Press release
American Battery Technology Company Releases First Quarter Fiscal Year 2024 Financial Report
Company commences battery recycling operations and the manufacturing of recycled products for near-term revenue generation and continues the development of
About this update from American Battery Technology Company
[{"type":"text","content":"Company commences battery recycling operations and the manufacturing of recycled products for near-term revenue generation and continues the development of its primary battery metals resource\nCommencement of operations at commercial lithium-ion battery recycling facility, and successful manufacturing of recycled product for revenue generation;Completion of third Tonopah Flats Lithium Project drill program, intended to improve confidence in the mineral resource estimate and upgrade the third-party analysis to include Measured and Inferred classifications;Contracting of additional grant awards from U.S. Department of Energy, bringing total to approximately $70 million of federal projects being executed concurrently; andCompany listed and began trading under the stock symbol ABAT on the Nasdaq Exchange.RENO, Nev., Nov. 15, 2023 /PRNewswire/ -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, announced its first quarter fiscal year (FY) 2024 financial results, for the period ending September 30, 2023. \n\n \n \n \n \n \n \n\n \nThe American Battery Technology Company commences lithium-ion battery recycling operations.The company continues to implement its market-matched strategic growth trajectory for its lithium-ion battery recycling operations and its diversified business model by also developing and constructing its primary lithium-bearing resource and lithium hydroxide refinery near Tonopah, Nevada to produce domestic battery metal products. This quarter, ABTC noted key milestones towards revenue-generating operations.\nCommencement of Commercial Battery Recycling OperationsABTC has designed, constructed, commissioned, and now begun operations at its first commercial-scale lithium-ion battery recycling facility with a nominal throughput of 20,000 metric tonnes per year when fully ramped. While other prospective battery recyclers within the U.S. have attempted to construct very large facilities that require substantial amounts of capital and battery feed materials to be operational, ABTC recognized the risks associated with this early on. The company strategically chose the design of its first facility to be large enough to demons...