American Battery Technology Company Releases Second Quarter Fiscal Year 2025 Financial Report
American Battery Technology Company (NASDAQ: ABAT) released its Q2 FY2025 financial results, highlighting significant operational improvements at its Reno battery recycling facility. After implementing process enhancements and a temporary operational pause, the facility achieved 225% higher monthly throughput in January 2025 and 350% higher weekly throughput in early February 2025 compared to previous averages.
The company reported Q2 revenue of $332,000 from recycled products, with cash cost of goods sold at $2.1 million. As of December 31, 2024, ABAT maintained $20.6 million in total cash, including $15.6 million available and $5 million restricted. Government grant reimbursements reached $2.3 million for the six months ended December 31, 2024.
ABAT secured a $144 million DOE grant for a second recycling facility with 5x capacity and a $57.7 million grant for a 30,000-tonne lithium hydroxide refinery near Tonopah, Nevada.
American Battery Technology Company (NASDAQ: ABAT) ha pubblicato i risultati finanziari del secondo trimestre dell'anno fiscale 2025, evidenziando significativi miglioramenti operativi presso il suo impianto di riciclo batterie di Reno. Dopo aver implementato miglioramenti nei processi e una pausa operativa temporanea, l'impianto ha raggiunto un 225% in più di capacità mensile a gennaio 2025 e un 350% in più di capacità settimanale all'inizio di febbraio 2025 rispetto alle medie precedenti.
La società ha riportato un fatturato del secondo trimestre di $332.000 dai prodotti riciclati, con un costo delle merci vendute pari a $2,1 milioni. Al 31 dicembre 2024, ABAT ha mantenuto $20,6 milioni in totale di liquidità, inclusi $15,6 milioni disponibili e $5 milioni vincolati. I rimborsi dei sussidi governativi hanno raggiunto $2,3 milioni per i sei mesi conclusi il 31 dicembre 2024.
ABAT ha ottenuto un sussidio DOE di $144 milioni per un secondo impianto di riciclo con una capacità cinque volte superiore e un sussidio di $57,7 milioni per una raffineria di idrossido di litio da 30.000 tonnellate vicino a Tonopah, Nevada.
American Battery Technology Company (NASDAQ: ABAT) publicó sus resultados financieros del segundo trimestre del año fiscal 2025, destacando mejoras operativas significativas en su instalación de reciclaje de baterías en Reno. Después de implementar mejoras en los procesos y una pausa operativa temporal, la instalación logró un 225% más de rendimiento mensual en enero de 2025 y un 350% más de rendimiento semanal a principios de febrero de 2025 en comparación con los promedios anteriores.
La compañía reportó ingresos del segundo trimestre de $332,000 de productos reciclados, con un costo de bienes vendidos de $2.1 millones. Al 31 de diciembre de 2024, ABAT mantuvo $20.6 millones en efectivo total, incluidos $15.6 millones disponibles y $5 millones restringidos. Los reembolsos de subvenciones gubernamentales alcanzaron $2.3 millones para los seis meses que terminaron el 31 de diciembre de 2024.
ABAT aseguró una subvención DOE de $144 millones para una segunda instalación de reciclaje con una capacidad cinco veces mayor y una subvención de $57.7 millones para una refinería de hidróxido de litio de 30,000 toneladas cerca de Tonopah, Nevada.
American Battery Technology Company (NASDAQ: ABAT)는 2025 회계연도 2분기 재무 결과를 발표하며 리노 배터리 재활용 시설에서의 중요한 운영 개선 사항을 강조했습니다. 프로세스 개선과 일시적인 운영 중단을 시행한 후, 이 시설은 2025년 1월에 월 생산량이 225% 증가하고, 2025년 2월 초에는 주간 생산량이 350% 증가했습니다. 이전 평균과 비교할 때입니다.
회사는 재활용 제품에서 $332,000의 2분기 수익을 보고했으며, 판매된 상품의 현금 비용은 $2.1 백만이었습니다. 2024년 12월 31일 기준 ABAT는 총 $20.6 백만의 현금을 유지하고 있으며, 이 중 $15.6 백만은 사용 가능하고 $5 백만은 제한되어 있습니다. 정부 보조금 환급은 2024년 12월 31일로 종료된 6개월 동안 $2.3 백만에 도달했습니다.
ABAT는 용량이 5배인 두 번째 재활용 시설을 위한 $144 백만 DOE 보조금과 네바다주 토노파 근처에 있는 30,000톤 리튬 수산화물 정제소를 위한 $57.7 백만 보조금을 확보했습니다.
