American Battery Technology Company is a battery materials company based in the United States. It explores for battery metals including lithium, nickel, cobalt, and manganese, and develops and commercializes technologies for extracting and refining these metals. The company also commercializes an integrated process for recycling lithium-ion batteries. Formerly known as American Battery Metals Corporation, it changed its name to American Battery Technology Company in August 2021. It was incorporated in 2011 and is headquartered in Reno, Nevada.
American Battery Technology Posts FY Non-GAAP EPS of $1.70 on $21.7M Revenue
American Battery Technology reported fiscal-year non-GAAP earnings of $1.70 per share and revenue of $21.7 million, according to the company's press release. The results were issued as part of the company's earnings disclosure. No further financial detail was provided in the release.
American Battery Technology Posts First Adjusted Gross Profit as Federal Black Mass Export Ban Looms
American Battery Technology Company reported its first-ever adjusted gross profit on its fiscal year 2026 earnings call on September 14, even as CEO Ryan Melsert disclosed a federal directive that effectively bans exports of black mass unless the company obtains a specific exception. Revenue at its flagship recycling facility jumped more than 400% year over year to $21.7 million, while cost of goods sold rose only 67% and operating cash spend fell 16%, pushing adjusted gross profit to $1.7 million from a $6.2 million loss a year earlier. Cash climbed to $49.5 million as of June 30, 2026, total assets reached $133 million, and the company erased all long-term debt. A second recycling facility planned for the Southeast U.S., designed to process 100,000 tons of batteries a year, is backed by a $150 million Department of Energy grant, and a separate $10 million DOE grant funds three next-generation recycling technologies; the Bureau of Land Management also certified the plan of operations for the Tonopah lithium project in Nevada, which holds 21.3 million tons of lithium hydroxide including 2.7 million tons of proven and probable reserves. American Battery Technology has submitted a request for the black mass export exception but had received no formal response from the Department of Commerce as of the call, and short interest sits at 16.38% of the float against a forward P/E of 37.74 as of September 16.
J.P. Morgan Upgrades Lithium Americas as Domestic Lithium Projects Advance
J.P. Morgan upgraded Lithium Americas to Overweight, citing improved long-term lithium assumptions, confidence in Thacker Pass execution, and continued U.S. policy support for domestic critical-mineral supply, with engineering more than 95% complete and procurement more than 80% complete at the time of the report. American Battery Technology Company reported progress on a second recycling facility backed by a $150 million U.S. Department of Energy grant, alongside a separate $10 million grant supporting critical-mineral processing technologies. ABAT also announced reinstatement of a $57.7 million Department of Energy cooperative agreement for its Tonopah Flats lithium project, completion of baseline environmental studies, and acceptance of its Plan of Operations by the Bureau of Land Management, with Priority Project designations intended to streamline federal permitting. Standard Lithium is approaching a final investment decision for its Arkansas project, with a potential U.S. government grant and possible bank funding associated with the Smackover Lithium joint venture under discussion. The push to build domestic critical-mineral supply chains has moved from policy discussion to active construction and permitting, but the gap between a defined project and a financed, producing one remains the defining risk across the sector.
American Battery Technology's Nevada Lithium Project Accepted by BLM
American Battery Technology's shares rose 1.8% in Tuesday's trading after the U.S. Bureau of Land Management completed its review and accepted the company's mine and refinery plan of operations for the Tonopah Flats lithium project in Nevada. The project, spanning 10.7K acres of public land in Esmeralda and Nye counties, is designed to bolster domestic production of critical minerals for grid-scale battery storage, data centers, AI, electric vehicles, and consumer electronics. Tonopah Flats has received significant federal support, including a FAST-41 designation, a $58M grant from the U.S. Department of Energy for the initial 5K tons-per-year processing train, and a $900M letter of interest from the U.S. Export-Import Bank to expand capacity to 30K tons per year. The company's next step is the publication of a notice of intent to prepare an environmental impact statement, as it continues through federal, state, and local permitting.
American Battery Technology reports Q4 revenue of $8.2M
American Battery Technology reported fourth-quarter revenue of $8.2 million, beating estimates by $2.03 million. The company posted $1.3 million in gross profit and held $50.3 million in cash. The results were disclosed in a press release filed with the SEC.
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