American Battery Technology Co Stock Price, News & Analysis

American Battery Technology Company (NASDAQ: ABAT) has received a $900 million Letter of Interest from the US EXIM Bank to finance its Tonopah Flats Lithium Project in Nevada. The funding would support the construction of a domestic lithium mine and a 30,000 tonne per year lithium hydroxide refinery.

The project aligns with EXIM's 'Make More in America' and 'China and Transformational Export Program' initiatives, supporting domestic critical mineral manufacturing. ABAT has partnered with Black & Veatch for the design and construction of the refinery.

The company has already demonstrated its technologies at pilot scale, successfully producing battery-grade lithium hydroxide from claystone. This resource is considered one of the largest known lithium deposits in the United States. ABAT's innovative approach focuses on processing unconventional lithium-rich claystone found in central Nevada, as the U.S. lacks large quantities of conventional lithium resources like hard rock spodumene or lithium-rich brines.

American Battery Technology Company (NASDAQ: ABAT) has been named 'Recycling Technology Solution of the Year' by CleanTech Breakthrough, recognizing its innovative battery recycling technologies. The company's unique 'de-manufacturing' process differs from traditional smelting and shredding methods, utilizing selective hydrometallurgical processing.

ABAT's system is feedstock-agnostic, capable of processing various lithium-ion battery types with high recovery rates of critical materials including lithium, nickel, cobalt, and manganese. The company has achieved several milestones, including:

• Winning BASF's global Battery Recycling Circularity Challenge in 2019
• Commencing commercial operations in 2023 with 24/7 production
• Securing a $144 million DOE grant in 2024 for a second facility with 100,000 tonnes annual capacity
• Establishing the first North American commercial circular supply chain partnership with BASF

American Battery Technology Company (NASDAQ: ABAT) has completed its fourth drill program at the Tonopah Flats Lithium Project (TFLP) in Nevada, marking progress in domestic lithium production. The program, executed by True North Drilling, comprised 8 HQ core holes ranging from 763 to 985 feet in depth.

The company has engaged Barr Engineering for mine plan development and a prefeasibility study (PFS), building upon the April 2024 Assessment that identified TFLP as a major domestic lithium resource with approximately 21.2 million tons of economical lithium carbonate equivalent (LCE).

ABAT has successfully produced battery-grade lithium hydroxide from TFLP claystone and partnered with Black & Veatch to construct a 30,000-tonnes-per-year commercial-scale lithium hydroxide refinery on-site. This development aligns with efforts to increase domestic critical mineral production and strengthen the U.S. battery supply chain.

American Battery Technology Company (NASDAQ: ABAT) has announced the sale of its 12-acre legacy property in Fernley, Nevada for $6.75 million, with closing expected by July 10, 2025. The proceeds will support the advancement of lithium-ion battery recycling technologies at its operational facility in the Tahoe-Reno Industrial Center (TRIC), McCarran, Nevada.

The TRIC facility employs a first-of-kind technology framework combining advanced de-manufacturing processes with selective hydrometallurgical methods. The facility's first phase produces copper, aluminum, steel, lithium intermediate, and black mass, while the second phase will enable production of battery-grade nickel sulfate, cobalt sulfate, manganese sulfate, and lithium hydroxide.

ABTC continues to evaluate opportunities for its remaining property at 390 Logan Lane and water rights holdings in Fernley.

American Battery Technology Company (NASDAQ: ABAT) has achieved a significant milestone by more than doubling its recycled battery materials production in Q1 2025 compared to the previous quarter at its commercial-scale lithium-ion battery recycling facility.

The company has transitioned to 24/7 continuous operations, securing recurring shipments from automotive OEMs and successfully producing and selling commercial quantities of low-impurity intermediate black mass material and recycled byproducts. The facility employs first-of-kind integrated technologies combining de-manufacturing with selective hydrometallurgical methods, making it capable of processing various lithium-ion battery types.

The production expansion aligns with growing market demands, as global EV sales increased 50% year-over-year, reaching 1.2 million units in February 2025, while the 'retirement wave' of early EV batteries grows at an estimated 43% annual rate.

American Battery Technology Company (NASDAQ: ABAT) released its Q2 FY2025 financial results, highlighting significant operational improvements at its Reno battery recycling facility. After implementing process enhancements and a temporary operational pause, the facility achieved 225% higher monthly throughput in January 2025 and 350% higher weekly throughput in early February 2025 compared to previous averages.

The company reported Q2 revenue of $332,000 from recycled products, with cash cost of goods sold at $2.1 million. As of December 31, 2024, ABAT maintained $20.6 million in total cash, including $15.6 million available and $5 million restricted. Government grant reimbursements reached $2.3 million for the six months ended December 31, 2024.

ABAT secured a $144 million DOE grant for a second recycling facility with 5x capacity and a $57.7 million grant for a 30,000-tonne lithium hydroxide refinery near Tonopah, Nevada.

American Battery Technology Company (NASDAQ: ABAT) CEO Ryan Melsert delivered keynote addresses at several global events, including the Future Minerals Forum in Riyadh, World Economic Forum 2025 in Davos, and the Round Table on Sustainable Development in Paris. The presentations highlighted ABAT's progress in commercializing battery recycling facilities and its Nevada claystone-to-lithium hydroxide manufacturing refinery.

The company's integrated approach combines recycling, mining, and battery metals manufacturing to create a circular battery economy. ABAT's recycling technology utilizes a strategic de-manufacturing approach with selective hydrometallurgical processing, capable of handling various battery types and chemistries. Additionally, their claystone-to-lithium hydroxide processes demonstrate domestic extraction and refinement capabilities.

These developments aim to address the current challenges in the global battery supply chain, which is largely dominated by China, by localizing operations and ensuring supply chain security. The company's efforts align with increasing demand for critical battery minerals and clean energy technologies.

American Battery Technology Company (NASDAQ: ABAT) has initiated a new drill program to accelerate the commercialization of its Tonopah Flats Lithium Project (TFLP). According to their April 2024 Amended Initial Assessment, TFLP contains approximately 21.2 million tons of economically accessible lithium, making it one of the largest known lithium resources in the United States. Battery-grade lithium hydroxide can be manufactured at a production cost of $4,302/ton.

The company has engaged Truth North Drilling for core sample collections and Barr Engineering for mine plan development and prefeasibility study (PFS) publication. ABAT has also partnered with Black & Veatch for the engineering and construction of a 30,000 tonnes per year commercial-scale lithium hydroxide refinery at the TFLP site. The company has already successfully produced battery-grade lithium hydroxide from its TFLP claystone resource using its demonstration-scale facility.

American Battery Technology Company (NASDAQ: ABAT) has announced a $10 million registered direct offering, selling 3,773,586 shares of common stock and warrants. The offering is priced at $2.65 per share and accompanying warrant, slightly above the last closing price of $2.60. The warrants, exercisable immediately with a $2.80 strike price, will expire in five years.

The transaction, expected to close around December 27, 2024, is being conducted through A.G.P./Alliance Global Partners as the sole placement agent. The offering is made under an effective S-3 shelf registration statement filed with the SEC in June 2024.