American Battery Technology Company Announces Contract to Sell Legacy Property in Fernley, Nevada
American Battery Technology Company (NASDAQ: ABAT) has announced the sale of its 12-acre legacy property in Fernley, Nevada for $6.75 million, with closing expected by July 10, 2025. The proceeds will support the advancement of lithium-ion battery recycling technologies at its operational facility in the Tahoe-Reno Industrial Center (TRIC), McCarran, Nevada.
The TRIC facility employs a first-of-kind technology framework combining advanced de-manufacturing processes with selective hydrometallurgical methods. The facility's first phase produces copper, aluminum, steel, lithium intermediate, and black mass, while the second phase will enable production of battery-grade nickel sulfate, cobalt sulfate, manganese sulfate, and lithium hydroxide.
ABTC continues to evaluate opportunities for its remaining property at 390 Logan Lane and water rights holdings in Fernley.
American Battery Technology Company (NASDAQ: ABAT) ha annunciato la vendita della sua proprietà storica di 12 acri a Fernley, Nevada, per 6,75 milioni di dollari, con la chiusura prevista entro il 10 luglio 2025. I proventi supporteranno l'avanzamento delle tecnologie di riciclo delle batterie agli ioni di litio presso il suo impianto operativo nel Tahoe-Reno Industrial Center (TRIC), a McCarran, Nevada.
L'impianto TRIC impiega un framework tecnologico innovativo che combina processi avanzati di de-manufacturing con metodi idrometallurgici selettivi. La prima fase dell'impianto produce rame, alluminio, acciaio, intermedi di litio e massa nera, mentre la seconda fase permetterà la produzione di solfato di nichel di grado batteria, solfato di cobalto, solfato di manganese e idrossido di litio.
ABTC continua a valutare opportunità per la sua rimanente proprietà a 390 Logan Lane e per i diritti idrici detenuti a Fernley.
American Battery Technology Company (NASDAQ: ABAT) ha anunciado la venta de su propiedad histórica de 12 acres en Fernley, Nevada, por 6.75 millones de dólares, con el cierre previsto para el 10 de julio de 2025. Los ingresos apoyarán el avance de las tecnologías de reciclaje de baterías de iones de litio en su instalación operativa en el Tahoe-Reno Industrial Center (TRIC), en McCarran, Nevada.
La instalación TRIC emplea un marco tecnológico pionero que combina procesos avanzados de desmanufactura con métodos hidrometalúrgicos selectivos. La primera fase de la instalación produce cobre, aluminio, acero, intermedios de litio y masa negra, mientras que la segunda fase permitirá la producción de sulfato de níquel de grado de batería, sulfato de cobalto, sulfato de manganeso e hidróxido de litio.
ABTC continúa evaluando oportunidades para su propiedad restante en 390 Logan Lane y los derechos de agua en Fernley.
아메리칸 배터리 테크놀로지 컴퍼니 (NASDAQ: ABAT)는 네바다주 펀리의 12에이커 유산 부동산을 675만 달러에 판매한다고 발표했으며, 마감은 2025년 7월 10일로 예상됩니다. 수익금은 네바다주 맥캐런에 있는 타호-리노 산업 센터(TRIC)의 운영 시설에서 리튬 이온 배터리 재활용 기술의 발전을 지원합니다.
TRIC 시설은 고급 탈제조 공정과 선택적 수화학적 방법을 결합한 최초의 기술 프레임워크를 사용합니다. 시설의 첫 번째 단계에서는 구리, 알루미늄, 강철, 리튬 중간체 및 블랙 매스가 생산되며, 두 번째 단계에서는 배터리 등급의 황산니켈, 황산코발트, 황산망간 및 수산화리튬 생산이 가능해집니다.
ABTC는 390 로건 레인에 있는 남은 부동산과 펀리의 수자원 권리에 대한 기회를 계속 평가하고 있습니다.
American Battery Technology Company (NASDAQ: ABAT) a annoncé la vente de sa propriété historique de 12 acres à Fernley, Nevada, pour 6,75 millions de dollars, avec une clôture prévue d'ici le 10 juillet 2025. Les revenus soutiendront l'avancement des technologies de recyclage des batteries lithium-ion dans son installation opérationnelle au Tahoe-Reno Industrial Center (TRIC), à McCarran, Nevada.
Les installations TRIC utilisent un cadre technologique de pointe combinant des processus avancés de démantèlement avec des méthodes hydrométallurgiques sélectives. La première phase de l'installation produit du cuivre, de l'aluminium, de l'acier, des intermédiaires de lithium et de la masse noire, tandis que la deuxième phase permettra la production de sulfate de nickel de qualité batterie, de sulfate de cobalt, de sulfate de manganèse et d'hydroxyde de lithium.
