Shares of American Battery Technology Co. (NASDAQ:ABAT) are surging Thursday morning after the critical minerals processor secured federal regulatory approval to export up to $100 million of recycled battery material under a specialized U.S. Department of Commerce license.
Here’s what investors need to know.
- American Battery Tech stock is surging to new heights today. Why are ABAT shares rallying?
Department of Commerce Export Approval
On Thursday, American Battery announced that it received approval from the Department of Commerce’s Bureau of Industry and Security for a Defense Priorities and Allocation System export license.
The license authorizes the sale and export of up to $100 million of recycled black mass material under specified terms following recently enacted federal export controls on critical battery materials.
Black mass contains high concentrations of essential critical minerals, including lithium, nickel, cobalt, manganese and graphite, recovered from end-of-life lithium-ion batteries and manufacturing scrap.
Executive Commentary and DOE Grant Support
The export license provides direct commercial access to international supply chains while the company continues scaling its domestic operational capacity.
“We are grateful for this license and continued support from the U.S. government for the sales of our domestic critical mineral products as we scale both our current critical mineral recycling facility and also our second recycling facility supported by $150 million in competitive grants from the U.S. Department of Energy,” said Ryan Melsert, Chief Executive Officer of American Battery Technology Company.
“As demonstrated by the progress reflected in our fiscal year 2026 financial results, we continue to successfully execute on the commercialization of our technologies and expand our role within the critical minerals value chain,” Melsert added.
ABAT Stock Surges Thursday Morning
ABAT Price Action: American Battery Tech shares were up 17.19% at $2.59 during premarket trading on Thursday, according to Benzinga Pro data.
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