Core Insights - American Battery Technology Company (ABTC) reported significant financial growth in Q1 FY 2026, with a notable increase in cash balance and the extinguishment of all outstanding debt [1][2][6] - The company secured a historic battery recycling contract with an estimated value of $30 million, marking a major milestone in its operations [1][6] Financial Highlights - Cash and restricted cash increased to $30.9 million as of September 30, 2025, up from $12.5 million as of June 30, 2025, and further increased to $55.6 million by November 5, 2025 [6] - Total cost of goods sold for the quarter was $4.5 million, compared to $2.5 million for the same period in 2024, with a non-GAAP cash cost of goods sold of $3.3 million [4][6] - Revenue from recycled products reached $0.9 million, a 350% increase from $0.2 million in the same quarter of the previous year [6] Battery Recycling Developments - ABTC was awarded a contract for the largest lithium-ion battery cleanup operation in U.S. EPA history, involving up to 100,000 damaged battery modules [6][7] - The company enhanced its facilities to meet the requirements of the new contract, allowing it to process various types of damaged materials [6] - The EPA approved ABTC's battery recycling facility in Nevada to receive waste material classified under CERCLA, positioning the company as a key player in the Western U.S. battery recycling market [7][8] Tonopah Flats Lithium Project (TFLP) - The Pre-Feasibility Study (PFS) for the TFLP indicates a projected after-tax net present value (NPV) of $2.57 billion at an 8% discount rate, with an internal rate of return (IRR) of 21.8% and a payback period of 7.5 years [6][12] - The TFLP's lithium resources increased by approximately 11% to 21.3 million tonnes of lithium hydroxide monohydrate (LHM), with proven and probable reserves established at 2.73 million tonnes [12][13] - The project aims for a production capacity of 30,000 tonnes per year of lithium hydroxide monohydrate, with competitive production costs of $4,307 per tonne [12][13]