ABAT

This article first appeared on GuruFocus. Release Date: September 14, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. American Battery Technology Co (NASDAQ:ABAT) achieved a 400% increase in revenue to $21.7 million for fiscal year 2026, demonstrating significant growth. The company reported its first-ever positive adjusted gross profit of $1.7 million, a substantial improvement from a $6.2 million loss the previous year. American Battery Technology Co (NASDAQ:ABAT) reduced cash spend on operations by 16% despite increasing throughput, showcasing operational efficiencies. The company has a strong financial position with $49.5 million in cash and zero long-term outstanding debt as of the end of fiscal year 2026. American Battery Technology Co (NASDAQ:ABAT) received certification from the Bureau of Land Management for its plan of operations at the Tonopah Flats Lithium project, advancing the permitting process. The Department of Commerce directive banning black mass exports has forced American Battery Technology Co (NASDAQ:ABAT) to store black mass on-site, with no formal response to its exception request yet. Despite revenue growth, the company's cost of goods sold increased by 67%, indicating ongoing cost pressures. American Battery Technology Co (NASDAQ:ABAT) had a Department of Energy grant canceled and had to appeal to reverse the termination, highlighting potential regulatory risks. The company is still in the pre-NEPA phase for its Tonopah project, with full permitting and construction yet to be completed. American Battery Technology Co (NASDAQ:ABAT) relies heavily on government grants and partnerships, which may be subject to political and budgetary uncertainties. Warning! GuruFocus has detected 3 Warning Signs with ABAT. Is ABAT fairly valued? Test your thesis with our free DCF calculator. Q: What drove the over 400% revenue increase to $21.7 million in fiscal year 2026? A: CEO and CTO Ryan Melsert attributed the substantial revenue growth to significantly ramping operations at the company's first battery recycling facility, achieving economies of scale, and implementing operational efficiencies. He noted that while revenue rose over 400%, cost of goods sold increased only about 67%, and cash spend on operations actually decreased by about 16% despite higher throughput. Q: How did American Battery Technology achieve its first annual adjusted profit? A: CEO and CTO Ryan Melsert explained that higher capacity utilization at the first recycling plant and operational efficiencies led to an adjusted gross profit of about $1.7 million for the year, compared to a $6.2 million loss in the prior year. This marked the company's first-ever positive gross margin on an adjusted basis. Q: What is the status of the Department of Commerce directive banning black mass exports? A: CEO and CTO Ryan Melsert stated that the Department of Commerce issued a directive effectively banning black mass exports unless an exception is obtained. The company has submitted an exception request and responded to follow-up questions, but no formal response has been received. In the interim, ABAT continues to sell other byproducts and is storing black mass at its facility while working closely with Commerce, DOE, and other federal agencies. Q: What progress has been made on the Tonopah Flats lithium project? A: CEO and CTO Ryan Melsert reported that the pre-feasibility study published last fall demonstrated about 21.3 million tonnes of lithium hydroxide resources, including 2.7 million tonnes classified as proven or probable reserves. The company received BLM certification accepting its plan of operations, moving it into the full NEPA process. The project was also selected as a priority project by the National Energy Dominance Council and FAST-41 Permitting Council for streamlined federal permitting. Q: What is the status of the second recycling plant and DOE grants? A: CEO and CTO Ryan Melsert said the second recycling plant in the Southeast US is designed to process about 100,000 tonnes per year, supported by a $150 million DOE grant. Additionally, a $10 million DOE grant is being used to commercialize next-generation recycling technologies. One DOE grant for the claystone project was initially canceled but was fully reinstated after a successful appeal. Q: How strong is the company's balance sheet at the end of fiscal year 2026? A: CEO and CTO Ryan Melsert highlighted that the company increased its cash