ABAT

Increase in gross profit of 86% through continued scale-up and implementation of operational efficiencies at its domestic-US critical mineral recycling facility, and reinstatement of competitive $57 million grant from U.S. Department of Energy Reno, Nev., Aug. 20, 2026 (GLOBE NEWSWIRE) -- American Battery Technology Company (NASDAQ: ABAT), an integrated domestic critical mineral manufacturing company that is commercializing its internally-developed technologies for both primary critical mineral manufacturing and secondary critical mineral recycling, released the unaudited financial results for its fourth quarter of fiscal year 2026 (FY26) ended on June 30, 2026. During the quarter, American Battery Technology Company (ABTC) continued to scale-up and implement operational efficiencies at its Nevada critical mineral recycling facility and achieved record breaking quarterly revenue of $8.2 million, while simultaneously decreasing cost of goods sold, resulting in a quarter-over-quarter increase in gross profit of 86% to $1.3 million. This substantial growth in gross profit of its recycling facility further demonstrates the advantages of ABTC’s internally-developed technologies and its position as one of the dominant critical mineral recyclers in the U.S. In addition to operating its critical mineral recycling facility, ABTC is also developing and constructing its critical mineral mine and refinery at its Tonopah Flats Lithium Project (TFLP) near Tonopah, Nevada. During the quarter, ABTC announced that it had successfully won its appeal with the U.S. Department of Energy and had its previously terminated grant for $57 million supporting the $115 million construction of the first processing train at the TFLP fully reinstated. Financial Highlights, Fourth Quarter of FY26 (unaudited): $8.2 million in Revenue, a 5.1% increase from the previous quarter $6.9 million in Cost of Goods Sold, a 2.8% decrease from the previous quarter $1.3 million in Gross Profit, an 86% increase from the previous quarter and ABTC’s largest ever positive gross profit from operations $50.3 million cash, a 31% increase from the end of the previous quarter $0.0 million debt, Company currently holds zero debt “We are excited to demonstrate continued scale-up at our Nevada critical mineral recycling facility and the impacts of continued implementation of operational efficiencies, as they exemplify the competitiveness of our technology and market position,” stated ABTC CEO Ryan Melsert. “We are proud of our long-standing partnership with the U.S. Department of Energy, as demonstrated by the fact that very few of the recently terminated grants have been able to successfully appeal the decisions and have their contracts reinstated.” *Unaudited preliminary financialsThese preliminary estimated unaudited financial results for the three months ended June 30, 2026, are based upon information available to the Company as of the date hereof. The data is not a comprehensive statement of the Company’s financial results for the three months ended June 30, 2026, and the Company’s actual results may differ materially from this preliminary estimated data. While the Company currently expects its results for the three months ended June 30, 2026, to be within the range set forth herein, the review of its financial statements for the three months ended June 30, 2026 has not been completed. During the course of the preparation of the Company's financial statements and related notes and the completion of the review for the three months ended June 30, 2026, additional adjustments to the preliminary estimated financial information may be identified. Any such adjustments may be material. The preliminary estimated financial information has been prepared by, and is the responsibility of management. The Company's independent registered public accounting firm, KPMG LLP, has not audited, reviewed, compiled, or performed any procedures with respect to the preliminary financial data. Accordingly, KPMG LLP does not express an opinion or any other form of assurance with respect thereto. The full audited financials for the fiscal year 2026 are expected to be published within 90 days of the end of the fiscal year of June 30, 2026. Critical Mineral Recycling Highlights: Scaled and Streamlined Operations Substantially increased throughput and implementation of operational effectiveness of recycling operations, resulting in increased revenue and gross profit Continued processing of high-value recycled products from Battery Energy Storage Systems (BESS) supporting datacenters and artificial intelligence (AI) facilities, end-of-life electric and hybrid vehicles, and consumer electronics Continued innovation and cost-down optimizations drove improvements in gross margins and facility utilization As one of the few recyclers in the Western U.S capable of handling CERCLA-classified waste, ABTC’s Nevada lithium-ion battery recycling facility, permitted by the EPA in the spring of 2025 under CERCLA, has emerged as a critical revenue engine recovering valuable metals from high-demand, hard-to-recycle battery sources Continued development of a second critical mineral recycling facility in the Southeast U.S., with plans to substantially scale capacity compared to company’s existing recycling plant in Nevada, positioning the company for expanded, matched-market impact Establishment of new supply chain partnerships with leading BESS facilities and automotive OEMs, providing near-term and long-term material flows to support the ABTC’s growing operations Primary Lithium from Claystone Highlights: Accelerating a Domestic Supply Chain ABTC’s Tonopah Flats Lithium Project (TFLP), one of the largest lithium deposits in the U.S., continues to secure its position as a cornerstone of the domestic critical mineral supply chain to support demand and drive future growth ABTC successfully won its appeal for the termination of its $57 million competitive grant from the U.S. Department of Energy supporting the $115 million construction of the first processing train at the TFLP ABTC has successfully advanced its claystone-to-lithium hydroxide demonstration plant and is now focused on scaling through construction of a full-scale commercial mine and refinery Designated as a Fast-41Transparency Covered Project under federal initiatives to boost and onshore domestic critical mineral supply, the TFLP benefits from streamlined federal permitting efforts, accelerating its path to commercialization of a new U.S. lithium resource and domestic production of critical mineral lithium hydroxide (LiOH) The company achieved a critical milestone by completing and submitting all baseline studies for the National Environmental Policy Act (NEPA) review process, a two-year effort overseen by the Department of Interior’s Bureau of Land Management (BLM), involving over 40 regulatory agencies and stakeholders across 21 study areas The company has initiated its Definitive Feasibility Study, the final phase of engineering and financial analysis required to move the project into commercial production, with recommendations published in its October 2025 Pre-Feasibility Study (PFS) for its Tonopah Flats Lithium Project The PFS detailed the technical and financial roadmap for commercialization of the TFLP: American Battery Technology Company intends to host an earnings webcast following the release of its upcoming full fiscal year 2026 financial results. 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. Regulatory Update A recently-issued federal directive effectively prohibits the export of black mass for any domestic company from the United States effective as of August 27, 2026, unless an exception or adjustment is obtained from the Department of Commerce, and if the company is unable to obtain an exception, the company may be unable to sell black mass to foreign customers, which could result in a material adverse effect on its revenue, results of operations, financial condition, and ability to fund ongoing operations. On July 30, 2026, President Trump issued a Presidential Determination pursuant to Section 101 of the Defense Production Act of 1950, as amended (the “DPA”), declaring black mass produced from the recycling of lithium-ion batteries to be a critical material essential to the national security of the United States. On August 6, 2026, the Bureau of Industry and Security (“BIS”) within the U.S. Department of Commerce published a Temporary Final Rule in the Federal Register titled “DPAS Directive Allocation Order and Additional Requirements for Recoverable Critical Minerals and Materials” (the “Directive”), which imposes a requirement that U.S. entities selling black mass allocate 100% of their monthly sales to U.S. persons. The Directive takes effect on August 27, 2026, and remains in effect for approximately one year from the date of publication. The practical effect of the Directive is to prohibit the export of black mass from the United States unless BIS grants an exception or adjustment. Sales of black mass represents the majority of the company’s total revenue, and substantially all of its current black mass customers are located outside the United States in OECD countries. The company has submitted a request to BIS for an exception from the Directive’s domestic allocation requirement and is actively engaging with Congressional representatives, government affairs advisors, and other stakeholders regarding this matter. Under the Directive, companies may submit exception requests on a rolling basis, and BIS intends to respond within 14 days of receipt. Companies may also request a temporary license to continue exports while an exception request is pending. However, there can be no assurance that the company’s request for an exception will be granted, that any exception will be granted on terms that are commercially favorable to the company, or that any exception will be granted within a timeframe that avoids material disruption to its business and operations. If the company is unable to obtain an exception or other relief from the