STOCK TITAN

American Battery Tech FY26 revenue up 407% to $21.7M

ABAT delivered 407% revenue growth and positive adjusted gross profit in FY 2026 but posted a larger net loss as it scaled battery recycling and lithium projects.

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

American Battery Technology Company (ABAT) reported fiscal year 2026 results with revenue rising to $21.7 million, a 407% increase from $4.3 million in 2025, driven largely by ramp-up of its first commercial lithium-ion battery recycling facility and growing demand for recycled critical minerals.

The company achieved positive adjusted gross profit of $1.7 million (non-GAAP) versus a $6.2 million loss a year earlier, although GAAP gross loss was $3.1 million. Cash increased to $49.5 million and total assets to $132.8 million, and the company ended the year with no outstanding debt, supported by DOE grants and project progress at its Tonopah Flats Lithium Project.

Operating expenses expanded significantly as ABAT invested in growth, leading to a larger net loss of $73.4 million compared with $46.8 million in 2025. Shares outstanding increased to 141.5 million, reflecting substantial equity issuance to fund expansion of integrated recycling and lithium manufacturing initiatives.

Positive

  • Revenue grew 407% year-over-year to $21.7 million, the strongest in ABAT’s history, reflecting successful ramp-up of commercial recycling operations.
  • ABAT generated positive adjusted gross profit of $1.7 million versus a $6.2 million loss, indicating improved operating economics as production volumes increased.
  • Year-end cash rose to $49.5 million from $7.5 million and total assets to $132.8 million from $84.5 million, strengthening the balance sheet with no outstanding debt.
  • Tonopah Flats Lithium Project advanced with a Pre-Feasibility Study outlining 21.3 million tonnes of lithium hydroxide monohydrate resource and 2.7 million tonnes of proven and probable reserves, plus reinstatement of a $57.7 million DOE cooperative agreement.

Negative

  • Despite growth, ABAT reported a larger net loss of $73.4 million in FY 2026 compared with $46.8 million in FY 2025, as operating expenses more than doubled.
  • GAAP gross margin remained negative, with a $3.1 million gross loss despite higher volumes, indicating the business has not yet reached GAAP profitability.
  • Common shares outstanding increased from 97.4 million to 141.5 million, a significant rise that implies substantial equity issuance and potential dilution for existing shareholders.

Filing Explained

The positive gross-profit headline is non-GAAP; GAAP gross margin remained a $3.1 million loss for fiscal 2026.

The company furnished its fiscal-year results and related presentation and press release under Item 2.02. The disclosure changes the interpretation of operating performance: the reported improvement is adjusted gross profit, while GAAP gross margin remained a $3.1 million loss for the year ended June 30, 2026.

The filing also reports that the U.S. Bureau of Land Management accepted the mine and refinery Plan of Operations for the Tonopah Flats Lithium Project, placing that project at a permitting milestone rather than a stated commercial operating stage.

