Financial Performance - Revenue for the three months ended September 30, 2024, was $201,960, compared to $0 for the same period in 2023[11] - Gross loss for the period was $(2,340,681), with total operating expenses of $7,462,483, down from $8,017,770 in the prior year[11] - Net loss for the three months ended September 30, 2024, was $(11,694,569), compared to $(8,891,977) for the same period in 2023, reflecting an increase in losses[11] - The company reported a net loss of $11.7 million for the three months ended September 30, 2024, compared to a net loss of $8.9 million for the same period in 2023, representing a 31% increase in losses year-over-year[21] - Cash used in operating activities was $5.6 million for the three months ended September 30, 2024, compared to $4.8 million for the same period in 2023, indicating a 17% increase in cash outflow[21] - The company incurred a net loss of $11.8 million or $0.17 loss per share for the three months ended September 30, 2024, compared to a net loss of $8.9 million or $0.19 loss per share in the same period of 2023[142] - Operating expenses for the three months ended September 30, 2024, were $7.5 million, a decrease from $8.0 million in the same period of the prior year[137] Equity and Stockholder Information - Total stockholders' equity decreased to $59,344,596 as of September 30, 2024, down from $61,467,640 as of June 30, 2024[10] - Common shares issued increased to 73,342,037 as of September 30, 2024, from 64,061,763 as of June 30, 2024[10] - The weighted average shares outstanding increased to 69,519,432 for the quarter ended September 30, 2024, compared to 46,129,507 for the same period in 2023[11] - The total potentially dilutive shares outstanding increased to 16,061,307 from 9,807,025 in 2023, representing a growth of approximately 63%[103] - The Company issued 726,216 common shares in lieu of cash payment of $0.6 million, with a fair value of $0.7 million recorded in additional paid-in capital[100] Cash and Financing Activities - The company had a cash balance of $5.8 million as of September 30, 2024, with an accumulated deficit of $225 million[21] - The company generated $6.9 million in proceeds from the issuance of common shares through At-The-Market offerings during the quarter[21] - The Company entered into a Credit Agreement for up to $20 million, which included a $6 million term loan and $14 million in delayed draw term loan commitments[75] - The Company sold up to $51 million in senior secured convertible notes, with $25 million received to date and $22.2 million repaid[77] - As of September 30, 2024, the principal outstanding on the Notes was $2,883,333, with a net carrying value of $2,560,302 after accounting for debt discount and issuance costs[81] Research and Development - Research and development expenses for the quarter were $2,032,135, down from $3,613,852 in the same quarter of the previous year[11] - The company recognized $1.4 million of invoiced government funds as an offset to R&D costs during the period ended September 30, 2024[49] - The Company has been awarded a $2 million grant from the U.S. Advanced Battery Consortium to support the development of its integrated lithium-ion battery recycling facility[127] - An additional grant of $20 million from the U.S. Department of Energy under the Bipartisan Infrastructure Law will support the validation and deployment of advanced recycling technologies[127] Assets and Liabilities - As of September 30, 2024, the Company had a total property, plant, and equipment net value of $45.42 million, an increase from $46.31 million as of June 30, 2024[66] - The Company’s total accounts payable and accrued liabilities decreased to $7.40 million as of September 30, 2024, from $9.35 million as of June 30, 2024[74] - Current liabilities decreased to $10.0 million as of September 30, 2024, from $15.8 million at June 30, 2024[144] - Working capital improved to $5.5 million as of September 30, 2024, compared to $2.6 million at June 30, 2024[145] Internal Controls and Compliance - The company's disclosure controls and procedures were deemed ineffective as of September 30, 2024, due to material weaknesses identified[161] - Material weaknesses in internal control over financial reporting were noted, including insufficient personnel with appropriate technical expertise and lack of proper segregation of duties[165] - Remediation efforts included hiring a new corporate controller and a senior accountant to address internal control deficiencies, with expectations to remediate by the end of fiscal year 2025[167] - The Company is committed to ensuring effective internal control over financial reporting, although there is no assurance that material weaknesses will be fully remediated[168] Risks and Challenges - The company is assessing its ability to continue as a going concern, dependent on generating profits or obtaining financing[22] - The company faces significant risks in a competitive industry, particularly in battery recycling, where established companies may have more resources[177] - The market price of lithium-based products is highly volatile and influenced by factors beyond the company's control, affecting potential revenues[183] - The company has not yet achieved full commercialization, facing challenges such as significant capital requirements and accumulated losses[175] - The Company faces risks related to obtaining necessary environmental permits, which could delay operations and adversely affect financial results[191] - Changes in government regulations may impact project development, including laws related to environmental compliance and production restrictions[207] - The Company must comply with evolving environmental regulations, which may require stricter standards and could increase project costs[208] Grants and Tax Credits - Cumulative funds invoiced for the DOE grant related to lithium hydroxide refinery project total $2.5 million, representing 4% of total eligible reimbursements[53] - The Company has incurred qualifying expenditures for a tax credit of up to $19.5 million but will not recognize amounts until compliance assurance is met[55] - The Company has not incurred any qualifying expenditures towards an additional tax credit of up to $40.5 million as of September 30, 2024[56] - ABTC was awarded a $19.5 million tax credit and an additional $40.5 million tax credit to support its battery recycling facilities[131][132] Operational Developments - The company is focused on increasing domestic U.S. production of battery materials and developing new technologies for battery metal extraction and recycling[19] - The Company is advancing major lithium projects, which require significant time and resources, potentially straining managerial and human resources[189] - The Company is working on a $115 million project to design and construct a commercial-scale refinery to produce 30,000 MT of battery-grade lithium hydroxide per year[128] - The Company has been selected for a $150 million grant for the construction of a new lithium-ion battery recycling facility[57] - ABTC completed the construction and commissioning of its lithium hydroxide pilot plant, supported by a $4.5 million grant from the U.S. Department of Energy[129] Miscellaneous - The Company recorded an impairment charge of $10.3 million on assets held-for-sale, which had a carrying amount of $18.6 million[67] - The Company recognized stock-based compensation expense of $3.2 million for the three months ended September 30, 2024, compared to $3.4 million in the same period of 2023[110] - The Company has approximately $8.5 million of unamortized expenses related to outstanding equity compensation awards to be recognized over a remaining weighted-average period of 2.6 years[111] - The Company issued 3,548,426 warrants during the three months ended September 30, 2024, with 898,426 of those purchased by employees[104] - The balance of warrants as of September 30, 2024, was 9,394,469, with a weighted average exercise price of $8.55 and an aggregate intrinsic value of $248,390[105]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Nevada 001-41811 33-1227980 (State or other jurisdiction of (Commission (IRS Employer incorporation or organization) File No.) Identification Number) FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 23, 2024 AMERICAN BATTERY TECHNOLOGY COMPANY (Exact name of registrant as specified in its charter) 100 Washington Street, Suite 100 Re ...

