American Battery Technology Receives $20 Million Tax Credit for Critical Minerals Battery Recycling
American Battery Technology (NASDAQ: ABAT) Secures $20 Million Award for Battery Recycling Facility Expansion
American Battery Technology announced on Wednesday that it has secured a substantial $20 million award through the Qualifying Advanced Energy Project Credits program . This funding has been granted by the U.S. Department of Treasury Internal Revenue Service after a rigorous evaluation conducted by the U.S. Department of Energy. The $20 million tax credit is earmarked for several purposes including reimbursing capital expenditures incurred to date and investing in equipment and infrastructure to enhance value add operations at ABTC.
$20M Tax Credit – American Battery Tech in US DOE Secure Tax! (PHOTO: Seeking Alpha)
American Battery Technology (NASDAQ: ABAT) Bolsters Leadership in Battery Recycling Industry with $20 Million Tax Credit
This significant financial boost positions American Battery Technology to further solidify its position as a leader in the battery recycling industry. By leveraging this funding to enhance its operations ABAT aims to contribute positively to the circular economy while meeting the increasing demand for critical minerals in battery production. This development marks a pivotal moment for ABAT as it continues to drive forward in its mission to revolutionize battery recycling and promote a cleaner greener future.
READ ALSO: 2020 Unclaimed Refunds IRS Reminds Taxpayers To Check – Don’t Miss Out!
