American Battery Technology Company (ABTC), a critical battery materials company based in the United States, is teaming up with TechMet-Mercuria, a responsible energy metals platform. The partnership is geared towards advancing the electric vehicle, energy storage, and renewable energy sectors by providing critical battery metals. This collaboration encompasses various aspects, including the manufacturing, sales, and marketing of recycled metal products produced by ABTC, as well as a non-dilutive investment of up to $20 million in ABTC through the pre-purchase of these recycled metal products.

ABTC is in the process of commissioning a lithium-ion battery recycling facility capable of handling 20,000 metric tonnes per year. This facility, located in the Tahoe-Reno Industrial Center, employs ABTC's proprietary processes to systematically "demanufacture" batteries into their constituent components. The unique ABTC process allows for the efficient separation of valuable materials, which are then sold as byproducts, and the production of a high-value intermediate black mass filter cake with contaminants removed. This approach distinguishes ABTC from many other battery recycling operations that mix materials together, reducing overall value.

Ryan Melsert, CEO of ABTC, expressed enthusiasm about the partnership with TechMet-Mercuria: "Through our strategic business cooperation with TechMet-Mercuria, we are able to leverage their team's expertise and capabilities to ensure we have access to the highest tiers of global customers."

As ABTC expands its recycling processes, it will begin processing the intermediate black mass internally to manufacture its own battery cathode grade materials for sale to domestic battery cathode refiners.

Quentin Lamarche, Co-Managing Director of TechMet-Mercuria, highlighted the global demand for recycled high purity black mass materials from lithium-ion batteries and emphasized the strategic partnership's role in marketing and selling these materials to metal refiners worldwide.

TechMet-Mercuria is a Swiss joint venture between TechMet Limited and Mercuria, focused on producing, processing, and recycling technology metals essential for electric vehicles and contributing to the energy transition.

 

Source: prnewswire.com

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