balance to about $49.5 million as of the end of June, grew its total asset base to approximately $133 million, and has zero long-term outstanding debt. He described these as the strongest financial results in the company's history as an operating company. Q: What partnerships support the recycling business? A: CEO and CTO Ryan Melsert noted a partnership with The Battery Network (formerly Call2Recycle), a leading consumer battery collection company, to collect and recycle batteries nationwide. The company was also selected for one of the largest lithium-ion battery cleanup projects in US history, processing grid-scale batteries that have been through incidents. Q: What are the key sources of feedstock for the recycling plant? A: CEO and CTO Ryan Melsert explained that feedstock comes from a wide variety of sources, including grid-scale battery energy storage systems supporting data centers and AI training models, electric vehicles, battery cell manufacturing, and the consumer electronics market. Q: What is the significance of the DOE leadership visit? A: CEO and CTO Ryan Melsert stated that DOE leadership toured the operating battery recycling plant and the integrated demonstration facility for converting Nevada claystone into battery-grade lithium hydroxide. The visit showcased the company's progress from R&D and bench scale through pilot plants to operating commercial-scale facilities. Q: What are the next steps for the company? A: CEO and CTO Ryan Melsert said the company will hold its formal Annual Shareholder Meeting in November to discuss more details of the past year and steps ahead. The company continues to scale its first recycling plant, develop its second plant, advance the Tonopah Flats lithium project through NEPA, and work with the Department of Commerce on the black mass export exception request. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved first-ever adjusted gross profit of $1.7 million, driven by a 400% revenue increase and the realization of economies of scale at the first recycling facility. Improved operational efficiency by reducing cash spend on operations by 16% despite a fourfold increase in throughput, demonstrating a decoupling of volume from variable costs. Secured a zero long-term debt position while increasing the cash balance to $49.5 million, providing a stable foundation for capital-intensive expansion projects. Advanced the Tonopah Flats Lithium Project by receiving BLM certification for the plan of operations, marking the transition from pre-NEPA to the formal NEPA permitting process. Leveraged federal support through the FAST-41 Permitting Council to streamline multi-agency approvals for critical mineral production facilities. Successfully appealed and reinstated a previously terminated U.S. Department of Energy grant, ensuring continued federal funding for the lithium processing train. Diversified recycling feedstocks to include grid-scale battery energy storage systems supporting data centers and AI models, alongside traditional EV and consumer electronics sources. Developing a second recycling facility in the Southeast U.S. with a 100,000 tons per year capacity, supported by a $150 million DOE grant. Commercializing next-generation recycling technologies through a $10 million DOE grant to integrate laboratory-proven systems into commercial-scale operations. Progressing toward site work and construction at Tonopah Flats following the completion of the NEPA process and final permit acquisitions. Executing customer qualification processes by delivering large-scale batches of battery-grade lithium hydroxide from the integrated demonstration facility. Navigating the U.S. Department of Commerce's export ban on black mass by seeking formal exceptions to resume the export of black mass while continuing to sell other byproducts. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. The U.S. Department of Commerce issued a directive effectively banning the export of black mass, necessitating a temporary storage strategy at ABTC facilities. Selected for one of the largest lithium-ion battery cleanup projects in U.S. history to process grid-scale batteries involved in incidents. Formed a strategic partnership with The Battery Network (formerly Call2Recycle) to enhance domestic collection and closed-loop recycling of consumer batteries. Extinguished all long-term debt as of the end of fiscal year 2026 to de-risk the balance sheet during the growth phase.

