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Stock impact report

Battery Recycler That Jumped 1,000% Plunges After US Grant Loss [Yahoo! Finance]

American Battery Technology Company (ABAT) 
Company Research Source: Yahoo! Finance
American Battery Technology Co. fell as much as 41% in post-market trading on Wednesday after the company said in a filing that it was notified by the US Department of Energy that a previously awarded grant was terminated. Most Read from Bloomberg Affordable Housing Left Vulnerable After Trump Fires Building Inspectors HUD Issues Layoff Notices, Targeting Fair Housing Staff With Deep Cuts With Roles as Civic Hubs, Libraries Turn Over a New Page Los Angeles County Declares State of Emergency Over ICE Raids There's a Better Way to Win on Traffic Safety The grant awarded in 2023 would have helped finance design and construction of a plant that would manufacture battery cathode-grade lithium hydroxide, according to the filing. American Battery is the latest in a string of alternative-energy companies stung by President Donald Trump's rollback of Biden-era green policies and supports. The Energy Department notified American Battery of the cancellation on October 9, the Nev Show less Read more
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