UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter period ended December 31, 2022 ☐ 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) Nevada 33-1227980 (State or other jurisdiction (I.R.S. Employer of incorporation or org ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter period ended September 30, 2022 ☐ 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) | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

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, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE EXCHANGE ACT OF 1934 Commission File number: 000-55088 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------|-------|------------|-------|-------|-------|--------- ...

[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Unaudited financial statements for March 31, 2022, reflect significant asset growth, a reduced net loss, and substantial cash inflow from financing activities [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2022, total assets significantly increased to $56.6 million, driven by higher cash and property, with equity rising to $52.7 million from financing Condensed Consolidated Balance Sheet Highlights (Unaudited) | Account | March 31, 2022 | June 30, 2021 | | :--- | :--- | :--- | | **Assets** | | | | Cash | $36,323,316 | $12,843,502 | | Total current assets | $36,768,869 | $14,135,718 | | Property and equipment, net | $15,741,458 | $5,484,225 | | **Total assets** | **$56,599,686** | **$21,263,103** | | **Liabilities & Equity** | | | | Total current liabilities | $3,734,222 | $1,822,498 | | **Total liabilities** | **$3,938,303** | **$1,822,498** | | **Total stockholders' equity** | **$52,661,383** | **$19,440,605** | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the nine months ended March 31, 2022, net loss decreased to $26.7 million, primarily due to lower operating expenses and a positive swing in other income Statement of Operations Summary (Unaudited) | Metric | Nine Months Ended Mar 31, 2022 | Nine Months Ended Mar 31, 2021 | | :--- | :--- | :--- | | Total operating expenses | $26,927,975 | $31,837,067 | | Net loss attributable to stockholders | $(26,689,316) | $(36,127,295) | | Net loss per share, basic and diluted | $(0.04) | $(0.08) | | Weighted average shares outstanding | 619,973,643 | 476,505,278 | [Condensed Consolidated Statements of Stockholders' Equity](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders%27%20Equity) Stockholders' equity significantly increased to $52.7 million by March 31, 2022, driven by a $36.9 million private placement and conversion/redemption of all preferred stock - Total stockholders' equity increased to **$52,661,383** as of March 31, 2022, up from **$19,440,605** at June 30, 2021[30](index=30&type=chunk)[31](index=31&type=chunk) - During the nine months ended March 31, 2022, all **207,700** outstanding shares of Series C Preferred Stock were converted into **16,616,000** shares of common stock[30](index=30&type=chunk)[64](index=64&type=chunk) - All **500,000** shares of Series A Preferred Stock were redeemed during the period[23](index=23&type=chunk)[31](index=31&type=chunk)[62](index=62&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the nine months ended March 31, 2022, cash used in operations and investing increased, offset by $41.7 million from financing, resulting in a $36.3 million ending cash balance Cash Flow Summary (Unaudited, for the nine months ended March 31) | Cash Flow Activity | 2022 | 2021 | | :--- | :--- | :--- | | Net Cash Used in Operating Activities | $(7,261,200) | $(5,240,504) | | Net Cash Used In Investing Activities | $(10,978,692) | $(1,724,380) | | Net Cash Provided by Financing Activities | $41,719,706 | $13,084,229 | | **Change in Cash** | **$23,479,814** | **$6,119,345** | | **Cash – End of Period** | **$36,323,316** | **$6,949,269** | [Notes to the Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the company's startup status, battery materials strategy, sufficient capital, a $36.9 million private placement, preferred stock conversion, and significant investments - The company is a startup in the lithium-ion battery industry with no revenue generated to date. Management believes current cash holdings are sufficient to fund operations for at least one year[37](index=37&type=chunk)[38](index=38&type=chunk)[40](index=40&type=chunk) - All outstanding Series A and Series C preferred shares were redeemed or converted into common stock as of March 31, 2022[62](index=62&type=chunk)[64](index=64&type=chunk)[65](index=65&type=chunk) - The company issued **25,389,611** units in a private placement for net proceeds of **$36.9 million**. Each unit consists of one common share and one warrant[67](index=67&type=chunk)[100](index=100&type=chunk) - As of March 31, 2022, the company had **41,210,611** share purchase warrants outstanding with a weighted average exercise price of **$1.18**[76](index=76&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=22&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's three-pronged battery material strategy, prioritizing recycling facility construction, highlighting a strong cash position, reduced operating expenses, and improved net loss - ABTC's strategy is a three-pronged approach: exploring new primary