The adjusted measure excludes depreciation and stock-based compensation, and the company says it should not be considered alone or as a substitute for GAAP results. Adjusted gross profit was $1.7 million, compared with the GAAP gross loss disclosed above.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Revenue FY 2026 $21.7 million Fiscal year ended June 30, 2026, up from $4.3 million in 2025
Revenue growth 407% Year-over-year increase in revenue for fiscal 2026
Adjusted gross profit (non-GAAP) $1.7 million Fiscal 2026, versus adjusted gross loss of $6.2 million in 2025
Net loss attributable to common stockholders $73.4 million Fiscal year ended June 30, 2026, versus $46.8 million in 2025
Cash and cash equivalents $49.5 million Balance at June 30, 2026, versus $7.5 million at June 30, 2025
Total assets $132.8 million As of June 30, 2026, versus $84.5 million a year earlier
Shares outstanding 141,541,493 shares Common shares issued and outstanding as of June 30, 2026
Lithium hydroxide monohydrate resource 21.3 million tonnes Tonopah Flats Lithium Project total resource in Pre-Feasibility Study
Adjusted gross profit financial
"Adjusted gross profit (non-GAAP), with the removal of non-cash expenses"
Adjusted gross profit is a company’s revenue from selling goods or services minus the direct costs of producing them, with one-time or unusual items added back or removed to show the core margin. Investors use it like a cleaned-up snapshot of how much a business actually earns on its products, similar to measuring body weight after removing heavy clothes, because it helps compare performance across periods and companies without noise from rare events.
non-GAAP financial
"Management uses certain non-GAAP metrics to evaluate our operating"
Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.
Pre-Feasibility Study technical
"Published a milestone Pre-Feasibility Study (PFS) for ABTC’s Tonopah"
A pre-feasibility study is an initial assessment that evaluates whether a proposed project or investment idea is worth exploring further. It involves examining basic factors like costs, potential benefits, and possible challenges, similar to conducting a preliminary check before deciding to invest more time and resources. This helps investors determine if pursuing the project further is practical and likely to be successful.
Inferred Mineral Resource technical
"Inferred Mineral Resource is that part of a mineral resource for which"
An inferred mineral resource is an early-stage estimate of the amount and grade of minerals in the ground based on limited sampling and geological evidence; think of it as a rough sketch of where valuable material might be, rather than a detailed blueprint. It matters to investors because it signals potential upside but carries high uncertainty—further drilling and study are needed before it can support mine planning or reliable economic forecasts.
Probable Mineral Reserve technical
"Probable Mineral Reserve is the economically mineable part of an"
A probable mineral reserve is the portion of a mineral deposit that geologists and engineers judge likely to be economically mineable based on available data and reasonable assumptions about extraction, costs and market conditions; it carries a moderate level of confidence, higher than a resource estimate but lower than a proven reserve. Investors care because it represents the amount of commodity a company can reasonably expect to convert into saleable product—like a cautiously optimistic shopping list that helps estimate future production, revenue and project risk.
Initial Assessment technical
"An Initial Assessment is a preliminary technical and economic study"
An initial assessment is a short, early review that identifies the main facts, risks and likely next steps about a business matter, product, clinical result or regulatory filing. It matters to investors because it sets first expectations—like a quick health check that signals whether deeper investigation, a change in valuation, or an urgent response is needed—and can influence short‑term market reactions and planning.
Revenue $21.7 million Up 407% from $4.3 million in fiscal 2025
Net loss attributable to common stockholders $73.4 million Widened from $46.8 million in fiscal 2025
Adjusted gross profit (non-GAAP) $1.7 million Improved from an adjusted gross loss of $6.2 million in 2025
Cash and cash equivalents $49.5 million Increased from $7.5 million at June 30, 2025
Total assets $132.8 million Increased from $84.5 million at June 30, 2025

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did ABAT’s revenue change in fiscal year 2026?

ABAT’s revenue increased to $21.7 million for the year ended June 30, 2026, up from $4.3 million in fiscal 2025, representing 407% year-over-year growth driven by ramp-up of its first commercial lithium-ion battery recycling facility and growing demand for recycled materials.

Did ABAT achieve profitability on a gross or adjusted basis in FY 2026?

ABAT’s GAAP gross result was a $3.1 million loss, but adjusted gross profit (non-GAAP) was positive $1.7 million, compared with an adjusted gross loss of $6.2 million in FY 2025, reflecting improved operating efficiency and higher production volumes.

What was ABAT’s net loss and earnings per share for FY 2026?

For the fiscal year ended June 30, 2026, ABAT reported a net loss attributable to common stockholders of $73.4 million, compared with $46.8 million in the prior year. Net loss per share, basic and diluted, was $0.58 in both periods, with a higher share count in 2026.

How strong was ABAT’s balance sheet at June 30, 2026?

