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American Battery Technology Company Commences New Drill Program to Accelerate Commercialization of Nevada Lithium Project to Support Call to Restore American Mineral Dominance

American Battery Technology Company Commences New Drill Program to Accelerate Commercialization of Nevada Lithium Project to Support Call to Restore American Mineral Dominance

Accelerated commercialization and scale-up of the Tonopah Flats Lithium Project aims to aid the onshoring an American lithium resource to reinforce supply chain stabilization, national security, and create jobs

Reno, Nev., Jan. 21, 2025 (GLOBE NEWSWIRE) —  American Battery Technology Company (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 commenced a new drill program aimed to accelerate the commercialization of its Tonopah Flats Lithium Project (TFLP).

In April 2024, American Battery Technology Company (ABTC) published its Amended Initial Assessment, which concluded that the TFLP is one of the largest known lithium resources in the United States, containing approximately 21.2 million tons of economically accessible lithium (LCE), and that commercial quantities of battery grade lithium hydroxide could be manufactured at a production cost of $4,302/ton.

The next step in accelerating the commercialization of this resource is the completion and publication of a prefeasibility study (PFS).  A critical operation of the PFS is performing this drill program to provide the geotechnical data to define the structural mine pit shape, to increase the resolution of the 3D resource model, and to add to the understanding of the high-grade continuity within the proposed pit.  

This drill program also includes core sample collections which will be assayed and characterized to further define the resource to the previously unexplored southwest section of the claim block and to work to increase the size of the overall lithium resource.

The company has selected and engaged Truth North Drilling of Tonopah, Nevada for the core sample collections. Additionally, Barr Engineering, a nationally recognized, top-tier mining engineering firm has been engaged to support the company in the design and development of its ‘mine plan of operation’ and the publication of its PFS for the TFLP.

ABTC has already successfully manufactured battery grade lithium hydroxide material from its TFLP claystone resource utilizing its internally developed integrated demonstration-scale facility.  ABTC has engaged one of the premier global construction firms, Black & Veatch, for the engineering, procurement, and construction of a 30,000 tonnes per year commercial-scale lithium hydroxide refinery to be constructed directly at the TFLP resource.

Throughout the world lithium products are generally manufactured from conventional feedstock resources, which include hard rock spodumene materials primarily from western Australia and lithium-rich brines primarily from South America, however, the U.S. does not have large quantities of these conventional resources. As a result, in order to significantly increase domestic-U.S. production of battery grade lithium products, ABTC has developed its own technologies to be able to access the lithium within unconventional lithium-rich claystone material that is found in central Nevada to manufacture these battery grade lithium materials in a low cost and low impact fashion.

Pre-Feasibility Study
A Preliminary Feasibility Study (or Pre-Feasibility Study) is a comprehensive study of a range of options for the technical and economic viability of a mineral project that has advanced to a stage where a qualified person has determined (in the case of underground mining) a preferred mining method, or (in the case of surface mining) a pit configuration, and in all cases has determined an effective method of mineral processing and an effective plan to sell the product. A Pre-Feasibility Study includes a financial analysis based on reasonable assumptions, based on appropriate testing, about the modifying factors and the evaluation of any other relevant factors that are sufficient for a qualified person to determine if all or part of the Indicated and Measured Mineral Resources may be converted to mineral reserves at the time of reporting. The financial analysis must have the level of detail necessary to demonstrate, at the time of reporting, that extraction is economically viable. A Pre-Feasibility Study is less comprehensive and results in a lower confidence level than a feasibility study. A Pre-Feasibility study is more comprehensive and results in a higher confidence level than an Initial Assessment.

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American Battery Technology Company Commences New Drill Program to Accelerate Commercialization of Nevada Lithium Project to Support Call to Restore American Mineral Dominance, source

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