock rose over 100% in a month, from $1.35 to above $3. Tonopah Flats Lithium Project gained priority status for federal approvals. ABAT secured $58M from the DOE and $900M interest from Export-Import Bank. The company is heavily focused on domestic lithium mining and battery recycling. ABAT remains speculative with $1.9M revenue and $46M losses in the last year.
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