Group 1 - American Battery Technology Company (ABTC) has entered into securities purchase agreements with two institutional investors for the purchase and sale of 3,773,586 shares of its common stock and warrants to purchase an aggregate of 3,773,586 shares in a registered direct offering [4] - The offering price is set at $2.65 per share, with the last closing market price being $2.60 per share, and the warrants have an exercise price of $2.80 per share, exercisable immediately and expiring five years from the initial exercise date [4] - The gross proceeds from the offering are expected to be approximately $10 million before deducting fees and expenses, with the closing anticipated around December 27, 2024, subject to customary closing conditions [1] Group 2 - A shelf registration statement relating to the offering was declared effective by the SEC on June 24, 2024, and the offering will be made only by means of a base prospectus and accompanying prospectus supplement [5] - American Battery Technology Company is focused on commercializing technologies for primary battery minerals manufacturing and secondary lithium-ion battery recycling, aiming to meet the demand from electric vehicles, stationary storage, and consumer electronics industries [6] - The company is committed to a circular supply chain for battery metals and is continuously innovating to support the global transition to electrification and sustainable energy [6]

Company Overview - American Battery Technology Company (ABTC) is based in Reno, Nevada, and focuses on technologies for domestically manufactured and recycled battery metals, essential for electric vehicles, stationary storage, and consumer electronics [2] - The company is committed to a circular supply chain for battery metals and aims to innovate in battery metals technologies to support the transition to electrification and sustainable energy [2] Securities Offering - ABTC has entered into securities purchase agreements with two institutional investors for the purchase of 5,000,000 shares of common stock and warrants to purchase an additional 5,000,000 shares at a combined offering price of $1.00 per share [3] - The warrants have an exercise price of $1.10 per share, are immediately exercisable, and will expire five years from the initial exercise date [3] Financial Details - The gross proceeds from the offering are expected to be approximately $5 million before deducting placement agent fees and other estimated expenses, including a required 20% excess cash payment to existing debtholders [8] - The closing of the offering is anticipated to occur on or about December 23, 2024, subject to customary closing conditions [8] Regulatory Information - A shelf registration statement on Form S-3 relating to the offering was declared effective by the SEC on June 24, 2024, and a prospectus supplement will be filed with the SEC [6]

Company Overview - American Battery Technology Company (ABTC) is an integrated critical battery materials company specializing in primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling [1] - The company is headquartered in Reno, Nevada, and has developed first-of-kind technologies to unlock domestically manufactured and recycled battery metals [6] - ABTC is committed to creating a circular supply chain for battery metals, focusing on innovation and mastering new battery metals technologies to support the global transition to electrification and sustainable energy [6] Financing Activity - ABTC has entered into securities purchase agreements with two institutional investors for the purchase and sale of 5,000,000 shares of its common stock and warrants to purchase up to 5,000,000 shares of common stock [1] - The offering price is $1.00 per share and accompanying warrant, with warrants exercisable at $1.10 per share, immediately exercisable upon issuance, and expiring five years from the initial exercise date [1] - The gross proceeds from the offering are expected to be approximately $5 million before deducting placement agent fees and other estimated offering expenses [2] - A required 20% excess cash payment will be made to certain existing debtholders [2] - The closing of the offering is expected to occur on or about December 23, 2024, subject to customary closing conditions [2] - A G P/Alliance Global Partners is acting as the sole placement agent for the offering [3] Regulatory and Offering Details - A shelf registration statement on Form S-3 (File No 333-276329) relating to the offering was declared effective by the SEC on June 24, 2024 [4] - The offering will be made through a base prospectus and accompanying prospectus supplement, which will be filed with the SEC [4] - Electronic copies of the prospectus supplement will be available on the SEC's website or by contacting A G P/Alliance Global Partners [4]

