American Battery to sell legacy property in Fernley, Nevada for $6.75M

American Battery (ABAT) Technology announced the sale of one of its unused legacy properties located at 395 Logan Lane in Fernley, Nevada. This 12-acre property entered into contract to sell for $6.75M, with the transaction expected to close on or before July 10. This strategic sale will support the company’s mission to advance its lithium-ion battery recycling technologies and streamlined operations at its commercial-scale battery recycling facility in the Tahoe-Reno Industrial Center at 2500 Peru Drive, McCarran, Nevada. The prioritization of this operational facility at TRIC allows ABTC to continue its focused implementation on its recycling processes that are critical to developing a domestic supply of refined battery materials. The company continues to evaluate opportunities for its real property asset at 390 Logan Lane and the company’s water rights holdings located in Fernley, Nevada.