�� $ABAT

American Battery Technology Company (ABAT) is quickly becoming one of the most interesting bets on U.S. lithium independence and the global EV supply chain shift.

�� What They Do:
• Recycle used lithium-ion batteries to recover lithium, nickel, cobalt, manganese.
• Develop new extraction and refining tech for lithium from Nevada claystone.
• Build a closed-loop domestic supply chain — from recycled cells to refined materials.

⚙️ Recent Moves & Catalysts:
• Revenue nearly tripled YoY as recycling output ramps up.
• Won DOE & Argonne Lab grants for advanced lithium recovery.
• Secured $900M LOI for its Tonopah Flats lithium refinery project.

�� Global Context
China recently tightened export controls on several rare-earth and battery-grade minerals, including graphite and gallium, critical to EV and defense supply chains.


⚠️ Risks:
• Still unprofitable, relying on dilution and grants.
• $50M ATM offering adds dilution pressure.
• Execution and permitting delays could hit timelines.

@Market