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

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Reno, Nev., Jan. 21, 2025 (GLOBE NEWSWIRE) -- American Battery Technology Company (NASDAQ: ABAT), an integrated captious artillery materials institution that is commercializing its technologies for some superior artillery minerals manufacturing and secondary minerals lithium-ion artillery recycling, has commenced a caller drill programme aimed to accelerate the commercialization of its Tonopah Flats Lithium Project (TFLP).

In April 2024, American Battery Technology Company () published its Amended Initial Assessment, which concluded that the TFLP is 1 of the largest known lithium resources successful the United States, containing astir 21.2 cardinal tons of economically accessible lithium (LCE), and that commercialized quantities of artillery people lithium hydroxide could beryllium manufactured astatine a accumulation outgo of $4,302/ton.

The adjacent measurement successful accelerating the commercialization of this assets is the completion and work of a prefeasibility survey (PFS). A captious cognition of the PFS is performing this drill programme to supply the geotechnical information to specify the structural excavation pit shape, to summation the solution of the 3D assets model, and to adhd to the knowing of the high-grade continuity wrong the projected pit.

This drill programme besides includes halfway illustration collections which volition beryllium assayed and characterized to further specify the assets to the antecedently unexplored southwest conception of the assertion artifact and to enactment to summation the size of the wide lithium resource.

The institution has selected and engaged Truth North Drilling of Tonopah, Nevada for the halfway illustration collections. Additionally, Barr Engineering, a nationally recognized, top-tier mining engineering steadfast has been engaged to enactment the institution successful the plan and improvement of its ˜mine program of operation' and the work of its PFS for the TFLP.

ABTC has already successfully manufactured artillery people lithium hydroxide worldly from its TFLP claystone assets utilizing its internally developed integrated demonstration-scale facility. ABTC has engaged 1 of the premier planetary operation firms, Black & Veatch, for the engineering, procurement, and operation of a 30,000 tonnes per twelvemonth commercial-scale lithium hydroxide refinery to beryllium constructed straight astatine the TFLP resource.

Throughout the satellite lithium products are mostly manufactured from accepted feedstock resources, which see hard stone spodumene materials chiefly from occidental Australia and lithium-rich brines chiefly from South America, however, the U.S. does not person ample quantities of these accepted resources. As a result, successful bid to importantly summation domestic-U.S. accumulation of artillery people lithium products, ABTC has developed its ain technologies to beryllium capable to entree the lithium wrong unconventional lithium-rich claystone worldly that is recovered successful cardinal Nevada to manufacture these artillery people lithium materials successful a debased outgo and debased interaction fashion.

Pre-Feasibility Study
A Preliminary Feasibility Study (or Pre-Feasibility Study) is simply a broad survey of a scope of options for the method and economical viability of a mineral task that has precocious to a signifier wherever a qualified idiosyncratic has determined (in the lawsuit of underground mining) a preferred mining method, oregon (in the lawsuit of aboveground mining) a pit configuration, and successful each cases has determined an effectual method of mineral processing and an effectual program to merchantability the product. A Pre-Feasibility Study includes a fiscal investigation based connected tenable assumptions, based connected due testing, astir the modifying factors and the valuation of immoderate different applicable factors that are capable for a qualified idiosyncratic to find if each oregon portion of the Indicated and Measured Mineral Resources whitethorn beryllium converted to mineral reserves astatine the clip of reporting. The fiscal investigation indispensable person the level of item indispensable to demonstrate, astatine the clip of reporting, that extraction is economically viable. A Pre-Feasibility Study is little broad and results successful a little assurance level than a feasibility study. A Pre-Feasibility survey is much broad and results successful a higher assurance level than an Initial Assessment.

About American Battery Technology Company
American Battery Technology Company (ABTC), headquartered successful Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled artillery metals critically needed to assistance conscionable the important request from the electrical vehicle, stationary storage, and user electronics industries. Committed to a circular proviso concatenation for artillery metals, ABTC works to continually innovate and maestro caller artillery metals technologies that powerfulness a planetary modulation to electrification and the aboriginal of sustainable energy.

Forward-Looking Statements
This property merchandise contains forward-looking statements wrong the meaning of the harmless harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, different than statements of humanities fact, are forward-looking statements. Although the American Battery Technology Company's (the Company) absorption believes that specified forward-looking statements are reasonable, it cannot warrant that specified expectations are, oregon volition be, correct. These forward-looking statements impact a fig of risks and uncertainties, which could origin the Company's aboriginal results to disagree materially from those anticipated. Potential risks and uncertainties include, among others, risks and uncertainties related to the Company's quality to proceed arsenic a going concern; interpretations oregon reinterpretations of geologic information, unfavorable exploration results, inability to get permits required for aboriginal exploration, improvement oregon production, wide economical conditions and conditions affecting the industries successful which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, last concern support and the quality to get indispensable financing connected acceptable presumption oregon astatine all. Additional accusation regarding the factors that whitethorn origin existent results to disagree materially from these forward-looking statements is disposable successful the Company's filings with the Securities and Exchange Commission, including the Annual Report connected Form 10-K for the twelvemonth ended June 30, 2024. The Company assumes nary work to update immoderate of the accusation contained oregon referenced successful this property release.