ABAT

In the past six months, American Battery Technology Co. (ABAT) reported record fiscal year 2026 financial results, with a 407% year-over-year revenue increase to $21.7 million and its first-ever positive adjusted gross profit of approximately $1.7 million, while its cash balance increased to $49.5 million with no outstanding debt. A significant positive event was the successful appeal and reinstatement of a $57 million grant from the U.S. Department of Energy for a commercial-scale critical mineral lithium refinery at its Tonopah Flats Lithium Project, and the Bureau of Land Management accepted ABAT's plan of operations for its Nevada lithium project. However, the company faced a regulatory headwind with a Department of Commerce directive banning black mass exports, leading ABAT to request an exception and temporarily store black mass. Shareholders experienced substantial dilution, with common shares outstanding increasing by approximately 45% due to an at-the-market equity program that raised $65.8 million. ABAT's stock price has been highly volatile, with a 52-week range between $2.00 and $11.49.