STOCK TITAN

American Battery Technology (NASDAQ: ABAT) jumps to record Q3 revenue but posts $33.8M loss

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

American Battery Technology Company reported record quarterly revenue of $7.8M for the third quarter of fiscal 2026, up 64% quarter-over-quarter, driven by ramp-up at its Nevada critical mineral recycling facility. Cost of goods sold rose only 11%, producing the company’s first-ever positive gross margin of $0.7M.

Despite this operational milestone, ABTC posted a net loss of $33.8M for the quarter and $53.4M for the nine months ended March 31, 2026. Cash increased to $37.7M and total stockholders’ equity to $112.8M, with notes payable reduced to zero. The Tonopah Flats Lithium Project advanced with a Pre-Feasibility Study outlining designed output of 30,000 tonnes per year of lithium hydroxide monohydrate, an after-tax NPV of $2.57B, and an IRR of 21.8%.

Positive

  • Record revenue and margin inflection: Q3 FY26 revenue reached $7.8M, a 64% quarter-over-quarter increase, while cost of goods sold rose only 11%, delivering the company’s first-ever positive gross margin of $0.7M and a $2.0M adjusted gross margin.
  • Balance sheet improvement and debt removal: Cash increased to $37.7M from $7.5M, total assets rose to $119.4M, stockholders’ equity climbed to $112.8M, and notes payable were reduced from $7.7M to zero, improving financial flexibility.
  • Tonopah Flats project economics: The Pre-Feasibility Study for the Tonopah Flats Lithium Project outlines designed output of 30,000 tonnes per year of lithium hydroxide monohydrate, an after-tax NPV at 8% of $2.57B, and a 21.8% IRR with competitive operating cost of $4,307 per tonne.

Negative

  • Large continuing losses: Despite achieving positive gross margin, ABTC reported a Q3 FY26 net loss of $33.8M and a nine-month net loss of $53.4M, reflecting high operating expenses and indicating that profitability at the company level remains distant.

Insights

ABTC hit its first positive gross margin but remains deeply loss-making.

American Battery Technology Company delivered strong top-line momentum, with Q3 FY26 revenue of $7.8M, a 64% quarter-over-quarter increase. Cost of goods sold rose only 11%, yielding the first positive gross margin of $0.7M and an adjusted gross margin of $2.0M on a non-GAAP basis.

However, operating expenses were heavy: general and administrative of $29.8M, research and development of $4.6M, and exploration costs of $0.7M drove a quarterly net loss of $33.8M and a nine-month loss of $53.4M. This indicates the business is still in an investment and scale-up phase, with profitability dependent on future cost discipline and further volume growth.

The balance sheet strengthened, with cash at $37.7M, total assets at $119.4M, and notes payable eliminated compared with $7.7M previously. The Tonopah Flats Lithium Project Pre-Feasibility Study outlines designed production of 30,000 tonnes per year of lithium hydroxide monohydrate, an after-tax NPV of $2.57B, and a 21.8% IRR, suggesting substantial long-term project potential if technical, permitting, and financing assumptions hold.