Directive, or if any exception is subject to conditions that are commercially impracticable, the company may be unable to sell black mass to all of its foreign customers. The loss of its foreign black mass sales revenue could have a material adverse effect on its revenue, results of operations, financial condition, cash flows, and our ability to fund ongoing operations and growth initiatives. The company may be required to seek alternative income sources, reduce operating costs, or pursue additional financing. Additionally, even if the company is able to identify and develop domestic customers for our black mass over time, such development efforts may take considerable time, and the terms of domestic sales may be significantly less favorable than our existing international arrangements. The company is monitoring developments regarding the Directive, including the public comment period (which remains open until November 4, 2026), potential legislative action, and any modifications BIS may make to the Directive or exception process. The company intends to pursue all available avenues to obtain relief, but it cannot predict the outcome of these efforts or their timing. Inferred ResourceInferred Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. The level of geological uncertainty associated with an Inferred Mineral Resource is too high to apply relevant technical and economic factors likely to influence the prospects of economic extraction in a manner useful for evaluation of economic viability. Because an Inferred Mineral Resource has the lowest level of geological confidence of all mineral resources, which prevents the application of the modifying factors in a manner useful for evaluation of economic viability, an Inferred Mineral Resource may not be considered when assessing the economic viability of a mining project, and may not be converted to a mineral reserve. Indicated ResourceIndicated Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of adequate geological evidence and sampling. The level of geological certainty associated with an Indicated Mineral Resource is sufficient to allow a qualified person to apply modifying factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Because an Indicated Mineral Resource has a lower level of confidence than the level of confidence of a Measured Mineral Resource, an Indicated Mineral Resource may only be converted to a Probable Mineral Reserve. Measured ResourceMeasured Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of conclusive geological evidence and sampling. The level of geological certainty associated with a Measured Mineral Resource is sufficient to allow a qualified person to apply modifying factors, as defined in this section, in sufficient detail to support detailed mine planning and final evaluation of the economic viability of the deposit. Because a Measured Mineral Resource has a higher level of confidence than the level of confidence of either an Indicated Mineral Resource or an Inferred Mineral Resource, a Measured Mineral Resource may be converted to a Proven Mineral Reserve or to a Probable Mineral Reserve. Mineral ReserveMineral Reserve is an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project. More specifically, it is the economically mineable part of a measured or indicated mineral resource, which includes diluting materials and allowances for losses that may occur when the material is mined or extracted. Probable Mineral ReserveProbable Mineral Reserve is the economically mineable part of an indicated and, in some cases, a measured mineral resource. Proven Mineral ReserveProven Mineral Reserve is the economically mineable part of a measured mineral resource and can only result from conversion of a measured mineral resource. Pre-Feasibility StudyA Preliminary Feasibility Study (or Pre-Feasibility Study) is a comprehensive study of a range of options for the technical and economic viability of a mineral project that has advanced to a stage where a qualified person has determined (in the case of underground mining) a preferred mining method, or (in the case of surface mining) a pit configuration, and in all cases has determined an effective method of mineral processing and an effective plan to sell the product. A Pre-Feasibility Study includes a financial analysis based on reasonable assumptions, based on appropriate testing, about the modifying factors and the evaluation of any other relevant factors that are sufficient for a qualified person to determine if all or part of the Indicated and Measured Mineral Resources may be converted to mineral reserves at the time of reporting. The financial analysis must have the level of detail necessary to demonstrate, at the time of reporting, that extraction is economically viable. A Pre-Feasibility Study is less comprehensive and results in a lower confidence level than a feasibility study. A Pre-Feasibility Study is more comprehensive and results in a higher confidence level than an Initial Assessment. Initial AssessmentAn Initial Assessment is a preliminary technical and economic study of the economic potential of all or parts of mineralization to support the disclosure of mineral resources. The Initial Assessment must be prepared by a qualified person and must include appropriate assessments of reasonably assumed technical and economic factors, together with any other relevant operational factors, that are necessary to demonstrate at the time of reporting that there are reasonable prospects for economic extraction. An Initial Assessment is required for disclosure of mineral resources but cannot be used as the basis for disclosure of mineral reserves. An Initial Assessment is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied that would enable them to be classified as mineral reserves. There is no certainty that the economic results of an initial assessment will be realized. The mineral resource estimates presented in the ABTC Tonopah Flats Initial Assessment were performed by third-party, qualified person RESPEC, LLC and were classified by geological and quantitative confidence in accordance with the Securities and Exchange Commission (SEC) Regulation S-K 1300.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. Forward looking statements include, among other things, statements concerning: the impact of the Directors and our request for an exception, changes in government policy regarding critical minerals, and our ability to develop domestic sales channels of black mass; offtake agreements with customers; the Company’s future sales of products to customers, including the amounts, timing, and types of products included within those sales; potential loans, grants, and debt financing arrangements, including due diligence, the amount and type of debt, its syndication, and the schedule for closing; the scale of the battery recycling operations; the anticipated production from the integrated pilot facility; the scale, construction, and operation of the battery recycling operations, integrated pilot facility, Tonopah Flats Lithium Project, and commercial lithium mine and refinery; and the costs, schedules, production and economic projections associated with the foregoing. 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, 2025. The Company assumes no obligation to update any of the information contained or referenced in this press release. CONTACT: Tiffiany Moehring American Battery Technology Company 720.254.1556 [email protected]

This article first appeared on GuruFocus. Release Date: May 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. American Battery Technology Co (NASDAQ:ABAT) achieved record-breaking revenue of $7.8 million in the past quarter, marking a 64% increase from the previous quarter. The company reported its first positive gross margin, a significant milestone for a startup, with adjusted gross margin reaching $2 million for the quarter. ABAT maintains a strong financial position with a healthy cash balance of $38.5 million and no debt, providing a solid foundation for future growth. The company is expanding its operations by constructing a second critical mineral recycling facility in the southeast U.S., indicating growth and increased capacity. ABAT's Tonopuff Flats lithium project is progressing with streamlined federal permitting, enhancing the project's development timeline and potential. Despite revenue growth, the cost of goods sold remains high at $17.9 million for the fiscal year to date, impacting overall profitability. The company has not yet achieved adjusted gross margin positive operations for the full fiscal year, indicating ongoing financial challenges. ABAT's reliance on government agencies for funding specific projects may pose risks if such support diminishes or is delayed. The issuance of company shares as part of employee compensation could lead to potential dilution of existing shareholders' equity. Operational costs, although reduced on a cash basis, remain a concern as the company scales its recycling facility and other projects. Warning! GuruFocus has detected 2 Warning Signs with ABAT. Is ABAT fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide more details on the record-breaking revenue achieved this quarter? A: Ryan Melsert, CEO and CTO, explained that the company generated approximately $7.8 million in revenue, marking a 64% increase from the previous quarter. This was largely due to increased capacity at their first battery recycling facility near Reno, Nevada, as operations continued to ramp up and production scaled. Q: How did the cost of goods sold compare to the revenue growth? A: Ryan Melsert noted that while revenue grew substantially, the cost of goods sold increased by only about 11% compared to the previous quarter. This resulted in a positive gross margin, the first for the company, and an adjusted gross margin of $2 million for the quarter. Q: What is the current financial position of the company? A: The company maintains a healthy cash balance of approximately $38.5 million and has no debt. This strong balance sheet supports the scaling of their first facility and the construction of additional facilities. Q: Can you elaborate on the progress of the Tonopuff Flats lithium project? A: Ryan Melsert shared that the company is advancing its Tonopuff Flats lithium project, one of the largest identified lithium deposits in the US. They have completed environmental studies and are moving forward with a definitive feasibility study, benefiting from streamlined federal permitting. Q: What are the future plans for expanding recycling facilities? A: The company is planning to construct a second critical mineral recycling facility in the southeast U.S. They are in discussions with economic development agencies and partners to finalize the location, aiming to enhance operations as they scale the second facility. