Recent Updates — ABAT

American Battery Technology Company received approval from the U.S. Department of Commerce, Bureau of Industry and Security for a license to export up to $100 million of recycled black mass material following new federal export controls on critical battery materials. The company operates commercial-scale recycling facilities in Nevada that process end-of-life batteries into recovered metals including lithium, nickel, cobalt, manganese, and graphite. This regulatory approval supports the company's strategy to expand its domestic critical minerals manufacturing platform and capitalize on global supply chain demand for battery materials essential to electrification and energy storage.

American Battery Technology Company reported fiscal year 2026 financial results ending June 30, 2026. Revenue surged 407% to $21.7 million from $4.3 million in the prior year, driven by increased recycling facility throughput and improved pricing. Cost of goods sold rose 67% to $24.8 million. Adjusted gross profit turned positive at $1.7 million, compared to a loss of $6.2 million previously. The company ended with no outstanding debt and a cash balance of $49.5 million. Total assets increased to $132.8 million. Net loss attributable to common stockholders was $73.4 million. The company also published a Pre-Feasibility Study for its Tonopah Flats Lithium Project, identifying 21.3 million tonnes of lithium hydroxide monohydrate resource. American Battery Technology Company operates in the critical mineral manufacturing and battery recycling industry.

American Battery Technology Company entered into new two-year employment agreements with CEO Ryan Melsert, CFO Alejandro Flores Arteaga, and COO Steven Wu, effective July 1, 2026. The agreements include annual salaries of $475,000, $280,000, and $350,000 respectively, along with performance-based cash bonuses, restricted stock units, and stock options. American Battery Technology Company operates in the battery technology and recycling industry.

American Battery Technology Company and the U.S. Department of Energy (DOE) entered into a Modification Agreement to reinstate and modify the terms of a $115,489,662 grant for a lithium hydroxide manufacturing facility. The agreement, retroactively effective from September 1, 2025, realigns the project and budget periods through 2029.