American Battery Technology Company (NASDAQ: ABAT) a publié ses résultats financiers pour le deuxième trimestre de l'exercice 2025, mettant en avant des améliorations opérationnelles significatives dans son usine de recyclage de batteries à Reno. Après avoir mis en œuvre des améliorations de processus et une pause opérationnelle temporaire, l'usine a atteint un 225% de production mensuelle en plus en janvier 2025 et un 350% de production hebdomadaire en plus début février 2025 par rapport aux moyennes précédentes.
L'entreprise a rapporté un chiffre d'affaires de $332,000 pour le deuxième trimestre provenant de produits recyclés, avec un coût de revient des biens vendus de $2,1 millions. Au 31 décembre 2024, ABAT a maintenu $20,6 millions de liquidités totales, dont 15,6 millions de dollars disponibles et 5 millions de dollars restreints. Les remboursements de subventions gouvernementales ont atteint $2,3 millions pour les six mois se terminant le 31 décembre 2024.
ABAT a obtenu une subvention DOE de 144 millions de dollars pour une deuxième installation de recyclage avec une capacité 5 fois supérieure et une subvention de 57,7 millions de dollars pour une raffinerie d'hydroxyde de lithium de 30 000 tonnes près de Tonopah, au Nevada.
American Battery Technology Company (NASDAQ: ABAT) hat die finanziellen Ergebnisse für das zweite Quartal des Geschäftsjahres 2025 veröffentlicht und erhebliche betriebliche Verbesserungen in seiner Batterie-Recyclinganlage in Reno hervorgehoben. Nach der Implementierung von Prozessverbesserungen und einer vorübergehenden Betriebspause erreichte die Anlage im Januar 2025 eine 225% höhere monatliche Durchsatzrate und im frühen Februar 2025 eine 350% höhere wöchentliche Durchsatzrate im Vergleich zu den vorherigen Durchschnittswerten.
Das Unternehmen berichtete von Einnahmen im zweiten Quartal in Höhe von $332.000 aus recycelten Produkten, wobei die Barverkaufs- und Herstellungskosten bei $2,1 Millionen lagen. Am 31. Dezember 2024 verfügte ABAT über $20,6 Millionen an Gesamtkapital, darunter $15,6 Millionen verfügbar und $5 Millionen eingeschränkt. Die Rückerstattungen von staatlichen Zuschüssen beliefen sich auf $2,3 Millionen für die sechs Monate bis zum 31. Dezember 2024.
ABAT sicherte sich einen $144 Millionen DOE-Zuschuss für eine zweite Recyclinganlage mit einer Kapazität von 5x und einen $57,7 Millionen Zuschuss für eine 30.000 Tonnen Lithiumhydroxid-Raffinerie in der Nähe von Tonopah, Nevada.
- Significant facility throughput improvements: 225% monthly and 350% weekly increase
- Secured $144M DOE grant for second recycling facility
- Obtained $57.7M DOE grant for lithium hydroxide refinery
- Strong cash position of $20.6M as of December 31, 2024
- Increased government grant reimbursements to $2.3M
- Low revenue of $332,000 against $2.1M cost of goods sold
- Required temporary pause in operations for facility upgrades
Insights
ABTC's Q2 FY2025 results present a complex picture of a company in transition. While current financials show operational inefficiencies with
The secured DOE grants totaling
The successful completion of OEM qualification processes is particularly noteworthy, as these partnerships typically require rigorous technical validation and often lead to long-term supply agreements. The company's strategic decision to pursue both recycling and primary resource operations creates a unique market position:
- The recycling business provides near-term revenue potential with lower technical risks
- The claystone-to-lithium technology offers longer-term growth potential in a market seeking domestic supply alternatives
- The combination provides supply diversity and potential operational synergies
The
Company demonstrates significantly increased throughput at its first lithium-ion battery recycling facility, and continues development of two additional critical mineral facilities
Reno, Nev., Feb. 14, 2025 (GLOBE NEWSWIRE) -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery minerals company that is commercializing its first-of-kind technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, announced its second quarter fiscal year (FY) 2025 financial results, for the period ending December 31, 2024.
Company Highlights from Second Fiscal Quarter 2025:
- ABTC successfully implemented several key process enhancements to its first battery recycling near Reno, Nevada during the quarter. This required a temporary pause in operations, and resulted in significant increases in subsequent plant throughput:
- Facility throughput in January 2025 was greater than
225% the average monthly throughput in the previous quarter. - Facility throughput in the first week of February 2025 was greater than
350% the average weekly throughput in the previous quarter.
