American Battery Technology Co
NASDAQ:ABAT
American Battery Technology Co
American Battery Technology Co. is a startup company in the lithium-ion battery industry. The company is headquartered in Reno, Nevada. The company went IPO on 2015-10-15. The Company’s clean technology platform is used in the batteries that power electric cars, grid storage applications, consumer electronics and tools. The firm offers range of services lithium-ion battery recycling and reuse battery metals, extraction, and exploration. The firm sourced battery metals through its three divisions: lithium-ion battery recycling, primary battery metal extraction technologies, and primary resources development. The Company’s mining division is focused on exploration and production of battery metals, specifically lithium, focused on its assets in Nevada. Its Silver State is an emerging, lithium-rich resource for new mining practices.
American Battery Technology Co. is a startup company in the lithium-ion battery industry. The company is headquartered in Reno, Nevada. The company went IPO on 2015-10-15. The Company’s clean technology platform is used in the batteries that power electric cars, grid storage applications, consumer electronics and tools. The firm offers range of services lithium-ion battery recycling and reuse battery metals, extraction, and exploration. The firm sourced battery metals through its three divisions: lithium-ion battery recycling, primary battery metal extraction technologies, and primary resources development. The Company’s mining division is focused on exploration and production of battery metals, specifically lithium, focused on its assets in Nevada. Its Silver State is an emerging, lithium-rich resource for new mining practices.
Record Revenue: The company reported record-high revenue for the quarter, selling about $4.8 million in products and earning $300,000 in interest income.
Near Breakeven: Cash expenses were about $4.9 million, bringing operations close to breakeven at the first recycling facility.
Strong Balance Sheet: Ended the quarter with approximately $48 million in cash and zero debt following payoff of all outstanding notes.
Operational Scale-Up: Revenue this quarter exceeded the previous four quarters combined, reflecting significant operational ramp-up.
Facility Expansion: Progress is underway on a second battery recycling facility in the Southeast U.S. and ongoing advancements at the lithium hydroxide project.
Strategic Certification: The company received CERCLA certification, allowing it to handle unique materials from stationary energy storage sites.
