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American Battery Technology Company Awarded Collaborative Agreement with Argonne National Laboratory ReCell Center to Advance Novel Lithium Manufacturing Technologies
GlobeNewswire News Room· 2025-07-15 12:20
Core Insights - American Battery Technology Company (ABTC) has been awarded a $1 million agreement by the U.S. Department of Energy's Argonne National Laboratory to support the commercialization of its lithium hydroxide manufacturing technology [1][8] - The company aims to develop advanced critical mineral manufacturing technologies that reduce operational costs and environmental impact compared to conventional lithium production methods [2][3] Group 1: Technology Development - ABTC is focused on creating a new generation of lithium hydroxide production technologies that do not rely on large-scale chemical agents, thus minimizing waste and costs [3][6] - The collaboration with Argonne will utilize advanced imaging and characterization techniques to assess the performance of ABTC's electrochemical conversion systems over time [4][5] Group 2: Strategic Partnerships - The partnership with Argonne is part of a broader strategy to enhance domestic critical mineral production, thereby reducing reliance on foreign supply chains and bolstering U.S. energy security [7][8] - ABTC is also engaged in projects with other U.S. Department of Energy National Laboratories, including Idaho National Laboratory and National Renewable Energy Laboratory, to further its goals in battery metal acquisition [7][8] Group 3: Company Overview - ABTC is headquartered in Reno, Nevada, and specializes in technologies for the domestic manufacturing and recycling of battery metals, addressing the growing demand from electric vehicles and other industries [9]
American Battery Technology: Should Power Up From Here, But Wear A Seatbelt
Seeking Alpha· 2025-07-08 15:55
Core Insights - The article discusses the author's extensive experience in executive management, particularly in the insurance and reinsurance sectors, as well as knowledge of global and Asia Pacific markets, climate change, and ESG [1]. Group 1 - The author has 36 years of experience in executive management, focusing on economic development [1]. - The author possesses extensive knowledge in insurance and reinsurance markets [1]. - The author emphasizes the importance of climate change and ESG in current market dynamics [1].
American Battery Technology Company’s Tonopah Flats Lithium Project Selected by Trump Administration for Fast-Track Permitting as Critical Mineral Priority Project
Globenewswire· 2025-06-30 13:37
Core Points - The American Battery Technology Company's (ABTC) Tonopah Flats Lithium Project has been designated as a FAST-41 Transparency Project by the U.S. Permitting Council, highlighting its importance in advancing domestic lithium production and supporting U.S. energy independence [1][2][3] - The project is located in central Nevada and is recognized as one of the largest identified claystone resource deposits in the United States, essential for onshoring battery-grade lithium [2][3] - ABTC has successfully demonstrated its critical mineral processing technologies at pilot scale, producing battery-grade lithium hydroxide from claystone [1][7] Project Significance - The designation as a Priority Project facilitates coordination and fast-tracking of permitting efforts with multiple federal agencies, which is crucial for the project's development [2][3] - The project has received a $58 million grant from the U.S. Department of Energy to support its first phase and a Letter of Interest for $900 million in financing from the Export-Import Bank of the United States [3][4] Strategic Alignment - The Tonopah Flats Project aligns with the EXIM's "Make More in America" initiative, which aims to enhance U.S. competitiveness in critical mineral manufacturing against international competition, particularly from China [4][5] - The project supports President Trump's Executive Order aimed at increasing American mineral production, which directs federal agencies to expedite permitting and funding for domestic critical mineral projects [5] Technological Advancements - ABTC has developed low-cost and low-impact technologies to extract lithium from unconventional claystone resources, addressing the U.S.'s lack of conventional lithium sources [8] - The company aims to manufacture 30,000 metric tons of lithium hydroxide annually at its planned commercial-scale refinery, leveraging the success of its pilot operations [7][9] Industry Context - The Tonopah Flats Lithium Project is positioned to play a pivotal role in meeting the growing U.S. demand for domestically produced critical minerals, which are essential for various applications including electric vehicles and energy storage [2][9] - The project underscores the importance of innovation and environmentally responsible practices in strengthening the domestic critical mineral supply chain [9]
American Battery Technology Company Selected for Addition to Russell 2000® and Russell 3000® Indexes
Globenewswire· 2025-06-27 18:07
Reno, Nev., June 27, 2025 (GLOBE NEWSWIRE) -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery minerals company that is commercializing its first-of-kind technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, announced that it has been added to the broad-market Russell 3000® Index as part of the 2025 Russell indexes annual reconstitution, according to multiple posts made by FTSE Russell beginning on May 23, ...
