American Battery Technology pany(ABAT) - 2025 Q2 - Quarterly Results

Financial Performance - ABTC reported revenue of $332,440 for the three months ended December 31, 2024, compared to$0 in the same period of the previous year [10]. - The net loss for the three months ended December 31, 2024, was $13,400,506, compared to a net loss of$10,177,859 for the same period in 2023 [10]. - Total operating expenses for the three months ended December 31, 2024, were $10,827,455, compared to$8,809,308 for the same period in 2023 [10]. - ABTC's accumulated deficit increased to $238,423,407 as of December 31, 2024, from$213,328,332 as of June 30, 2024 [12]. Cash and Assets - As of December 31, 2024, ABTC had total cash on hand of $20.6 million, including$15.6 million of available cash and $5 million of restricted cash [2]. - ABTC's total current assets increased to$30.5 million as of December 31, 2024, compared to $18.4 million as of June 30, 2024 [12]. Operational Developments - The company achieved a facility throughput in January 2025 that was over 225$144 million federal grant from the U.S. Department of Energy [2]. - The company is designing a commercial scale refinery with a capacity of 30,000 tonnes of lithium hydroxide per year, supported by a $57.7 million competitive grant from the U.S. DOE [7]. Government Grants - The company generated$2.3 million in government grant reimbursement for the six months ended December 31, 2024, up from $1.7 million in the same period of the prior year [2].