Achieves major milestone by generating first revenue from recycled lithium-ion battery products sold to domestic battery manufacturing supply chain RENO, Nev., Sept. 24, 2024 /PRNewswire/ -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, announced its fiscal year (FY) 2024 financial results for the 12 month ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE EXCHANGE ACT OF 1934 Commission File number: 000-55088 AMERICAN BATTERY TECHNOLOGY COMPANY (Exact name of registrant as specified in its charter) | --- | --- | |--------------------------------------------------|-------------------------| | Ne ...

RENO, Nev., Aug. 26, 2024 /PRNewswire/ -- American Battery Technology Company (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, appoints Steven Wu as its new chief operating officer (COO). Wu brings an extensive background from his previous companies in successfully scaling first-of-kind technologies into high-volume, bespoke manufacturing operations, ...

American Battery Technology Company (ABTC) achieves major commercial milestone for its internally-developed, first-of-kind, commercial-scale battery recycling facility by entering into a binding purchase agreement for accumulated volume of its recycled black mass material to a domestic strategic customerEnsuring recycled black mass feeds the North American circular battery metals supply chain, as opposed to being sold to the Asian refining market, ABTC strategically shifts to direct sale of its products, as ...

RENO, Nev., June 21, 2024 /PRNewswire/ -- American Battery Technology Company (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, hosted U.S. Department of Energy Secretary Jennifer Granholm and members of her staff at its commercial lithium-ion battery recycling facility earlier this week.  The tour follows American Battery Technology Company's (ABTC) r ...

American Battery Technology Company (NASDAQ:ABAT) demonstrates ability to manufacture commercially-viable lithium product with its internally-developed processing technologies from a U.S resource, diminishing reliance on foreign entities Demonstration-scale quantities of manufactured lithium hydroxide to be used for qualification processes by strategic partners in negotiation of long-term commercial-scale offtake agreements that can directly support build out of a North American Critical Battery Minerals S ...

Rapid ramp up yielding progressive results supporting company's commercialization of its first-of-kind battery metals extraction technologies for both recycling and primary claystone resourcesRENO, Nev., May 15, 2024 /PRNewswire/ -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, announced its third quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE EXCHANGE ACT OF 1934 Commission File number: 000-55088 AMERICAN BATTERY TECHNOLOGY COMPANY (Exact name of registrant as specified in its charter) Nevada 33-1227980 (State or other jurisdiction (I.R.S. Employer of incorporation or orga ...