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Revenue growth of 64% quarter-over-quarter through ramp-up of critical mineral recycling facility, and significant advancements in development of critical mineral mine and refinery AMERICAN BATTERY TECHNOLOGY COMPANY FY26 Q3 Earnings AMERICAN BATTERY TECHNOLOGY COMPANY FY26 Q3 Earnings Reno, Nev., May 11, 2026 (GLOBE NEWSWIRE) -- American Battery Technology Company (NASDAQ: ABAT), an integrated domestic critical mineral company that is commercializing its internally-developed technologies for both primary critical mineral manufacturing and secondary critical mineral recycling, released the financial results for the third quarter of fiscal year 2026 (FY26) ended on March 31, 2026. Over the quarter, American Battery Technology Company (ABTC) significantly ramped and streamlined operations at its Nevada critical mineral recycling facility and achieved record breaking revenue with a 64% increase quarter-over-quarter, while cost of goods sold increased only 11% over the same period, and correspondingly the Company achieved its first-ever positive gross margin. This substantial growth in the throughput of its recycling facility has allowed ABTC to capitalize on strong market conditions and solidify itself as one of the dominant critical mineral recyclers in the United States. Financial Highlights, Third Quarter of FY26: $7.8 million in Revenue, a 64% increase from the previous quarter And an additional $0.3 million income from interest for the quarter $7.1 million in Cost of Goods Sold, an 11% increase from the previous quarter $5.8 million cash cost of goods sold (non-GAAP1), with exclusion of non-cash expenses of depreciation and stock-based compensation $0.7 million in Gross Margin, ABTC’s first positive gross margin operations $2.0 million in Adjusted Gross Margin (non-GAAP1), with exclusion of non-cash expenses of depreciation and stock-based compensation $38.5 million cash, balance as of end of quarter Includes $37.7 million in unrestricted and $0.8 million in restricted cash $0.0 million debt, Company currently holds zero debt “Demonstrating positive gross margin from operations is a major milestone that many growth companies never achieve and allows us to enable self-sustaining operations of our critical mineral recycling facility,” stated American Battery Technology Company CEO Ryan Melsert. “The gross profit generated by this facility provides additional resources as we continue to scale the operations at this first critical mineral recycling facility, construct and bring to operations our second recycling facility, and construct and ramp our critical mineral lithium mine and refinery to support the U.S. establishing dominance with a closed loop domestic critical mineral supply chain.” A reconciliation of cost of goods sold to cash-cost of goods sold (non-GAAP1) and revenue to adjusted gross margin, for the three months ended March 31, 2026 Critical Mineral Recycling Highlights: Scaled and Streamlined Operations Significantly increased throughput and operational effectiveness of recycling operations, resulting in substantially increased revenue and only relatively lower increase in cost of goods sold Growth was fueled by increased processing of high-value recycled products from Battery Energy Storage Systems (BESS) supporting datacenters and artificial intelligence (AI) facilities, end-of-life electric and hybrid vehicles, and consumer electronics Continued innovation and cost-down optimizations drove improvements in gross margins and facility utilization As one of the few recyclers in the Western U.S capable of handling CERCLA-classified waste, ABTC’s Nevada lithium-ion battery recycling facility, permitted by the EPA in the spring of 2025 under CERCLA, has emerged as a critical revenue engine recovering valuable metals from high-demand, hard-to-recycle battery sources Continued development of a second critical mineral recycling facility in the Southeast U.S., with plans to substantially scale capacity compared to company’s existing recycling plant in Nevada, positioning the company for expanded, matched-market impact The establishment of new supply chain partnerships with leading BESS facilities and automotive OEMs, providing near-term and long-term material flows to support the Company’s growing operations Primary Lithium from Claystone Highlights: Accelerating a Domestic Supply Chain ABTC’s Tonopah Flats Lithium Project (TFLP), one of the largest lithium deposits in the U.S., continues to secure its position as a cornerstone of the domestic critical mineral supply chain to support demand and drive future growth ABTC has successfully advanced its claystone-to-lithium hydroxide demonstration plant and is now focused on scaling through construction of a full-scale commercial mine and refinery Designated as a Fast-41Transparency Covered Project under federal initiatives to boost and onshore domestic critical mineral supply, the TFLP benefits from streamlined federal permitting efforts, accelerating its path to commercialization of a new U.S. lithium resource and domestic production of critical mineral lithium hydroxide (LiOH) The Company achieved a critical milestone by completing and submitting all baseline studies for the National Environmental Policy Act (NEPA) review process, a two-year effort overseen by the Department of Interior’s Bureau of Land Management (BLM), involving over 40 regulatory agencies and stakeholders across 21 study areas The Company has initiated its Definitive Feasibility Study, the final phase of engineering and financial analysis required to move the project into commercial production, with recommendations published in its October 2025 Pre-Feasibility Study (PFS) for its Tonopah Flats Lithium Project The PFS detailed the technical and financial roadmap for commercialization of this domestic-US critical mineral lithium mine and refinery, and supports the project’s robust economic potential and potential strategic importance: Designed production of 30,000 tonnes per year of lithium hydroxide monohydrate (LHM), with project economics calculated for a 45-year life-of-min After-tax NPV at 8% of $2.57 billion and IRR of 21.8%, underscoring its financial viability Highly competitive production cost of $4,307 per tonne, representing a 9.2% reduction from the Company’s April 2024 Initial Assessment Total TFLP lithium resources (measured, indicated, and inferred) increased approximately 11% to 21.3 million tonnes LHM, and establishment of 2.73 million tonnes of proven (0.98) and probable (1.75) reserves, compared to April 2024 Initial Assessment The company will host a listen-only earnings webcast today, Monday, May 11 at 4:30 p.m. ET. Those interested in viewing the livestream can visit: American Battery Technology Company Livestream FY26 Q3. The livestream replay and any related presentation will also be made available at https://investors.americanbatterytechnology.com/events-and-presentations/. 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. Inferred Resource Inferred Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. The level of geological uncertainty associated with an Inferred Mineral Resource is too high to apply relevant technical and economic factors likely to influence the prospects of economic extraction in a manner useful for evaluation of economic viability. Because an Inferred Mineral Resource has the lowest level of geological confidence of all mineral resources, which prevents the application of the modifying factors in a manner useful for evaluation of economic viability, an Inferred Mineral Resource may not be considered when assessing the economic viability of a mining project, and may not be converted to a mineral reserve. Indicated Resource Indicated Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of adequate geological evidence and sampling. The level of geological certainty associated with an Indicated Mineral Resource is sufficient to allow a qualified person to apply modifying factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Because an Indicated Mineral Resource has a lower level of confidence than the level of confidence of a Measured Mineral Resource, an Indicated Mineral Resource may only be converted to a Probable Mineral Reserve. Measured Resource Measured Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of conclusive geological evidence and sampling. The level of geological certainty associated with a Measured Mineral Resource is sufficient to allow a qualified person to apply modifying factors, as defined in this section, in sufficient detail to support detailed mine planning and final evaluation of the economic viability of the deposit. Because a Measured Mineral Resource has a higher level of confidence than the level of confidence of either an Indicated Mineral Resource or an Inferred Mineral Resource, a Measured Mineral Resource may be converted to a Proven Mineral Reserve or to a Probable Mineral Reserve. Mineral Reserve Mineral Reserve is an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project. More specifically, it is the economically mineable part of a measured or indicated mineral resource, which includes diluting materials and allowances for losses that may occur when the material is mined or extracted. Probable