At June 30, 2026, ABAT reported cash and cash equivalents of $49.5 million versus $7.5 million a year earlier, total assets of $132.8 million versus $84.5 million, and no outstanding debt, indicating materially improved liquidity and a deleveraged capital structure.

How many ABAT shares were outstanding at the end of FY 2026?

As of June 30, 2026, ABAT had 141,541,493 common shares issued and outstanding, compared with 97,398,519 common shares as of June 30, 2025, reflecting a substantial increase in equity issued over the year.

What are the key milestones at ABAT’s Tonopah Flats Lithium Project (TFLP)?

ABAT published a Pre-Feasibility Study for TFLP detailing approximately 21.3 million tonnes of lithium hydroxide monohydrate resource, including 2.7 million tonnes of proven and probable reserves, completed NEPA baseline studies, and secured reinstatement of a $57.7 million DOE cooperative agreement.

What major grants or project opportunities did ABAT highlight?

ABAT cited a competitively awarded $150 million U.S. Department of Energy grant supporting its second recycling facility, a reinstated $57.7 million DOE cooperative agreement for its lithium hydroxide refinery, and an estimated $30 million project opportunity to recycle batteries from a large U.S. cleanup project.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0001576873 0001576873 2026-09-14 2026-09-14 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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 14, 2026

 

AMERICAN BATTERY TECHNOLOGY COMPANY
(Exact name of registrant as specified in its charter)

 

Nevada   001-41811   33-1227980
(State or other jurisdiction of   (Commission   (IRS Employer
incorporation or organization)   File No.)   Identification Number)

 

100 Washington Street, Suite 100

Reno, NV

  89503
(Address of principal executive offices)   (Zip Code)

 

(775) 473-4744

(Registrant’s telephone number including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
Common Stock, $0.001 par value   ABAT   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 
 

 

Item 2.02 Results of Operations and Financial Condition.

 

On September 14, 2026, American Battery Technology Company (the “Company”) posted an investor presentation to its website used in an earnings call pertaining to the financial results for the fiscal year ended June 30, 2026. On September 14, 2026, the Company issued a press release relating to the Company’s financial results for the fiscal year ended June 30, 2026. The presentation and the press release are furnished hereto as Exhibit 99.1 and Exhibit 99.2, respectively.

 

The information in this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit Number   Description of Exhibit
     
99.1   Investor Presentation, dated September 14, 2026
99.2   Press Release, dated September 14, 2026
104   Cover Page Interactive Data File. The cover page XBRL tags are embedded within the inline XBRL document (contained in Exhibit 101)

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  AMERICAN BATTERY TECHNOLOGY COMPANY
     
Date: September 16, 2026 By: /s/ Ryan Melsert
    Ryan Melsert
    Chief Executive Officer

 

 

 

 

Exhibit 99.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 

 

Exhibit 99.2

 

 

American Battery Technology Company Reports FY 26 Financial Results, Delivering 407% Revenue Growth and Positive Adjusted Gross Profit

 

Revenue Increased Year-Over-Year to $21.7 Million and Adjusted Gross Profit Turned Positive, Marking a Key Milestone in the Scale-Up of America’s Domestic Critical Mineral Manufacturing Industry

 

Reno, Nev., September 14, 2026American Battery Technology Company (NASDAQ: ABAT), an integrated domestic critical mineral manufacturing company that is commercializing its internally-developed technologies for both primary critical mineral manufacturing and secondary critical mineral recycling, announced financial results for the fiscal year ended June 30, 2026.

 

Fiscal year 2026 marked a transformational milestone for American Battery Technology Company (ABTC) as it delivered record annual revenue, achieved positive adjusted gross margin, strengthened its balance sheet, and continued advancing its domestic critical mineral recycling and lithium manufacturing initiatives. As the strongest financial results in the company’s history, these achievements represent an important milestone in the continued expansion of America’s domestic critical mineral manufacturing industry and underscore the increasing role of critical mineral recycling in building a resilient U.S. battery supply chain.

