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ABAT) crashed as much as 40% late on Wednesday following surprise announcement that the Department of Energy (DOE) has rescinded a previously announced grant.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
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What made ABAT stock crash and is the dip worth buying?
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