American Battery Technology Company (ABAT) Registration Filing summary

Company overview and business model

• Operates as an integrated critical battery materials company focused on increasing domestic U.S. production of lithium, nickel, cobalt, and manganese through resource exploration, extraction technology, and lithium-ion battery recycling.

• Implements a three-pronged strategy: new resource exploration, advanced extraction technologies, and closed-loop battery recycling.

• Commissioned its first integrated lithium-ion battery recycling facility, prioritizing ramp-up and operations, and expanding technical staff and laboratory capacity.

• Awarded multiple federal grants and tax credits, including $144 million from the DOE and $60 million in tax credits, to support facility construction and technology development.

• Holds one of the largest identified lithium resources in the U.S. and is advancing commercialization of lithium extraction from Nevada-based claystone.

Financial performance and metrics

• Completed construction and commissioning of a pilot plant for lithium hydroxide production.

• Began generating revenue in Q4 of fiscal 2024 following commissioning of the recycling plant.

• Audit report notes recurring losses, negative cash flows, and an accumulated deficit, raising substantial doubt about ability to continue as a going concern.

• Market price of common stock fluctuated between $0.73 and $3.85 per share during fiscal 2025.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including working capital, capital expenditures, operations, and potential acquisitions.

• Specific use of proceeds for each offering will be detailed in the relevant prospectus supplement.