Core Insights - American Battery Technology Company (ABTC) has reported significant advancements in its lithium-ion battery recycling facility and is developing two additional critical mineral facilities [1][3]. Financial Performance - For the three months ending December 31, 2024, ABTC generated revenue of $332,000 from recycled products, with a cash cost of goods sold amounting to $2.1 million [5][9]. - The company reported a gross loss of $2.97 million for the quarter, with total operating expenses of $10.83 million [9]. - As of December 31, 2024, ABTC had total cash on hand of $20.6 million, including $15.6 million in available cash and $5 million in restricted cash [5][9]. Operational Highlights - ABTC achieved a facility throughput in January 2025 that was over 225% of the average monthly throughput from the previous quarter, and in the first week of February 2025, throughput exceeded 350% of the average weekly throughput from the previous quarter [5]. - The company is in the process of establishing a second battery recycling facility with approximately five times the throughput capacity of the first facility, supported by a $144 million federal grant from the U.S. Department of Energy [5][9]. - ABTC has developed technologies to manufacture battery-grade lithium hydroxide from Nevada-based claystone and is constructing a pilot facility to demonstrate these technologies [5][9]. Strategic Initiatives - The company is concurrently commercializing its recycling and primary resource operations, allowing it to provide a diverse range of critical mineral products from domestic feed materials [3][4]. - ABTC has successfully completed safety audits and environmental reviews with several global automotive and battery manufacturers, indicating strong partnerships and market interest [5]. Future Outlook - ABTC is designing a commercial-scale refinery with a capacity of 30,000 tonnes of lithium hydroxide per year, backed by a $57.7 million competitive grant from the U.S. Department of Energy [5].

Core Insights - American Battery Technology Company (ABTC) is actively engaging in global discussions on the commercialization of critical battery mineral manufacturing processes, emphasizing its role in the battery supply chain [1][4][8] - The company has successfully scaled its battery recycling technology and developed innovative processes for lithium hydroxide manufacturing, aiming to enhance domestic production and reduce reliance on foreign sources [5][6][14] Group 1: Company Initiatives - ABTC participated in significant global events, including the Future Minerals Forum, World Economic Forum 2025, and the Round Table on Sustainable Development, showcasing its advancements in battery recycling and mineral manufacturing [1][2][12] - CEO Ryan Melsert delivered a keynote address at the Round Table on Sustainable Development, focusing on strategic catalysts for the company's commercialization efforts [2][3] - The company aims to create a circular battery economy by integrating recycling, mining, and battery metals manufacturing, thereby enhancing America's position in the global battery value chain [3][4][15] Group 2: Industry Context - The demand for critical battery minerals, such as lithium, nickel, cobalt, and graphite, has surged due to the growing clean energy technology sector, yet the supply chain remains concentrated and unsustainable [7][9] - ABTC's initiatives are positioned to localize operations and ensure supply chain security, addressing the challenges posed by the current global battery supply chain dominated by a few players [4][8] - The company is committed to fostering ethical and sustainable practices throughout the global supply chain, viewing this as both an opportunity and a responsibility [9]

Core Summary - American Battery Technology Company (ABTC) has initiated a new drill program to accelerate the commercialization of its Tonopah Flats Lithium Project (TFLP), which is one of the largest known lithium resources in the US, containing approximately 21.2 million tons of economically accessible lithium (LCE) [1][2] - The company aims to complete a prefeasibility study (PFS) to define the structural mine pit shape, enhance the 3D resource model, and understand high-grade continuity within the proposed pit [3] - ABTC has successfully manufactured battery-grade lithium hydroxide from TFLP claystone using its demonstration-scale facility and is constructing a 30,000 tonnes per year commercial-scale lithium hydroxide refinery at the TFLP site [6] Project Details - The drill program includes core sample collections to further define the resource in the unexplored southwest section of the claim block and potentially increase the overall lithium resource size [4] - ABTC has engaged Truth North Drilling for core sample collections and Barr Engineering for the design and development of the mine plan of operation and PFS publication [5] - The company has developed proprietary technologies to extract lithium from unconventional lithium-rich claystone in central Nevada, enabling low-cost and low-impact production of battery-grade lithium materials [7] Industry Context - Lithium products are typically manufactured from conventional feedstock resources like hard rock spodumene from Australia and lithium-rich brines from South America, but the US lacks significant quantities of these resources [7] - ABTC's focus on unconventional lithium-rich claystone positions it to significantly increase domestic US production of battery-grade lithium products, addressing the growing demand from electric vehicles, stationary storage, and consumer electronics industries [7][8]

