American Battery Technology Soars After Completing NEPA Studies for Lithium Project
Investing.com – American Battery Technology Company (NASDAQ: ABAT) experienced a significant surge in its stock price, jumping 23% on Monday following the announcement that it has completed all foundational studies required under the National Environmental Policy Act (NEPA) for its Tonopah Flats Lithium Project in Nevada.
This milestone marks a critical step forward for what the company describes as one of the largest critical lithium mineral projects in the United States. ABAT has submitted all baseline study reports to the U.S. Bureau of Land Management (BLM), clearing an essential prerequisite to begin the formal NEPA review phase.
Comprehensive Environmental and Technical Study Program
Over the past two years, ABAT conducted 21 distinct studies across 14 categories, encompassing areas such as biology, ecology, hydrology, geology, cultural resources, and socio-economic factors. These comprehensive studies were identified during a Baseline Needs Assessment meeting held in March 2023 with participation from more than 40 regulatory agencies and stakeholders.
CEO Ryan Melsert expressed pride in the collaborative effort stating, “I am extremely proud of the ABTC team and all our consultants who helped complete these 21 studies over the last several years.”
Project Scale and Importance
The Tonopah Flats project covers an area exceeding 10,340 acres and is reported to contain an estimated 21.15 million tons of accessible lithium hydroxide monohydrate. Alongside the NEPA study submissions, American Battery Technology has also provided BLM with a comprehensive Mine Plan of Operations that is currently under review.
In June 2025, the project was designated as a “Covered Priority Project” under the March 2025 Executive Order issued by President Trump titled “Immediate Steps to Accelerate American Mineral Production,” which aims to expedite approvals for priority mineral projects.
Next Steps and Upcoming Reports
American Battery Technology is preparing to release a Pre-Feasibility Study featuring a detailed analysis of the project’s technical performance and economic viability. This study will further outline the feasibility and potential of the Tonopah Flats lithium resource.
With the successful completion of the NEPA baseline studies and ongoing progress toward operational and economic assessments, ABAT is advancing closer to developing what may become a key domestic source of critical lithium for the United States, supporting the growing demand for battery materials in electric vehicles and energy storage sectors.
Investors reacted positively to the news, with ABAT shares climbing sharply in Monday trading, reflecting heightened confidence in the project’s prospects and regulatory progress.
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This article was generated based on a summary with the assistance of artificial intelligence. For more detailed information, please refer to the original sources and company disclosures.
