Connect with us

Technology

American Battery Technology Company Announces Commercial Transaction for Bulk Purchase of Recycled Black Mass Material by Domestic Strategic Customer

Published

on

American Battery Technology Company (ABTC) achieves major commercial milestone for its internally-developed, first-of-kind, commercial-scale battery recycling facility by entering into a binding purchase agreement for accumulated volume of its recycled black mass material to a domestic strategic customer

Ensuring recycled black mass feeds the North American circular battery metals supply chain, as opposed to being sold to the Asian refining market, ABTC strategically shifts to direct sale of its products, as opposed to working indirectly through marketing agents

Black mass material recycled from lithium-ion batteries contains metals such as lithium, nickel, and cobalt that can be used in the manufacturing of new lithium-ion batteries needed to power consumer electronics, stationary grid storage systems, and electric vehicles

RENO, Nev., July 10, 2024 /PRNewswire/ — American Battery Technology Company (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, achieved a major commercial milestone by entering into a direct binding agreement for the purchase of its accumulated recycled black mass material by a domestic strategic customer from its first-of-kind lithium-ion battery recycling facility.

American Battery Technology Company began operations of its commercial lithium-ion battery recycling plant in October 2023. The ABTC recycling facility utilizes its first-of-kind integrated set of recycling processes based on a strategic de-manufacturing approach that utilizes a deconstruction process combined with a targeted selective hydrometallurgical process. This system is agnostic to feedstock form factors and can process lithium-ion batteries and manufacturing scrap of a variety of sizes and shapes, and with a wide range of internal chemistries. The first phase of the recycling process produces recycled products that include copper, aluminum, steel, a lithium intermediate, and a black mass intermediate material, and the integrated second phase further refines these materials into battery grade nickel sulfate, cobalt sulfate, manganese sulfate, and lithium hydroxide. The second phase of this integrated recycling system is currently being implemented.

The company previously considered marketing its black mass intermediate material throughout the world, but the company’s strategic priority is to sell its recycled products domestically to ensure these products facilitate the establishment of a North American closed-loop circular battery metals supply chain.

“We are proud to have manufactured bulk quantities of high nickel and cobalt content recycled black mass material at our commercial-scale, lithium-ion battery recycling facility,” stated ABTC CEO Ryan Melsert. “In accordance with our corporate principles, we strongly prefer to sell our recycled materials into the North American battery supply chain in order to facilitate the establishment of closed-loop domestic operations, as opposed to exporting these critical minerals abroad. We also are proud to have established strong relationships with domestic customers, that allow us to sell these recycled products directly as opposed to indirectly through brokers.”

Bringing first-of-kind technologies to market, ABTC’s battery recycling and primary battery metals commercialization efforts support the buildout of a domestically-sourced battery metals circular supply chain.

About American Battery Technology Company 
American Battery Technology Company (ABTC), headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries. Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.

Forward-Looking Statements  
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are “forward-looking statements.” Although the American Battery Technology Company’s (the “Company”) management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, risks and uncertainties related to the Company’s ability to continue as a going concern; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended June 30, 2023. The Company assumes no obligation to update any of the information contained or referenced in this press release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/american-battery-technology-company-announces-commercial-transaction-for-bulk-purchase-of-recycled-black-mass-material-by-domestic-strategic-customer-302194097.html

SOURCE American Battery Technology Company

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Mercuryo Recognised with Great Place to Work® Certification, Highlighting Strength of Its Remote-First Fintech Culture

Published

on

By

Certification reflects overwhelmingly positive employee feedback and a consistently high-trust culture across Mercuryo’s international team 

LONDON, June 19, 2026 /PRNewswire/ — Global payments infrastructure platform Mercuryo has been certified as a Great Place to Work across five key European markets. The recognition is based entirely on confidential employee feedback gathered through an independent survey administered by Great Place to Work, the global authority on workplace culture.

Employees across all five certified country locations rated Mercuryo above the global Great Place to Work benchmark, with country-level scores of Spain (92%), Croatia (91%), Serbia (89%), the United Kingdom (88%), and Cyprus (86%), reflecting consistently positive employee experiences across the organisation.

The achievement is particularly significant given Mercuryo’s remote-first operating model. With employees based across more than 30 countries, the company has focused on building a connected, high-trust culture that enables teams to collaborate effectively across borders, time zones and disciplines while maintaining the flexibility and autonomy that define the modern workplace.

Yulia Bogomolova, Chief Human Resource Officer at Mercuryo, said, “Building a strong culture is an ongoing commitment. We work hard to ensure every employee feels empowered, supported, and connected to our mission, regardless of location. These results demonstrate the strength of that commitment and the exceptional people who make Mercuryo what it is.”

Ashna Vaghela, Chief Customer Officer at Mercuryo, said, “There is a strong culture of ownership and trust at Mercuryo. People are encouraged to contribute ideas, take initiative, and help shape the future of the company.” Another added: “Despite working across different countries and time zones, there is a genuine sense of teamwork and transparency that makes Mercuryo a rewarding place to work.”