American Battery Technology Company Wins Prestigious Industry-Judged Global Voltas Award Presented by Fastmarkets for Pioneering Battery Recycling Innovations
Globenewswire· 2025-06-26 13:09
Core Viewpoint - American Battery Technology Company (ABTC) has been awarded the "Outstanding Contribution to Recycling & Reuse in Battery Materials" at the Fastmarkets Voltas Awards, highlighting its competitive edge in battery recycling technology and commitment to enhancing economic resilience and energy security in the U.S. [1][2][13] Group 1: Award Recognition - ABTC was recognized among 20 global competitors for its advancements in battery recycling technology [2][3] - The award emphasizes the company's role in reshaping the battery raw materials supply chain and promoting sustainability [2][12] Group 2: Technological Advancements - ABTC has developed innovative recycling technologies and launched commercial operations at its first lithium-ion battery recycling facility [3][6] - The facility employs a closed-loop system that minimizes waste, reduces water consumption, and limits air pollution [3][5] Group 3: Recycling Process - The recycling operation consists of two phases: demanufacturing and hydrometallurgy, producing valuable products such as copper, aluminum, and battery-grade lithium hydroxide [4][5] - This integrated process enhances recovery rates and reduces operating costs by removing impurities early in the recycling process [5] Group 4: Future Expansion - ABTC is constructing a second recycling facility designed to process 100,000 tonnes annually, increasing its recycling capacity fivefold [6] - This expansion is supported by a $144 million investment from the U.S. Department of Energy [6] Group 5: Workforce Development - The company collaborates with local universities to develop the workforce, preparing future engineers and scientists through internships and hands-on projects [7][11] - This initiative contributes to job creation and strengthens expertise in critical mineral manufacturing and recycling [10]
American Battery Technology pany(ABAT) - 2025 Q3 - Quarterly Results
2025-05-19 21:25
Financial Results - American Battery Technology Company reported financial results for the fiscal quarter ended March 31, 2025, during an earnings call on May 15, 2025[4]. - The company posted an investor presentation and a press release detailing its financial performance, which are available on its website[4]. - The earnings call highlighted key metrics and performance indicators, although specific financial figures were not disclosed in the provided content[4]. - The financial results and investor presentation are intended to provide insights into the company's operational performance and future outlook[4]. - The report does not include specific user data or future guidance in the provided content[4]. Company Classification and Compliance - The company is classified as an emerging growth company under the Securities Act of 1933[3]. - The company has not indicated any changes in its accounting standards compliance period[3]. Communication and Listing - The press release issued on May 16, 2025, is part of the company's ongoing communication strategy with investors[4]. - The company is listed on The Nasdaq Stock Market under the trading symbol ABAT[2]. Product and Market Information - There are no mentions of new products, technologies, market expansions, or mergers in the available information[4].
American Battery Technology Company Triples Quarterly Revenue as it Releases Third Quarter Fiscal Year 2025 Financial Report
GlobeNewswire News Room· 2025-05-16 13:52
Core Viewpoint - American Battery Technology Company (ABTC) has reported a significant increase in quarterly revenue, tripling its revenue in the third fiscal quarter of 2025, driven by advancements in battery recycling and lithium manufacturing technologies [1]. Battery Recycling Highlights - ABTC has implemented multi-shift, 24/7 operations at its battery recycling facility, more than doubling the mass of battery material recycled compared to the previous quarter [6]. - Total revenues from the sale of recycled battery materials reached $1.0 million, approximately tripling from the previous quarter [6]. Primary Lithium Manufacturing Highlights - ABTC has developed technologies for manufacturing lithium hydroxide from Nevada-based claystone and has constructed a pilot facility that successfully produced large quantities of lithium hydroxide during the reported quarter [6]. - The company is negotiating long-term commercial offtake agreements for the lithium hydroxide product, with a designed commercial scale lithium refinery planned to produce 30,000 tonnes per year [6]. Financial Highlights - Cash cost of goods sold for the quarter was $2.3 million, a slight increase from $2.1 million in the previous quarter, indicating a significant improvement in gross cash margin with revenue increasing by approximately 200% [6]. - Company reimbursements from government grants increased to $2.0 million, compared to $1.3 million during the same period of the prior year [7]. - As of March 31, 2025, the company had total cash on hand of $7.8 million, with $2.8 million available and $5 million restricted for compliance [7].
