American Battery Technology receives U.S. export license for up to $100 million in recycled black mass sales
American Battery Technology (ABAT) announced it has received an export license from the U.S. Department of Commerce, allowing the company to sell up to $100 million worth of its recycled black mass material. The approval is part of a Defense Priorities and Allocation System initiative that enables companies with critical materials to secure government-backed licenses for international sales. The news sent ABAT's stock surging 27.6% in pre-market trading, reflecting investor optimism about the company’s ability to scale its operations and access new markets through this licensing agreement. Recycled black mass is a key intermediate material used in battery production, making it highly relevant for companies involved in electric vehicle supply chains. This development positions ABAT as a more competitive player in the global market for sustainable battery materials.
Tickers: $ABAT
Topics: battery technology recycling U.S. Department of Commerce