Financial Results - American Battery Technology Company reported financial results for the fiscal quarter ended March 31, 2025, during an earnings call on May 15, 2025[4]. - The company posted an investor presentation and a press release detailing its financial performance, which are available on its website[4]. - The earnings call highlighted key metrics and performance indicators, although specific financial figures were not disclosed in the provided content[4]. - The financial results and investor presentation are intended to provide insights into the company's operational performance and future outlook[4]. - The report does not include specific user data or future guidance in the provided content[4]. Company Classification and Compliance - The company is classified as an emerging growth company under the Securities Act of 1933[3]. - The company has not indicated any changes in its accounting standards compliance period[3]. Communication and Listing - The press release issued on May 16, 2025, is part of the company's ongoing communication strategy with investors[4]. - The company is listed on The Nasdaq Stock Market under the trading symbol ABAT[2]. Product and Market Information - There are no mentions of new products, technologies, market expansions, or mergers in the available information[4].

Core Viewpoint - American Battery Technology Company (ABTC) has reported a significant increase in quarterly revenue, tripling its revenue in the third fiscal quarter of 2025, driven by advancements in battery recycling and lithium manufacturing technologies [1]. Battery Recycling Highlights - ABTC has implemented multi-shift, 24/7 operations at its battery recycling facility, more than doubling the mass of battery material recycled compared to the previous quarter [6]. - Total revenues from the sale of recycled battery materials reached $1.0 million, approximately tripling from the previous quarter [6]. Primary Lithium Manufacturing Highlights - ABTC has developed technologies for manufacturing lithium hydroxide from Nevada-based claystone and has constructed a pilot facility that successfully produced large quantities of lithium hydroxide during the reported quarter [6]. - The company is negotiating long-term commercial offtake agreements for the lithium hydroxide product, with a designed commercial scale lithium refinery planned to produce 30,000 tonnes per year [6]. Financial Highlights - Cash cost of goods sold for the quarter was $2.3 million, a slight increase from $2.1 million in the previous quarter, indicating a significant improvement in gross cash margin with revenue increasing by approximately 200% [6]. - Company reimbursements from government grants increased to $2.0 million, compared to $1.3 million during the same period of the prior year [7]. - As of March 31, 2025, the company had total cash on hand of $7.8 million, with $2.8 million available and $5 million restricted for compliance [7].

