American Battery stock falls after DOE terminates $57.7M grant
NegativeFinancial Markets

American Battery's stock has taken a hit following the Department of Energy's decision to terminate a $57.7 million grant. This development raises concerns about the company's financial stability and future projects, as such funding was crucial for their operations. Investors are likely worried about the implications of losing this support, which could hinder the company's growth and innovation in the competitive battery market.
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