American Battery Technology Company

What American Battery Technology Company does

American Battery Technology Company (NASDAQ: ABAT) is a Nevada-headquartered, US-domiciled critical battery materials company operating three integrated business units: lithium-ion battery recycling, primary metals manufacturing, and primary resource development. The recycling unit operates a commercial-scale facility in McCarran, Nevada (built 2023) using a proprietary selective hydrometallurgical process paired with an internal demanufacturing step to recover lithium, cobalt, nickel, and manganese from end-of-life batteries and manufacturing scrap; the primary metals unit conducts extraction R&D at the University of Nevada Reno's Nevada Center for Applied Research and Greentown Labs; and the primary resource unit is developing the Tonopah Flats Lithium Project — one of the largest identified US lithium deposits — with an inferred resource of 15.8 million tons of lithium carbonate equivalent and a planned commercial-scale refinery.

The company generates revenue by selling recovered battery-grade metals and lithium hydroxide to enterprise customers including cathode active materials producers (e.g., BASF), battery cell manufacturers, and automotive OEMs. Q3 FY2026 revenue was $7.8M (+64% QoQ, +680% YoY), with the first nine months of FY2026 at $13.5M (+792% YoY) and the first-ever positive gross margin of $0.7M recorded in the quarter. The technology stack differentiates on cost ($4,307/tonne vs. $7,000–$9,000/tonne for conventional producers), on environmental footprint (recycling emits 58%–81% less GHG than conventional mining), and on regulatory standing (EPA CERCLA permitting for hazardous battery waste). Distribution is exclusively direct enterprise sales in the US, supported by an offtake-style model and channel partnerships (Call2Recycle for collection, Renewance for lifecycle services).

Capital structure is unusually federal-tilted for a public small-cap: $38.5M cash, $0 debt, and a federal funding stack comprising a reinstated $57M DOE grant (2026), a $150M DOE grant (2025), a $40.5M IRS 48C tax credit (2024), a $1M Argonne award (2025), a $900M EXIM letter of interest (2025), and an EPA contract estimated at $30M. The Tonopah Flats project carries a Pre-Feasibility Study after-tax NPV of $2.57B (8% discount) and 21.8% IRR. The company is led by CEO Ryan Melsert, a former Tesla Gigafactory founding engineer, and was founded in 2017.

Name

American Battery Technology Company

Legal name

American Battery Technology Company

Website

https://americanbatterytechnology.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

101–250 employees

Short description

American Battery Technology Company (NASDAQ: ABAT) is a Nevada-based critical battery materials company operating lithium-ion battery recycling, primary metals manufacturing, and claystone-to-lithium extraction businesses, selling recovered metals and battery-grade lithium hydroxide to enterprise customers including battery manufacturers and OEMs.

Ownership category

akta.pro rank

Product category

Critical Battery Materials / Lithium Hydroxide and Recycled Metals

NAICS

Materials Recovery Facilities (562920), Hazardous Waste Treatment and Disposal (562211), Battery Manufacturing (33591)

SIC

Metal Mining (1000), Hazardous Waste Management (4955), Refuse Systems (4953)

akta.pro primary industry

Battery Recycling & Materials Recovery (Li-ion, LFP, Flow, Lead-Acid) (EUAMALAE)

akta.pro secondary industries

Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Compliance, EPR & Battery Passport Services (Regulatory Reporting, Traceability, Audits) (EUAFACAJ), Collection, Logistics & Reverse Supply Chain (Transport, Sorting, Tracking) (EUAFACAA)

Keywords

• Lithium-ion battery recycling
• Primary battery metals
• Lithium hydroxide production
• Critical mineral extraction
• Battery materials manufacturing

Headquarters

HQ city

Reno

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Battery Recycling and Material Recovery: ABTC operates lithium-ion battery recycling facilities that process end-of-life batteries from EVs, consumer electronics, and energy storage systems into recoverable critical minerals including lithium, cobalt, nickel, and manganese. The company sells the recovered materials back into the battery manufacturing supply chain.
2. Lithium Hydroxide Production and Sales: The company manufactures and sells battery-grade lithium hydroxide from both recycled sources and primary claystone extraction at Tonopah Flats. Revenue generated from the sale of refined lithium products to cathode active materials producers and battery manufacturers.
3. Critical Mineral Black Mass Processing: Processing of lithium-ion batteries into black mass intermediate material and refining intermediates into battery-grade nickel, cobalt, manganese and lithium hydroxide products for sale to battery materials manufacturers.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