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, and exhibit attachments filed with this report.
Q3 FY26 revenue $7.8M Three months ended March 31, 2026; GAAP revenue $7,811,229
Quarter-over-quarter revenue growth 64% Revenue increase in Q3 FY26 versus prior quarter, driven by recycling ramp-up
Q3 FY26 gross margin $737,749 First-ever positive gross margin; revenue $7,811,229 minus cost of goods sold $7,073,480
Q3 FY26 net loss $33,836,197 Net loss for the three months ended March 31, 2026
Cash balance $37,685,027 Cash as of March 31, 2026; up from $7,474,304 at June 30, 2025
Total stockholders’ equity $112,754,766 Equity as of March 31, 2026; compared with $70,599,023 at June 30, 2025
Designed lithium hydroxide output 30,000 tonnes/year Tonopah Flats Lithium Project Pre-Feasibility Study design capacity
Tonopah Flats after-tax NPV and IRR $2.57B NPV, 21.8% IRR NPV at 8% discount rate and internal rate of return from Pre-Feasibility Study
Adjusted Gross Margin financial
"A reconciliation of cost of goods sold to cash-cost of goods sold (non-GAAP1) and revenue to adjusted gross margin"
Adjusted gross margin is a measure of how much profit a company makes from its sales after accounting for certain expenses or one-time costs, but before deducting other operating expenses. It helps investors see the company's core profitability more clearly by removing factors that might distort the usual profit picture, similar to a runner measuring their speed without considering obstacles or weather. This metric provides a clearer view of the company's ongoing financial health.
non-GAAP financial measures financial
"All adjusted measures are non-GAAP financial measures, as defined in Regulation G"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
Inferred Mineral Resource technical
"Inferred Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated"
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.
Pre-Feasibility Study technical
"A Preliminary Feasibility Study (or Pre-Feasibility Study) is a comprehensive study of a range of options"
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.
Net present value (NPV) financial
"After-tax NPV at 8% of $2.57 billion and IRR of 21.8%"
Net present value (NPV) measures the current worth of a series of future cash flows from an investment after subtracting the money put in today, using an interest rate to reflect time and risk. Investors use NPV to decide whether a project should go ahead: a positive NPV means the expected returns are worth more than the cost, like choosing between getting cash now or a bigger, but less valuable, pile of money later once you account for time and uncertainty.
Internal rate of return (IRR) financial
"After-tax NPV at 8% of $2.57 billion and IRR of 21.8%"
The internal rate of return (IRR) is the annualized percentage return that makes the total value of a project's or investment's future cash flows equal the amount invested today — in other words, the break-even interest rate for that investment. Investors use IRR like a single-number speedometer to compare opportunities: a higher IRR means a project is expected to generate a stronger annual return, helping decide which investments are likely more attractive relative to required returns or alternatives.
Revenue $7,811,229 64% quarter-over-quarter increase
Gross margin $737,749 Turned positive from prior losses
Net loss $33,836,197 Reflects high operating expenses
Cash $37,685,027 Up from $7,474,304 at June 30, 2025
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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): May 11, 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 May 11, 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 quarter ended March 31, 2026. On May 11, 2026, the Company issued a press release relating to the Company’s financial results for the fiscal quarter ended March 31, 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 May 11, 2026
99.2   Press Release, dated May 11, 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: May 12, 2026 By: /s/ Ryan Melsert
    Ryan Melsert
    Chief Executive Officer

 

 

 

 

Exhibit 99.1

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 

 

 

Exhibit 99.2

 

A picture containing font, graphics, logo, text

Description automatically generated

 

American Battery Technology Company Announces Record Breaking Revenue and First-Ever Positive Gross Margin in Third Quarter Fiscal 2026 Financial Results

 

Revenue growth of 64% quarter-over-quarter through ramp-up of critical mineral recycling facility, and significant advancements in development of critical mineral mine and refinery

 

Reno, Nev., May 11, 2026American Battery Technology Company (NASDAQ: ABAT), an integrated domestic critical mineral company that is commercializing its internally-developed technologies for both primary critical mineral manufacturing and secondary critical mineral recycling, released the financial results for the third quarter of fiscal year 2026 (FY26) ended on March 31, 2026.

 

Over the quarter, American Battery Technology Company (ABTC) significantly ramped and streamlined operations at its Nevada critical mineral recycling facility and achieved record breaking revenue with a 64% increase quarter-over-quarter, while cost of goods sold increased only 11% over the same period, and correspondingly the Company achieved its first-ever positive gross margin. This substantial growth in the throughput of its recycling facility has allowed ABTC to capitalize on strong market conditions and solidify itself as one of the dominant critical mineral recyclers in the United States.

