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American Battery Technology
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Recycles batteries and extracts battery metals
American Battery Technology
Work Here?
Recycles batteries and extracts battery metals
Overview
American Battery Technology focuses on securing battery material supplies through three main activities: recycling used lithium-ion batteries, extracting metals from battery materials, and developing primary mineral resources. Its products and services enable the batteries that power electric vehicles, grid storage, and consumer electronics while promoting environmental and ethical sourcing. The company recovers valuable metals from spent batteries, processes them for reuse, and pursues new mineral resources to feed the battery supply chain. Unlike firms that rely solely on mining or recycling, ABAT combines advanced recycling, metal extraction technologies, and new mine development to create a more integrated, responsible supply of battery materials. The overarching goal is to provide a stable, ethical, and environmentally sound source of critical battery materials to support electric mobility and energy storage at scale.
About American Battery Technology
Industries
Industrial & Manufacturing
Energy
Company Size
51-200
Company Stage
IPO
Headquarters
Tonopah, Nevada
Founded
2011
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Simplify's Take
What believers are saying
- ABAT posted $7.8 million revenue on May 11, 2026, up 64% sequentially.
- May 13, 2026 confirmation of a Southeast second site promises much larger recycling capacity.
- Fast-41 designation and DOE support accelerate Tonopah Flats, improving financing and construction timelines.
What critics are saying
- ABAT has diluted shareholders heavily; weighted shares jumped from 76.6 million to 131.9 million.
- Tonopah Flats still needs permitting, construction, and ramp execution before 5,000-ton capacity arrives.
- A Nevada recycle-plant outage or feedstock shortage would crush revenue and force another equity raise.
What makes American Battery Technology unique
- ABAT runs one of America’s few commercial lithium-ion recycling plants, operational since October 2023.
- June 2026 DOE reinstated ABAT’s $115 million Tonopah Flats grant, validating its Nevada refinery.
- ABAT achieved first positive gross margin on May 11, 2026, proving near-term operating leverage.
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Funding
Total Funding
$132M
Above
Industry Average
Funded Over
5 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Parental Leave
Employee Assistance Program
Stock Options
Stock Price
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 0%2 year growth
↓ -1%American Battery Technology Company (NASDAQ:ABAT) reported record fiscal Q3 revenue of $7.8 million on 11 May 2026, marking a 64% increase quarter over quarter. The company achieved its first positive gross margin whilst cost of goods sold rose only 11% over the same period. The revenue growth came from ramped operations at its Nevada critical mineral recycling facility. CEO Ryan Melsert said the positive gross margin milestone supports self-sustaining operations and will fund expansion of the recycling facility, development of a second facility, and construction of a lithium mine and refinery. On 28 April 2026, Maxim initiated coverage of American Battery with a Buy rating and $6 price target. The company develops battery materials technologies and explores for battery metals in the United States.
American Battery Technology Company (NASDAQ:ABAT) received a Buy rating from Maxim on 28 April, with a price target of $6, implying 75.70% upside from its current price of $3.42. The independent investment research firm initiated coverage ahead of the company's Q3 fiscal results, scheduled for release on 13 May. The Nevada-based battery recycling company reported Q2 2026 revenue of $4.76 million and a strong cash balance of $48.7 million. Founded in 2011, American Battery Technology focuses on sustainable production of battery-grade materials through commercial-scale recycling of lithium-ion batteries and development of primary lithium resources. The company is expanding operations in both recycling and lithium extraction, expected to drive continued revenue momentum in Q3.
American Battery Technology Company reported $4.8 million in revenue for Q2 2026, marking a year-over-year increase of over 1,300%. Combined with interest income, the total reached $5.1 million, exceeding cash cost of goods sold of $4.9 million for the first time. Revenue growth was driven by increased processing volumes at the company's Nevada recycling facility, which became operational in early 2025. The firm is developing a second recycling facility in the Southeast US with five times the capacity of its current site. The company's Tonopah Flats Lithium Project received Fast-41 designation to accelerate federal permitting. A pre-feasibility study published in October 2025 outlines a 45-year mine life with projected annual production of 30,000 tonnes of lithium hydroxide monohydrate.
Reno, Nev., Dec. 26, 2024 (GLOBE NEWSWIRE) -- American Battery Technology Company (NASDAQ: ABAT), an integrated critical battery materials company that...
American Battery Technology Company (NASDAQ: ABAT) announced a $5M registered direct offering, involving 5M shares at $1.00 each and warrants for an additional 5M shares at $1.10, exercisable for five years. The offering, expected to close by December 23, 2024, includes two institutional investors, with A.G.P./Alliance Global Partners as the sole placement agent. Net proceeds will be reduced by fees, expenses, and a 20% excess cash payment to existing debtholders.
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About American Battery Technology
Industries
Industrial & Manufacturing
Energy
Company Size
51-200
Company Stage
IPO
Headquarters
Tonopah, Nevada
Founded
2011
American Battery Technology is Hiring for 14 Jobs on Simplify!
Find jobs on Simplify and start your career today