American Battery Technology secures U.S. export license for up to $100 million of recycled black‑mass minerals
American Battery Technology Company obtained a Department of Commerce export licence that permits the sale of recycled black‑mass material worth as much as $100 million. The licence, issued by the Bureau of Industry and Security, supports the company’s Nevada recycling plant and its planned second facility. CEO Ryan Melsert said the approval, together with $150 million in DOE grants, will help the firm scale its domestic critical‑mineral supply chain. The company reported more than 400 % year‑over‑year revenue growth for fiscal 2026.
Why it matters
The licence enables ABAT to export its recycled critical minerals, potentially increasing sales and cash flow, which the company says will strengthen its market position. Analysts note that the approval contributed to a 27.6 % pre‑market jump in the stock.
Key facts
- 1The U.S. Department of Commerce granted a licence to export up to $100 million of recycled black‑mass material. globenewswire.com
- 2The licence was issued by the Bureau of Industry and Security. globenewswire.com
- 3ABAT operates a commercial‑scale recycling facility near Reno, Nevada that began operations in 2023. globenewswire.com
- 4The company is developing a second recycling facility funded by $150 million in competitive DOE grants. globenewswire.com
- 5Fiscal‑year 2026 revenue grew over 400 % year‑over‑year. investing.com
- 6The stock rose 27.6 % in pre‑market trading after the announcement. seekingalpha.com
Summary written by AlphAI from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.