American Battery Technology Co (NASDAQ: ABAT) crashed as much as 40% late on Wednesday following surprise announcement that the Department of Energy (DOE) has rescinded a previously announced grant. The government agency has revoked its $52 million grant to ABAT aimed at supporting its lithium hydroxide refinery project – raising serious questions about the company’s operational credibility and its overall path forward. ABAT shares have been in favour with retail investors this year. Despite the...
Friday 17 October 2025
wn.com - 2 days ago
What made ABAT stock crash and is the dip worth buying?
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