American Battery Technology Company Reports Significant Growth in Second Quarter FY 2025 Financial Results and Facility Throughput

American Battery Technology Company Releases Second Quarter Financial Results

American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery minerals company based in Reno, Nevada, has announced its financial results for the second quarter of fiscal year 2025, which ended on December 31, 2024. The company is focused on commercializing innovative technologies for both primary battery minerals manufacturing and secondary lithium-ion battery recycling.

Key Highlights from the Second Fiscal Quarter 2025

• During the quarter, ABTC successfully implemented several critical process enhancements at its battery recycling facility near Reno, Nevada. This led to a temporary suspension of operations but resulted in significant improvements in plant throughput:
  • In January 2025, the facility’s throughput exceeded 225% of the average monthly throughput from the previous quarter.
  • In the first week of February 2025, throughput was more than 350% of the average weekly throughput from the prior quarter.
• Despite the temporary operational pause for upgrades, the company generated $332,000 in revenue from recycled product sales during the three months ending December 31, 2024. The cash cost of goods sold for this period was $2.1 million, excluding non-cash items such as depreciation and stock-based compensation.

• As of December 31, 2024, ABTC had total cash reserves of $20.6 million, consisting of $15.6 million in available cash and $5 million in restricted cash.

• The government grant reimbursement amounted to $2.3 million for the six-month period ending December 31, 2024, compared to $1.7 million during the same timeframe the previous year.

• ABTC successfully completed a series of safety audits, environmental reviews, and qualification processes with several global automotive and battery manufacturers, as well as other strategic original equipment manufacturers (OEMs).

• In response to increased demand, ABTC is in the process of establishing a second battery recycling facility with approximately five times the throughput capacity of its current facility. On December 18, 2024, the company received a $144 million competitive grant award from the U.S. Department of Energy (DOE) to support the development and construction of this new facility.

• The company has also developed unique technologies to manufacture battery-grade lithium hydroxide (LiOH) from Nevada-based claystone. ABTC has constructed a multi-tonne per day integrated pilot facility to demonstrate these technologies and is producing battery-grade lithium hydroxide for customer evaluation. Based on these advancements, ABTC plans to build a 30,000 tonne per year commercial-scale refinery near Tonopah, Nevada, and has been awarded a $57.7 million competitive grant from the DOE for this project.

Concurrent Commercialization of Recycling and Primary Resource Operations

ABTC is strategically positioned with technologies that support the manufacturing of critical minerals from both its battery recycling operations and primary claystone to lithium processes. This dual capability allows the company to construct and operate commercial manufacturing facilities that offer a diverse range of critical mineral products sourced from domestic feed materials.

The journey of progressing innovative technologies from initial design to testing, validation, integrated piloting, and commercialization is complex and requires a wide array of skills and resources. ABTC is advancing these first-of-kind technologies concurrently to enhance domestic energy independence, establish dominance in critical minerals, and bolster economic security.

For additional company updates and recent information, please visit American Battery Technology Company Events and Presentations.

About American Battery Technology Company

American Battery Technology Company (ABTC), headquartered in Reno, Nevada, is a pioneer in developing technologies to unlock domestically manufactured and recycled battery metals. These efforts are essential to meet the growing demand from the electric vehicle, stationary storage, and consumer electronics industries. ABTC is committed to promoting a circular supply chain for battery metals and continuously innovates to facilitate a global transition toward electrification and sustainable energy.

Forward-Looking Statements

This press release contains “forward-looking statements” as defined by the U.S. Private Securities Litigation Reform Act of 1995. These statements, other than historical facts, involve risks and uncertainties that may cause actual results to differ materially. Factors that could impact results include the company’s ability to continue as a going concern, geological interpretations, unfavorable exploration results, regulatory uncertainties, fluctuating commodity prices, and the ability to secure financing. Further information on these risks is available in the company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ending June 30, 2024. The company assumes no obligation to update any information contained in this release.

Financial Overview

Unaudited Condensed Consolidated Statements of Operations:

Unaudited Condensed Consolidated Balance Sheets:

For further inquiries, please contact:
Tiffiany Moehring
Email: tmoehring@batterymetals.com
Phone: 720-254-1556