American Battery Technology Company (ABTC) have announced the appointment of accomplished financial leader Jesse Deutch to the position of Chief Financial Officer as it looks to expand manufacturing to commercial scale.
ABTC is an American start-up critical battery minerals company intending to commercialise both primary minerals manufacturing and secondary minerals lithium-ion battery recycling technologies.
Deutch joins with a 25-year wealth of financial experience from rapid growth operations, global brands, mergers and acquisitions transactions with Strategic Partners. He will oversee all financial operations, including financial growth strategies: he will be responsible for corporate functions including financial planning and analysis, accounting and controls, risk management, financial performance, revenue growth, investor relations, reporting and compliance.
The company has acquired a commercial lithium-ion battery recycling facility and a term sheet agreement for a $20M pre-payment purchase of some of that facility’s first recycled metal products. A $57M grant by the US Department of Energy will part-fund construction and commissioning of a lithium hydroxide refinery, to utilise ABTC’s potentially large Tonopah flats lithium resource. In this way the company hope to provide a closed-loop U.S. domestic product to supply to EV, grid storage and consumer electronics industries.