Today, Mercuryo’s team of more than 300 professionals supports a network of over 200+ B2B partnerships and serves more than seven million users worldwide. The company leverages a range of modern tools and technologies across operations, analytics, marketing, and product development to help teams work more efficiently, accelerate innovation, and focus on high-impact initiatives, while maintaining strong human oversight and accountability throughout.

The certification marks an important milestone for Mercuryo as it continues to expand its global team and strengthen its position as a leading provider of payments infrastructure connecting traditional and digital finance. As Mercuryo continues its global expansion, the company is actively recruiting talent across a range of positions including: product, engineering, compliance, marketing, and business development functions.

About Mercuryo 

Mercuryo is a leading payment infrastructure platform in the digital token space. Standing out in the decentralized ecosystem by enhancing payment use case growth and on-chain integration, Mercuryo’s intuitive and robust solutions are powering the next generation of Web3 payment services. Mercuryo’s innovative payment products such as Spend bridge the gap between TradFi, Web2 and Web3. Mercuryo is the proud partner of leading pillars in the digital token economy such as Trust Wallet, Ledger and MetaMask, along with Revolut, Mastercard and Visa. Driven by an evolving product suite, Mercuryo is expanding further and continuing to innovate with a diversified stack of payment services. 

Learn more at: https://mercuryo.io/ 

View original content:https://www.prnewswire.com/news-releases/mercuryo-recognised-with-great-place-to-work-certification-highlighting-strength-of-its-remote-first-fintech-culture-302804528.html

SOURCE Mercuryo

Continue Reading

Technology

Trupeer AI Appoints Former UiPath APAC President & CEO Raghu Subramanian to Accelerate UK Enterprise Growth

Published

on

By

LONDON, June 19, 2026 /PRNewswire/ — Trupeer AI, the workflow knowledge layer for teams and AI agents, today announced the appointment of Raghu Subramanian as President and Chief Business Officer as the company accelerates its expansion in the United Kingdom, one of Europe’s most knowledge-intensive enterprise markets. Backed by RTP Global, Salesforce Ventures and trusted by more than 50,000 teams in over 100 countries, Trupeer is strengthening its leadership team to scale adoption across enterprises, financial and professional services firms, and technology-enabled business services companies.

The United Kingdom represents a strategic priority for Trupeer. London’s financial services and professional services sectors rank among the most compliance-documented, knowledge-intensive industries anywhere in the world, where process knowledge is a regulatory artifact, not a nice-to-have. UK enterprises are also among Europe’s largest buyers of global business services, operating capability centres across multiple countries, placing them squarely on the demand side of the cross-border knowledge distribution challenge Trupeer is built to solve. For organisations managing teams and processes across geographies, the ability to capture knowledge once and deploy it in 120+ languages is operational infrastructure, not a feature. The depth of this opportunity is already visible in Trupeer’s deployments: a FTSE 100 company used the platform to train thousands of employees across a multi-country IT transformation, saving over 9,000 hours in the process.

Raghu joins from a distinguished career at the forefront of enterprise automation. As a founding member of the management team at UiPath, he was part of the core executive team that helped build the company into a $35+ billion NYSE-listed enterprise. He established UiPath’s India operations in 2016 and later served as President & CEO for India and APAC. Bringing over 25 years of enterprise technology leadership, Raghu has built and scaled enterprise businesses across global markets, with deep expertise in automation, business process management, and enterprise AI adoption. Prior to joining UiPath, he served as CTO of EXL Service.

At Trupeer, he will lead the company’s next phase of commercial expansion, with a sharp focus on UK-headquartered enterprises and the demand side of European global capability centre networks. Trupeer’s platform transforms unstructured, multimodal workflows into SOPs, guides, training assets, studio-quality videos, and continuously updated, AI-ready context for employees and intelligent agents, delivering knowledge transfer in 120+ languages.

Shivali Goyal, CEO and Co-Founder, Trupeer AI, said, “Raghu has spent decades helping organisations adopt and scale transformative technologies and brings deep experience in building enterprises globally. Having seen first-hand the challenges enterprises face in organisational knowledge and agentic AI enablement, Raghu immediately resonated with our vision and the momentum Trupeer has built globally. His expertise will help us strengthen our commercial capabilities, deepen partnerships, and unlock the next phase of growth at Trupeer.”

Raghu Subramanian, President and Chief Business Officer, Trupeer AI, said, “Enterprises have long struggled to get real value from AI, and the reason is fragmented context. The knowledge that makes AI useful sits trapped in people’s heads and scattered across tools. In the agentic AI era, where agents are only as good as the context they run on, that gap becomes the difference between AI that works and doesn’t. This is the gap Trupeer was built to close. I look forward to partnering with enterprises and organisations across the globe to build the context layer that makes enterprise knowledge structured, accessible, and actionable, and AI genuinely useful.”

