American Battery Technology Company 8-K Filings

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.

American Battery Technology Company (ABAT) reported unaudited preliminary results for the quarter ended June 30, 2026, highlighted by record quarterly revenue of $8.2 million and an 86% quarter-over-quarter increase in gross profit to $1.3 million, driven by higher throughput and operational efficiencies at its Nevada recycling facility. Cost of goods sold declined to $6.9 million from $7.1 million, improving margins.

The company also won an appeal with the U.S. Department of Energy, resulting in full reinstatement of a previously terminated $57 million grant supporting the planned $115 million first processing train at the Tonopah Flats Lithium Project. A prior Pre-Feasibility Study for Tonopah Flats outlined designed production of 30,000 tonnes per year of lithium hydroxide monohydrate over a 45-year life, with after-tax NPV (8%) of $2.57 billion and IRR of 21.8%.

Separately, a new federal Directive under the Defense Production Act requires U.S. producers to allocate 100% of black mass sales to U.S. persons from August 27, 2026, for about one year. Because sales of black mass constitute the majority of ABAT’s revenue and most customers are currently outside the United States, the company warns that inability to obtain an export exception could have a material adverse effect on revenue, results of operations, financial condition, cash flows, and its ability to fund operations and growth.

American Battery Technology Company approved new two-year employment agreements for its chief executive and technology officer Ryan Melsert, chief financial officer Alejandro Flores Arteaga, and chief operating officer Steven Wu, effective July 1, 2026. Melsert’s package includes a $475,000 salary, an annual cash bonus targeted at 75% of salary, $1,000,000 in restricted stock units, and options to purchase 3,000,000 shares at $2.76 per share. Flores Arteaga’s agreement provides a $280,000 salary, a 75%-of-salary target bonus, $500,000 in RSUs, and options for 1,000,000 shares at $2.76. Wu’s agreement includes a $350,000 salary, a 75%-of-salary target bonus, $750,000 in RSUs, and options for 1,500,000 shares at $2.76. RSUs and options for fiscal years 2027 and 2028 vest 1/16th quarterly beginning July 1, 2026 and July 1, 2027, with option expirations in 2036 and 2037, respectively.

American Battery Technology Company announced that the U.S. Department of Energy has rescinded a prior termination and reinstated its competitive grant supporting a $115,489,662 project to build a commercial-scale lithium hydroxide refinery at the Tonopah Flats Lithium Project.

Under the award, the DOE will fund $57,744,831 and the company will provide a matching $57,744,831 cost share. The modification realigns the overall project period to run from September 1, 2023 through December 31, 2029 with updated budget periods. The company states the grant was reinstated in full, with no change to funds, technical milestones, or commercial milestones, and an updated schedule reflecting the appeal review timeline.

American Battery Technology Company approved a special performance-based restricted stock unit award for CEO and CTO Ryan Melsert. The grant covers 2,200,000 restricted stock units, each convertible into one share under the 2021 Equity Incentive Plan, over a four-year performance period starting May 29, 2026.

The units are tied to five milestones, each worth 440,000 units: an average stock price of at least $10 over 60 trading days, at least $100 million in revenue and government contract reimbursements over four consecutive quarters, a positive NEPA Record of Decision for the Tonopah Flats Lithium Project, a positive internal financial investment decision or notice to proceed for that project, and a long-term offtake agreement of at least $50 million.

If all five milestones are achieved before the third anniversary of the grant date, Melsert can earn an additional 1,100,000 bonus units. Earned units vest pro rata over the four-year period, with accelerated vesting on certain terminations and upon qualifying change-in-control events, while unearned units are forfeited at the end of the performance period or on non-qualifying termination.

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%.

American Battery Technology Company reported record quarterly revenue as it ramped manufacturing and recycling operations. For the quarter ended December 31, 2025, revenue reached $4.76 million, more than a 1,300% year-over-year increase, while total operating expenses fell 24% compared with the prior-year quarter.

The company still posted a net loss of $9.28 million, but this narrowed from $13.40 million a year earlier. Cash rose sharply to $47.9 million from $7.47 million at June 30, 2025, aided by warrant exercises, leaving total liabilities at about $4.36 million and stockholders’ equity at $118.98 million.

American Battery Technology Company appointed Alejandro Flores Arteaga as Chief Financial Officer effective February 9, 2026, bringing over 20 years of global automotive and manufacturing finance experience. His offer includes a $280,000 base salary, a target cash bonus equal to 75% of salary, annual RSUs valued at $500,000, and $1,000,000 in warrants, all subject to performance milestones and vesting quarterly from his start date, with first-year amounts prorated.

Interim CFO Jesse Deutsch will retire on February 9, 2026 and receive a $50,000 cash bonus under a General Release Agreement. Chief Mineral Resource Officer Scott Jolcover will retire from his officer role on January 31, 2026 but continue as a consultant at up to $6,500 per month, with his unvested equity continuing to vest and one-year non-compete and non-solicit covenants after his consulting ends. The company also amended CEO Ryan Melsert’s and COO Steven Wu’s offer letters to set detailed performance-based milestone criteria for their fiscal 2026 bonus equity compensation.