American Battery Technology pany(ABAT) - 2025 Q3 - Quarterly Report
2025-05-15 20:47
Revenue and Losses - Revenue for the three months ended March 31, 2025, was $979,977, compared to $0 for the same period in 2024, indicating a significant increase[12] - Net loss for the three months ended March 31, 2025, was $(11,495,947), compared to $(9,995,136) for the same period in 2024, representing an increase in losses[12] - For the nine months ended March 31, 2025, the company reported a net loss of $36.6 million, compared to a net loss of $29.1 million for the same period in 2024, indicating a 26% increase in losses year-over-year[21] - The company reported a net loss per share of $(0.14) for the three months ended March 31, 2025, compared to $(0.19) for the same period in 2024[12] Expenses and Financial Performance - Gross loss for the three months ended March 31, 2025, was $(2,689,960), while the gross loss for the nine months ended March 31, 2025, was $(8,003,944)[12] - Total operating expenses for the nine months ended March 31, 2025, were $26,245,059, compared to $25,433,780 for the same period in 2024, reflecting a slight increase[12] - The company incurred stock-based compensation expenses of $12.8 million for the nine months ended March 31, 2025, compared to $12.3 million in the same period of 2024[21] - Stock-based compensation expense for the period reached $6,330,914, contributing to the overall financial performance[15] Assets and Liabilities - Cash and cash equivalents as of March 31, 2025, were $2,849,257, down from $7,001,786 as of June 30, 2024[9] - Total current assets increased to $23,285,228 as of March 31, 2025, compared to $18,406,048 as of June 30, 2024[9] - Total liabilities decreased to $10,851,323 as of March 31, 2025, from $16,207,492 as of June 30, 2024[9] - Stockholders' equity increased to $65,605,927 as of March 31, 2025, compared to $61,467,640 as of June 30, 2024[9] Inventory and Production - As of March 31, 2025, the total inventory was $252,945,000, an increase from $154,320,000 as of June 30, 2024, representing a growth of 63.9%[49] - The cost of goods sold for the three months ended March 31, 2025, was $3.7 million, significantly exceeding the related revenue, attributed to the depreciation of fixed assets and production process finalization[36] - The Company expects the high cost of goods sold to continue rising but to decrease as a percentage of revenue as production scales and efficiencies are gained[36] Financing and Capital Structure - The company issued 8,773,586 common shares and warrants pursuant to registered direct offerings, raising $13,911,000[16] - The company completed an At-The-Market offering, resulting in the issuance of 5,938,786 shares, raising $6,327,168[15] - The Company’s shareholders approved an increase in authorized shares from 80 million to 250 million, allowing for the reclassification of derivative liabilities totaling $2.1 million to additional paid-in capital[62] - The Company has authorized a total of 250,000,000 shares of common stock as of March 31, 2025, following an amendment to increase the number of authorized shares[93] Grants and Tax Credits - The Company was awarded a tax credit of up to $40.5 million through the 48C program for a new battery recycling facility in the U.S.[56] - The Company received a grant award of $144 million from the U.S. DOE for the construction of a lithium-ion battery recycling facility, with cumulative funds invoiced totaling $0.2 million as of March 31, 2025, representing 0.2% of total eligible reimbursements[57] - The Company recognized $4.3 million of invoiced government funds as an offset to research and development costs during the nine months ended March 31, 2025[50] Operational Challenges and Future Outlook - The company has a significant reliance on obtaining debt or equity financing to continue operations, with substantial doubt regarding its ability to continue as a going concern for the next 12 months[25] - The company is focused on increasing domestic production of critical battery materials and developing new technologies for extraction and recycling of lithium-ion batteries[22] - The continuation of the company as a going concern is dependent on generating profit from operations and obtaining financing, with substantial doubt existing regarding its ability to continue for the next 12 months[25] Shareholder and Stock Activity - The weighted average shares outstanding increased to 85,090,957 for the three months ended March 31, 2025, from 51,993,863 for the same period in 2024[12] - The total unvested share