Reported 15 days ago
American Battery Technology Co. has announced its intention to proceed with a $2 billion lithium mining and refining project in Nevada, despite the recent cancellation of a U.S. Department of Energy grant. Following the announcement, the company's stock plummeted over 35%, highlighting challenges in the clean energy sector amidst shifting government policies. CEO Ryan Melsert affirmed ongoing work towards the project’s completion by late 2027, having raised sufficient funds to cover costs previously expected from the grant.
Source: YAHOO