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American Battery Technology Company (ABAT) Achieves $5.1M Combined Q2 Revenue and Interest Income
Yahoo Finance· 2026-03-06 07:29
Financial Performance - American Battery Technology Company reported $4.8 million in revenue from operations for FQ2 2026, marking a year-over-year increase of over 1,300% [1] - The combined revenue and interest income reached $5.1 million, surpassing the cash cost of goods sold of $4.9 million for the first time [1] Recycling Division - Revenue growth in the recycling division was driven by increased processing volumes of high-value materials, including batteries from electric vehicles (EVs) and energy storage systems [2] - The Nevada facility, permitted under CERCLA in early 2025, is now a primary revenue driver for the company [2] - The company is accelerating the design of a second recycling facility in the Southeast US, which is planned to have five times the capacity of the current site [2] - Recent developments include supply chain agreements with OEM partners for material supply and offtake at the future recycling location [2] Lithium Manufacturing - The Tonopah Flats Lithium Project has been designated as a Fast-41 Covered Project to expedite federal permitting [3] - The company completed all baseline studies for the NEPA review process and published a Pre-Feasibility Study in October 2025, outlining a 45-year mine life with projected annual production of 30,000 tonnes of lithium hydroxide monohydrate at a production cost of $4,307 per tonne [3] - American Battery Technology is scaling its claystone pilot plant into a commercial refinery and has entered the development phase of its Definitive Feasibility Study [3] Company Overview - American Battery Technology Company operates as a battery materials company in the US, focusing on exploring resources of battery metals such as lithium, nickel, cobalt, and manganese [4] - The company develops and commercializes technologies for the extraction and refining of battery metals [4]