American Battery Technology Company Reports Record Revenue and Positive Adjusted Gross Profit
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RENO, Nev., Sept. 14, 2026 /CourierPR/ -- American Battery Technology Company, a leading domestic critical mineral manufacturing firm, reported record-breaking financial results for the fiscal year ended June 30, 2026. The company saw a 407% increase in revenue, reaching $21.7 million, compared to $4.3 million in the previous fiscal year. This significant growth was driven by increased recycling facility throughput, higher production of byproducts, and improved product pricing.
Despite the substantial increase in revenue, the company managed to keep its cost of goods sold in check, rising only 67% to $24.8 million from $14.9 million in the previous year. These operational efficiencies contributed to the company achieving its first-ever positive adjusted gross profit of $1.7 million, compared to a loss of $6.2 million in the previous fiscal year.
The company's cash balance also saw a substantial improvement, increasing to $49.5 million as of June 30, 2026, from $7.5 million in the previous year. Total assets grew to $132.8 million, reflecting the company's continued expansion and investment in its critical mineral manufacturing and recycling initiatives.
The company's critical mineral recycling operations saw significant progress. The 20,000 tonnes per year first commercial-scale lithium-ion battery recycling facility continued to ramp up, increasing its processing rates and recycled critical mineral production. The facility achieved record annual recycling revenue through increased throughput and the manufacturing of byproducts, supporting the proliferation of domestic data centers and artificial intelligence training models.
The company also secured a major contract to recycle batteries from the largest lithium-ion battery cleanup project in U.S. history, representing an estimated $30 million project opportunity. Additionally, American Battery Technology Company partnered with The Battery Network to expand lithium-ion battery collection and recycling infrastructure across the United States.
In the realm of lithium production, the company published a Pre-Feasibility Study for its Tonopah Flats Lithium Project, detailing approximately 21.3 million tonnes of lithium hydroxide monohydrate resource, including 2.7 million tonnes classified as proven and probable reserves. The company continued to advance its domestic lithium claystone mine and refinery, capable of producing approximately 30,000 tonnes per year of battery-grade lithium hydroxide.
American Battery Technology Company also received certification from the U.S. Bureau of Land Management for its mine and refinery Plan of Operations, marking a significant milestone in the project's commercialization. The company was selected by the National Energy Dominance Council and the FAST-41 Permitting Council for designation as a Priority Project, streamlining federal permitting activities.
The company's integrated strategy, combining battery recycling, domestic resource development, and advanced mineral processing technologies, continued to gain traction. This approach is aimed at building a secure, resilient, and domestically sourced critical minerals supply chain, crucial for the transition to electrification and sustainable energy.
Overall, American Battery Technology Company's financial performance and operational advancements underscore the growing importance of domestic critical mineral manufacturing and recycling in the U.S. battery supply chain.