 

“Fiscal 2026 was a defining year for American Battery Technology Company as we delivered the strongest financial results in our company’s history while continuing to expand America’s domestic critical minerals infrastructure,” stated Ryan Melsert, American Battery Technology Company CEO. “These achievements demonstrate our continued success in increasing production volumes, improving operating economics, and scaling a critical domestic source of battery materials. With our growing first recycling facility, development of our second commercial recycling facility, and continued advancement of our Tonopah Flats Lithium Project, we are executing a uniquely integrated strategy that combines battery recycling, domestic critical mineral resource development, and advanced critical mineral processing technologies.”

 

Fiscal Year 2026 Financial Highlights:

 

Revenue increased 407% to $21.7 million, compared to $4.3 million in fiscal year 2025, driven by increased recycling facility throughput, increased production of byproducts, and improved product pricing

 

 
 

 

While Revenue grew 407%, cost of goods sold increased by only 67% to $24.8 million, compared to $14.9 million in fiscal year 2025, reflecting the implementation of numerous facility-wide operational efficiencies
   
Adjusted gross profit (non-GAAP), with the removal of non-cash expenses, improved to positive $1.7 million, compared to an adjusted gross loss of $6.2 million in fiscal year 2025, demonstrating substantially improved operating economics as production volumes increased and operational efficiencies were implemented
   
Cash balance increased to $49.5 million as of June 30, 2026, compared to $7.5 million as of June 30, 2025
   
Total assets increased to $132.8 million, compared to $84.5 million as of June 30, 2025
   
The company ended fiscal year 2026 with no outstanding debt

 

A reconciliation of cost of goods sold to cash cost of goods sold and adjusted gross margin (both are non-GAAP measures) is as follows:

 

Description 

Amount ($M)

Fiscal Year 2026

  

Amount ($M)

Fiscal Year 2025

 
Revenue  $21.7   $4.3 
Cost of goods sold  $24.8   $14.9 
Gross profit (loss)  $(3.1)  $(10.6)

 

Description 

Amount ($M)

Fiscal Year 2026

  

Amount ($M)

Fiscal Year 2025

 
Revenue  $21.7   $4.3 
Cost of goods sold (GAAP)  $24.8   $14.9 
Less: depreciation expense  $(3.7)  $(3.6)
Less: stock-based compensation  $(1.1)  $(0.8)
Cash cost of goods sold (non-GAAP)  $20.0   $10.5 
Adjusted gross profit (loss) (non-GAAP)  $1.7   $(6.2)

 

Management uses certain non-GAAP metrics to evaluate our operating and financial results. We believe the presentation of non-GAAP results is useful to investors for analyzing business trends as well as to view the results from management’s perspective. Non-GAAP cost of goods sold excludes certain non-cash charges including depreciation expense and stock-based compensation. Non-GAAP results have limitations as an analytical tool, and you should not consider them in isolation or as a substitute for our results reported under GAAP.

 

Critical Mineral Recycling: Commercial Scale Operations

 

Continued ramp-up of ABTC’s 20,000 tonnes per year first commercial-scale lithium-ion battery recycling facility, increasing processing rates and recycled critical mineral production throughout fiscal 2026.
   
Achieved record annual recycling revenue through increased throughput, manufacturing of byproducts, and growing commercial demand for recycled critical minerals.
   
Ramped manufacturing and sales of recycled products and byproducts derived from lithium-ion batteries from electric vehicles, consumer electronics, and grid-scale battery energy storage systems (BESS) supporting the proliferation of domestic data centers and artificial intelligence (AI) training models.

 

 
 

 

Achieved the company’s first-ever positive gross margin during fiscal 2026, demonstrating continued improvements in operational scale and manufacturing efficiency.
   
Selected to recycle batteries from the largest lithium-ion battery cleanup project in U.S. history, representing an estimated $30 million project opportunity and further validating the company’s commercial recycling capabilities.
   