Mineral Reserve Probable Mineral Reserve is the economically mineable part of an indicated and, in some cases, a measured mineral resource. Proven Mineral Reserve Proven Mineral Reserve is the economically mineable part of a measured mineral resource and can only result from conversion of a measured mineral resource. Pre-Feasibility Study A Preliminary Feasibility Study (or Pre-Feasibility Study) is a comprehensive study of a range of options for the technical and economic viability of a mineral project that has advanced to a stage where a qualified person has determined (in the case of underground mining) a preferred mining method, or (in the case of surface mining) a pit configuration, and in all cases has determined an effective method of mineral processing and an effective plan to sell the product. A Pre-Feasibility Study includes a financial analysis based on reasonable assumptions, based on appropriate testing, about the modifying factors and the evaluation of any other relevant factors that are sufficient for a qualified person to determine if all or part of the Indicated and Measured Mineral Resources may be converted to mineral reserves at the time of reporting. The financial analysis must have the level of detail necessary to demonstrate, at the time of reporting, that extraction is economically viable. A Pre-Feasibility Study is less comprehensive and results in a lower confidence level than a feasibility study. A Pre-Feasibility study is more comprehensive and results in a higher confidence level than an Initial Assessment. Initial Assessment An Initial Assessment is a preliminary technical and economic study of the economic potential of all or parts of mineralization to support the disclosure of mineral resources. The Initial Assessment must be prepared by a qualified person and must include appropriate assessments of reasonably assumed technical and economic factors, together with any other relevant operational factors, that are necessary to demonstrate at the time of reporting that there are reasonable prospects for economic extraction. An Initial Assessment is required for disclosure of mineral resources but cannot be used as the basis for disclosure of mineral reserves. An Initial Assessment is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied that would enable them to be classified as mineral reserves. There is no certainty that the economic results of an initial assessment will be realized. The mineral resource estimates presented in the ABTC Tonopah Flats Initial Assessment were performed by third-party, qualified person RESPEC, LLC and were classified by geological and quantitative confidence in accordance with the Securities and Exchange Commission (SEC) Regulation S-K 1300. 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. Forward looking statements include, among other things, statements concerning: offtake agreements with customers; the Company’s future sales of products to customers, including the amounts, timing, and types of products included within those sales; potential loans, grants, and debt financing arrangements, including due diligence, the amount and type of debt, its syndication, and the schedule for closing; the scale of the battery recycling operations; the anticipated production from the integrated pilot facility; the scale, construction, and operation of the battery recycling operations, integrated pilot facility, Tonopah Flats Lithium Project, and commercial lithium mine and refinery; and the costs, schedules, production and economic projections associated with the foregoing. 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, 2025. The Company assumes no obligation to update any of the information contained or referenced in this press release. 1NON-GAAP FINANCIAL MEASURES To supplement its financial information, the Company has presented, and/or may discuss on the conference call, adjusted measures. All adjusted measures are non-GAAP financial measures, as defined in Regulation G of the Securities Exchange Act of 1934, as amended. The Company reports its financial results in compliance with GAAP but believes that also discussing non-GAAP measures provides investors with (i) financial measures the Company uses in the management of its business and (ii) additional, meaningful comparisons of current results to prior periods’ results by excluding items that the Company does not believe reflect its fundamental business performance and are not representative or indicative of its results of operations. The quantitative reconciliations of non-GAAP measures to the most comparable GAAP measures are included in the accompanying schedules. Non-GAAP measures should not be considered a substitute for financial measures presented in accordance with GAAP. Attachments AMERICAN BATTERY TECHNOLOGY COMPANY FY26 Q3 Earnings AMERICAN BATTERY TECHNOLOGY COMPANY FY26 Q3 Earnings CONTACT: Tiffiany Moehring American Battery Technology Company 720.254.1556 [email protected]

This article first appeared on GuruFocus. Revenue: $4.8 million from product sales for the quarter ending December. Interest Income: $300,000 for the quarter. Total Revenue and Interest Income: $5.1 million for the quarter. Cash Expenses: $4.9 million for operating the plant during the quarter. Total Expenses (including non-cash costs): $6.4 million for the quarter. Cash Balance: $48.7 million as of the end of December. Debt: Zero debt as of the end of the quarter. Production Costs: Just over $4,300 per ton of lithium hydroxide. Net Present Value (NPV) after tax: Approximately 8% for the lithium project. Lithium Resource Estimate: 21.3 million tons of lithium hydroxide accessible. Warning! GuruFocus has detected 3 Warning Signs with ABAT. Is ABAT fairly valued? Test your thesis with our free DCF calculator. Release Date: February 05, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. American Battery Technology Co (NASDAQ:ABAT) achieved record high revenues of $4.8 million for the quarter ending December, with an additional $300,000 in interest income. The company has a strong cash position with a balance of $48.7 million and zero debt, providing a solid financial foundation for future growth. ABAT is expanding its operations with the design and construction of a second battery recycling facility in the southeast US. The company has received a rare circular certification, enhancing its ability to process materials from various sectors and strengthening its relationship with the EPA. ABAT's Tonopah Flats Lithium Project is progressing well, with a pre-feasibility study showing attractive returns and competitive production costs. Despite record revenues, the company's operating costs remain high, with $4.9 million in cash expenses and $6.4 million including non-cash costs. The company is still in the process of ramping up operations to achieve break-even at its first recycling facility. ABAT's growth is heavily reliant on government grants and partnerships, which may pose risks if these sources of funding are reduced or withdrawn. The company's expansion plans, including the new recycling facility and lithium project, require significant capital investment and carry execution risks. The lithium project is still undergoing federal permitting processes, which could face delays or complications, impacting the project's timeline. Q: Can you discuss progress related to the ramp-up of the $30 million, EPA cleanup agreement? A: Yes, that's in reference to the Moss Landing Project in Northern California that has been going through decommissioning for many months. We have been receiving material from that facility since the end of the summer. It represents a substantial portion of the feed into our factory, but we do have several other sources from the stationary market as well as the automotive market and the consumer electronics field. So, we've received large amounts of material from that project. We are still on pace to receive substantially more material and are happy to be working with them as partners. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. American Battery Technology (ABAT) has moved into the spotlight after reporting its Q2 2026 results, detailing higher sales and a smaller net loss, along with recent senior leadership changes in its finance and mineral resources teams. See our latest analysis for American Battery Technology. Those Q2 numbers and leadership changes arrived alongside sharp share price swings, with a 17.99% 1 day share price return and a year to date share price return of 12.57%. The 1 year total shareholder return of 217.94% contrasts with a 5 year total shareholder return decline of 92.77%, hinting at momentum rebuilding after a difficult longer stretch. If this battery materials story has your attention, it could be a good moment to look across the sector and review 29 best rare earth metal stocks as potential comparison points. With ABAT shares at US$4.17 and an average analyst price target of US$6.00, the stock sits at a sizeable discount. Are traders behind the curve here, or already baking in a lot of future growth? On a P/B basis, American Battery Technology trades at 4.6x, which sits well above the broader US Metals and Mining industry but below its selected peer group. P/B compares the share price to the company’s net assets on the balance sheet, so a higher ratio often reflects the market assigning extra value to future projects or intangible strengths rather than just current book value. Here, ABAT’s 4.6x P/B is described as expensive versus the US Metals and Mining industry average of 2.6x, suggesting the market is pricing the company at a premium to the wider sector. At the same time, it is labelled good value relative to a peer average P/B of 10.1x, which implies investors are paying less per dollar of book value than for some closer high growth or battery materials focused comparables. That wide gap, expensive versus the industry but cheaper than specific peers, underlines how sensitive ABAT’s valuation is to which comparison set you think matters most and how much weight you place on its early stage earnings profile and balance sheet strength. See what the numbers say about this price — find out in our valuation breakdown. Result: Price-to-Book of 4.6x (ABOUT RIGHT) However, you still need to weigh execution risks around commercialising its extraction and recycling technologies, as well as the impact of ongoing net losses of about US$41.2m. Find out about the key risks to this American Battery Technology narrative. If you see the story differently or prefer to work from the raw numbers yourself, you can build a custom view in minutes by starting with Do it your way. A great starting point for your American Battery Technology research is our analysis highlighting 5 important warning signs that could impact your investment decision. If ABAT has sharpened your interest, do not stop here, use the Simply Wall St Screener to spot other opportunities that fit how you like to invest. Chase potential bargains by checking out 52 high quality undervalued stocks that currently look attractively priced based on their fundamentals. Prioritise resilience by scanning 82 resilient stocks with low risk scores that score well on our risk metrics and may help smooth out portfolio swings. Hunt for future standouts through our screener containing 24 high quality undiscovered gems that many investors may not be watching yet. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ABAT. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Quarterly revenue increases over 1,300% YOY while total operating expenses decrease 24% YOY, as company continues to ramp and streamline operational efficiencies AMERICAN BATTERY TECHNOLOGY COMPANY AMERICAN BATTERY TECHNOLOGY COMPANY Reno, Nev., Feb. 06, 2026 (GLOBE NEWSWIRE) -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated battery critical minerals company that is commercializing its internally-developed technologies for both primary critical minerals manufacturing and secondary critical mineral recycling, released its financial results for the second quarter of its fiscal year (FY) 2026, which ended on December 31, 2025. The company reported that manufacturing operations at its facilities expanded significantly, and that it generated more revenue in this quarter than in the previous four quarters combined. The company also reported that for the first time, its combined revenue from operations and income from interest were greater than its cash cost of goods sold (a non-GAAP measure1), achieving a key cash flow milestone as it continues to ramp operations at its facilities and implement operational efficiencies. Financial Highlights, Q2 Fiscal Year 2026: $5.1 million: Combined revenue and interest income for FYQ2 $4.8M revenue from operations for the quarter $0.3M income from interest for the quarter $4.9 million: Cash cost of goods sold (cash-COGS1) for FYQ2 Total $6.4M cost of goods sold (COGS), which includes non-cash costs of $1.1M depreciation expense and $0.4M of stock-based compensation $48.7 million cash: Company cash balance as of end of quarter Significant exercises of warrants by existing investors during quarter Includes $47.9M in unrestricted and $0.8M in restricted cash $0.0 million debt: Company currently holds zero debt “We are extremely proud that as we have successfully ramped throughput and implemented operational efficiencies at our critical mineral facilities, that we have now for the first time completed a quarter where our revenue from operations and interest income are greater than the cash cost of goods sold1,” said American Battery Technology Company CEO Ryan Melsert. “We have also engaged with the investment community to increase our cash balance to one of its highest levels in years to facilitate the further expansion of our current facilities and the groundbreaking of new ones.” A reconciliation of COGS (GAAP) to cash-COGS (non-GAAP), for the three months ended December 31, 2025 Battery Recycling Highlights: Driving Revenue Growth and Operational Efficiencies The company’s recycling operations achieved significant revenue growth this quarter, driven by increased processing volumes from high-value feed materials including batteries from Battery Energy Storage Systems (BESS), end-of-life electric vehicles, and consumer electronics The simultaneous streamlining of operational efficiencies allowed for significant improvement in gross margin and the improvement of cash flow Positioned as one of the few recyclers in the Western U.S capable of handling CERCLA-classified waste, ABTC’s Nevada lithium-ion battery recycling facility, permitted by the EPA in the spring of 2025 under CERCLA, is now a key driver of revenue growth, recycling high-value critical minerals and materials including BESS end-of-life and damaged batteries ABTC has accelerated the design and commercialization of its second battery recycling facility, to be constructed in the Southeast US with approximately five-fold the capacity of its first recycling facility The company has progressed several new supply chain agreements with strategic OEM partners to facilitate the supply and offtake of material for this facility Primary Lithium from Claystone Manufacturing Highlights: Securing a Domestic Supply Chain ABTC’s Tonopah Flats Lithium Project (TFLP) continues to secure its position as a cornerstone of the domestic lithium supply chain critical to securing and sourcing new critical mineral resources for the U.S., driving long-term revenue potential for the company Designated as a Fast-41Transparency Priority Project and subsequently upgraded to a full Covered Project in accordance with President Trump’s March 20th Executive Order “Immediate Measures to Increase American Mineral Production, the TFLP benefits from streamlined federal permitting efforts, accelerating its path to commercialization of a new U.S. lithium resource and domestic production of critical mineral lithium hydroxide (LiOH) The company achieved a critical milestone by completing and submitting all baseline studies for the National Environmental Policy Act (NEPA) review process, a two-year effort involving over 40 regulatory agencies and stakeholders across 21 study areas In October 2025, ABTC published the Pre-Feasibility Study (PFS) for its Tonopah Flats Lithium Project, detailing the technical and financial roadmap for commercialization of this domestic-US critical mineral lithium mine and refinery. The study supports the project’s robust economic potential and potential strategic importance as a cornerstone of the domestic critical mineral lithium supply chain. Projected production of 30,000 tonnes per year of lithium hydroxide monohydrate (LHM), with project economics calculated for a 45-year life-of-mine After-tax NPV at 8% of $2.57 billion and IRR of 21.8%, underscoring its financial viability Highly competitive production cost of $4,307 per tonne, representing a 9.2% reduction from the Company’s April 2024 Initial Assessment Total TFLP lithium resources (measured, indicated, and inferred) increased approximately 11% to 21.3 million tonnes LHM, and establishment of 2.73 million tonnes of proven (0.98) and probable (1.75) reserves ABTC has successfully advanced its claystone-to-lithium hydroxide pilot plant and is now focused on scaling the pilot plant into a full-scale commercial refinery The company has progressed into the development of its Definitive Feasibility Study, the final phase of engineering and analysis required to move the project into commercial production 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. Inferred Resource Inferred Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. The level of geological uncertainty associated with an Inferred Mineral Resource is too high to apply relevant technical and economic factors likely to influence the prospects of economic extraction in a manner useful for evaluation of economic viability. Because an Inferred Mineral Resource has the lowest level of geological confidence of all mineral resources, which prevents the application of the modifying factors in a manner useful for evaluation of economic viability, an Inferred Mineral Resource may not be considered when assessing the economic viability of a mining project, and may not be converted to a mineral reserve. Indicated Resource Indicated Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of adequate geological evidence and sampling. The level of geological certainty associated with an Indicated Mineral Resource is sufficient to allow a qualified person to apply modifying factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Because an Indicated Mineral Resource has a lower level of confidence than the level of confidence of a Measured Mineral Resource, an Indicated Mineral Resource may only be converted to a Probable Mineral Reserve. Measured Resource Measured Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of conclusive geological evidence and sampling. The level of geological certainty associated with a Measured Mineral Resource is sufficient to allow a qualified person to apply modifying factors, as defined in this section, in sufficient detail to support detailed mine planning and final evaluation of the economic viability of the deposit. Because a Measured Mineral Resource has a higher level of confidence than the level of confidence of either an Indicated Mineral Resource or an Inferred Mineral Resource, a Measured Mineral Resource may be converted to a Proven Mineral Reserve or to a Probable Mineral Reserve. Mineral Reserve Mineral Reserve is an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project. More specifically, it is the economically mineable part of a measured or indicated mineral resource, which includes diluting materials and allowances for losses that may occur when the material is mined or extracted. Probable Mineral Reserve Probable Mineral Reserve is the economically mineable part of an indicated and, in some cases, a measured mineral resource. Proven Mineral Reserve Proven Mineral Reserve is the economically mineable part of a measured mineral resource and can only result