ABTC’s Tonopah Flats Lithium Project Secures $900mn EXIM Backing

American Battery Technology Company

Strategic Funding to Accelerate U.S. Lithium Refining Capacity

The Tonopah Flats Lithium Project may receive $900 million in federal support to bolster U.S. lithium supply chains. American Battery Technology Company (ABTC) announced that it received a Letter of Interest (LOI) from the U.S. Export-Import Bank (EXIM), supporting the development of a domestic lithium mine and refinery in Nevada. The proposed facility would produce 30,000 metric tonnes per year of battery-grade lithium hydroxide, a key material for EV and energy storage systems.

Federal Executive Order Boosts Critical Mineral Projects

The EXIM LOI aligns with the March 2025 Executive Order aimed at fast-tracking domestic mineral production. Under this order, agencies like EXIM are directed to prioritize permits, funding, and offtake support for projects vital to U.S. defense and energy security. The Tonopah Flats Lithium Project fits these criteria by offering a scalable, local source of lithium using advanced leaching processes for sedimentary claystone resources.

ABTC Advances with Proven Technology and Industrial Partnerships

ABTC has already proven its lithium extraction technology at pilot scale and is now scaling up with help from engineering partner Black & Veatch. Together, they are working on the commercial refinery’s design and construction, ensuring the Tonopah Flats Lithium Project meets both industrial and regulatory benchmarks for U.S.-based lithium supply.

The Metalnomist Commentary

This funding milestone places ABTC at the forefront of America’s lithium independence strategy. The Tonopah Flats Lithium Project exemplifies how federal coordination and innovative extraction technology can reduce reliance on foreign lithium sources.