- Facility throughput in January 2025 was greater than
- Inclusive of the temporary pause in operations for facility upgrading, the company generated
$332,000 in revenue from the sale of recycled products during the three months ended December 31, 2024. The cash cost of goods sold for this period was$2.1 million , after the removal of non-cash items such as depreciation expense and stock-based compensation. - As of December 31, 2024, the company had total cash on hand of
$20.6 million , including$15.6 million of available cash and$5 million restricted cash. - Government grant reimbursement was
$2.3 million for the six months ended December 31, 2024, compared to$1.7 million during the same period of the prior year. - ABTC successfully completed combined sets of safety audits, environmental reviews, and qualification processes with several additional global automotive, battery manufacturers, and other strategic original equipment manufacturers (OEMs).
- As the company has engaged with several OEMs for larger quantities of battery feed material than could be processed at its first battery recycling facility, ABTC is in the process of establishing a second battery recycling facility with approximately 5 times the throughput capacity of its first facility. On December 18, 2024, the company received a contract for a competitive grant award for
$144 million of federal investment from the U.S. Department of Energy (DOE) to support the development and construction of this second facility. - ABTC has an internally-developed set of technologies to manufacture battery grade lithium hydroxide (LiOH) from Nevada-based claystone material. ABTC has constructed a multi-tonne per day integrated pilot facility to demonstrate these technologies, and continues to produce battery grade lithium hydroxide product from this facility for evaluation by customers.
- Based on these demonstrated technologies, ABTC is designing and intends to construct a 30,000 tonne LiOH per year commercial scale refinery near Tonopah, Nevada, and has been awarded a
$57.7 million competitive grant from the US DOE to support this project.
Concurrent Commercialization of Recycling and Primary Resource Operations
ABTC is in the fortunate position of having developed technologies for the manufacturing of critical minerals both from its battery recycling operations as well as from its primary claystone to lithium operations. This allows ABTC to move forward with the construction and operation of commercial manufacturing facilities for both sets of technologies to provide its customers and partners with a wide range of critical mineral products from a diversified set of domestic-US feed materials.
Progressing first-of-kind technologies from initial design, to testing and bench scale validations, to integrated piloting, and through commercialization is a multi-faceted process that requires a broad range of skillsets and resources. ABTC is advancing these sets of first-of-kind technologies simultaneously to support the increasing need for domestic-US energy independence, critical minerals dominance, and economic security.
Additional recent company information and updates can be found at www.americanbattery.com/events-and-presentations, including:
- American Battery Technology Company’s Annual Meeting of Shareholders Fiscal 2024, Presentation.
- American Battery Technology Company’s Annual Meeting of Shareholders Fiscal 2024, Video Playback.
About American Battery Technology Company
American Battery Technology Company (ABTC), headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries. Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are "forward-looking statements." Although the American Battery Technology Company's (the "Company") management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, risks and uncertainties related to the Company’s ability to continue as a going concern; interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended June 30, 2024. The Company assumes no obligation to update any of the information contained or referenced in this press release.
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American Battery Technology Company
Media Contact:
Tiffiany Moehring
tmoehring@batterymetals.com
720-254-1556
AMERICAN BATTERY TECHNOLOGY COMPANY
Unaudited Condensed Consolidated Statements of Operations
| Three months ended December 31, 2024 | Three months ended December 31, 2023 | Six months ended December 31, 2024 | Six months ended December 31, 2023 | |||||||||||||
| Revenue | $ | 332,440 | $ | – | $ | 534,400 | $ | – | ||||||||