resources, developing new extraction technologies, and commercializing an integrated process for recycling lithium-ion batteries[86](index=86&type=chunk) - The company's highest priority is the construction, commissioning, and operation of its first integrated lithium-ion battery recycling facility[87](index=87&type=chunk) Financial Highlights (Nine Months Ended March 31, 2022) | Metric | Value | Change (YoY) | | :--- | :--- | :--- | | Cash | $36.3 million | - | | Cash provided by financing | $41.7 million | - | | Cash used for investing (property, construction, etc.) | $11.0 million | - | | Cash used in operations | $7.3 million | +39% | | Total operating costs | $26.9 million | -15% | - The company secured net proceeds of **$36.9 million** from a registered direct offering to fund the construction of its battery recycling pilot plant and other operations[100](index=100&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=25&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) This section is not applicable for the company as a smaller reporting entity - As a smaller reporting company, quantitative and qualitative disclosures about market risk are not required and have not been provided[104](index=104&type=chunk)[120](index=120&type=chunk) [Item 4. Controls and Procedures](index=25&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal control over financial reporting were ineffective due to material weaknesses, with a remediation plan underway - Management concluded that disclosure controls and procedures were not effective as of March 31, 2022[105](index=105&type=chunk) - A material weakness was identified in internal control over financial reporting due to: inadequate documentation, lack of supervision and review of complex accounting, and improper segregation of duties[109](index=109&type=chunk) - The company has a remediation plan that includes hiring more personnel, implementing a new ERP system, providing training, and developing more detailed policies and procedures[111](index=111&type=chunk) [PART II. OTHER INFORMATION](index=28&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=28&type=section&id=Item%201.%20Legal%20Proceedings) The company is in ongoing litigation with its former CEO, Craig Alford, regarding fraudulently issued shares and related claims, with settlement negotiations underway - The company is in ongoing litigation with former CEO Craig Alford concerning the alleged fraudulent issuance of **16 million** common shares[116](index=116&type=chunk) - A related complaint was filed by Alford for the company's failure to remove a restricted legend from **4,000,000** common shares. Litigation in both matters is on hold pending settlement negotiations[117](index=117&type=chunk) [Item 1A. Risk Factors](index=28&type=section&id=Item%201A.%20Risk%20Factors) As a smaller reporting company, detailed risk factors are not required, though the indeterminable impact of the COVID-19 pandemic is noted - The company is a smaller reporting company and is not required to provide detailed risk factors[120](index=120&type=chunk) - The company notes that the COVID-19 pandemic has adversely affected workforces and economies, and its impact on the company is not currently determinable[121](index=121&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=28&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the nine months ended March 31, 2022, the company issued common shares in unregistered transactions, including warrant exercises and shares for services valued at $18.1 million - Issued **13,128,728** common shares for services with a fair value of **$18,086,443**[124](index=124&type=chunk) - Issued **12,500,000** common shares from the cash exercise of warrants, yielding proceeds of **$956,250**[122](index=122&type=chunk) [Item 3. Defaults Upon Senior Securities](index=28&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reports no defaults upon senior securities - None[126](index=126&type=chunk) [Item 4. Mine Safety Disclosure](index=28&type=section&id=Item%204.%20Mine%20Safety%20Disclosure) This section is not applicable - Not Applicable[126](index=126&type=chunk) [Item 5. Other Information](index=28&type=section&id=Item%205.%20Other%20Information) The company reports no other information - None[126](index=126&type=chunk) [Item 6. Exhibits](index=29&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Quarterly Report, including CEO and CFO certifications and Inline XBRL data files - The report includes CEO and CFO certifications and Inline XBRL documents as exhibits[127](index=127&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ Large-accelerated filer ☐ Accelerated filer ☒ Non-accelerated filer ☒ Smaller reporting company ☐ Emerging growth company FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter period ended December 31, 2021 ☐ 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 reg ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter period ended September 30, 2020 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE EXCHANGE ACT OF 1934 Commission File number: 000-55088 AMERICAN BATTERY METALS CORPORATION (Exact name of registrant as specified in its charter) | --- | |------------------------------------| | | | | | Nevada | | (State or othe ...