American Battery Technology Company, (ABTC) (NASDAQ: ABAT) announced that MSCI has selected the company’s shares for inclusion in its Global Micro-Cap Index. ABTC is an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling.
MSCI will be reweighting the index Feb. 29. A wide range of Micro-Cap ETF’s follow this benchmark and may reweight their holdings over the coming weeks. With 1,162 constituents, the index represents approximately 1% of the free float-adjusted market capitalization in the United States.
The index has a 10-year annualized return of 5.16%.
“The uplisting of ABAT shares to the Nasdaq exchange on Sept. 21 was a needed step in a strategic move, demonstrating the company’s commitment to expanding its reach in the capital markets,” said ABTC CFO Jesse Deutsch. “Inclusion in this MSCI Index is a benefit of this initial move and the management team looks forward to continuing to educate investors through an active conference calendar over the coming weeks.”
Headquartered in Reno, NV, American Battery Technology Company 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. Read more.