Image source: The Motley Fool. Monday, Sept. 14, 2026 at 4:30 p.m. ET Chief Executive Officer and Chief Technology Officer - Ryan Melsert Chief Financial Officer - Alex Flores Tiffiany Moehring: American Battery Technology Company. I would like to welcome everyone to our fiscal full year 2026 earnings call. On behalf of the entire team at American Battery Technology Company, I would like to thank everyone for taking the time to join the call today. Following this presentation, a recording of this call, along with our press release, will be available on our website. This presentation includes forward-looking statements within the meaning of the safe harbor's provision of the Private Securities Litigation Reform Act of 1995. These statements are subject to risk and uncertainties that can cause actual results to differ from those anticipated. Additional information regarding the factors that may cause actual results to differ can be found in our annual filings. On today's call, our Chief Executive Officer and Chief Technology Officer, Ryan Melsert, joined by Alex Flores, our Chief Financial Officer, will provide remarks regarding our two lines of business, which include our lithium-ion battery recycling business and our primary claystone to lithium hydroxide business. It is now my pleasure to turn the meeting over to Ryan. Ryan Melsert: Great. Thank you, Tiffiany, and thank you everybody for joining. We here at the American Battery Technology Company are working to introduce the closed loop supply chain seen on the right here. Many of the other sectors already exist and are mature. However, within the U.S., we have very little production of the critical minerals that are needed to support this domestic closed loop. In order to do that, we have implemented three different technology sets. We have developed and are deploying our technology for the recycling of lithium-ion batteries to help to close this loop. In addition to closing the loop, we also need to fill this loop the first time. So we also have our own mineral resource development with our lithium mine, and we've developed our own internal technologies for the processing of this lithium-bearing claystone into a battery-grade lithium hydroxide product. Through these three units, we are working to enable this closed loop infrastructure within the United States. Over the past year, we have significantly ramped our operations at our first battery recycling facility, and we're proud to state that we have substantially increased revenue compared to the past year. An over 400% increase, up to $21.7 million over the past year. While revenue increased substantially, we had only a moderate increase in our cost of goods sold, increase in about 67% from the previous year. This really is from achieving economies of scale in our recycling facility and implementing many different operational efficiencies throughout our first plant. On a cash basis, even though we substantially increased throughput, we actually decreased cash spend and operations for this plant by about 16%. Because of these increases in throughput and revenue and implementations of operational efficiencies, we were able to turn an annual profit or adjusted profit for the first time. With the removal of these non-cash expenses, we have an adjusted gross profit of about $1.7 million over this past year, compared to a $6.2 million loss over the previous year. Again, this really is the manifestation of much higher capacity factor at our first recycling plant and the implementation of operational efficiencies. Because of these improvements, we have been able to increase our cash balance up to about $49.5 million as of the end of June and increase our total asset base up to about $133 million. We are also proud that over the past year, we have had our fiscal discipline and have zero long-term outstanding debt for the company. All these pieces together show that we have the strongest financial results we have had in any year as an operating company and are in a strong position to keep growing as we move forward. We are excited to work with many partners. One of our closest partners is the U.S. Department of Energy. We were fortunate enough to have a visit and tour by some of the DOE leadership just a few weeks ago. We have multiple projects, both on the battery recycling and on the claystone to lithium refining side, that are supported by the Department of Energy. The leadership was able to come and see our operating battery recycling plant and also see our integrated demonstration facility for how we convert our Nevada-based claystone material into our battery-grade lithium hydroxide. It was great to be able to show these individuals the progress we have made over the past few years as we have moved from R&D level efforts up to bench scale systems to pilot plants and now operating commercial scale facilities. Within the recycling plant itself, we continue to scale this first facility with a design rate of about 20,000 tons per year. We have moved into having our highest annual revenue, really by that increased throughput, additional manufacturing of byproducts, and improved pricing for the products that we sell. The feed for our recycling plant comes in a wide variety of sources. Quite a bit of it now comes from grid-scale battery energy storage systems that are used to support domestic data centers and artificial training models, but also a large amount from electric vehicles, from battery cell manufacturing, and from the consumer electronics market. We have achieved our first ever positive gross margin because of this increase