secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN BATTERY TECHNOLOGY Co (ABAT)
CIK:        0001576873
Form:       8-K
Filed at:   2024-09-25T23:59:59+00:00
Accession:  0001493152-24-038126
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576873/000149315224038126/0001493152-24-038126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576873/000149315224038126/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-038126

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