Core Insights - American Battery Technology Company (ABTC) has been awarded a $144 million federal grant from the U.S. Department of Energy to support the construction of a new lithium-ion battery recycling facility, which will significantly expand its processing capacity by an additional 100,000 tonnes per year [1][6] - The new facility will be five times the throughput of the company's first recycling plant and will process materials from automotive OEMs, cell manufacturers, and community partners, producing battery-grade nickel, cobalt, manganese, and lithium hydroxide for the North American market [2][3] - The company has established a strategic partnership with BASF for the purchase of battery-grade metals, enhancing its supply chain and market reach [2] Company Operations - The second facility will utilize internally-developed recycling technologies that focus on strategic de-manufacturing and targeted chemical extraction, aiming for competitive costs and a low environmental footprint [3] - ABTC's internal teams, including members with experience from Tesla's Gigafactory, are instrumental in the commercialization of this new facility [3] Community Engagement and Job Creation - The construction of the new facility is expected to create 1,200 construction jobs and 300 operational jobs, emphasizing a community-driven engagement model [4] - The project aims to foster a sustainable circular manufacturing ecosystem that benefits local communities, particularly underserved areas [4] Strategic Partnerships - The project will involve multiple partners, including BASF, Siemens, Clemson University, and Argonne National Laboratory, to establish a robust commercial battery metals supply chain in North America [4] Future Outlook - The grant award is set to commence on January 1, 2025, marking a significant step in the company's growth and capacity expansion [6] - ABTC is committed to innovating and mastering new battery metals technologies to support the transition to electrification and sustainable energy [7]

Group 1 - The American Battery Technology Company (ABTC) is collaborating with public and private partners to develop a new U.S. energy manufacturing workforce focused on the electric vehicle (EV) circular supply chain [1][2] - ABTC has entered the U.S. Department of Energy's Battery Workforce Challenge and introduced a new 'Design for Recyclability' category for a collegiate and vocational engineering competition [2][3] - The competition involves twelve North American teams designing advanced lithium-ion battery packs for a Stellantis vehicle, emphasizing the importance of recyclability in battery design [3][6] Group 2 - ABTC's CEO highlighted the increasing complexity of battery pack designs and the need for strategic planning in battery demanufacturing to enhance recycling efficiency and reduce costs [4][5] - The 'Design for Recyclability' methodology aims to instill a closed-loop circular mindset in future battery engineers, promoting the use of sustainable materials and practices [6][8] - The Battery Workforce Challenge, sponsored by the U.S. Department of Energy and Stellantis, provides hands-on experiences for future engineers, focusing on lifecycle modeling and economic impacts [7][8] Group 3 - ABTC is committed to establishing regional workforce training hubs to address skill gaps in the EV and battery manufacturing sectors [8] - The company aims to unlock domestically manufactured and recycled battery metals to meet the growing demand from various industries, including electric vehicles and consumer electronics [10]

Core Insights - American Battery Technology Company (ABTC) reported its financial results for the first fiscal quarter of FY 2025, focusing on the commercialization of technologies for primary battery minerals manufacturing and lithium-ion battery recycling to establish a domestic supply chain in North America [1] Financial Performance - For the three months ended September 30, 2024, ABTC generated revenues of $202,000 from recycled product sales, with a non-GAAP cash cost of goods sold (COGS) amounting to $1.3 million [5] - Government grant reimbursements totaled $1.4 million for the same period, an increase from $0.5 million in the previous year, with $0.3 million offsetting fixed assets and $1.1 million offsetting research and development costs [7] - As of September 30, 2024, ABTC had $5.8 million in total cash on hand and utilized $5.6 million in cash for operations during the quarter, compared to $4.8 million in the same period of the prior year [7][8] Operational Developments - The company has ramped up operations at its first battery recycling facility near Reno, Nevada, and received a $150 million grant from the U.S. Department of Energy to support the construction of a second facility [2][6] - ABTC has manufactured additional battery-grade lithium hydroxide from its Nevada-based claystone material and is evaluating these products for long-term offtake for its commercial-scale lithium refinery [3] Financing Activities - In August 2023, ABTC entered into an agreement for the issuance of zero coupon convertible notes for up to $50 million, initially issuing $25 million, and has now announced an additional $12 million issuance [4]

