American Battery Technology Company Triples Quarterly Revenue as it Releases Third Quarter Fiscal Year 2025 Financial Report

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$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].