Revenue and Losses - Revenue for the three months ended March 31, 2025, was $979,977, compared to $0 for the same period in 2024, indicating a significant increase[12] - Net loss for the three months ended March 31, 2025, was $(11,495,947), compared to $(9,995,136) for the same period in 2024, representing an increase in losses[12] - For the nine months ended March 31, 2025, the company reported a net loss of $36.6 million, compared to a net loss of $29.1 million for the same period in 2024, indicating a 26% increase in losses year-over-year[21] - The company reported a net loss per share of $(0.14) for the three months ended March 31, 2025, compared to $(0.19) for the same period in 2024[12] Expenses and Financial Performance - Gross loss for the three months ended March 31, 2025, was $(2,689,960), while the gross loss for the nine months ended March 31, 2025, was $(8,003,944)[12] - Total operating expenses for the nine months ended March 31, 2025, were $26,245,059, compared to $25,433,780 for the same period in 2024, reflecting a slight increase[12] - The company incurred stock-based compensation expenses of $12.8 million for the nine months ended March 31, 2025, compared to $12.3 million in the same period of 2024[21] - Stock-based compensation expense for the period reached $6,330,914, contributing to the overall financial performance[15] Assets and Liabilities - Cash and cash equivalents as of March 31, 2025, were $2,849,257, down from $7,001,786 as of June 30, 2024[9] - Total current assets increased to $23,285,228 as of March 31, 2025, compared to $18,406,048 as of June 30, 2024[9] - Total liabilities decreased to $10,851,323 as of March 31, 2025, from $16,207,492 as of June 30, 2024[9] - Stockholders' equity increased to $65,605,927 as of March 31, 2025, compared to $61,467,640 as of June 30, 2024[9] Inventory and Production - As of March 31, 2025, the total inventory was $252,945,000, an increase from $154,320,000 as of June 30, 2024, representing a growth of 63.9%[49] - The cost of goods sold for the three months ended March 31, 2025, was $3.7 million, significantly exceeding the related revenue, attributed to the depreciation of fixed assets and production process finalization[36] - The Company expects the high cost of goods sold to continue rising but to decrease as a percentage of revenue as production scales and efficiencies are gained[36] Financing and Capital Structure - The company issued 8,773,586 common shares and warrants pursuant to registered direct offerings, raising $13,911,000[16] - The company completed an At-The-Market offering, resulting in the issuance of 5,938,786 shares, raising $6,327,168[15] - The Company’s shareholders approved an increase in authorized shares from 80 million to 250 million, allowing for the reclassification of derivative liabilities totaling $2.1 million to additional paid-in capital[62] - The Company has authorized a total of 250,000,000 shares of common stock as of March 31, 2025, following an amendment to increase the number of authorized shares[93] Grants and Tax Credits - The Company was awarded a tax credit of up to $40.5 million through the 48C program for a new battery recycling facility in the U.S.[56] - The Company received a grant award of $144 million from the U.S. DOE for the construction of a lithium-ion battery recycling facility, with cumulative funds invoiced totaling $0.2 million as of March 31, 2025, representing 0.2% of total eligible reimbursements[57] - The Company recognized $4.3 million of invoiced government funds as an offset to research and development costs during the nine months ended March 31, 2025[50] Operational Challenges and Future Outlook - The company has a significant reliance on obtaining debt or equity financing to continue operations, with substantial doubt regarding its ability to continue as a going concern for the next 12 months[25] - The company is focused on increasing domestic production of critical battery materials and developing new technologies for extraction and recycling of lithium-ion batteries[22] - The continuation of the company as a going concern is dependent on generating profit from operations and obtaining financing, with substantial doubt existing regarding its ability to continue for the next 12 months[25] Shareholder and Stock Activity - The weighted average shares outstanding increased to 85,090,957 for the three months ended March 31, 2025, from 51,993,863 for the same period in 2024[12] - The total unvested share awards as of March 31, 2025, were 7,816,136, with a weighted average grant date fair value of $2.18 per unit[110] - The Company issued 14,360,308 total warrants during the nine months ended March 31, 2025, including 3,548,426 warrants from a private placement[106] Depreciation and Impairment - The Company recognized a depreciation expense of $3.8 million for the nine months ended March 31, 2025, significantly higher than $121,075 in the previous year[21] - The Company recognized a depreciation expense of $1.2 million for the three months ended March 31, 2025, compared to $39,665 for the same period in 2024[65] - An impairment charge of $10.3 million was recorded on assets held-for-sale for the fiscal year ended June 30, 2024[67]

Core Points - American Battery Technology Company (ABTC) has received a Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM) for $900 million in financing to support the construction of a commercial-scale lithium mine and a lithium hydroxide refinery in Nevada [1][13][14] - The project aligns with EXIM's initiatives to promote domestic manufacturing of critical minerals and reduce reliance on foreign supply chains, particularly from China [2][14] - ABTC's lithium mine and refinery project is part of a broader U.S. government effort to increase domestic mineral production, as outlined in an Executive Order from March 2025 [3] Company Overview - ABTC is focused on commercializing technologies for primary battery minerals manufacturing and lithium-ion battery recycling [1][8] - The company has developed low-cost and low-impact technologies to extract lithium from unconventional claystone resources found in central Nevada [5][6] - ABTC has partnered with Black & Veatch for the design and construction of a 30,000 tonne per year lithium hydroxide refinery, which is based on one of the largest known lithium resources in the U.S. [4][13] Industry Context - The U.S. currently lacks large quantities of conventional lithium feedstock, which necessitates the development of alternative sources like the claystone in Nevada [5] - The demand for domestically produced lithium is critical for supporting the electric vehicle, stationary storage, and consumer electronics industries [8][6] - The EXIM Bank plays a vital role in supporting U.S. businesses by providing financing options to enhance competitiveness in global markets [9]