Group 1: Export Controls and Retaliation - China has banned certain rare earth mineral exports to the United States in response to President Biden's export controls on chip manufacturing equipment and related technologies [1] - The ban includes critical rare earth elements such as germanium, gallium, antimony, and a stricter review of graphite, impacting the computer & technology and aerospace sectors [1][2] Group 2: Impact on Companies - MP Materials is the only active rare earth mining and processing site in the U.S., located at the Mountain Pass mine in California, which is now more critical due to the China ban [3][4] - The Mountain Pass mine primarily produces rare earth oxides and concentrates, but does not produce all 17 rare earth elements [5][6] - American Battery Technology Co. focuses on recycling lithium-ion batteries to recover materials like cobalt and nickel, which is essential for building America's supply chain [10][13][14] Group 3: Alternative Sources and Market Dynamics - The U.S. sources gallium, germanium, and antimony from countries outside of China, including Japan, South Korea, and Canada, limiting the immediate impact on chip companies [7] - The VanEck Rare Earth/Strategic Metals ETF provides a way to invest in the rare earths market, tracking global exploration, mining, and production companies [15][16]

Group 1 - American Battery Technology Company (ABTC) has entered into securities purchase agreements with two institutional investors for the purchase and sale of 3,773,586 shares of its common stock and warrants to purchase an aggregate of 3,773,586 shares in a registered direct offering [4] - The offering price is set at $2.65 per share, with the last closing market price being $2.60 per share, and the warrants have an exercise price of $2.80 per share, exercisable immediately and expiring five years from the initial exercise date [4] - The gross proceeds from the offering are expected to be approximately $10 million before deducting fees and expenses, with the closing anticipated around December 27, 2024, subject to customary closing conditions [1] Group 2 - A shelf registration statement relating to the offering was declared effective by the SEC on June 24, 2024, and the offering will be made only by means of a base prospectus and accompanying prospectus supplement [5] - American Battery Technology Company is focused on commercializing technologies for primary battery minerals manufacturing and secondary lithium-ion battery recycling, aiming to meet the demand from electric vehicles, stationary storage, and consumer electronics industries [6] - The company is committed to a circular supply chain for battery metals and is continuously innovating to support the global transition to electrification and sustainable energy [6]

Company Overview - American Battery Technology Company (ABTC) is based in Reno, Nevada, and focuses on technologies for domestically manufactured and recycled battery metals, essential for electric vehicles, stationary storage, and consumer electronics [2] - The company is committed to a circular supply chain for battery metals and aims to innovate in battery metals technologies to support the transition to electrification and sustainable energy [2] Securities Offering - ABTC has entered into securities purchase agreements with two institutional investors for the purchase of 5,000,000 shares of common stock and warrants to purchase an additional 5,000,000 shares at a combined offering price of $1.00 per share [3] - The warrants have an exercise price of $1.10 per share, are immediately exercisable, and will expire five years from the initial exercise date [3] Financial Details - The gross proceeds from the offering are expected to be approximately $5 million before deducting placement agent fees and other estimated expenses, including a required 20% excess cash payment to existing debtholders [8] - The closing of the offering is anticipated to occur on or about December 23, 2024, subject to customary closing conditions [8] Regulatory Information - A shelf registration statement on Form S-3 relating to the offering was declared effective by the SEC on June 24, 2024, and a prospectus supplement will be filed with the SEC [6]

Company Overview - American Battery Technology Company (ABTC) is an integrated critical battery materials company specializing in primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling [1] - The company is headquartered in Reno, Nevada, and has developed first-of-kind technologies to unlock domestically manufactured and recycled battery metals [6] - ABTC is committed to creating a circular supply chain for battery metals, focusing on innovation and mastering new battery metals technologies to support the global transition to electrification and sustainable energy [6] Financing Activity - ABTC has entered into securities purchase agreements with two institutional investors for the purchase and sale of 5,000,000 shares of its common stock and warrants to purchase up to 5,000,000 shares of common stock [1] - The offering price is $1.00 per share and accompanying warrant, with warrants exercisable at $1.10 per share, immediately exercisable upon issuance, and expiring five years from the initial exercise date [1] - The gross proceeds from the offering are expected to be approximately $5 million before deducting placement agent fees and other estimated offering expenses [2] - A required 20% excess cash payment will be made to certain existing debtholders [2] - The closing of the offering is expected to occur on or about December 23, 2024, subject to customary closing conditions [2] - A G P/Alliance Global Partners is acting as the sole placement agent for the offering [3] Regulatory and Offering Details - A shelf registration statement on Form S-3 (File No 333-276329) relating to the offering was declared effective by the SEC on June 24, 2024 [4] - The offering will be made through a base prospectus and accompanying prospectus supplement, which will be filed with the SEC [4] - Electronic copies of the prospectus supplement will be available on the SEC's website or by contacting A G P/Alliance Global Partners [4]