Launched a landmark partnership with The Battery Network (formerly Call2Recycle), the nation’s leading consumer battery stewardship and collection organization, to expand lithium-ion battery collection and recycling infrastructure across the United States and increase the domestic recovery of critical battery materials.
   
Advanced development for the company’s second commercial-scale battery recycling facility, designed to process approximately 100,000 tonnes of battery materials annually.
   
Continued progress under the company’s competitively awarded $150 million U.S. Department of Energy grant supporting construction of its second recycling facility.
   
Continued advancement of next-generation critical mineral processing technologies supported by a $10 million U.S. Department of Energy grant for commercial implementation and optimization activities.
   
Continued expanding domestic critical mineral manufacturing capabilities through a uniquely integrated strategy that combines battery recycling, domestic resource development, and advanced mineral processing technologies.

 

Tonopah Flats Lithium Project: Advancing Domestic Lithium Production:

 

Published a milestone Pre-Feasibility Study (PFS) for ABTC’s Tonopah Flats Lithium Project (TFLP), one of the largest identified lithium resources in the United States, detailing approximately 21.3 million tonnes of lithium hydroxide monohydrate resource, including 2.7 million tonnes classified as proven and probable reserves.
   
Continued advancement of domestic lithium claystone mine and refinery capable of producing approximately 30,000 tonnes per year of battery-grade lithium hydroxide.
   
Successfully secured reinstatement of the company’s $57.7 million U.S. Department of Energy cooperative agreement supporting construction of the first phase of its commercial-scale lithium hydroxide refinery.
   
Completed National Environmental Policy Act (NEPA) baseline studies for the Tonopah Flats Lithium Project, representing a significant milestone supporting federal permitting activities and advancement toward project commercialization.
   
Received certification from the U.S. Bureau of Land Management that the mine and refinery Plan of Operations for the TFLP has been accepted
   
Selected by President Trump’s National Energy Dominance Council (NEDC) and the FAST-41 Permitting Council for designation as a Priority Project for streamlined federal permitting activities.
   
Continued operation and optimization of the company’s integrated lithium hydroxide demonstration facility, producing battery-grade lithium hydroxide samples for customer evaluation and qualification activities.

 

 
 

 

Advanced development of one of the largest identified lithium resources in the United States to support the development of a secure, resilient, and domestically sourced critical minerals supply chain.

 

ABTC will host its FY 2026 earnings call on Monday, September 14, 2026 at 4:30 p.m. Eastern Time. View the Livestream webcast here. The press release, webcast replay, and presentation are available at https://investors.americanbatterytechnology.com.

 

About American Battery Technology Company

 

American Battery Technology Company (ABTC), headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries. Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.

 

Inferred Resource

 

Inferred Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. The level of geological uncertainty associated with an Inferred Mineral Resource is too high to apply relevant technical and economic factors likely to influence the prospects of economic extraction in a manner useful for evaluation of economic viability. Because an Inferred Mineral Resource has the lowest level of geological confidence of all mineral resources, which prevents the application of the modifying factors in a manner useful for evaluation of economic viability, an Inferred Mineral Resource may not be considered when assessing the economic viability of a mining project, and may not be converted to a mineral reserve.

 

Indicated Resource

 

Indicated Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of adequate geological evidence and sampling. The level of geological certainty associated with an Indicated Mineral Resource is sufficient to allow a qualified person to apply modifying factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Because an Indicated Mineral Resource has a lower level of confidence than the level of confidence of a Measured Mineral Resource, an Indicated Mineral Resource may only be converted to a Probable Mineral Reserve.

 

Measured Resource

 

Measured Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of conclusive geological evidence and sampling. The level of geological certainty associated with a Measured Mineral Resource is sufficient to allow a qualified person to apply modifying factors, as defined in this section, in sufficient detail to support detailed mine planning and final evaluation of the economic viability of the deposit. Because a Measured Mineral Resource has a higher level of confidence than the level of confidence of either an Indicated Mineral Resource or an Inferred Mineral Resource, a Measured Mineral Resource may be converted to a Proven Mineral Reserve or to a Probable Mineral Reserve.