in economy of scale and the implementation of operational efficiencies. Again, we were selected over the year for one of the largest lithium-ion battery cleanup projects in the country's history, working to process a lot of these grid scale batteries that have been through incidences and need to be recycled in a responsible manner. We also work closely with some partners in the collection area. The Battery Network, which was formerly Call2Recycle, is one of the nation's leading consumer battery collection companies. We did form a partnership with them, working to collect batteries throughout the country, recycle them in our facility, and really demonstrate this closed loop supply chain to our partners. We are also continuing to develop our second recycling plant based in the Southeast U.S. that is designed to process about 100,000 tons per year of these batteries, and are continuing to work with the U.S. Department of Energy on the $150 million grant that supports the construction and rollout of this second plant. We also are continuing with a $10 million grant we have from the U.S. Department of Energy. This is really used to commercialize our next generation recycling technologies. There are three of these technologies we have previously proven out at the laboratory and bench scale. Through this support from DOE, we're working to now build commercial scale implementations to integrate into our recycling facility. As we continue to expand our recycling plant, it really does have a lot of synergies with our claystone to lithium hydroxide processing facility to help scale both of these technologies to address our domestic needs. In our claystone lithium business, we've had many achievements over the past year. The highlights are really working to publish our pre-feasibility study last fall. This really demonstrated the technical and financial performance of this system. We showed we have about 21.3 million tons of lithium hydroxide that could be made just from the resources on this site, and that includes about 2.7 million tons that are further classified as proven or probable reserves. We're continuing to develop and roll out our 30,000 ton per year mine and refinery at our property just west of Tonopah, Nevada. We worked closely with U.S. Department of Energy last fall, along with hundreds of other projects. One of our U.S. Department of Energy grants was canceled. We did work closely with DOE and appealed that decision, and over several months of work with them, we were able to reverse that termination and have our grant fully reinstated. As of now, we are working under the same project with the same funding and the same milestones to continue to have the DOE support the construction of that first processing train. Our full Tonopah project is on government-managed land through the U.S. Department of the Interior and Bureau of Land Management. Through BLM and through U.S. Department of Energy as a supporting agency, we are going through the NEPA process, which includes large amounts of baseline studies in additional to having our plan of operations submitted that really show how we plan on developing this property. We were fortunate enough last fall to have completed the baseline studies, and just a few weeks ago, to have received certification from the BLM that they have now accepted our plan of operations. This approaches the end of the pre-NEPA phase of this process and allows us to move into the full NEPA process for the remaining steps to have our permits to begin site work and construction at this property. We were excited last spring that we were selected by President Trump's National Energy Dominance Council and the FAST-41 Permitting Council to be a priority project within the country. This really was chosen for a handful of projects really looking to scale manufacturing facilities to produce critical minerals within the U.S. It really does result in streamlined federal permitting, really working to combine the efforts of the multiple agencies that are needed as we work through this process. We did build and operate an integrated demonstration facility that shows how this technology works. We continue to work with that plant to produce large scale batches of this battery-grade lithium hydroxide product that we've been delivering to customers for evaluation as we work through their qualification processes. The Tonopah Flats Lithium Project is one of the largest lithium resources identified in the U.S. and is something we are working to scale to really address our domestic needs. Summarizing our financial results from the past year, again, we had substantial increase in revenue, over a 400% increase compared to fiscal year 2025. While our cost of goods sold only increased by about 67%. Showing substantial impact of economies of scale, plus the impacts of implementing operational efficiencies. Our cost of goods sold on a cash basis was further improved. While last year we had many review periods working with the federal government, we have even more government contracts in place now and look forward to continuing to work with them as we draw down from those over the next few years. On a cash basis, we continue to invest in our first recycling plant, increasing the amount of equipment that we have as we implement more automated processes. Our operational activities actually used less cash over the past year. Even though we had more than fourfold the throughput, we decreased the cash spend on our operating activities as we again implemented those operational efficiencies. We were able to bring in large amounts of funds