Press release
American Battery Technology Company Announces First Quarter Fiscal 2026 Financial Results
Substantial Quarterly Revenue Increase Year-Over-Year; Company Secures Historic Battery Recycling Contract with Potential $30 Million in Proceeds Reno, Nev.,
About this update from American Battery Technology Company
[{"type":"text","content":"Substantial Quarterly Revenue Increase Year-Over-Year; Company Secures Historic Battery Recycling Contract with Potential $30 Million in Proceeds\nReno, 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...