 

Mineral Reserve

 

Mineral Reserve is an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project. More specifically, it is the economically mineable part of a measured or indicated mineral resource, which includes diluting materials and allowances for losses that may occur when the material is mined or extracted.

 

Probable Mineral Reserve

 

Probable Mineral Reserve is the economically mineable part of an indicated and, in some cases, a measured mineral resource.

 

 
 

 

Proven Mineral Reserve

 

Proven Mineral Reserve is the economically mineable part of a measured mineral resource and can only result from conversion of a measured mineral resource.

 

Pre-Feasibility Study

 

A Preliminary Feasibility Study (or Pre-Feasibility Study) is a comprehensive study of a range of options for the technical and economic viability of a mineral project that has advanced to a stage where a qualified person has determined (in the case of underground mining) a preferred mining method, or (in the case of surface mining) a pit configuration, and in all cases has determined an effective method of mineral processing and an effective plan to sell the product. A Pre-Feasibility Study includes a financial analysis based on reasonable assumptions, based on appropriate testing, about the modifying factors and the evaluation of any other relevant factors that are sufficient for a qualified person to determine if all or part of the Indicated and Measured Mineral Resources may be converted to mineral reserves at the time of reporting. The financial analysis must have the level of detail necessary to demonstrate, at the time of reporting, that extraction is economically viable. A Pre-Feasibility Study is less comprehensive and results in a lower confidence level than a feasibility study. A Pre-Feasibility Study is more comprehensive and results in a higher confidence level than an Initial Assessment.

 

Initial Assessment

 

An Initial Assessment is a preliminary technical and economic study of the economic potential of all or parts of mineralization to support the disclosure of mineral resources. The Initial Assessment must be prepared by a qualified person and must include appropriate assessments of reasonably assumed technical and economic factors, together with any other relevant operational factors, that are necessary to demonstrate at the time of reporting that there are reasonable prospects for economic extraction. An Initial Assessment is required for disclosure of mineral resources but cannot be used as the basis for disclosure of mineral reserves. An Initial Assessment is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied that would enable them to be classified as mineral reserves. There is no certainty that the economic results of an initial assessment will be realized. The mineral resource estimates presented in the ABTC Tonopah Flats Initial Assessment were performed by third-party, qualified person RESPEC, LLC and were classified by geological and quantitative confidence in accordance with the Securities and Exchange Commission (SEC) Regulation S-K 1300.

 

Forward-Looking Statements

 

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are “forward-looking statements.” Although the American Battery Technology Company’s (the “Company”) management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. Forward looking statements include, among other things, statements concerning: the impact of the Directors and our request for an exception, changes in government policy regarding critical minerals, and our ability to develop domestic sales channels of black mass; offtake agreements with customers; the Company’s future sales of products to customers, including the amounts, timing, and types of products included within those sales; potential loans, grants, and debt financing arrangements, including due diligence, the amount and type of debt, its syndication, and the schedule for closing; the scale of the battery recycling operations; the anticipated production from the integrated pilot facility; the scale, construction, and operation of the battery recycling operations, integrated pilot facility, Tonopah Flats Lithium Project, and commercial lithium mine and refinery; and the costs, schedules, production and economic projections associated with the foregoing. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, risks and uncertainties related to the Company’s ability to continue as a going concern; interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended June 30, 2026. The Company assumes no obligation to update any of the information contained or referenced in this press release.

