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DOE backing and multi-hundred-million-dollar awards de-risk expansion, validate technology, and could unlock financing and partnerships, a common near-term price driver for small-cap material names with government support.
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ABTC hosted senior DOE and Nevada officials to review its battery recycling and Tonopah Flats claystone-to-lithium hydroxide demonstrations. The visit underscores DOE backing for ABTC’s dual strategy—recycling end-of-life batteries and developing domestic lithium resources—with awards of $150 million for a second recycling facility and $57 million for a co-located refinery. The milestones could accelerate US material supply expansion and investor visibility.
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