American Battery Technology Company reported the results of its 2025 annual meeting of shareholders. Holders of 67,552,732 shares of common stock were present virtually or by proxy, out of 118,046,888 shares issued, outstanding and entitled to vote as of September 15, 2025, establishing a quorum. Shareholders cast votes on the election of directors, with individual nominees receiving between approximately 18.3 million and 24.1 million votes for and corresponding votes withheld, alongside broker non-votes of 42,664,140 for each nominee. Shareholders also voted on an additional proposal, which received 66,024,689 votes for, 738,289 votes against, and 789,754 abstentions. The company also made its annual meeting presentation available as Exhibit 99.1 and on its website.

American Battery Technology Company entered into a Recycling/Reclamation Services Agreement (Moss Landing Amendment 2) with Veolia ES Technical Solutions on November 5, 2025. Under the agreement, Veolia will deliver lithium‑ion battery products originating from the Moss Landing Battery Energy Storage System in Monterey County, California, and ABAT will acquire and provide recycling services for those materials under the oversight of the U.S. Environmental Protection Agency.

The company characterized this as a material definitive agreement and filed the full contract as Exhibit 10.1. The filing does not detail commercial terms within this excerpt, but it confirms ABAT’s role in processing materials from a high‑profile energy storage site.

American Battery Technology Company reported the completion of an S‑K 1300 Technical Report and Preliminary Feasibility Study (PFS) for its Tonopah Flats Lithium Project. The PFS, effective September 4, 2025, discloses mineral reserves and mineral resources and includes an economic assessment prepared by qualified persons from Barr Engineering, Woods Process Services, and Dahrouge Geologic Consulting.

The company furnished the full PFS as Exhibit 96.1 and a related press release as Exhibit 99.1, along with qualified person consents (Exhibits 23.1–23.3).

American Battery Technology Company reported that the U.S. Department of Energy terminated its Assistance Agreement for a $115,489,662 lithium hydroxide project, effective at the end of the budget period on August 31, 2025. The Grant had a DOE cost share of $57,744,831 matched by the Company. The Company submitted an appeal on October 10, 2025 and plans to pursue dispute resolution.

As of October 9, 2025, approximately $52 million of reimbursable DOE funds remained under the agreement, and year-to-date the Company has raised over $52 million from public markets. The Company states it intends to move forward with the project without impact to timeline or scope.

The Company also noted its Tonopah Lithium Flats Project remains a Transparency Priority Project under the National Energy Dominance Council and U.S. Federal Permitting Council, and is featured on the FAST-41 Permitting Dashboard. Separately, the Board approved bylaw amendments clarifying proxy voting, confirming employee-directors receive no additional director compensation, and aligning director removal voting standards with Nevada law, and approved updates to the Board Directors Code of Conduct.

American Battery Technology Company announced it has submitted baseline studies under the National Environmental Policy Act and a Mine Plan of Operations for its Tonopah Flats Lithium Project. The company disclosed this via a press release furnished as Exhibit 99.1 under Item 7.01 (Regulation FD Disclosure). The information is furnished and not deemed “filed” under the Exchange Act, nor incorporated by reference unless expressly stated.

American Battery Technology Company furnished an investor presentation related to its financial results for the fiscal year ended June 30, 2025. The presentation was posted on the company’s website and is included as Exhibit 99.1 to this report.

The materials are being provided under rules governing current reports and are explicitly treated as “furnished” rather than “filed,” which means they are not subject to certain liability provisions of the securities laws unless specifically incorporated into another filing.

American Battery Technology Company filed a prospectus supplement covering an at-the-market offering of its common stock with an aggregate offering price of up to $50,000,000. The company may sell shares from time to time through Virtu Americas LLC under an existing ATM Sales Agreement first entered on April 3, 2024. A legal opinion from Holland & Hart LLP on the validity of the shares is included as an exhibit, confirming the shares may be issued in accordance with the agreement and the supplement.

American Battery Technology Company filed a current report to note that it has released its financial results. On September 18, 2025, the company issued a press release covering results for its fiscal quarter and full year ended June 30, 2025. That press release is included as Exhibit 99.1 to this report but is treated as furnished rather than filed, which limits certain legal liabilities. The filing itself does not detail the results, and primarily serves to formally alert investors that the full financial information is available in the accompanying press release.

American Battery Technology Company reported a planned board transition, with director Sherif Marakby resigning from the Board and its audit and governance committees effective September 15, 2025. His resignation aligns with the Board’s succession plan and is not due to any disagreement over the company’s operations, policies, or practices.

The Board appointed Lavanya Balakrishnan as a new director effective September 16, 2025, and named her to the audit, compensation, and corporate governance and nominating committees. Under a director agreement effective on that date, she will receive $25,000 per year in cash, plus eligibility for annual RSU awards valued at $150,000, both paid quarterly in arrears and subject to vesting after her first-year anniversary. In a change in control, she is eligible for additional RSUs valued at $75,000, and she may elect to receive her compensation in RSUs instead of cash.