ABTC achieves first recycled battery revenue in FY24; wins $150M DOE grant for second recycling facility

AMERICAN BATTERY TECHNOLOGY Co

First revenue from sale of Black Mass from its 20,000 tonnes/yr battery recycling facility commissioned in FY24.
Government grant funding rose to $3.3M (vs $0.9M prior year); cash on hand $7M as of June 30, 2024.
Selected for $150M DOE grant for second recycling facility (100,000 tonnes/yr capacity), expected kickoff 2025.
Raised $25M senior secured convertible notes; $18M redeemed/converted; no plans to use remaining facility.
CEO Ryan Melsert highlights rapid commercialization; pilot plant produced battery-grade LiOH from Nevada claystone.

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