ABTC Hits Key Milestone, Fuels US Drive for Battery Metal Independence

RENO, NV – February 06, 2026 – American Battery Technology Company (ABTC) announced record-breaking quarterly revenue and a pivotal financial milestone, signaling a successful transition from development to commercial-scale operations in the race to build a domestic supply chain for critical battery minerals.

In its fiscal second-quarter results for the period ending December 31, 2025, the Nevada-based company reported that revenue from its expanding manufacturing and recycling operations soared to $4.8 million. This figure represents more revenue than the previous four quarters combined and a staggering year-over-year increase of over 1,300% from the $332,000 reported in the same quarter of the prior fiscal year. The results underscore the company's rapid operational scaling and its growing role in the U.S. electrification effort.

A Financial Turning Point

Beyond the headline revenue figure, ABTC achieved a critical cash flow turning point that has caught the attention of industry analysts. For the first time, the company's combined revenue and interest income, totaling $5.1 million for the quarter, surpassed its cash cost of goods sold, which stood at $4.9 million. This non-GAAP measure, which excludes non-cash expenses like depreciation, demonstrates that the core operations are now generating enough cash to cover the direct costs of production—a vital sign of increasing operational efficiency and a path toward sustained profitability.

“We are extremely proud that as we have successfully ramped throughput and implemented operational efficiencies at our critical mineral facilities, that we have now for the first time completed a quarter where our revenue from operations and interest income are greater than the cash cost of goods sold,” stated American Battery Technology Company CEO Ryan Melsert in the company's announcement.

This achievement is bolstered by a fortified balance sheet. ABTC ended the quarter with a healthy $48.7 million in cash and, significantly, zero debt. The company noted that the strong cash position, one of its highest in years, was bolstered by warrant exercises from existing investors, reflecting confidence in its growth trajectory. This financial strength provides a crucial runway for its ambitious expansion plans without the burden of debt service.

From Waste to Wealth: Recycling Drives Revenue

The primary engine behind ABTC's recent revenue surge is its battery recycling division. The company's Nevada-based lithium-ion battery recycling facility has dramatically increased its processing volumes, tackling high-value feed materials from end-of-life electric vehicles, large-scale Battery Energy Storage Systems (BESS), and consumer electronics.

ABTC holds a key competitive advantage with its facility’s Environmental Protection Agency (EPA) permit under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). This rare certification allows it to process CERCLA-classified hazardous waste, opening up lucrative revenue streams, including material from significant environmental cleanup sites. This capability sets it apart from many competitors in the rapidly growing battery recycling market, which includes major players like Redwood Materials and Li-Cycle.

The company is not resting on its current success. ABTC is accelerating plans for a second, much larger battery recycling facility to be constructed in the U.S. Southeast. This expansion is backed by a substantial $144 million competitive grant from the U.S. Department of Energy and is projected to have approximately five times the throughput capacity of its current Nevada plant. The project is further supported by up to $60 million in federal tax credits, highlighting the significant government backing for building a circular battery economy.

Unlocking Nevada's Lithium Treasure

While recycling provides the current cash flow, ABTC’s long-term vision is anchored by a massive primary mineral resource: the Tonopah Flats Lithium Project (TFLP) in central Nevada. This project aims to extract lithium from a vast claystone deposit, recognized as one of the largest known lithium resources in the United States.

A Pre-Feasibility Study (PFS) published in late 2025 outlined the project's immense economic potential, projecting an after-tax Net Present Value (NPV) of $2.57 billion and a robust Internal Rate of Return (IRR) of 21.8% over a 45-year mine life. The study anticipates an annual production of 30,000 tonnes of battery-grade lithium hydroxide at a highly competitive cost, crucial for supplying the burgeoning EV and energy storage industries.

The project's strategic importance has been recognized at the federal level. It has been designated a "Covered Project" under the Fast-41 act, a status designed to streamline and expedite the complex federal permitting process for critical infrastructure. Further validating its potential, ABTC has received an approved Letter of Interest from the U.S. Export-Import Bank for a potential $900 million low-interest loan to finance the construction of the commercial-scale mine and refinery. The company is now advancing toward a Definitive Feasibility Study, the final engineering step before a final investment decision.

This two-pronged strategy—aggressively scaling immediately profitable recycling operations while simultaneously developing a world-class primary lithium source—positions ABTC at the heart of the United States' efforts to secure a resilient and independent supply chain for the minerals powering the green energy transition.