American Battery signs purchase agreement for its recycled black mass material

American Battery entered into a direct binding agreement for the purchase of its accumulated recycled black mass material by a domestic strategic customer from its lithium-ion battery recycling facility. American Battery began operations of its commercial lithium-ion battery recycling plant in October 2023. The first phase of the recycling process produces recycled products that include copper, aluminum, steel, a lithium intermediate, and a black mass intermediate material, and the integrated second phase further refines these materials into battery grade nickel sulfate, cobalt sulfate, manganese sulfate, and lithium hydroxide. The second phase of this integrated recycling system is currently being implemented.