 

Financial Highlights, Third Quarter of FY26:

 

  $7.8 million in Revenue, a 64% increase from the previous quarter

 

  And an additional $0.3 million income from interest for the quarter

 

  $7.1 million in Cost of Goods Sold, an 11% increase from the previous quarter

 

  $5.8 million cash cost of goods sold (non-GAAP1), with exclusion of non-cash expenses of depreciation and stock-based compensation

 

  $0.7 million in Gross Margin, ABTC’s first positive gross margin operations

 

  $2.0 million in Adjusted Gross Margin (non-GAAP1), with exclusion of non-cash expenses of depreciation and stock-based compensation

 

  $38.5 million cash, balance as of end of quarter

 

  Includes $37.7 million in unrestricted and $0.8 million in restricted cash

 

  $0.0 million debt, Company currently holds zero debt

 

“Demonstrating positive gross margin from operations is a major milestone that many growth companies never achieve and allows us to enable self-sustaining operations of our critical mineral recycling facility,” stated American Battery Technology Company CEO Ryan Melsert. “The gross profit generated by this facility provides additional resources as we continue to scale the operations at this first critical mineral recycling facility, construct and bring to operations our second recycling facility, and construct and ramp our critical mineral lithium mine and refinery to support the U.S. establishing dominance with a closed loop domestic critical mineral supply chain.”

 

 

 

 

A reconciliation of cost of goods sold to cash-cost of goods sold (non-GAAP1) and revenue to adjusted gross margin, for the three months ended March 31, 2026

 

Description  Amount ($M) 
Revenue   7.8 
Cost of Goods Sold   (7.1)
Gross Margin   0.7 

 

Description  Amount ($M) 
Revenue   7.8 
Cost of Goods Sold   (7.1)
Less: Depreciation Expense   (1.0)
Less: Stock-Based Compensation   (0.3)
Cash Cost of Goods Sold (non-GAAP1)   5.8 
Adjusted Gross Margin (non-GAAP1)   2.0 

 

Critical Mineral Recycling Highlights: Scaled and Streamlined Operations

 

  Significantly increased throughput and operational effectiveness of recycling operations, resulting in substantially increased revenue and only relatively lower increase in cost of goods sold
  Growth was fueled by increased processing of high-value recycled products from Battery Energy Storage Systems (BESS) supporting datacenters and artificial intelligence (AI) facilities, end-of-life electric and hybrid vehicles, and consumer electronics
  Continued innovation and cost-down optimizations drove improvements in gross margins and facility utilization
  As one of the few recyclers in the Western U.S capable of handling CERCLA-classified waste, ABTC’s Nevada lithium-ion battery recycling facility, permitted by the EPA in the spring of 2025 under CERCLA, has emerged as a critical revenue engine recovering valuable metals from high-demand, hard-to-recycle battery sources

 

 

Continued development of a second critical mineral recycling facility in the Southeast U.S., with plans to substantially scale capacity compared to company’s existing recycling plant in Nevada, positioning the company for expanded, matched-market impact
  The establishment of new supply chain partnerships with leading BESS facilities and automotive OEMs, providing near-term and long-term material flows to support the Company’s growing operations

 

 

 

 

Primary Lithium from Claystone Highlights: Accelerating a Domestic Supply Chain

 

  ABTC’s Tonopah Flats Lithium Project (TFLP), one of the largest lithium deposits in the U.S., continues to secure its position as a cornerstone of the domestic critical mineral supply chain to support demand and drive future growth
  ABTC has successfully advanced its claystone-to-lithium hydroxide demonstration plant and is now focused on scaling through construction of a full-scale commercial mine and refinery
  Designated as a Fast-41Transparency Covered Project under federal initiatives to boost and onshore domestic critical mineral supply, the TFLP benefits from streamlined federal permitting efforts, accelerating its path to commercialization of a new U.S. lithium resource and domestic production of critical mineral lithium hydroxide (LiOH)
  The Company achieved a critical milestone by completing and submitting all baseline studies for the National Environmental Policy Act (NEPA) review process, a two-year effort overseen by the Department of Interior’s Bureau of Land Management (BLM), involving over 40 regulatory agencies and stakeholders across 21 study areas

