By Chris Wack
American Battery Technology shares were 41% higher, at $9.54, after the company said it has completed all of its required baseline studies and submitted all subsequent baseline reports to the U.S. Bureau of Land Management as part of the National Environmental Policy Act review process.
The stock hit its 52-week high of $10.18 earlier in the session, and is up 825% in the past 12 months.
The company said the completion of the studies is a major milestone in the development of its Tonopah Flats Lithium Project, a mineral lithium project.
A needs assessment in March 2023 identified 21 studies that would be required for this project under 14 categories in order to complete the review process. American Battery said these studies spanned a wide range of critical areas, including biological, ecological, hydrological, geological, cultural, socio-economical, among others.
With all of these studies completed, reports have been submitted for review.
In addition to the submitted baseline studies, American Battery has submitted a comprehensive Mine Plan of Operations for the Tonopah Flats Lithium Project, which is currently under review by the BLM. The company is now preparing for the next phases of the development process.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
October 13, 2025 11:19 ET (15:19 GMT)
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