American Battery gains after export license approval
ABAT•American Battery Technology shares rose 18% premarket after the company received approval to export up to $100 million of recycled black mass material under specified terms.
1. Export approval
The U.S. Department of Commerce’s Bureau of Industry and Security approved a license for American Battery Technology to export up to $100 million of its recycled black mass material under specified terms. The approval followed the implementation of recently enacted federal export controls governing critical battery materials; shares were down 33.8% year to date as of the last close.