Financial Performance - Revenue for the three months ended September 30, 2024, was $201,960, compared to $0 for the same period in 2023[11] - Gross loss for the period was $(2,340,681), with total operating expenses of $7,462,483, down from $8,017,770 in the prior year[11] - Net loss for the three months ended September 30, 2024, was $(11,694,569), compared to $(8,891,977) for the same period in 2023, reflecting an increase in losses[11] - The company reported a net loss of $11.7 million for the three months ended September 30, 2024, compared to a net loss of $8.9 million for the same period in 2023, representing a 31% increase in losses year-over-year[21] - Cash used in operating activities was $5.6 million for the three months ended September 30, 2024, compared to $4.8 million for the same period in 2023, indicating a 17% increase in cash outflow[21] - The company incurred a net loss of $11.8 million or $0.17 loss per share for the three months ended September 30, 2024, compared to a net loss of $8.9 million or $0.19 loss per share in the same period of 2023[142] - Operating expenses for the three months ended September 30, 2024, were $7.5 million, a decrease from $8.0 million in the same period of the prior year[137] Equity and Stockholder Information - Total stockholders' equity decreased to $59,344,596 as of September 30, 2024, down from $61,467,640 as of June 30, 2024[10] - Common shares issued increased to 73,342,037 as of September 30, 2024, from 64,061,763 as of June 30, 2024[10] - The weighted average shares outstanding increased to 69,519,432 for the quarter ended September 30, 2024, compared to 46,129,507 for the same period in 2023[11] - The total potentially dilutive shares outstanding increased to 16,061,307 from 9,807,025 in 2023, representing a growth of approximately 63%[103] - The Company issued 726,216 common shares in lieu of cash payment of $0.6 million, with a fair value of $0.7 million recorded in additional paid-in capital[100] Cash and Financing Activities - The company had a cash balance of $5.8 million as of September 30, 2024, with an accumulated deficit of $225 million[21] - The company generated $6.9 million in proceeds from the issuance of common shares through At-The-Market offerings during the quarter[21] - The Company entered into a Credit Agreement for up to $20 million, which included a $6 million term loan and $14 million in delayed draw term loan commitments[75] - The Company sold up to $51 million in senior secured convertible notes, with $25 million received to date and $22.2 million repaid[77] - As of September 30, 2024, the principal outstanding on the Notes was $2,883,333, with a net carrying value of $2,560,302 after accounting for debt discount and issuance costs[81] Research and Development - Research and development expenses for the quarter were $2,032,135, down from $3,613,852 in the same quarter of the previous year[11] - The company recognized $1.4 million of invoiced government funds as an offset to R&D costs during the period ended September 30, 2024[49] - The Company has been awarded a $2 million grant from the U.S. Advanced Battery Consortium to support the development of its integrated lithium-ion battery recycling facility[127] - An additional grant of $20 million from the U.S. Department of Energy under the Bipartisan Infrastructure Law will support the validation and deployment of advanced recycling technologies[127] Assets and Liabilities - As of September 30, 2024, the Company had a total property, plant, and equipment net value of $45.42 million, an increase from $46.31 million as of June 30, 2024[66] - The Company’s total accounts payable and accrued liabilities decreased to $7.40 million as of September 30, 2024, from $9.35 million as of June 30, 2024[74] - Current liabilities decreased to $10.0 million as of September 30, 2024, from $15.8 million at June 30, 2024[144] - Working capital improved to $5.5 million as of September 30, 2024, compared to $2.6 million at June 30, 2024[145] Internal Controls and Compliance - The company's disclosure controls and procedures were deemed ineffective as of September 30, 2024, due to material weaknesses identified[161] - Material weaknesses in internal control over financial reporting were noted, including insufficient personnel with appropriate technical expertise and lack of proper segregation of duties[165] - Remediation efforts included hiring a new corporate controller and a senior accountant to address internal control deficiencies, with expectations to remediate