Apr. 7 at 7:28 PM
$ABAT The value math:
ItemValue
Total plant construction cost (2024)CAD
$40M (~USD
$29M)
Total taxpayer exposure (grants + investment)CAD ~
$30M
TOTAL paid by ABTC + Voltrinov combinedCAD ~
$545K (USD
$400.5K)
ABTC's share (machinery + battery stock)~USD
$400K est.
The machinery specifically — the wet shredding system, extraction equipment, and metal grinding machinery — was custom-built and represents the most capital-intensive portion of that
$40M plant. Comparable commercial-scale battery shredding and extraction lines typically run
$5M–
$15M USD for the core processing equipment alone. ABTC effectively acquired what was likely
$8–15M worth of specialized industrial machinery for a fraction of a penny on the dollar as part of a ~
$400K total package.