Core Insights - American Battery Technology Company (ABTC) has been awarded "Recycling Technology Solution of the Year" by CleanTech Breakthrough, recognizing its advancements in battery recycling technology and contributions to a circular supply chain for critical battery materials [1][2]. Company Achievements - ABTC's innovative "de-manufacturing" recycling process utilizes selective hydrometallurgical processing, allowing for high recovery rates of critical materials such as lithium, nickel, cobalt, manganese, copper, and aluminum [3][5]. - The company has transitioned from a commissioning phase to 24/7 operations, achieving significant milestones including sourcing large-scale batteries from automotive OEMs and producing low-impurity intermediate black mass material [4][6]. Technological Innovations - The strategic de-manufacturing recycling process is feedstock-agnostic, capable of processing various lithium-ion battery sizes and chemistries, producing recycled materials like copper, aluminum, steel, lithium intermediate, and black mass [3][5]. - ABTC's first commercial recycling facility commenced operations in 2023, featuring an internally-developed system to process lithium-ion batteries and produce intermediate materials [6][12]. Market Positioning - ABTC's technologies are designed to reduce reliance on imported critical materials while supporting a sustainable and circular supply chain, positioning the company as a leader in sustainable battery materials manufacturing [8][10]. - The establishment of the first North American commercial circular supply chain partnership with BASF aims to close the loop for lithium-ion batteries in North America [12]. Future Plans - ABTC secured a $144 million grant from the U.S. DOE in 2024 to construct a second commercial-scale lithium-ion battery recycling facility, which will increase processing capacity by 100,000 tonnes per year [12].

Core Insights - American Battery Technology Company (ABTC) has been awarded "Recycling Technology Solution of the Year" by CleanTech Breakthrough, recognizing its advancements in battery recycling technology and contributions to a circular supply chain for critical battery materials [1][2] Group 1: Technology and Innovation - ABTC's innovative "de-manufacturing" recycling process utilizes selective hydrometallurgical processing, allowing for high recovery rates of critical materials such as lithium, nickel, cobalt, manganese, copper, and aluminum [3][4] - The two-phase recycling process produces recycled materials in the first phase and refines them into battery-grade products like nickel sulfate and lithium hydroxide in the second phase [3][4] Group 2: Strategic Milestones - ABTC has established a feedstock-agnostic system capable of processing various lithium-ion battery sizes and chemistries, demonstrating sustainable practices with reduced waste and lower environmental impact compared to conventional methods [4] - The company was recognized as the sole winner of the Battery Recycling Circularity Challenge in 2019, highlighting its innovative recycling technologies [5] - In 2021, ABTC received a grant to demonstrate its integrated lithium-ion battery recycling system, focusing on producing battery-grade metals from recycled materials at lower costs and environmental impacts [5] Group 3: Commercialization and Operations - ABTC commenced commercial operations of its recycling technologies in 2023, with its first facility processing lithium-ion batteries and producing intermediate materials like black mass [6][8] - The company has transitioned to 24/7 operations, achieving key milestones such as sourcing large-scale batteries from automotive OEMs and producing low-impurity intermediate black mass material [6][7] - ABTC plans to enhance production quality and scale operations, targeting greater efficiencies and sustainable practices [6][8] Group 4: Future Developments - In 2024, ABTC announced a $144 million grant from the U.S. DOE to construct a second commercial-scale lithium-ion battery recycling facility, which will increase processing capacity by 100,000 tonnes per year [12] - The new facility aims to scale operations fivefold and implement strategic de-manufacturing and chemical extraction processes for battery-grade products [12]

Core Insights - American Battery Technology Company (ABTC) has completed its fourth drill program at the Tonopah Flats Lithium Project (TFLP), marking a significant milestone in the commercialization of domestic lithium resources [1][2] - The company aims to enhance the production of lithium from Nevada claystone, aligning with national security and supply chain stability goals [2][8] - The upcoming Pre-Feasibility Study (PFS) will build on previous assessments and is expected to identify financing strategies for the project [4] Company Developments - ABTC has engaged True North Drilling for core sample collections and Barr Engineering for mine plan development and PFS publication [2] - The recent drilling program aims to define lithium resources and provide geotechnical data for mine design [3] - The TFLP is identified as one of the largest domestic lithium resources, with approximately 21.2 million tons of economical lithium carbonate equivalent (LCE) [4] Technical Aspects - The drilling program included multiple sample holes with total depths ranging from 763 to 985 feet [5] - ABTC has successfully manufactured battery-grade lithium hydroxide from its claystone resource and is constructing a 30,000-tonnes-per-year lithium hydroxide refinery [5][6] - The company utilizes innovative technologies to access lithium from unconventional claystone materials found in central Nevada [6] Industry Context - The U.S. lacks large quantities of conventional lithium resources, making ABTC's approach to utilize domestic claystone critical for increasing local production [6] - The company's efforts are part of a broader mission to secure a sustainable supply chain for critical battery materials in response to growing demand from electric vehicles and other industries [8][14]

