American Battery Technology Company (ABAT) operates at the center of the domestic battery supply chain, focusing on the sustainable production of critical battery metals. The company's business model is built on two primary pillars: the recycling of spent lithium-ion batteries and the extraction of primary battery metals from domestic resources. ABAT utilizes a proprietary, closed-loop extraction technology to recover high-value metals—including lithium, nickel, cobalt, and manganese—from end-of-life batteries and manufacturing scrap. In addition to its recycling operations at its commercial-scale facility in McCarran, Nevada, the company is advancing its primary resource development through the Tonopah Flats Lithium Project in Nevada, which is recognized as one of the largest lithium deposits in the U.S. Revenue is primarily generated from the sale of recycled battery-grade materials to customers such as battery manufacturers, automakers, and cathode producers. In its fiscal year 2025 and early 2026, the company saw a significant ramp-up in commercial operations, transitioning from a pre-revenue development stage to generating millions in quarterly product sales. ABAT's competitive position is strengthened by its internally developed extraction technologies, strategic partnerships with industry leaders, and substantial backing from U.S. Department of Energy grants and tax credits aimed at securing a domestic supply chain for critical minerals.
