American Battery Technology Company Releases Second Quarter Fiscal Year 2025 Financial Report

Core Insights - American Battery Technology Company (ABTC) has reported significant advancements in its lithium-ion battery recycling facility and is developing two additional critical mineral facilities [1][3]. Financial Performance - For the three months ending December 31, 2024, ABTC generated revenue of $332,000 from recycled products, with a cash cost of goods sold amounting to$2.1 million [5][9]. - The company reported a gross loss of $2.97 million for the quarter, with total operating expenses of$10.83 million [9]. - As of December 31, 2024, ABTC had total cash on hand of $20.6 million, including$15.6 million in available cash and $5 million in restricted cash [5][9]. Operational Highlights - ABTC achieved a facility throughput in January 2025 that was over 225$144 million federal grant from the U.S. Department of Energy [5][9]. - ABTC has developed technologies to manufacture battery-grade lithium hydroxide from Nevada-based claystone and is constructing a pilot facility to demonstrate these technologies [5][9]. Strategic Initiatives - The company is concurrently commercializing its recycling and primary resource operations, allowing it to provide a diverse range of critical mineral products from domestic feed materials [3][4]. - ABTC has successfully completed safety audits and environmental reviews with several global automotive and battery manufacturers, indicating strong partnerships and market interest [5]. Future Outlook - ABTC is designing a commercial-scale refinery with a capacity of 30,000 tonnes of lithium hydroxide per year, backed by a $57.7 million competitive grant from the U.S. Department of Energy [5].