Core Insights - American Battery Technology Company (ABTC) has announced the sale of a 12-acre legacy property in Fernley, Nevada for $6.75 million, expected to close by July 10, 2025, to support its lithium-ion battery recycling technologies [1][2][3] Group 1: Company Strategy - The sale of the Fernley property will provide additional resources to advance the second phase of ABTC's recycling technologies, enhancing the development of a closed-loop battery material supply chain in North America [2][3] - ABTC's operational facility at the Tahoe-Reno Industrial Center (TRIC) is prioritized for the implementation of innovative recycling processes, which are essential for creating a domestic supply of refined battery materials [2][3] Group 2: Technological Advancements - The recycling facility utilizes a unique technology framework that integrates advanced de-manufacturing processes with selective hydrometallurgical methods, allowing for the processing of various lithium-ion batteries regardless of their size, shape, or chemistry [3] - The first operational phase of the facility produces materials such as copper, aluminum, steel, lithium intermediate, and black mass, while the second phase aims to produce battery-grade nickel sulfate, cobalt sulfate, manganese sulfate, and lithium hydroxide [3] Group 3: Future Opportunities - The company is also evaluating opportunities related to its real property asset at 390 Logan Lane and its water rights holdings in Fernley, Nevada [4]

Financial Performance - ABTC reported revenue of $332,440 for the three months ended December 31, 2024, compared to $0 in the same period of the previous year [10]. - The net loss for the three months ended December 31, 2024, was $13,400,506, compared to a net loss of $10,177,859 for the same period in 2023 [10]. - Total operating expenses for the three months ended December 31, 2024, were $10,827,455, compared to $8,809,308 for the same period in 2023 [10]. - ABTC's accumulated deficit increased to $238,423,407 as of December 31, 2024, from $213,328,332 as of June 30, 2024 [12]. Cash and Assets - As of December 31, 2024, ABTC had total cash on hand of $20.6 million, including $15.6 million of available cash and $5 million of restricted cash [2]. - ABTC's total current assets increased to $30.5 million as of December 31, 2024, compared to $18.4 million as of June 30, 2024 [12]. Operational Developments - The company achieved a facility throughput in January 2025 that was over 225% higher than the average monthly throughput in the previous quarter [2]. - ABTC is in the process of establishing a second battery recycling facility with approximately 5 times the throughput capacity of its first facility, supported by a $144 million federal grant from the U.S. Department of Energy [2]. - The company is designing a commercial scale refinery with a capacity of 30,000 tonnes of lithium hydroxide per year, supported by a $57.7 million competitive grant from the U.S. DOE [7]. Government Grants - The company generated $2.3 million in government grant reimbursement for the six months ended December 31, 2024, up from $1.7 million in the same period of the prior year [2].