through financing activities, and the result is a substantially increased cash balance of about $49.5 million that has allowed us to collect interest over the past year and be ready to expand our facilities as needed. At the same time, we have extinguished all of our long-term debt that was outstanding as of fiscal 2025, and as of the end of fiscal 2026, we have no outstanding long-term debt. There are several updates that have happened in the industry over the past few months. One of them is the U.S. Department of Commerce issued a directive that effectively bans the export of black mass unless there is an exception or adjustment obtained from U.S. Department of Commerce. We've been working closely with Commerce over the past few weeks. We have submitted an exception request. They have replied with several follow-up questions and requests for additional information. However, at this time, there's no formal response as to the status of our exception request. As of now, we continue to sell the byproducts out of our recycling facility, and for the short term, are storing our black mass product at our facility until there is a conclusion with this directive. But working with U.S. Department of Commerce very closely and with support from U.S. Department of Energy and many other federal agencies as this process is being reviewed. With that, we thank everyone for joining this review of our fiscal year 2026 financials, and look forward to having our formal annual shareholder meeting in November to talk through more details of the past year and our steps ahead for the coming year. Thank you everybody for joining today. Before you buy stock in American Battery Technology, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and American Battery Technology wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $433,160!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,296,254!* Now, it’s worth noting Stock Advisor’s total average return is 949% — a market-crushing outperformance compared to 212% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of September 15, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. ABAT Q4 2026 Earnings Call Transcript was originally published by The Motley Fool

Interested in American Battery Technology Company? Here are five stocks we like better. Revenue surged more than 400% to $21.7 million in fiscal 2026 as recycling throughput, byproduct production and pricing improved. The company posted its first annual adjusted profit, with $1.7 million in adjusted gross profit versus a $6.2 million loss the prior year. American Battery Technology expanded its recycling pipeline, including plans for a second facility capable of processing 100,000 tons annually. It also secured major cleanup and battery-collection partnerships while pursuing a $150 million Department of Energy grant. The company is temporarily storing black mass after a Commerce Department directive restricted exports, while its exception request remains under review. Separately, the Tonopah Flats lithium project advanced into the full NEPA review process and continues producing lithium hydroxide samples for customer qualification. 3 Stocks to Benefit From China’s Rare Earth Export Ban on U.S. American Battery Technology (NASDAQ:ABAT) reported a more than 400% increase in fiscal 2026 revenue to $21.7 million, driven by higher throughput at its first lithium-ion battery recycling facility, expanded byproduct manufacturing and improved product pricing, Chief Executive Officer and Chief Technology Officer Ryan Melsert said during the company’s full-year earnings call. Melsert said the company’s cost of goods sold rose about 67% from the prior year, a slower rate than revenue growth, which he attributed to economies of scale and operational improvements at the recycling plant. On a cash basis, operational spending at the facility declined approximately 16% despite increased throughput, he said. → MarketBeat Week in Review – 09/07 - 09/11 The company recorded adjusted gross profit of about $1.7 million for the year, compared with an adjusted gross loss of $6.2 million in fiscal 2025, according to Melsert. He said the result represented American Battery Technology’s first annual adjusted profit after excluding non-cash expenses. As of the end of June, the company had approximately $49.5 million in cash and a total asset base of about $133 million, Melsert said. He added that American Battery Technology had eliminated its long-term outstanding debt by the end of fiscal 2026. → Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy? American Battery Technology’s first recycling facility has a design capacity of roughly 20,000 tons per year. The plant processes lithium-ion battery feedstock from grid-scale energy-storage systems, electric vehicles, battery-cell manufacturing and consumer electronics, Melsert said. He said the company was selected for what he described as one of the country’s largest lithium-ion battery cleanup projects, involving grid-scale batteries that must be recycled following incidents. The company also formed a partnership with The Battery Network, formerly Call2Recycle, to collect consumer batteries across the country and process them at its facility. → Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers American Battery Technology is also advancing plans for a second recycling plant in the Southeast U.S. designed to process about 100,000 tons of batteries annually. The company continues to work with the U.S. Department of Energy on a $150 million grant supporting construction and deployment of that facility, Melsert