American Battery Technology Company Triples Quarterly Revenue
Reno, Nev., May 16, 2025 – American Battery Technology Company (ABTC) (NASDAQ: ABAT), a leading integrated critical battery minerals company, has announced a significant tripling of its quarterly revenue in the third quarter of fiscal year 2025, ending March 31, 2025. The company’s financial results demonstrate substantial progress in both battery recycling and primary lithium manufacturing.
Battery Recycling Highlights
ABTC has successfully implemented multi-shift, 24/7 operations at its first battery recycling facility, more than doubling the mass of battery material recycled during the quarter compared to the previous period. The company continues to engage with strategic partners for both the sourcing of commercial quantities of battery feedstock materials and the sale of recycled battery products. ABTC expects to continue accelerating the ramp of operations at this facility in the following quarter.
Primary Lithium Manufacturing Progress
The company has developed its own proprietary technologies for manufacturing critical mineral lithium hydroxide from Nevada-based claystone material. ABTC has constructed a multi-tonne per day integrated pilot facility to demonstrate these technologies and successfully completed a continuous, multi-week operation during the reported quarter. The produced lithium hydroxide material is currently being characterized and delivered to strategic customers for evaluation. Based on the pilot facility design, ABTC has planned a commercial-scale lithium refinery to manufacture 30,000 tonnes of lithium hydroxide per year, with long-term commercial offtake agreements under negotiation.
Financial Highlights
Total revenues from the sale of recycled battery materials increased to $1.0 million in Q3 FY2025, approximately tripling the revenue from the previous quarter. The cash cost of goods sold was $2.3 million, representing a significant improvement in gross cash margin. Company reimbursements from government grants increased to $2.0 million for the quarter, compared to $1.3 million in the same period of the prior year. As of March 31, 2025, ABTC had total cash on hand of $7.8 million.
Recent Developments
On April 1, 2025, ABTC entered into an agreement to sell one of its unused properties in Fernley, Nevada for $6.75 million, with the transaction expected to close by July 10, 2025. On April 20, 2025, the company agreed to sell a portion of its unused water rights in Fernley, Nevada for $4.7 million, with an expected closing date on or before May 21, 2025.
ABTC remains committed to innovating and mastering new battery metals technologies to support the global transition to electrification and sustainable energy. The company’s progress in both battery recycling and primary lithium manufacturing positions it for continued growth in the critical battery minerals sector.
