Critical Materials Bulletin

Critical Materials Bulletin

Ascend Elements Settles a Fraud Claim with the Department of Energy.

A $7.5 million settlement closes out one piece of the Apex 1 situation. Fixing the actual facility will cost a lot more.

Mith Besler's avatar
Mith Besler
Jun 20, 2026
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One of the things that caused the halt of construction of Ascend Elements’ Kentucky Lithium-ion recycling facility back in 2024 was a billing dispute. Ascend says it got overcharged.

As described in g…

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