ABTC continue d'évaluer les opportunités pour sa propriété restante au 390 Logan Lane et pour les droits d'eau à Fernley.
American Battery Technology Company (NASDAQ: ABAT) hat den Verkauf seiner 12 Hektar großen historischen Immobilie in Fernley, Nevada, für 6,75 Millionen Dollar angekündigt, mit einem Abschluss, der bis zum 10. Juli 2025 erwartet wird. Die Erlöse werden die Weiterentwicklung von Recyclingtechnologien für Lithium-Ionen-Batterien in seiner Betriebsstätte im Tahoe-Reno Industrial Center (TRIC) in McCarran, Nevada, unterstützen.
Die TRIC-Anlage verwendet ein neuartiges Technologie-Framework, das fortschrittliche Demontageprozesse mit selektiven hydrometallurgischen Methoden kombiniert. Die erste Phase der Anlage produziert Kupfer, Aluminium, Stahl, Lithium-Zwischenprodukte und schwarze Masse, während die zweite Phase die Produktion von batterietauglichem Nickelsulfat, Kobaltsulfat, Mangansulfat und Lithiumhydroxid ermöglichen wird.
ABTC bewertet weiterhin Möglichkeiten für sein verbleibendes Grundstück in der 390 Logan Lane und für Wasserrechte in Fernley.
- Sale of unused property generates $6.75 million in additional capital
- Operational recycling facility capable of processing multiple battery types
- Advanced technology enables production of various high-value battery materials
- Divestment of real estate assets may limit future expansion options in Fernley area
Insights
ABAT's sale of its unused Fernley property for
This move demonstrates prudent capital recycling by converting an unproductive asset into working capital precisely when needed for technology commercialization. The transaction provides ABAT dual benefits: immediate cash flow without diluting shareholders and resources to accelerate their advanced recycling technologies' second phase implementation.
For a company with ABAT's market capitalization, maximizing capital efficiency is crucial. The decision to consolidate operations at their TRIC facility while monetizing unnecessary real estate aligns with operational streamlining that should improve overall return on assets.
The timing of this transaction (closing by July 2025) creates a clear near-term funding catalyst without the company needing to access capital markets, which is particularly valuable given current interest rate environment. The company's mention of continuing to evaluate opportunities for another property and water rights holdings suggests additional potential for monetization of non-core assets.
Sale Will Support Commercialization of Additional Advanced Technologies at its Operational Commercial-Scale Battery Recycling Facility in McCarran, Nevada
Reno, Nev., April 04, 2025 (GLOBE NEWSWIRE) -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, has announced the sale of one of its unused legacy properties located at 395 Logan Lane in Fernley, Nevada. This 12-acre property entered into contract to sell for
This strategic sale will support the company’s mission to advance its lithium-ion battery recycling technologies and streamlined operations at its commercial-scale battery recycling facility in the Tahoe-Reno Industrial Center (TRIC) at 2500 Peru Drive, McCarran, Nevada. The prioritization of this operational facility at TRIC allows ABTC to continue its focused implementation on its innovative recycling processes that are critical to developing a domestic supply of refined battery materials.
“The acquisition of our industrial recycling facility at TRIC substantially accelerated the implementation of our first integrated, commercial-scale lithium-ion battery recycling operations,” said American Battery Technology Company CEO Ryan Melsert. “The sale of one of our legacy Fernley assets will provide additional resources to continue to execute the second phase of our advanced recycling technologies, strengthening our ability to foster the development of one of North America’s first closed-loop battery material supply chains.”
ABTC’s recycling facility is built on a first-of-its-kind technology framework that combines advanced de-manufacturing processes with selective hydrometallurgical methods. This feedstock-agnostic system allows for the processing of various lithium-ion batteries regardless of size, shape, or chemistry. The facility’s first operational phase produces materials such as copper, aluminum, steel, lithium intermediate, and black mass. Further refinement in the second phase enables the production of battery-grade nickel sulfate, cobalt sulfate, manganese sulfate, and lithium hydroxide.
The company continues to evaluate opportunities for its real property asset at 390 Logan Lane and the company’s water rights holdings located in Fernley, Nevada.
About American Battery Technology Company
American Battery Technology Company (ABTC), headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries. Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are “forward-looking statements.” Although the American Battery Technology Company’s (the “Company”) management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, risks and uncertainties related to the Company’s ability to continue as a going concern; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended June 30, 2024. The Company assumes no obligation to update any of the information contained or referenced in this press release.
Tiffiany Moehring American Battery Technology Company 720.254.1556 tmoehring@batterymetals.com
FAQ
How much is ABAT selling its Fernley property for and when will the deal close?
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