said. Separately, the company has a $10 million DOE grant intended to help commercialize three next-generation recycling technologies that it has previously tested at laboratory and bench scale. The company is working to build commercial-scale versions for integration into its recycling operations. Melsert noted that the U.S. Department of Commerce recently issued a directive that effectively bans black mass exports unless a company receives an exception or adjustment from the department. Black mass is an intermediate material produced from battery recycling. The company has submitted an exception request and has responded to follow-up questions and requests for information from Commerce, he said. However, Melsert said there has been no formal decision on the request. For now, American Battery Technology continues to sell other recycling byproducts while storing black mass at its facility pending a resolution. Melsert said the company is working with the Commerce Department, with support from the DOE and other federal agencies. Beyond recycling, American Battery Technology is developing its Tonopah Flats Lithium Project west of Tonopah, Nevada, where it plans a 30,000-ton-per-year mine and refinery to produce battery-grade lithium hydroxide from lithium-bearing claystone. Melsert said the company’s pre-feasibility study, published last fall, identified the potential to produce approximately 21.3 million tons of lithium hydroxide from resources at the site. That figure includes about 2.7 million tons classified as proven or probable reserves, he said. A DOE grant related to the project was canceled last fall but was subsequently reinstated after the company appealed the decision, according to Melsert. He said the project is proceeding with the same funding and milestones as before the termination. The Bureau of Land Management recently accepted the company’s plan of operations after completion of baseline studies, allowing the project to move from the pre-NEPA phase into the full National Environmental Policy Act review process. The project was also selected as a priority project by the National Energy Dominance Council and FAST-41 Permitting Council, which Melsert said is intended to streamline coordination among federal agencies. The company has built and operated an integrated demonstration facility and is producing batches of battery-grade lithium hydroxide for delivery to customers undergoing product qualification, Melsert said. American Battery Technology Company (NASDAQ: ABAT) is a U.S.-based battery materials company focused on producing and recycling lithium and other materials used in lithium-ion batteries. The company develops technologies intended to support a domestic, circular battery supply chain for electric vehicles, grid storage systems, consumer electronics and other applications. Its business includes lithium-ion battery recycling, with processes designed to recover battery metals and produce battery-grade materials from end-of-life batteries and manufacturing scrap. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "American Battery Technology Q4 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for September 2026.

Revenue Increased Year-Over-Year to $21.7 Million and Adjusted Gross Profit Turned Positive, Marking a Key Milestone in the Scale-Up of America's Domestic Critical Mineral Manufacturing Industry RENO, Nev., Sept. 14, 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, announced financial results for the fiscal year ended June 30, 2026. Fiscal year 2026 marked a transformational milestone for American Battery Technology Company (ABTC) as it delivered record annual revenue, achieved positive adjusted gross margin, strengthened its balance sheet, and continued advancing its domestic critical mineral recycling and lithium manufacturing initiatives. As the strongest financial results in the company's history, these achievements represent an important milestone in the continued expansion of America's domestic critical mineral manufacturing industry and underscore the increasing role of critical mineral recycling in building a resilient U.S. battery supply chain. "Fiscal 2026 was a defining year for American Battery Technology Company as we delivered the strongest financial results in our company's history while continuing to expand America's domestic critical minerals infrastructure," stated Ryan Melsert, American Battery Technology Company CEO. "These achievements demonstrate our continued success in increasing production volumes, improving operating economics, and scaling a critical domestic source of battery materials. With our growing first recycling facility, development of our second commercial recycling facility, and continued advancement of our Tonopah Flats Lithium Project, we are executing a uniquely integrated strategy that combines battery recycling, domestic critical mineral resource development, and advanced critical mineral processing technologies." Fiscal Year 2026 Financial Highlights: Revenue increased 407% to $21.7 million, compared to $4.3 million in fiscal year 2025, driven by increased recycling facility throughput, increased production of byproducts, and improved product pricing While Revenue grew 407%, cost of goods sold increased by only 67% to $24.8 million, compared to $14.9 million in fiscal year 2025, reflecting the implementation of numerous facility-wide operational efficiencies Adjusted gross profit (non-GAAP), with the removal of non-cash expenses, improved to positive $1.7 million, compared to an adjusted gross loss of $6.2 million in fiscal year 2025, demonstrating