 

###

 

American Battery Technology Company

 

Media Contact:

 

Tiffiany Moehring

tmoehring@batterymetals.com

720-254-1556

 

 
 

 

AMERICAN BATTERY TECHNOLOGY COMPANY

Consolidated Statements of Operations

 

   Fiscal year ended
June 30, 2026
   Fiscal year ended
June 30, 2025
 
         
Revenue  $21,741,726   $4,290,224 
Cost of goods sold   24,830,966    14,864,633 
Gross margin (loss)   (3,089,240)   (10,574,409)
           
General and administrative   51,632,213    21,151,445 
Research and development   17,871,542    8,470,161 
Exploration   2,114,995    1,827,314 
Total operating expenses   71,618,750    31,448,920 
           
Net loss before other income (expense)   (74,707,990)   (42,023,329)
           
Other income (expense)          
           
Interest income (expense)   980,685    (19,445)
Amortization and accretion of financing costs   (307,428)   (3,776,177)
Change in fair value of derivative liability   -    705,184 
Loss on debt extinguishment   -    (675,648)
Loss on private placement   -    (567,161)
Change in fair value of liability-classified financial instruments   -    875,100 
Credit loss on receivable pursuant to share purchase agreement (Tysadco)   -    (1,415,803)
Other income   655,712    134,654 
           
Total other income (expense)   1,328,969    (4,739,296)
           
Net loss attributable to common stockholders  $(73,379,021)  $(46,762,625)
           
Net loss per share, basic and diluted  $(0.58)  $(0.58)
           
Weighted average shares outstanding, basic and diluted   127,582,321    80,316,363 

 

 
 

 

AMERICAN BATTERY TECHNOLOGY COMPANY

Consolidated Balance Sheets

 

   June 30, 2026   June 30, 2025 
ASSETS          
           
Cash and cash equivalents  $49,519,474   $7,474,304 
Accounts receivable   6,952,929    2,799,603 
Inventory (Note 4)   584,763    408,147 
Grants receivable (Note 5)   217,771    244,238 
Other receivable   561,940    - 
Prepaid expenses and other   2,296,785    2,884,899 
Subscription receivable   -    925,077 
Restricted cash   800,000    5,000,000 
Assets held-for-sale (Note 7)   -    9,795,842 
           
Total current assets   60,933,662    29,532,110 
           
Property and equipment, net (Note 6)   57,294,191    45,469,853 
Mining properties (Note 8)   9,819,655    8,392,977 
Intangible assets (Note 9)   4,618,592    766,694 
Right-of-use asset (Note 12)   173,609    296,157 
           
Total assets  $132,839,709   $84,457,791 
           
LIABILITIES & STOCKHOLDERS’ EQUITY          
           
Current liabilities          
           
Accounts payable and accrued liabilities (Note 10)  $6,263,435   $5,822,987 
Operating lease liability   131,287    115,863 
Notes payable (Note 11)   -    7,729,755 
           
Total current liabilities   6,394,722    13,668,605 
           
Operating lease liability, long-term   58,876    190,163 
Total liabilities   6,453,598    13,858,768 
           
STOCKHOLDERS’ EQUITY          
           
Series A Preferred Stock Authorized: 33,334 preferred shares, par value of $0.001 per share; Issued and outstanding: nil preferred shares        
           
Series B Preferred Stock Authorized: 133,334 preferred shares, par value of $10.00 per share; Issued and outstanding: nil preferred shares        
           
Series C Preferred Stock Authorized: 66,667 preferred shares, par value of $10.00 per share; Issued and outstanding: nil preferred shares        
           
Series D Preferred Stock Authorized: 5 preferred shares, par value of $0.001 per share; Issued and outstanding: nil preferred shares        
           
           
Common Stock Authorized: 250,000,000 common shares, par value of $0.001 per share; Issued and outstanding: 141,541,493 and 97,398,519 common shares as of June 30, 2026 and June 30, 2025, respectively   141,541    97,396 
           
Additional paid-in capital   459,714,548    329,667,507 
Common stock issuable   -    925,077 
Accumulated deficit   (333,469,978)   (260,090,957)
           
Total stockholders’ equity   126,386,111    70,599,023 
           
Total liabilities and stockholders’ equity  $132,839,709   $84,457,791 

 

 

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