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RENO, Nev. - American Battery Technology Company (NASDAQ: ABAT), a critical battery materials firm with a market capitalization of $86 million, has more than doubled its production of recycled battery materials in the latest quarter ending March 31, 2025, compared to the prior quarter. The increase is attributed to the company’s move to continuous 24/7 operations and enhancements in manufacturing throughput at its lithium-ion battery recycling facility. According to InvestingPro data, analysts anticipate a substantial 311% revenue growth for the company in fiscal year 2025.
CEO Ryan Melsert highlighted the progress, stating that operational improvements have significantly boosted production quality and output. The company’s advancements also include securing recurring large-scale battery shipments from automotive OEMs and selling commercial quantities of low-impurity intermediate black mass material, which has fetched favorable prices due to its industry-defined low-impurity levels. Despite these developments, InvestingPro analysis reveals the company faces challenges with cash burn and profitability, with the stock experiencing a 41.7% decline over the past year. InvestingPro subscribers have access to 8 additional key insights about ABAT’s financial health and market position.
American Battery Technology Company is preparing to integrate a chemical extraction train into the facility, which is expected to further refine recycled products into high-purity cathode grade metals. The company’s recycling facility employs novel technologies designed to process various lithium-ion battery sizes, shapes, and chemistries, making it feedstock-agnostic. The first phase produces materials such as copper, aluminum, steel, and black mass, while the upcoming second phase will refine these into battery-grade materials.
The ramp-up in production coincides with a growing global need for lithium-ion battery recycling, driven by a 50% year-over-year increase in global electric vehicle sales and a significant rise in the retirement of early EV batteries. ABTC’s technologies aim to meet this demand while mitigating reliance on imported materials and fostering a sustainable supply chain.
The company’s ongoing efforts position it as a leader in sustainable battery materials manufacturing, catering to both domestic and global strategic customers. It is important to note that the information provided is based on a press release statement from American Battery Technology Company.
In other recent news, American Battery Technology Company announced the upcoming retirement of its Chief Financial Officer, Jesse Deutsch, effective January 31, 2025. Paul McGarry, currently the company’s Controller, will take over as interim CFO beginning February 1, 2025. McGarry brings a wealth of experience from previous roles, including positions at Rockwell Medical, Inc., Alyvant, Inc., and Champions Oncology, Inc. Additionally, the company has regained compliance with Nasdaq’s minimum bid price requirement. This compliance ensures that American Battery Technology’s stock will continue to be listed on the Nasdaq Stock Market, which is critical for maintaining liquidity and accessibility for investors. The company received confirmation from Nasdaq that its stock had met the required closing bid price of $1.00 per share for over ten consecutive business days. This achievement underscores the company’s commitment to maintaining the standards required for continued listing on a major stock exchange. These developments are based on recent filings with the Securities and Exchange Commission.
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