 

 

The Company has initiated its Definitive Feasibility Study, the final phase of engineering and financial analysis required to move the project into commercial production, with recommendations published in its October 2025 Pre-Feasibility Study (PFS) for its Tonopah Flats Lithium Project
  The PFS detailed the technical and financial roadmap for commercialization of this domestic-US critical mineral lithium mine and refinery, and supports the project’s robust economic potential and potential strategic importance:

 

  Designed production of 30,000 tonnes per year of lithium hydroxide monohydrate (LHM), with project economics calculated for a 45-year life-of-mine
  After-tax NPV at 8% of $2.57 billion and IRR of 21.8%, underscoring its financial viability
  Highly competitive production cost of $4,307 per tonne, representing a 9.2% reduction from the Company’s April 2024 Initial Assessment
  Total TFLP lithium resources (measured, indicated, and inferred) increased approximately 11% to 21.3 million tonnes LHM, and establishment of 2.73 million tonnes of proven (0.98) and probable (1.75) reserves, compared to April 2024 Initial Assessment

 

The company will host a listen-only earnings webcast today, Monday, May 11 at 4:30 p.m. ET. Those interested in viewing the livestream can visit: American Battery Technology Company Livestream FY26 Q3. The livestream replay and any related presentation will also be made available at www.americanbatterytechnology.com/events-presentations.

 

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: 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, 2025. The Company assumes no obligation to update any of the information contained or referenced in this press release.

 

1NON-GAAP FINANCIAL MEASURES

 

To supplement its financial information, the Company has presented, and/or may discuss on the conference call, adjusted measures. All adjusted measures are non-GAAP financial measures, as defined in Regulation G of the Securities Exchange Act of 1934, as amended. The Company reports its financial results in compliance with GAAP but believes that also discussing non-GAAP measures provides investors with (i) financial measures the Company uses in the management of its business and (ii) additional, meaningful comparisons of current results to prior periods’ results by excluding items that the Company does not believe reflect its fundamental business performance and are not representative or indicative of its results of operations. The quantitative reconciliations of non-GAAP measures to the most comparable GAAP measures are included in the accompanying schedules. Non-GAAP measures should not be considered a substitute for financial measures presented in accordance with GAAP.

 

###

 

American Battery Technology Company

Media Contact:

 

Tiffiany Moehring

tmoehring@batterymetals.com

720-254-1556

 

 

 

 

AMERICAN BATTERY TECHNOLOGY COMPANY

Unaudited Condensed Consolidated Statements of Operations

 

   Three months ended
March 31, 2026
   Three months ended
March 31, 2025
   Nine months ended
March 31, 2026
   Nine months ended
March 31, 2025
 
Revenue  $7,811,229   $979,977   $13,508,649   $1,514,377 
Cost of goods sold   7,073,480    3,669,937    17,886,919    9,518,321 
Gross margin (loss)   737,749    (2,689,960)   (4,378,270)   (8,003,944)
                     
Expenses:                    
General and administrative  $29,841,644   $3,665,608   $37,379,145   $16,348,471 
Research and development   4,644,759    3,252,929    11,160,033    8,204,929 
Exploration costs   657,021    1,036,584    1,496,072    1,691,659 
Total operating expenses   35,143,424    7,955,121    50,035,250    26,245,059 
                     
Net loss before other income (expense)   (34,405,675)   (10,645,081)   (54,413,520)   (34,249,003)
                     
Other income (expense)                    
Interest income (expense)   335,738    (8,393)   641,357    (12,371)
Amortization and accretion of financing costs   -    (886,020)   (307,428)   (2,790,566)
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 
Other income   233,740    43,547    662,856    123,443 
Total other income (expense)   569,478    (850,866)   996,785    (2,342,019)
                     
