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

1. ABTC increased throughput at its recycling facility by over 350%. 2. Company reported $332,000 in revenue from recycled products. 3. Secured $144 million federal grant for a new facility construction. 4. Cash on hand as of December 31, 2024, was $20.6 million. 5. Funding and technological advances position ABTC for future growth.

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FAQ

Why Bullish?

The increased throughput and secured funding indicate positive growth potential, similar to past surges in tech stocks following strategic expansions.

How important is it?

The reported financial results and operational improvements suggest a positive outlook for ABAT, enhancing its market standing and growth trajectory.

Why Long Term?

The advancements and funding may take time to reflect in stock prices, akin to other firms in scalable industries experiencing gradual value growth post-investment.

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Company demonstrates significantly increased throughput at its first lithium-ion battery recycling facility, and continues development of two additional critical mineral facilities February 14, 2025 16:25 ET  | Source: American Battery Technology Company 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. 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. ### American Battery Technology Company Media Contact: Tiffiany Moehring tmoehring@batterymetals.com 720-254-1556  AMERICAN BATTERY TECHNOLOGY COMPANYUnaudited 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 COMPANYUnaudited 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 $0.001 per share; Issued and outstanding: nil preferred shares as of December 31, 2024 and June 30, 2024.     –       –   Series B Preferred Stock Authorized: 133,334 preferred shares, par value of $10.00 per share; Issued and outstanding: nil preferred shares as of December 31, 2024 and June 30, 2024.     -       -   Series C Preferred Stock Authorized: 66,667 preferred shares, par value of $10.00 per share; Issued and outstanding: nil preferred shares as of December 31, 2024 and June 30, 2024.     –       –   Series D Preferred Stock Authorized: 5 preferred shares, par value of $0.001 per share; Issued and outstanding: nil preferred shares as of December 31, 2024 and June 30, 2024.     -       -   Preferred stock value     –       –   Common Stock Authorized: 250,000,000 common shares, par value of $0.001 per share; Issued and outstanding: 84,392,375 and 64,061,763 common shares as of December 31, 2024, and June 30, 2024, respectively     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   American Battery Technology Company Contact Data Tiffiany Moehring American Battery Technology Company 720.254.1556 tmoehring@batterymetals.com

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