**American Battery Technology Company (NASDAQ: ABAT) posted robust financials** in its Q3 FY25 results, showcasing tripling quarterly revenue from battery recycling—a $1.0 million haul—while keeping cost control razor-thin, with the cash cost of goods sold climbing just 9% to $2.3 million. The firm maxed out its 24/7 operations to achieve a 120% surge in recycling throughput, mirroring the relentless pace of the EV battery supply chain race. Meanwhile, its Nevada-based lithium hydroxide pilot plant, fed by homegrown claystone resources, has reached operational milestones, signaling vertical integration ambitions ahead of its 30,000-tonne commercial refinery project. Speaking of which: the Export-Import Bank’s eye-popping $900 million Letter of Interest (LOI) floods confidence into ABAT’s U.S.-centric lithium strategy, a move positioned to undercut Asian-dominated processing dominance.
Momentum is fueling the cash tank, too. With a current $7.8 million liquidity buffer and $11.45 million earmarked from property divestitures, the company’s evading the equity dilution trap of cash-strapped peers. Government grant reimbursements leapfrogged to $2.0 million (vs. $1.3 million YoY), easing R&D strain as it scales from lab to gigafactory dreams. Investors will be watching if this federal brass—bolstered by Ex-Im’s nod—positions ABAT to mine, refine, and recycle without burning through rocketfuel-like cash burn.
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