Editor’s Note: The headline has been updated for accuracy.This news comes as the broader market shows positive momentum, with S&P 500 futures gaining 0.7%.The funding supports a $115 million project to build the first phase of a commercial-scale lithium refinery. It is as part of the Tonopah Flats Lithium Project. This will advance the company's critical minerals manufacturing and recycling initiatives.This decision reflects the company’s successful appeal and the acknowledgment of its progress in meeting technical and commercial milestones.What Is This Grant About?In October 2022, American Battery Technology was selected for a competitive five-year DOE grant supporting Phase 1 of its Tonopah Flats Lithium Project. It was aimed at producing 5,000 tonnes/year of battery-grade lithium hydroxide.The company completed the first two years of the program and, in June 2025, the project was also designated a FAST-41 Priority Project by the White House National Energy Dominance Council for expedited permitting.In October 2025, the DOE terminated the grant, but ABTC immediately appealed and entered an informal dispute resolution process involving detailed technical and commercial reviews.After a final review in December 2025, the DOE reversed its decision and reinstated the grant, allowing the project to proceed.ABAT Technical Outlook: Momentum And Key Chart LevelsCurrently priced at $3.97, American Battery Technology Company has seen a remarkable 12-month performance increase of 114.48%. The stock is trading 22.8% above its 20-day simple moving average (SMA) and 29.7% above its 50-day SMA, indicating strong upward momentum. The moving average convergence divergence (MACD) is above its signal line, suggesting that downside pressure is easing, which aligns with the recent price surge.Key Resistance: $4.00 — This level is significant as it is a round number and close to the 200-day SMA. Key Support: $3.86 — This level is critical as it aligns with the 200-day SMA, indicating potential buyer interest if the price retraces.What American Battery Technology Company DoesAmerican Battery Technology Company is an integrated critical battery minerals company that develops technologies for both primary battery minerals manufacturing and lithium-ion battery recycling. It operates battery recycling facilities that process materials from electric vehicle batteries, stationary battery energy storage systems, and consumer electronics.The reinstatement of the DOE grant is crucial for the company as it supports the construction of its Tonopah Flats Lithium Project, which aims to enhance domestic lithium production. This project positions the company as a key player in the critical minerals sector, especially as demand for sustainable energy solutions continues to grow.ABAT Earnings Date And Analyst Price TargetAmerican Battery Technology Company is slated to provide its next financial update on September 17, 2026 (estimated).