from conversion of a measured mineral resource. Pre-Feasibility Study A Preliminary Feasibility Study (or Pre-Feasibility Study) is a comprehensive study of a range of options for the technical and economic viability of a mineral project that has advanced to a stage where a qualified person has determined (in the case of underground mining) a preferred mining method, or (in the case of surface mining) a pit configuration, and in all cases has determined an effective method of mineral processing and an effective plan to sell the product. A Pre-Feasibility Study includes a financial analysis based on reasonable assumptions, based on appropriate testing, about the modifying factors and the evaluation of any other relevant factors that are sufficient for a qualified person to determine if all or part of the Indicated and Measured Mineral Resources may be converted to mineral reserves at the time of reporting. The financial analysis must have the level of detail necessary to demonstrate, at the time of reporting, that extraction is economically viable. A Pre-Feasibility Study is less comprehensive and results in a lower confidence level than a feasibility study. A Pre-Feasibility study is more comprehensive and results in a higher confidence level than an Initial Assessment. Initial Assessment An Initial Assessment is a preliminary technical and economic study of the economic potential of all or parts of mineralization to support the disclosure of mineral resources. The Initial Assessment must be prepared by a qualified person and must include appropriate assessments of reasonably assumed technical and economic factors, together with any other relevant operational factors, that are necessary to demonstrate at the time of reporting that there are reasonable prospects for economic extraction. An Initial Assessment is required for disclosure of mineral resources but cannot be used as the basis for disclosure of mineral reserves. An Initial Assessment is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied that would enable them to be classified as mineral reserves. There is no certainty that the economic results of an initial assessment will be realized. The mineral resource estimates presented in the ABTC Tonopah Flats Initial Assessment were performed by third-party, qualified person RESPEC, LLC and were classified by geological and quantitative confidence in accordance with the Securities and Exchange Commission (SEC) Regulation S-K 1300. 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. Forward looking statements include, among other things, statements concerning: offtake agreements with customers; the Company’s future sales of products to customers, including the amounts, timing, and types of products included within those sales; potential loans, grants, and debt financing arrangements, including due diligence, the amount and type of debt, its syndication, and the schedule for closing; the scale of the battery recycling operations; the anticipated production from the integrated pilot facility; the scale, construction, and operation of the battery recycling operations, integrated pilot facility, Tonopah Flats Lithium Project, and commercial lithium mine and refinery; and the costs, schedules, production and economic projections associated with the foregoing. 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, 2025. The Company assumes no obligation to update any of the information contained or referenced in this press release. 1NON-GAAP FINANCIAL MEASURES To supplement its financial information, the Company has presented, and/or may discuss on the conference call, adjusted measures. All adjusted measures are non-GAAP financial measures, as defined in Regulation G of the Securities Exchange Act of 1934, as amended. The Company reports its financial results in compliance with GAAP but believes that also discussing non-GAAP measures provides investors with (i) financial measures the Company uses in the management of its business and (ii) additional, meaningful comparisons of current results to prior periods’ results by excluding items that the Company does not believe reflect its fundamental business performance and are not representative or indicative of its results of operations. The quantitative reconciliations of non-GAAP measures to the most comparable GAAP measures are included in the accompanying schedules. Non-GAAP measures should not be considered a substitute for financial measures presented in accordance with GAAP. Attachments AMERICAN BATTERY TECHNOLOGY COMPANY AMERICAN BATTERY TECHNOLOGY COMPANY CONTACT: Tiffiany Moehring American Battery Technology Company 720.254.1556 [email protected]

American Battery's first commercial recycling plant hit a record quarter with about $4.8 million in product revenue (~$5.1 million total) while operating cash costs (~$4.9 million) put the facility close to cash break-even as output scales. The company finished the quarter with roughly $48.7 million in cash (also cited as ~$47.9M), has paid off its debt to reach zero debt, and appointed Alex Flores as CFO to support growth and financing. On primary lithium, the Tonopah Flats PFS for a 30,000 tpy plant showed attractive returns (after-tax NPV ~8%, modeled cost just over $4,300/ton), the project is a FAST-41 priority with NEPA permitting underway, and a definitive feasibility study is expected shortly. Interested in American Battery Technology Company? Here are five stocks we like better. 3 Stocks to Benefit From China’s Rare Earth Export Ban on U.S. American Battery Technology (NASDAQ:ABAT) used its fiscal second-quarter 2026 earnings call to highlight record revenue from its first commercial-scale lithium-ion battery recycling facility, continued work on a second recycling plant in the Southeast U.S., and ongoing permitting and engineering efforts for its Tonopah Flats lithium hydroxide project. CEO and CTO Ryan Melsert reiterated that the company is focused on building a “closed-loop” battery materials infrastructure with two core business units: lithium-ion battery recycling and primary lithium production from claystone. Melsert said recycling can help “close the loop” by returning critical minerals from battery waste streams back to domestic customers, but because the number of batteries in the field continues to grow, additional supply is needed to “fill the loop the first time.” ABAT’s claystone-to-lithium-hydroxide work is intended to address that incremental demand using a U.S.-based mineral resource and internally developed extraction and refining technologies. → AMD’s Post-Earnings Dip Looks Like the Buying Window Bulls Wanted For the quarter ended December, Melsert said ABAT generated approximately $4.8 million in product revenue and about $300,000 in interest income, totaling roughly $5.1 million for the period. He described the quarter as a record for the facility and said the company “broke all of our records” on revenue. Melsert emphasized that operating costs rose more slowly than revenue as the company scaled output at its first recycling plant. He said the company incurred about $4.9 million in cash expenses to operate the plant during the quarter and about $6.4 million when including non-cash costs such as depreciation and stock-based compensation. Based on those figures, he said ABAT is “getting to the point where the amount of revenue and interest income we’re generating is very close to the amount of cash costs it requires to run this plant,” and that the company is working on additional ramp-up steps and operational efficiencies as it moves through the break-even point and seeks to improve margins. → The New Defense Prime: Ondas Buys the Kill Chain Melsert also noted the pace of growth, stating that revenue in the December quarter was greater than the prior four quarters combined, which he characterized as “much greater than linear growth” as operations scale. On liquidity, Melsert said ABAT ended the quarter with a cash balance of $48.7 million (later summarized as approximately $47.9 million), attributing the increase to market actions in the fall and warrant exercises by existing shareholders. He said the company plans to use its cash to continue scaling operations at the first recycling plant, add value-add processes, and advance two additional facilities. → Palantir’s Perfect 10: Blowout Earnings Spark a New Bull Case He added that ABAT paid off remaining debt or convertible notes during the quarter and said the company now has zero debt, describing it as a strong balance sheet position alongside the higher cash balance. The company also announced an executive addition: Alex Flores is set to join as Chief Financial Officer beginning the following Monday. Melsert said Flores brings more than 20 years of experience leading finance organizations in the battery and automotive sectors in North America, including work on government-related projects and financing proposals and experience driving operational improvements. Melsert said the company has been receiving significant volumes of battery material from the automotive sector and an increasing amount from stationary grid and battery energy storage system applications. He said the company continues to receive material tied to previously announced large projects and is focused on improving plant efficiency through economies of scale and workforce learning. He also highlighted that ABAT has received CERCLA certification, which he said is rare and enables the company to receive certain types of material from stationary facilities across the country. Melsert said ABAT works with the EPA to manage the certification and is receiving material from various applications nationwide. On expansion, Melsert said ABAT is moving forward with the design and construction of a second battery recycling facility in the Southeast U.S., noting that team members have been on site in recent months working with local and strategic partners. In its primary lithium business, Melsert said ABAT continues advancing its Tonopah Flats Lithium Project, which aims to produce battery-grade