American Battery (ABAT) Technology released the S-K 1300 Technical Report and Pre-Feasibility Study for its Tonopah Flats Lithium Project located near Tonopah, Nevada. The study verifies the project's strong economic viability and potential strategic significance as a key component of the domestic critical mineral lithium supply chain. Highlights of the Tonopah Flats Lithium Project PFS: Facility Output: 30,000 tonnes/year of lithium hydroxide monohydrate, with project economics based on a 45-year mine life using only the southern part of the property; Financially Viable: After-tax NPV@8% of $2.57B, IRR 21.8%, and a 7.5-year payback period from the initial investment; Highly Competitive Production Cost: Reduction to $4,307/tonne LHM production cost, a 9.2% decrease from the April 2024 Initial Assessment; Improved Grade: The grade entering the refinery increased to approximately 2,100 ppm Li from roughly 800 ppm Li through beneficiation methods that remove low-lithium content components from the bulk claystone; Reduced Energy Costs: Integrated behind-the-meter on-site power generation combined with a battery energy storage system supplements grid electricity to synergistically optimize facility energy management, resulting in significantly lower effective electricity costs; Demonstrated Scalability: A multi-tonne per day integrated pilot facility was built and commissioned in 2024 to further refine operational parameters, reduce energy use, and increase recovery and local recycling of chemical agents; Substantial Increase in Resource+ and Reserve Classifications: A significant 53% increase in Measured and Indicated Resources, and a total increase in lithium resources of 11% compared to the April 2024 Initial Assessment; Establishment of 2.73 million tonnes of LHM proven and probable reserves, under applicable Securities and Exchange Commission rules, which is the portion of a mineral resource that has been confirmed as economically and legally mineable through a comprehensive and reliable report; Selected for Streamlined Permitting byTrumpAdministration: In June 2025, the ABTC TFLP was chosen by the FAST-41 Permitting Council and the National Energy Dominance Council as a Transparency Priority Project in line with President Trump's Executive Order dated March 20th, "Immediate Measures to Increase American Mineral Production," aimed at "identifying priority projects that can be quickly approved or for which permits can be swiftly issued, and taking all necessary or appropriate actions within the agency's authority to accelerate and issue the relevant permits or approvals." In August 2025, the TFLP was then elevated to a full Covered Project by the FAST-41 Permitting Council, leading to even more resources being allocated to streamline these federal permitting processes; Significant Completion of Permitting Efforts: ABTC has finalized and submitted all required NEPA Baseline Reports for the TFLP's permitting, along with a detailed Mine Plan of Operations, which are currently being reviewed by the BLM; Initial Approval for Low-Cost Financing for Facility Construction: In April 2025, ABTC received preliminary approval for low-cost debt financing of $900 million through a Letter of Interest from the US Export-Import Bank to support the construction of the TFLP facility.
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