American Battery(ABAT) Shares Soar 33.91% on $900M Financing

American Battery(ABAT) shares surged 33.91% today, marking the second consecutive day of gains, with a total increase of 33.04% over the past two days. The stock price reached its highest level since February 2025, driven by significant financial developments.

American Battery Technology has recently received a Letter of Interest from the Export-Import Bank of the United States for $900 million in financing for the Tonopah Flats Lithium Project. This substantial financial backing is expected to accelerate the development of the project, which aims to produce high-quality lithium for the growing electric vehicle market.

In addition to the financing from the Export-Import Bank, the company has also secured a $144 million grant from the US Department of Energy. This grant will be used to construct a second battery recycling facility, further enhancing the company's capabilities in the recycling and repurposing of used batteries. This initiative aligns with the broader industry trend towards sustainability and circular economy practices.

The positive news sentiment surrounding these financial developments has contributed to a significant increase in the company's stock price. Investors are optimistic about the potential for American Battery Technology to become a key player in the lithium and battery recycling sectors, driven by the growing demand for electric vehicles and renewable energy storage solutions.