lithium hydroxide from claystone. He said ABAT built an integrated demonstration-scale facility about two years ago and has been running it to show how the company processes claystone from its own mine through extraction, purification, conversion, and crystallization into a final lithium hydroxide product. Melsert said the project was selected in the prior summer and fall by the Trump administration as a priority project. As a result, he said ABAT has been assigned a liaison from the FAST-41 Permitting Council and holds weekly meetings to accelerate federal permitting, with status reflected on the FAST-41 public dashboard. He said ABAT has completed submission steps for baseline studies and is in the NEPA process with the Department of the Interior and the Department of Energy, a process he said has been underway since spring 2023. Melsert also discussed the company’s pre-feasibility study (PFS) published last fall for a 30,000-ton-per-year facility, modeled with a 45-year mine life. He said the PFS showed “very attractive returns,” including an after-tax net present value “of about 8%,” and cited a modeled production cost of “just over $4,300 per ton” of product. He said the company’s resource and reserve estimates have been updated multiple times, and that the PFS included about 21.3 million tons of lithium hydroxide accessible, with a portion upgraded into proven and probable reserves. Looking ahead, Melsert said ABAT is working on a definitive feasibility study expected to be published “shortly,” describing it as the final step toward a bankable design to support investor engagement and to finalize offtake agreements. In the call’s only audience question, AGP Managing Director and Head of Metals and Mining Research Jake Sekelsky asked about progress on ramping the company’s “$30 million EPA cleanup agreement.” Melsert said the question referred to the Moss Landing project in Northern California, which has been undergoing decommissioning for many months. He said ABAT has been receiving material from that facility since the end of the summer and that it represents a substantial portion of feed into ABAT’s factory, while also noting the company has other feedstock sources across the stationary market, automotive market, and consumer electronics. Melsert said ABAT expects to receive “substantially more material” from the project and described the relationship as a partnership. American Battery Technology Company (NASDAQ: ABAT) is a U.S.-based company focused on developing domestic supply chain solutions for critical battery metals. The company's core activities span from exploration and extraction of lithium resources to the design and operation of recycling facilities targeted at end-of-life batteries and manufacturing scrap. By integrating upstream resource development with downstream recycling, ABAT aims to create a closed-loop system that bolsters North American battery manufacturing. On the resource side, American Battery Technology holds lithium claystone claims in Nevada's Clayton Valley and is advancing a pilot direct-extraction facility designed to recover lithium and other valuable metals from brines. The article "American Battery Technology Q2 Earnings Call Highlights" was originally published by MarketBeat.

Reno, Nev., Feb. 05, 2026 (GLOBE NEWSWIRE) -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery minerals company that is commercializing its internally-developed technologies for both primary battery critical minerals manufacturing and secondary critical minerals lithium-ion battery recycling, expects to release its second quarter fiscal year (FY) financial results on February 5, 2026, and the company will host an earnings call on Thursday, February 5, at 4:30 p.m. ET. Those interested in viewing the livestream can visit: American Battery Technology Company Livestream FY26 Q2. The livestream replay and any related presentation will also be made available at www.americanbatterytechnology.com/events-presentations. 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. Forward looking statements include, among other things, statements concerning: offtake agreements with customers; the Company’s future sales of products to customers, including the amounts, timing, and types of products included within those sales; potential loans, grants, and debt financing arrangements, including due diligence, the amount and type of debt, its syndication, and the schedule for closing; the scale of the battery recycling operations; the anticipated production from the integrated pilot facility; the scale, construction, and operation of the battery recycling operations, integrated pilot facility, Tonopah Flats Lithium Project, and commercial lithium mine and refinery; and the costs, schedules, production and economic projections associated with the foregoing. 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, 2025. The Company assumes no obligation to update any of the information contained or referenced in this press release. CONTACT: Tiffiany Moehring American Battery Technology Company 720.254.1556 [email protected]

Substantial Quarterly Revenue Increase Year-Over-Year; Company Secures Historic Battery Recycling Contract with Potential $30 Million in Proceeds Reno, Nev., Nov. 07, 2025 (GLOBE NEWSWIRE) -- American Battery Technology Company (NASDAQ: ABAT), an integrated critical battery minerals company that is commercializing its internally-developed technologies for both primary battery critical minerals manufacturing and secondary critical minerals lithium-ion battery recycling, released its financial results for the first quarter of its fiscal year (FY) 2026, which ended on September 30, 2025. The quarter was marked by a substantial increase in cash balance, extinguishment of all outstanding debt and convertible notes, significant operational milestones, commercial facility enhancements, and major commercial wins that position American Battery Technology Company (ABTC) for continued growth. Financial Highlights, Q1 Fiscal 2026: The company increased cash and restricted cash to $30.9 million as of September 30, 2025, compared to $12.5 million as of the quarter ended June 30, 2025. Cash balance was further increased to $55.6 million as of November 5, 2025. During the quarter ended September 30, 2025, all the company’s outstanding convertible notes were converted and extinguished, and the company currently has zero long term debt. In October 2025, ABTC published the S-K 1300 Technical Report and Pre-Feasibility Study (PFS) for its Tonopah Flats Lithium Project (TFLP). The PFS indicates that this commercial scale critical mineral mine and refinery has a projected after-tax net present value (NPV) of $2.57 billion at an 8% discount rate, 21.8% IRR, and 7.5 year payback from initial investment. Additional details available in full text of the PFS. On November 6, 2025, ABTC announced that it had been awarded a contract and had already started receiving material from a grid scale battery energy storage system (BESS) near Monterey, California as part of the largest lithium-ion battery cleanup operation in U.S. Environmental Protection Agency (EPA) history. The project’s BESS has up to 100,000 damaged battery modules, and at current market prices, if ABTC were to process all of the battery materials from the site, the value of recycled products generated from these materials is estimated at approximately $30 million. ABTC implemented several weeks of facility enhancements within the quarter ended September 30, 20205 to be able to successfully meet the requirements of this contract and to be able to process the variety of types of damaged materials within this project. Along with the facility enhancements, recycled products were manufactured to generate revenue of $0.9 million within the three months ended September 30, 2025, as compared to $0.2 million for the three months ended September 30, 2024, an increase of over 350%. Total cost of goods sold was $4.5 million for three months ended September 30, 2025, compared to $2.5 million for the three months ended September 30, 2024. Excluding non-cash items such as depreciation and stock-based compensation, the cash cost of goods sold1 (a non-GAAP measure) for the three months ended September 30, 2025 was $3.3 million. A reconciliation GAAP to non-GAAP cost of goods sold Battery Recycling Highlights: Scaling to Meet Demand In spring 2025, ABTC underwent an arduous audit and review process and successfully received formal approval from the EPA for its battery recycling facility in Nevada to receive waste material under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). ABTC is now approved as one of the only battery recyclers in the Western U.S. capable of receiving batteries that have been damaged and classified as CERCLA waste, such as battery materials that have been involved in large-scale BESS thermal events and fires. In support of the rapid U.S. buildout of datacenters for artificial intelligence, machine learning, and cybersecurity applications, ABTC’s recycling facility is now receiving substantial quantities of feed material for recycling from stationary battery energy storage systems (BESS), in addition to feed material from end-of-life electric vehicles and consumer electronics. On July 15, 2025, ABTC announced that it was selected for a competitively awarded $1 million agreement by the DOE's Argonne National Laboratory ReCell Center to support the commercialization of its internally developed technology for domestic manufacturing of critical mineral lithium hydroxide. In September 2025, the company announced a strategic partnership with Call2Recycle, the nation's largest consumer battery stewardship and collection program, to advance lithium-ion battery recycling for consumers across the United States. This collaboration expands ABTC’s business model from primarily business-to-business operations to include a direct-to-consumer recycling channel, creating a more robust circular economy for essential battery metals. Primary Lithium from Claystone Manufacturing