substantially improved operating economics as production volumes increased and operational efficiencies were implemented Cash balance increased to $49.5 million as of June 30, 2026, compared to $7.5 million as of June 30, 2025 Total assets increased to $132.8 million, compared to $84.5 million as of June 30, 2025 The company ended fiscal year 2026 with no outstanding debt A reconciliation of cost of goods sold to cash cost of goods sold and adjusted gross margin (both are non-GAAP measures) is as follows: Management uses certain non-GAAP metrics to evaluate our operating and financial results. We believe the presentation of non-GAAP results is useful to investors for analyzing business trends as well as to view the results from management’s perspective. Non-GAAP cost of goods sold excludes certain non-cash charges including depreciation expense and stock-based compensation. Non-GAAP results have limitations as an analytical tool, and you should not consider them in isolation or as a substitute for our results reported under GAAP. Critical Mineral Recycling: Commercial Scale Operations: Continued ramp-up of ABTC's 20,000 tonnes per year first commercial-scale lithium-ion battery recycling facility, increasing processing rates and recycled critical mineral production throughout fiscal 2026. Achieved record annual recycling revenue through increased throughput, manufacturing of byproducts, and growing commercial demand for recycled critical minerals. Ramped manufacturing and sales of recycled products and byproducts derived from lithium-ion batteries from electric vehicles, consumer electronics, and grid-scale battery energy storage systems (BESS) supporting the proliferation of domestic data centers and artificial intelligence (AI) training models. Achieved the company's first-ever positive gross margin during fiscal 2026, demonstrating continued improvements in operational scale and manufacturing efficiency. Selected to recycle batteries from the largest lithium-ion battery cleanup project in U.S. history, representing an estimated $30 million project opportunity and further validating the company's commercial recycling capabilities. Launched a landmark partnership with The Battery Network (formerly Call2Recycle), the nation's leading consumer battery stewardship and collection organization, to expand lithium-ion battery collection and recycling infrastructure across the United States and increase the domestic recovery of critical battery materials. Advanced development for the company's second commercial-scale battery recycling facility, designed to process approximately 100,000 tonnes of battery materials annually. Continued progress under the company's competitively awarded $150 million U.S. Department of Energy grant supporting construction of its second recycling facility. Continued advancement of next-generation critical mineral processing technologies supported by a $10 million U.S. Department of Energy grant for commercial implementation and optimization activities. Continued expanding domestic critical mineral manufacturing capabilities through a uniquely integrated strategy that combines battery recycling, domestic resource development, and advanced mineral processing technologies. Tonopah Flats Lithium Project: Advancing Domestic Lithium Production: Published a milestone Pre-Feasibility Study (PFS) for ABTC’s Tonopah Flats Lithium Project (TFLP), one of the largest identified lithium resources in the United States, detailing approximately 21.3 million tonnes of lithium hydroxide monohydrate resource, including 2.7 million tonnes classified as proven and probable reserves. Continued advancement of domestic lithium claystone mine and refinery capable of producing approximately 30,000 tonnes per year of battery-grade lithium hydroxide. Successfully secured reinstatement of the company's $57.7 million U.S. Department of Energy cooperative agreement supporting construction of the first phase of its commercial-scale lithium hydroxide refinery. Completed National Environmental Policy Act (NEPA) baseline studies for the Tonopah Flats Lithium Project, representing a significant milestone supporting federal permitting activities and advancement toward project commercialization. Received certification from the U.S. Bureau of Land Management that the mine and refinery Plan of Operations for the TFLP has been accepted Selected by President Trump’s National Energy Dominance Council (NEDC) and the FAST-41 Permitting Council for designation as a Priority Project for streamlined federal permitting activities. Continued operation and optimization of the company's integrated lithium hydroxide demonstration facility, producing battery-grade lithium hydroxide samples for customer evaluation and qualification activities. Advanced development of one of the largest identified lithium resources in the United States to support the development of a secure, resilient, and domestically sourced critical minerals supply chain. ABTC will host its FY 2026 earnings call on Monday, September 14, 2026 at 4:30 p.m. Eastern Time. View the Livestream webcast here. The press release, webcast replay, and presentation are available at https://investors.americanbatterytechnology.com. 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 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, 2026. The Company assumes no obligation to update any of the information contained or referenced in this press release. American Battery Technology Company Media Contact: Tiffiany Moehring [email protected] 720-254-1556

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.