U.S. Department of Energy Awards $107 Million in Funding to Two Lithium Companies in Nevada

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Last month, the U.S. Department of Energy (DOE) announced it will award $57,744,831 in funding to the American Battery Technology Company (ABTC) to help develop new lithium extraction techniques in Tonopah, as well as $50,000,000 to Lilac Solutions to develop a lithium manufacturing facility in Fernley, Nevada.

ABTC has secured over 10,000 acres of lithium-bearing sedimentary resources near Tonopah, NV. The funding will support ABTC with the design, construction, commissioning and operations of a new 5,000 MT (metric tonnes) LiOH/year commercial processing plant facility to manufacture battery-grade lithium hydroxide. The capacity of the facility will subsequently be expanded to 30,000 MT LiOH/year. This process uses less energy and water than traditional methods and will help expand the domestic-US lithium resource base. The project is expected to create 150 new jobs.

Fernely is planning to use the funding to construct a manufacturing facility in Fernley that will produce lithium extraction materials for use at lithium projects. This project is expected to create over 150 new local jobs and have over $200 million of local economic impact.

These funding will come from the Bipartisan Infrastructure Law. And Senator Cortez Masto’s Battery Material Processing and Component Manufacturing Act proposed to expand battery manufacturing and recycling projects in Nevada and across the country.

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