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American Battery Technology Company (ABTC) is set to acquire significant assets from Lithion Technologies, which has declared insolvency in Quebec. ABTC, based in Nevada, operates a lithium-ion battery recycling facility in Reno and has received $144 million from the U.S.

Department of Energy for expansion. Lithion, supported by nearly $30 million from the Quebec government, has faced financial challenges and is under creditor protection. A proposal for Lithion's continued operations in Quebec has emerged, but it requires government support.