by the end of fiscal year 2025[167] - The Company is committed to ensuring effective internal control over financial reporting, although there is no assurance that material weaknesses will be fully remediated[168] Risks and Challenges - The company is assessing its ability to continue as a going concern, dependent on generating profits or obtaining financing[22] - The company faces significant risks in a competitive industry, particularly in battery recycling, where established companies may have more resources[177] - The market price of lithium-based products is highly volatile and influenced by factors beyond the company's control, affecting potential revenues[183] - The company has not yet achieved full commercialization, facing challenges such as significant capital requirements and accumulated losses[175] - The Company faces risks related to obtaining necessary environmental permits, which could delay operations and adversely affect financial results[191] - Changes in government regulations may impact project development, including laws related to environmental compliance and production restrictions[207] - The Company must comply with evolving environmental regulations, which may require stricter standards and could increase project costs[208] Grants and Tax Credits - Cumulative funds invoiced for the DOE grant related to lithium hydroxide refinery project total $2.5 million, representing 4% of total eligible reimbursements[53] - The Company has incurred qualifying expenditures for a tax credit of up to $19.5 million but will not recognize amounts until compliance assurance is met[55] - The Company has not incurred any qualifying expenditures towards an additional tax credit of up to $40.5 million as of September 30, 2024[56] - ABTC was awarded a $19.5 million tax credit and an additional $40.5 million tax credit to support its battery recycling facilities[131][132] Operational Developments - The company is focused on increasing domestic U.S. production of battery materials and developing new technologies for battery metal extraction and recycling[19] - The Company is advancing major lithium projects, which require significant time and resources, potentially straining managerial and human resources[189] - The Company is working on a $115 million project to design and construct a commercial-scale refinery to produce 30,000 MT of battery-grade lithium hydroxide per year[128] - The Company has been selected for a $150 million grant for the construction of a new lithium-ion battery recycling facility[57] - ABTC completed the construction and commissioning of its lithium hydroxide pilot plant, supported by a $4.5 million grant from the U.S. Department of Energy[129] Miscellaneous - The Company recorded an impairment charge of $10.3 million on assets held-for-sale, which had a carrying amount of $18.6 million[67] - The Company recognized stock-based compensation expense of $3.2 million for the three months ended September 30, 2024, compared to $3.4 million in the same period of 2023[110] - The Company has approximately $8.5 million of unamortized expenses related to outstanding equity compensation awards to be recognized over a remaining weighted-average period of 2.6 years[111] - The Company issued 3,548,426 warrants during the three months ended September 30, 2024, with 898,426 of those purchased by employees[104] - The balance of warrants as of September 30, 2024, was 9,394,469, with a weighted average exercise price of $8.55 and an aggregate intrinsic value of $248,390[105]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Nevada 001-41811 33-1227980 (State or other jurisdiction of (Commission (IRS Employer incorporation or organization) File No.) Identification Number) 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 23, 2024 AMERICAN BATTERY TECHNOLOGY COMPANY (Exact name of registrant as specified in its charter) 100 Washington Street, Suite 100 Re ...

Achieves major milestone by generating first revenue from recycled lithium-ion battery products sold to domestic battery manufacturing supply chain RENO, Nev., Sept. 24, 2024 /PRNewswire/ -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, announced its fiscal year (FY) 2024 financial results for the 12 month ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE EXCHANGE ACT OF 1934 Commission File number: 000-55088 AMERICAN BATTERY TECHNOLOGY COMPANY (Exact name of registrant as specified in its charter) | --- | --- | |--------------------------------------------------|-------------------------| | Ne ...