Financial Performance - Revenue for the three months ended December 31, 2024, was $332,440, compared to $0 for the same period in 2023, indicating a significant increase[12] - Gross loss for the six months ended December 31, 2024, was $5.31 million, compared to a gross loss of $0 for the same period in 2023[12] - Net loss for the three months ended December 31, 2024, was $13.40 million, compared to a net loss of $10.18 million for the same period in 2023, reflecting an increase in losses of 31.5%[12] - The company reported a net loss of $(13,400,506) for the period ending December 31, 2024[16] - The company reported a net loss of $25.1 million for the six months ended December 31, 2024, compared to a net loss of $19.1 million for the same period in 2023, representing a 31.6% increase in losses year-over-year[21] - The net loss attributable to common stockholders for the six months ended December 31, 2023, was $19,069,836, resulting in a net loss per share of $0.40[39] Assets and Liabilities - Total assets increased to $88.29 million as of December 31, 2024, up from $77.68 million on June 30, 2024, representing a growth of 13.5%[9] - Total liabilities increased to $17.69 million as of December 31, 2024, from $16.21 million on June 30, 2024, marking an increase of 9.1%[9] - Cash and cash equivalents rose to $15.62 million as of December 31, 2024, compared to $7.00 million on June 30, 2024, a growth of 123.2%[9] - The accumulated deficit reached $238.4 million as of December 31, 2024[24] - Total stockholders' equity increased to $70.60 million as of December 31, 2024, from $61.47 million on June 30, 2024, representing a growth of 14.7%[9] Expenses - General and administrative expenses for the three months ended December 31, 2024, were $7.67 million, up from $4.42 million in the same period of 2023, an increase of 73.5%[12] - Research and development expenses decreased to $2.92 million for the three months ended December 31, 2024, from $3.57 million in the same period of 2023, a decrease of 18.2%[12] - The company incurred stock-based compensation expenses of $9.5 million for the six months ended December 31, 2024, compared to $7.7 million for the same period in 2023, reflecting a 23.4% increase[21] - Stock-based compensation expense for the period was $2,420,747[15] Shareholder Information - The weighted average shares outstanding increased to 75,315,210 for the three months ended December 31, 2024, compared to 47,760,809 for the same period in 2023, an increase of 57.8%[12] - The total common shares outstanding increased to 73,342,037 as of September 30, 2024, from 64,061,763 as of June 30, 2024[15] - The total common shares outstanding as of December 31, 2024, reached 84,392,375[16] - The Company authorized a total of 1,666,667 shares of preferred stock, with 5 shares of Series D Preferred Stock issued and outstanding as of December 31, 2024[94] - The Company increased the number of authorized shares of common stock from 80,000,000 to 250,000,000 as of December 31, 2024[102] Financing Activities - The company reported a net cash provided by financing activities of $27.9 million for the six months ended December 31, 2024, compared to $23.6 million for the same period in 2023, showing an 18.8% increase[21] - The company issued 5,938,786 shares through an At-The-Market offering, raising $6,327,168 in capital[15] - The Company received $25.0 million from a Securities Purchase Agreement for senior secured convertible notes, with a total potential of $51.0 million[80] - The Company received total proceeds of $15.0 million from two securities purchase agreements in December 2024, net of offering costs of $1.1 million[112] Government Grants and Contracts - The company recognized $2.3 million of invoiced government funds as an offset to R&D costs during the six months ended December 31, 2024[54] - The company has a grant from the U.S. Department of Energy with a total budget of $4.5 million, of which it is eligible to receive up to $2.3 million in reimbursements[55] - The Company received a $2.0 million contract award from the USABC for a 30-month project focused on lithium-ion battery recycling, with $0.5 million in eligible reimbursements invoiced as of December 31, 2024, representing 100% of total eligible reimbursements[56] - The Company was selected for a $115.5 million project by the U.S. DOE to construct a lithium hydroxide refinery, eligible for up to $57.7 million in reimbursements, with $3.2 million invoiced as of December 31, 2024, representing 6% of total eligible reimbursements[57] - A $20.0 million project was awarded by the U.S. DOE for next-generation lithium-ion battery recycling techniques, with $1.1 million invoiced as of December 31, 2024, representing 11% of total eligible reimbursements[58] - The Company received a $144 million grant from the U.S. DOE for constructing a new lithium-ion battery recycling facility, announced on December 18, 2024[61] Operational Focus - The company is focused on increasing domestic U.S. production of battery materials through exploration and commercialization of new technologies[22] - The company is engaged in the exploration and commercialization of new technologies for battery metal extraction and recycling, aiming for a closed-loop supply chain[22] - The Company is advancing its Tonopah Flats Lithium Project, with over 50% of inferred mineral resources upgraded to measured and indicated classifications[71] Accounting and Compliance - The company is in the process of assessing the impact of recent accounting pronouncements on its financial disclosures, which may affect future reporting[49] - The Company identified errors in accounting standards that resulted in increased compensation costs of $2.2 million for the six months ended December 31, 2023[32]