Highlights: Securing a Domestic Supply Chain In June 2025, the ABTC Tonopah Flats Lithium Project (TFLP) was selected by the FAST-41 Permitting Council and the National Energy Dominance Council (NEDC) as a Transparency Priority Project in accordance with President Trump’s March 20th Executive Order “Immediate Measures to Increase American Mineral Production” in order to “identify priority projects that can be immediately approved or for which permits can be immediately issued, and take all necessary or appropriate actions within the agency’s authority to expedite and issue the relevant permits or approvals.” In August 2025, the TFLP was subsequently upgraded to a full Covered Project by the FAST-41 Permitting Council, resulting in even further resources being assigned towards the streamlining of these federal permitting efforts. ABTC has completed and submitted all required baseline studies to the U.S. Bureau of Land Management, a critical milestone for the National Environmental Policy Act (NEPA) review process. These comprehensive baseline studies represent over two years of dedicated work across 21 studies spanning biological, ecological, hydrological, geological, cultural, and socio-economic areas, conducted with over 40 regulatory agencies and stakeholders. During the quarter, ABTC published the Pre-Feasibility Study (PFS) for its Tonopah Flats Lithium Project, detailing the technical and financial roadmap for commercialization of this domestic-US critical mineral lithium mine and refinery. The study supports the project’s robust economic potential and potential strategic importance as a cornerstone of the domestic critical mineral lithium supply chain. Facility production of 30,000 tonnes per year of lithium hydroxide monohydrate (LHM), with project economics calculated for a 45-year life-of-mine After-tax NPV at 8% of $2.57 billion and IRR of 21.8%. Highly competitive production cost of $4,307 per tonne, representing a 9.2% reduction from the Company’s April 2024 Initial Assessment. Total TFLP lithium resources (measured, indicated, and inferred) increased approximately 11% (as compared to the Initial Assessment Report) to 21.3 million tonnes LHM, and establishment of 2.73 million tonnes of proven (0.98) and probable (1.75) reserves. On Thursday, November 13, 2025, ABTC will host its Annual Shareholders’ Meeting, beginning at 12:00 p.m., Pacific Time. Shareholder questions may be submitted before and during the Annual Shareholders’ Meeting. All questions should comply with the Rules of the Meeting. To submit questions in advance of the Annual Shareholders’ Meeting, please email [email protected] by 5:00 p.m. on Wednesday, November 12, 2025. A webcast of the presentation will be available for one year at: https://www.virtualshareholdermeeting.com/ABTC2025. 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. Inferred Resource Inferred Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. The level of geological uncertainty associated with an Inferred Mineral Resource is too high to apply relevant technical and economic factors likely to influence the prospects of economic extraction in a manner useful for evaluation of economic viability. Because an Inferred Mineral Resource has the lowest level of geological confidence of all mineral resources, which prevents the application of the modifying factors in a manner useful for evaluation of economic viability, an Inferred Mineral Resource may not be considered when assessing the economic viability of a mining project, and may not be converted to a mineral reserve. Indicated Resource Indicated Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of adequate geological evidence and sampling. The level of geological certainty associated with an Indicated Mineral Resource is sufficient to allow a qualified person to apply modifying factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Because an Indicated Mineral Resource has a lower level of confidence than the level of confidence of a Measured Mineral Resource, an Indicated Mineral Resource may only be converted to a Probable Mineral Reserve. Measured Resource Measured Mineral Resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of conclusive geological evidence and sampling. The level of geological certainty associated with a Measured Mineral Resource is sufficient to allow a qualified person to apply modifying factors, as defined in this section, in sufficient detail to support detailed mine planning and final evaluation of the economic viability of the deposit. Because a Measured Mineral Resource has a higher level of confidence than the level of confidence of either an Indicated Mineral Resource or an Inferred Mineral Resource, a Measured Mineral Resource may be converted to a Proven Mineral Reserve or to a Probable Mineral Reserve. Mineral Reserve Mineral Reserve is an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project. More specifically, it is the economically mineable part of a measured or indicated mineral resource, which includes diluting materials and allowances for losses that may occur when the material is mined or extracted. Probable Mineral Reserve Probable Mineral Reserve is the economically mineable part of an indicated and, in some cases, a measured mineral resource. Proven Mineral Reserve Proven Mineral Reserve is the economically mineable part of a measured mineral resource and can only result from conversion of a measured mineral resource. Pre-Feasibility Study A Preliminary Feasibility Study (or Pre-Feasibility Study) is a comprehensive study of a range of options for the technical and economic viability of a mineral project that has advanced to a stage where a qualified person has determined (in the case of underground mining) a preferred mining method, or (in the case of surface mining) a pit configuration, and in all cases has determined an effective method of mineral processing and an effective plan to sell the product. A Pre-Feasibility Study includes a financial analysis based on reasonable assumptions, based on appropriate testing, about the modifying factors and the evaluation of any other relevant factors that are sufficient for a qualified person to determine if all or part of the Indicated and Measured Mineral Resources may be converted to mineral reserves at the time of reporting. The financial analysis must have the level of detail necessary to demonstrate, at the time of reporting, that extraction is economically viable. A Pre-Feasibility Study is less comprehensive and results in a lower confidence level than a feasibility study. A Pre-Feasibility study is more comprehensive and results in a higher confidence level than an Initial Assessment. Initial Assessment An Initial Assessment is a preliminary technical and economic study of the economic potential of all or parts of mineralization to support the disclosure of mineral resources. The Initial Assessment must be prepared by a qualified person and must include appropriate assessments of reasonably assumed technical and economic factors, together with any other relevant operational factors, that are necessary to demonstrate at the time of reporting that there are reasonable prospects for economic extraction. An Initial Assessment is required for disclosure of mineral resources but cannot be used as the basis for disclosure of mineral reserves. An Initial Assessment is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied that would enable them to be classified as mineral reserves. There is no certainty that the economic results of an initial assessment will be realized. The mineral resource estimates presented in the ABTC Tonopah Flats Initial Assessment were performed by third-party, qualified person RESPEC, LLC and were classified by geological and quantitative confidence in accordance with the Securities and Exchange Commission (SEC) Regulation S-K 1300. 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. Forward looking statements include, among other things, statements concerning: offtake agreements with customers; the Company’s future sales of products to customers, including the amounts, timing, and types of products included within those sales; potential loans, grants, and debt financing arrangements, including due diligence, the amount and type of debt, its syndication, and the schedule for closing; the scale of the battery recycling operations; the anticipated production from the integrated pilot facility; the scale, construction, and operation of the battery recycling operations, integrated pilot facility, Tonopah Flats Lithium Project, and commercial lithium mine and refinery; and the costs, schedules, production and economic projections associated with the foregoing. 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, 2025. The Company assumes no obligation to update any of the information contained or referenced in this press release. 1 NON-GAAP FINANCIAL MEASURES To supplement its financial information, the Company has presented, and/or may discuss on the conference call, adjusted measures. All adjusted measures are non-GAAP financial measures, as defined in Regulation G of the Securities Exchange Act of 1934, as amended. The Company reports its financial results in compliance with GAAP but believes that also discussing non-GAAP measures provides investors with (i) financial measures the Company uses in the management of its business and (ii) additional, meaningful comparisons of current results to prior periods’ results by excluding items that the Company does not believe reflect its fundamental business performance and are not representative or indicative of its results of operations. The quantitative reconciliations of non-GAAP measures to the most comparable GAAP measures are included in the accompanying schedules. Non-GAAP measures should not be considered a substitute for financial measures presented in accordance with GAAP. Attachments American Battery Technology Company American Battery Technology Company CONTACT: Tiffiany Moehring American Battery Technology Company 720.254.1556 [email protected]