American Battery Stock Jumps After DOE Reinstates Grant For $115M Lithium Project (CORRECTED)

American Battery Technology Company's stock surged 28% in premarket trading after the U.S. Department of Energy reinstated a $115 million grant for its Tonopah Flats Lithium Project. The company had successfully appealed the DOE's October 2025 termination decision, and after a December 2025 review, the grant was reinstated. The project aims to produce 5,000 tonnes per year of battery-grade lithium hydroxide and supports domestic critical minerals manufacturing.