| Cost of goods sold | 3,305,743 | – | 5,848,384 | – | ||||||||||||
| Gross loss | (2,973,303 | ) | – | (5,313,984 | ) | – | ||||||||||
| Expenses: | ||||||||||||||||
| General and administrative | $ | 7,673,022 | $ | 4,416,716 | $ | 12,682,863 | $ | 7,470,713 | ||||||||
| Research and development | 2,919,865 | 3,569,167 | 4,952,000 | 7,183,018 | ||||||||||||
| Exploration costs | 234,568 | 823,425 | 655,075 | 2,173,345 | ||||||||||||
| Total operating expenses | 10,827,455 | 8,809,308 | 18,289,938 | 16,827,076 | ||||||||||||
| Net loss before other income (expense) | (13,800,758 | ) | (8,809,308 | ) | (23,603,922 | ) | (16,827,076 | ) | ||||||||
| Other income (expense) | ||||||||||||||||
| Interest income (expense) | 597 | (7,647 | ) | (3,978 | ) | (142,636 | ) | |||||||||
| Amortization and accretion of financing costs | (732,197 | ) | (1,132,258 | ) | (1,904,546 | ) | (1,865,154 | ) | ||||||||
| Unrealized gain (loss) on investment | - | 826 | - | (5,497 | ) | |||||||||||
| Change in fair value of derivative liability | - | (229,472 | ) | 705,184 | (229,473 | ) | ||||||||||
| Loss on debt extinguishment | - | - | (675,648 | ) | - | |||||||||||
| Loss on private placement | - | - | (567,161 | ) | - | |||||||||||
| Change in fair value of liability-classified financial instruments | 1,116,388 | - | 875,100 | - | ||||||||||||
| Other income | 15,464 | - | 79,896 | - | ||||||||||||
| Total other income (expense) | 400,252 | (1,368,551 | ) | (1,491,153 | ) | (2,242,760 | ) | |||||||||
| Net loss | $ | (13,400,506 | ) | $ | (10,177,859 | ) | $ | (25,095,075 | ) | $ | (19,069,836 | ) | ||||
| Net loss per share, basic and diluted | $ | (0.18 | ) | $ | (0.21 | ) | $ | (0.35 | ) | $ | (0.40 | ) | ||||
| Weighted average shares outstanding | 75,315,210 | 47,760,809 | 72,123,576 | 47,357,879 | ||||||||||||
AMERICAN BATTERY TECHNOLOGY COMPANY
Unaudited Condensed Consolidated Balance Sheets
| December 31, 2024 | June 30, 2024 | |||||||
| ASSETS | ||||||||
| Cash | $ | 15,623,762 | $ | 7,001,786 | ||||
| Accounts receivable | 323,975 | 228,499 | ||||||
| Inventory (Note 4) | 574,103 | 154,320 | ||||||
| Grants receivable (Note 5) | 27,119 | 191,522 | ||||||
| Prepaid expenses and deposits | 527,230 | 1,813,050 | ||||||
| Subscription receivable (Note 13) | - | 608,333 | ||||||
| Restricted cash | 5,000,000 | - | ||||||
| Assets held-for-sale (Note 7) | 8,408,538 | 8,408,538 | ||||||
| Total current assets | 30,484,727 | 18,406,048 | ||||||
| Property, plant and equipment, net (Note 7) | 44,534,680 | 46,314,966 | ||||||
| Mining properties (Note 8) | 8,392,977 | 8,392,977 | ||||||
| Intangible assets (Note 9) | 4,519,038 | 4,519,038 | ||||||
| Right-of-use asset (Note 12) | 357,431 | 42,103 | ||||||
| Total assets | $ | 88,288,853 | $ | 77,675,132 | ||||
| LIABILITIES & STOCKHOLDERS’ EQUITY | ||||||||
| Accounts payable and accrued liabilities (Note 10) | $ | 7,167,414 | $ | 9,233,806 | ||||
| Right-of-use lease liability – operating | 108,600 | 117,131 | ||||||
| Notes payable, current (Note 11) | 10,165,377 | 6,447,361 | ||||||
| Total current liabilities | 17,441,391 | 15,798,298 | ||||||
| Right-of-use lease liability – operating – long-term | 250,416 | - | ||||||
| Equity compensation liability (Note 15) | - | 409,194 | ||||||
| Total liabilities | 17,691,807 | 16,207,492 | ||||||
| Commitments and contingencies (Note 17) | – | – | ||||||
| Stockholders’ Equity: | ||||||||
| Series A Preferred Stock Authorized: 33,334 preferred shares, par value of | – | – | ||||||
| Series B Preferred Stock Authorized: 133,334 preferred shares, par value of | - | - | ||||||
| Series C Preferred Stock Authorized: 66,667 preferred shares, par value of | – | – | ||||||
| Series D Preferred Stock Authorized: 5 preferred shares, par value of | - | - | ||||||
| Preferred stock value | – | – | ||||||
| Common Stock Authorized: 250,000,000 common shares, par value of | 84,390 | 64,059 | ||||||
| Additional paid-in capital | 310,351,869 | 275,589,383 | ||||||
| Common stock issuable | (1,415,806 | ) | (857,470 | ) | ||||
| Accumulated deficit | (238,423,407 | ) | (213,328,332 | ) | ||||
| Total stockholders’ equity | 70,597,046 | 61,467,640 | ||||||
| Total liabilities and stockholders’ equity | $ | 88,288,853 | $ | 77,675,132 | ||||
FAQ
What was ABAT's revenue in Q2 FY2025?
How much did ABAT's facility throughput increase in January 2025?
What is the value of DOE grants received by ABAT in December 2024?
What was ABAT's cash position as of December 31, 2024?
What is the planned capacity of ABAT's second recycling facility?