About Trupeer

Trupeer AI is the workflow knowledge layer for enterprises that enables teams and AI agents. The company helps organizations capture critical operational knowledge that is often trapped in the minds of subject matter experts and scattered across tools, transforming it into structured, accessible, and queryable knowledge. Its platform captures enterprise workflows and turns unstructured, multimodal input into SOPs, guides, studio-quality videos, training assets into 120+ languages and continuously updated, AI-ready context that intelligent agents can leverage, making institutional knowledge accessible, actionable, and queryable. Backed by RTP Global and Salesforce Ventures, Trupeer supports more than 50,000 teams in over 100 countries, including Fortune 100 enterprises, Global Capability Centers and technology-enabled business services companies.

Further details: https://www.trupeer.ai/

Photo – https://mma.prnewswire.com/media/2997239/Trupeer.jpg
Logo – https://mma.prnewswire.com/media/2997203/6007441/Trupeer_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/trupeer-ai-appoints-former-uipath-apac-president–ceo-raghu-subramanian-to-accelerate-uk-enterprise-growth-302804635.html

Continue Reading

Technology

Resilience Actions, a Re Sustainability Initiative, Launches ECOHUB.IN to Power India’s Climate and Circular Economy Innovation Ecosystem

Published

on

By

HYDERABAD, India, June 19, 2026 /PRNewswire/ — Resilience Actions, the social and environmental impact initiative of Re (Re Sustainability), has launched ECOHUB.IN, a sustainability-focused incubator designed to support early-stage enterprises working in climate and clean-tech, pollution management, resource efficiency, circular economy, and sustainability innovation.

The initiative is aimed at startups that have moved beyond the ideation stage and are ready for commercial scale, with a working Minimum Viable Product (MVP), a committed team, and a clearly defined market opportunity.

As India advances towards a low-carbon and circular economy, the demand for innovative sustainability solutions continues to grow. However, many promising ventures face challenges in scaling due to limited access to mentorship, catalytic capital, industry partnerships, pilot opportunities, and business validation. ECOHUB.IN has been established to bridge these gaps and help transform high-potential sustainability ventures into scalable businesses capable of delivering measurable environmental and social impact.

Through the incubator, participating startups will gain access to mentorship, technical and business advisory support, investment-readiness assistance, pilot-to-commercial pathways, ecosystem partnerships, and opportunities for industry integration. A key differentiator of ECOHUB.IN is its connection to Re’s extensive operational ecosystem, enabling selected ventures to engage with domain experts, validate solutions in real-world environments, and explore pathways for commercial deployment and scale.

Commenting on the launch, Masood Mallick, Managing Director and Group CEO, Re (Re Sustainability), said:

“India’s sustainability transition will not be driven by infrastructure alone. It will be driven by innovation, entrepreneurship, and the ability to scale ideas that solve real environmental challenges. Through ECOHUB.IN, we are creating a platform that brings together innovators, startups, industry leaders, investors, academia, and policymakers to accelerate solutions that are commercially viable, environmentally responsible, and capable of delivering measurable impact.

India has no shortage of ideas. What is often missing is the ecosystem that helps transform those ideas into scalable enterprises. ECOHUB.IN is designed to bridge that gap by providing mentorship, industry access, business validation, and pathways to commercial adoption. By combining the strengths of innovation with the experience and operational ecosystem of Re Sustainability, we hope to enable the next generation of climate and circular economy entrepreneurs to build solutions that contribute meaningfully to India’s sustainability journey and create lasting value for society, industry, and the planet.”

Over time, ECOHUB.IN aims to strengthen India’s sustainability innovation ecosystem by supporting ventures that reduce pollution, improve resource efficiency, advance circularity, create green jobs, enable decarbonization, and contribute to a more resilient future.

Applications for the inaugural cohort will open shortly through ECOHUB.IN.

About Resilience Actions

Resilience Actions is the social and environmental impact initiative of Re Sustainability, focused on building resilient communities through sustainability, innovation, capacity building, and ecosystem partnerships.

Learn more: resilience.org.in | ecohub.in 

About Re Sustainability

Re Sustainability (Re), a KKR company, is one of Asia’s leading providers of integrated environmental and sustainability solutions, delivering waste management, circular economy, water, remediation, and sustainability infrastructure solutions across India and international markets.

Learn more: resustainability.com

Photo: https://mma.prnewswire.com/media/2997233/ECOHUB.jpg
Logo: https://mma.prnewswire.com/media/2933433/6007508/Re_Sustainability_Logo.jpg
Logo: https://mma.prnewswire.com/media/2997367/Resilience_Actions_Logo.jpg
Logo: https://mma.prnewswire.com/media/2997368/Eco_Hub_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/resilience-actions-a-re-sustainability-initiative-launches-ecohubin-to-power-indias-climate-and-circular-economy-innovation-ecosystem-302805266.html

SOURCE Re Sustainability Limited

Continue Reading

Trending