Net loss  $(33,836,197)  $(11,495,947)  $(53,416,735)  $(36,591,022)
                     
Net loss per share, basic and diluted  $(0.26)  $(0.14)  $(0.43)  $(0.48)
Weighted average shares outstanding   131,855,794    85,090,957    124,415,975    76,553,029 

 

 

 

 

AMERICAN BATTERY TECHNOLOGY COMPANY

Unaudited Condensed Consolidated Balance Sheets

 

   March 31, 2026   June 30, 2025 
ASSETS          
           
Cash  $37,685,027   $7,474,304 
Accounts receivable   7,774,982    2,799,603 
Inventories (Note 4)   846,603    408,147 
Grants receivable (Note 5)   -    244,238 
Prepaid expenses and other   2,556,902    2,884,899 
Subscription receivable   -    925,077 
Restricted cash   800,000    5,000,000 
Assets held-for-sale (Note 7)   3,752,344    9,795,842 
           
Total current assets   53,415,858    29,532,110 
           
Property and equipment, net (Note 6)   55,231,160    45,469,853 
Mining properties (Note 8)   9,710,716    8,392,977 
Intangible assets (Note 9)   866,248    766,694 
Right-of-use asset (Note 12)   204,246    296,157 
           
Total assets  $119,428,228   $84,457,791 
           
LIABILITIES & STOCKHOLDERS’ EQUITY          
           
Accounts payable and accrued liabilities (Note 10)  $6,452,873   $5,822,987 
Operating lease liability (Note 12)   127,315    115,863 
Notes payable (Note 11)   -    7,729,755 
           
Total current liabilities   6,580,188    13,668,605 
           
Operating lease liability, long-term   93,274    190,163 
           
Total liabilities   6,673,462    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: 132,271,860 and 97,398,519 common shares as of March 31, 2026 and June 30, 2025, respectively   132,271    97,396 
           
Additional paid-in capital   426,130,186    329,667,507 
Common stock issuable   -    925,077 
Accumulated deficit   (313,507,691)   (260,090,957)
           
Total stockholders’ equity   112,754,766    70,599,023 
           
Total liabilities and stockholders’ equity  $119,428,228   $84,457,791 

 

 

 

FAQ

How much revenue did American Battery Technology Company (ABAT) generate in Q3 FY26?

American Battery Technology Company generated about $7.8 million in revenue for the quarter ended March 31, 2026. This represented a 64% quarter-over-quarter increase, driven mainly by higher throughput and improved operations at its Nevada critical mineral recycling facility.

Did ABAT achieve positive gross margin in the latest quarter?

Yes. ABAT reported its first-ever positive gross margin in Q3 FY26. Revenue of about $7.8 million and cost of goods sold of about $7.1 million produced a gross margin of roughly $0.7 million, indicating operations covered direct production costs.

What was American Battery Technology Company’s net loss for Q3 FY26?

ABAT reported a net loss of approximately $33.8 million for the three months ended March 31, 2026. For the nine-month period, the net loss totaled about $53.4 million, reflecting significant general and administrative, research and development, and exploration expenses.

How strong is ABAT’s balance sheet after Q3 FY26?

At March 31, 2026, ABAT held $37.7 million in cash and total assets of about $119.4 million. Stockholders’ equity was roughly $112.8 million, and notes payable had been reduced to zero, compared with $7.7 million at June 30, 2025.

What are the key economics of ABAT’s Tonopah Flats Lithium Project?

The Pre-Feasibility Study for Tonopah Flats targets 30,000 tonnes per year of lithium hydroxide monohydrate production. It reports an after-tax NPV at 8% of $2.57 billion, an IRR of 21.8%, and an operating cost of about $4,307 per tonne.

How did ABAT’s operating expenses impact results in Q3 FY26?

Operating expenses were substantial, with $29.8 million in general and administrative costs, $4.6 million in research and development, and $0.7 million in exploration costs. These expenses outweighed the new gross profit and led to the $33.8 million quarterly net loss.

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