ABAT secures direct sale of recycled black mass to domestic partner; agrees $1.8M settlement with Mercuria

AMERICAN BATTERY TECHNOLOGY Co

Entered binding purchase agreement for accumulated recycled black mass with a domestic strategic customer; no volume or value disclosed.
Shifted from indirect marketing through agents to direct domestic sales to support North American circular battery supply chain.
Settled marketing dispute with Mercuria Energy America: six monthly payments of $300,000 each, total $1.8 million.
Upon completion of payments, both parties release all claims; Settlement Agreement dated July 3, 2024.
ABTC's commercial recycling plant began operations in October 2023; second phase (hydrometallurgical refining) is under implementation.

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