Core Insights - American Battery Technology Company (ABTC) has been awarded a $144 million federal grant from the U.S. Department of Energy to support the construction of a new lithium-ion battery recycling facility, which will significantly expand its processing capacity by an additional 100,000 tonnes per year [1][6] - The new facility will be five times the throughput of the company's first recycling plant and will process materials from automotive OEMs, cell manufacturers, and community partners, producing battery-grade nickel, cobalt, manganese, and lithium hydroxide for the North American market [2][3] - The company has established a strategic partnership with BASF for the purchase of battery-grade metals, enhancing its supply chain and market reach [2] Company Operations - The second facility will utilize internally-developed recycling technologies that focus on strategic de-manufacturing and targeted chemical extraction, aiming for competitive costs and a low environmental footprint [3] - ABTC's internal teams, including members with experience from Tesla's Gigafactory, are instrumental in the commercialization of this new facility [3] Community Engagement and Job Creation - The construction of the new facility is expected to create 1,200 construction jobs and 300 operational jobs, emphasizing a community-driven engagement model [4] - The project aims to foster a sustainable circular manufacturing ecosystem that benefits local communities, particularly underserved areas [4] Strategic Partnerships - The project will involve multiple partners, including BASF, Siemens, Clemson University, and Argonne National Laboratory, to establish a robust commercial battery metals supply chain in North America [4] Future Outlook - The grant award is set to commence on January 1, 2025, marking a significant step in the company's growth and capacity expansion [6] - ABTC is committed to innovating and mastering new battery metals technologies to support the transition to electrification and sustainable energy [7]

Group 1 - The American Battery Technology Company (ABTC) is collaborating with public and private partners to develop a new U.S. energy manufacturing workforce focused on the electric vehicle (EV) circular supply chain [1][2] - ABTC has entered the U.S. Department of Energy's Battery Workforce Challenge and introduced a new 'Design for Recyclability' category for a collegiate and vocational engineering competition [2][3] - The competition involves twelve North American teams designing advanced lithium-ion battery packs for a Stellantis vehicle, emphasizing the importance of recyclability in battery design [3][6] Group 2 - ABTC's CEO highlighted the increasing complexity of battery pack designs and the need for strategic planning in battery demanufacturing to enhance recycling efficiency and reduce costs [4][5] - The 'Design for Recyclability' methodology aims to instill a closed-loop circular mindset in future battery engineers, promoting the use of sustainable materials and practices [6][8] - The Battery Workforce Challenge, sponsored by the U.S. Department of Energy and Stellantis, provides hands-on experiences for future engineers, focusing on lifecycle modeling and economic impacts [7][8] Group 3 - ABTC is committed to establishing regional workforce training hubs to address skill gaps in the EV and battery manufacturing sectors [8] - The company aims to unlock domestically manufactured and recycled battery metals to meet the growing demand from various industries, including electric vehicles and consumer electronics [10]

Core Insights - American Battery Technology Company (ABTC) reported its financial results for the first fiscal quarter of FY 2025, focusing on the commercialization of technologies for primary battery minerals manufacturing and lithium-ion battery recycling to establish a domestic supply chain in North America [1] Financial Performance - For the three months ended September 30, 2024, ABTC generated revenues of $202,000 from recycled product sales, with a non-GAAP cash cost of goods sold (COGS) amounting to $1.3 million [5] - Government grant reimbursements totaled $1.4 million for the same period, an increase from $0.5 million in the previous year, with $0.3 million offsetting fixed assets and $1.1 million offsetting research and development costs [7] - As of September 30, 2024, ABTC had $5.8 million in total cash on hand and utilized $5.6 million in cash for operations during the quarter, compared to $4.8 million in the same period of the prior year [7][8] Operational Developments - The company has ramped up operations at its first battery recycling facility near Reno, Nevada, and received a $150 million grant from the U.S. Department of Energy to support the construction of a second facility [2][6] - ABTC has manufactured additional battery-grade lithium hydroxide from its Nevada-based claystone material and is evaluating these products for long-term offtake for its commercial-scale lithium refinery [3] Financing Activities - In August 2023, ABTC entered into an agreement for the issuance of zero coupon convertible notes for up to $50 million, initially issuing $25 million, and has now announced an additional $12 million issuance [4]