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      A Look At Afterhour Swing In American Battery (ABAT) Stock

      By Fahim Awan

      Published on

      November 14, 2023

      8:32 AM UTC

      A Look At Afterhour Swing In American Battery (ABAT) Stock

      American Battery Technology Company (NASDAQ: ABAT) stock demonstrated a notable upswing of 4.68% during the extended trading session on Monday, reaching $4.25. This positive momentum followed a 2.17% dip in the regular session, concluding at $4.06. In spite of the lack of significant news, an analysis of recent developments is warranted to gain a better understanding of the stock’s performance.

      The American Battery Technology Company (ABTC) (NASDAQ: ABAT) has recently appointed Tony DiCenso as Director of Corporate Development and Strategy. Mr. DiCenso, leveraging his extensive 15-year experience in global commodities markets, particularly in the metals industry, will play a pivotal role in optimizing marketing and procurement strategies for the recycled lithium-ion battery products at ABTC’s newly operational commercial-scale facility.

      Tony DiCenso, previously associated with Apple, where he oversaw global battery metals and cathode procurement, brings a wealth of knowledge to his new role. His responsibilities at Apple included long-term strategy development in support of the company’s initiatives related to recycled battery materials.

      ABTC has also shared encouraging outcomes from its third exploration drill program at the Tonopah Flats Lithium Project in Big Smoky Valley, Nevada. The drill program, comprising 8 holes totaling approximately 6,700 feet, reached a core drilling depth of over 1,400 feet—a significant feat in lithium sampling. Third-party assay results indicate the project’s potential, supporting its progression from Measured to Indicated.

      Earlier this spring, the SK-1300 compliant Maiden Resource Report had already highlighted the Tonopah Flats Lithium Project as one of the largest known lithium resources in the United States. The recent step-out drilling in the exploration program has further enriched the dataset, both in terms of surface and depth, reinforcing the strategic significance of ABAT’s lithium resources. This resource may also be upgraded by infill drilling within its already identified resource area as recommended in its last resource report.

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