awards as of March 31, 2025, were 7,816,136, with a weighted average grant date fair value of $2.18 per unit[110] - The Company issued 14,360,308 total warrants during the nine months ended March 31, 2025, including 3,548,426 warrants from a private placement[106] Depreciation and Impairment - The Company recognized a depreciation expense of $3.8 million for the nine months ended March 31, 2025, significantly higher than $121,075 in the previous year[21] - The Company recognized a depreciation expense of $1.2 million for the three months ended March 31, 2025, compared to $39,665 for the same period in 2024[65] - An impairment charge of $10.3 million was recorded on assets held-for-sale for the fiscal year ended June 30, 2024[67]
American Battery Technology Company Receives Letter of Interest from US EXIM Bank for $900 Million Financing for Tonopah Flats Lithium Project
Globenewswire· 2025-04-29 13:29
Core Points - American Battery Technology Company (ABTC) has received a Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM) for $900 million in financing to support the construction of a commercial-scale lithium mine and a lithium hydroxide refinery in Nevada [1][13][14] - The project aligns with EXIM's initiatives to promote domestic manufacturing of critical minerals and reduce reliance on foreign supply chains, particularly from China [2][14] - ABTC's lithium mine and refinery project is part of a broader U.S. government effort to increase domestic mineral production, as outlined in an Executive Order from March 2025 [3] Company Overview - ABTC is focused on commercializing technologies for primary battery minerals manufacturing and lithium-ion battery recycling [1][8] - The company has developed low-cost and low-impact technologies to extract lithium from unconventional claystone resources found in central Nevada [5][6] - ABTC has partnered with Black & Veatch for the design and construction of a 30,000 tonne per year lithium hydroxide refinery, which is based on one of the largest known lithium resources in the U.S. [4][13] Industry Context - The U.S. currently lacks large quantities of conventional lithium feedstock, which necessitates the development of alternative sources like the claystone in Nevada [5] - The demand for domestically produced lithium is critical for supporting the electric vehicle, stationary storage, and consumer electronics industries [8][6] - The EXIM Bank plays a vital role in supporting U.S. businesses by providing financing options to enhance competitiveness in global markets [9]
American Battery Technology Company Named "Recycling Technology Solution 2025" by CleanTech Breakthrough
Newsfilter· 2025-04-14 13:21
Core Insights - American Battery Technology Company (ABTC) has been awarded "Recycling Technology Solution of the Year" by CleanTech Breakthrough, recognizing its advancements in battery recycling technology and contributions to a circular supply chain for critical battery materials [1][2]. Company Achievements - ABTC's innovative "de-manufacturing" recycling process utilizes selective hydrometallurgical processing, allowing for high recovery rates of critical materials such as lithium, nickel, cobalt, manganese, copper, and aluminum [3][5]. - The company has transitioned from a commissioning phase to 24/7 operations, achieving significant milestones including sourcing large-scale batteries from automotive OEMs and producing low-impurity intermediate black mass material [4][6]. Technological Innovations - The strategic de-manufacturing recycling process is feedstock-agnostic, capable of processing various lithium-ion battery sizes and chemistries, producing recycled materials like copper, aluminum, steel, lithium intermediate, and black mass [3][5]. - ABTC's first commercial recycling facility commenced operations in 2023, featuring an internally-developed system to process lithium-ion batteries and produce intermediate materials [6][12]. Market Positioning - ABTC's technologies are designed to reduce reliance on imported critical materials while supporting a sustainable and circular supply chain, positioning the company as a leader in sustainable battery materials manufacturing [8][10]. - The establishment of the first North American commercial circular supply chain partnership with BASF aims to close the loop for lithium-ion batteries in North America [12]. Future Plans - ABTC secured a $144 million grant from the U.S. DOE in 2024 to construct a second commercial-scale lithium-ion battery recycling facility, which will increase processing capacity by 100,000 tonnes per year [12].