Image courtesy of American Battery Technology Co.
American Battery Technology Co. (ABTC), Reno, Nevada, recently sold of one of its unused legacy properties located at 395 Logan Lane in Fernley, Nevada. The company, which specializes in the manufacturing and recycling of lithium-ion batteries (LIBs), says the 12-acre property entered into contract to sell for $6.75 million and expects the transaction to close on or before July 10.
ABTC says the sale will support its mission to advance its LIB recycling technologies and streamlined operations at its commercial-scale battery recycling facility in the Tahoe-Reno Industrial Center (TRIC), located in McCarran, Nevada. The company adds that the prioritization of its recycling facility allows it to continue its focused implementation on its recycling processes.
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“The acquisition of our industrial recycling facility at TRIC substantially accelerated the implementation of our first integrated, commercial-scale lithium-ion battery recycling operations,” ABTC CEO Ryan Melsert says. “The sale of one of our legacy Fernley assets will provide additional resources to continue to execute the second phase of our advanced recycling technologies, strengthening our ability to foster the development of one of North America’s first closed-loop battery material supply chains.”
The company says its recycling facility is built on a “first-of-its-kind technology framework” that combines advanced de-manufacturing processes with selective hydrometallurgical methods, adding that the feedstock-agnostic system allows for the processing of various LIBs regardless of size, shape or chemistry.
The facility’s first operational phase produces materials such as copper, aluminum, steel, lithium intermediate and black mass. Further refinement in the second phase enables the production of battery-grade nickel sulfate, cobalt sulfate, manganese sulfate and lithium hydroxide.
The company says it is continuing to evaluate opportunities for its real property asset at 390 Logan Lane and its water rights holdings in Fernley.
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