ABAT Obtains U.S. License to Export Up to $100M of Recycled Black Mass

American Battery Technology Company (ABAT) announced it has received an export license from the U.S. Department of Commerce's Bureau of Industry and Security (BIS). The license authorizes the company to sell and export its recycled black mass material, a key product containing valuable critical minerals, following the implementation of new federal export controls.

Key Details

• License Value: The approval covers the sale and export of up to $100 million of recycled black mass material.
• Regulatory Body: The license was granted by the U.S. Department of Commerce, Bureau of Industry and Security (BIS).
• Business Impact: This approval supports the commercial scale-up of ABAT's domestic recycling facility in Reno, Nevada, and enhances its ability to capitalize on global demand for critical minerals like lithium, nickel, and cobalt.