American Battery Technology Company operates a lithium-ion battery recycling facility that processes end-of-life batteries and manufacturing waste into recoverable critical minerals (lithium, cobalt, nickel, manganese) sold back into the battery supply chain. The company is also developing the Tonopah Flats Lithium Project in Nevada, using a proprietary claystone-to-lithium hydroxide extraction process to manufacture battery-grade lithium hydroxide from domestic sedimentary claystone resources.

Product overview

American Battery Technology Company (ABTC) is an integrated critical battery materials company that operates three diversified business units: (1) Lithium-Ion Battery Recycling - processes end-of-life batteries and manufacturing waste into recoverable critical minerals using selective hydrometallurgical processes; (2) Primary Metals Manufacturing - develops and evolves extraction technologies at R&D centers including UNR and Greentown Labs; and (3) Primary Resource Development - extracts lithium from Nevada-based sedimentary claystone at Tonopah Flats using proprietary processing technologies. The company also operates an integrated demonstration facility for claystone-to-lithium hydroxide production. ABTC's closed-loop system recovers lithium, cobalt, nickel, and manganese for reintegration into battery supply chains.

Differentiator

Problem solved

Functional benefit

Products and services

• Lithium-Ion Battery Recycling Universal lithium-ion battery recycling system that separates and recovers individual elemental metals (lithium, cobalt, nickel, manganese) from end-of-life batteries including consumer electronics, stationary storage applications, electric vehicles, and defects/waste from battery manufacturing facilities.
• Primary Metals Manufacturing Development and evolution of proprietary extraction technologies at ABTC's Research Development Center, including novel electrochemical lithium hydroxide processing systems that reduce harmful chemical agents in lithium production.
• Primary Resource Development Internally-developed processing train for manufacturing battery cathode grade lithium hydroxide from Nevada-based sedimentary claystone resources near Tonopah, using a novel method with lower acid consumption, lower contaminants, and lower production costs.
• Tonopah Flats Lithium Project One of the largest identified lithium deposits in the US with inferred resource of 15.8 million tons of lithium carbonate equivalent. Includes both mining operations and commercial-scale refinery for battery-grade lithium hydroxide production.
• Black Mass Processing Processing of lithium-ion batteries into black mass intermediate material, which is then refined into battery-grade nickel, cobalt, manganese, and lithium hydroxide products through hydrometallurgical processing.
• First-of-Kind Integrated Demonstration Facility Nevada-based claystone integrated demonstration facility that successfully manufactured lithium hydroxide from domestically-sourced resources, demonstrating commercially-viable lithium product production with internally-developed processing technologies.

Quantifiable outcome

• Cost of production at $4,307/tonne lithium hydroxide monohydrate vs. $7,000-$9,000/tonne for conventional producers
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and secondary.

• Black & VeatchcoreImplementation/ SI/ Consulting Partner · 1 January 2026Global engineering, procurement, and construction solutions leader working with ABTC to commercially scale the lithium refinery component at Tonopah Flats. Black & Veatch brings multidisciplinary expertise for first-of-kind project execution and real-time problem-solving.
• BASFcoreStrategic or Co-development PartnerCathode active materials (CAM) producer that manufactures CAM at its Michigan facility using recycled metals purchased from ABTC. This partnership closes the loop on battery production by returning recovered materials to the manufacturing supply chain.
• Call2RecyclecoreChannel Partner/ Reseller/ DistributorBattery collection partner that expands consumer access to lithium-ion battery recycling. Collects end-of-life batteries which are processed at ABTC's recycling facilities.
• RenewancesecondaryStrategic or Co-development PartnerBattery lifecycle management company providing diagnostics and related services in partnership with ABTC's recycling and refinement operations.
• Argonne National LaboratorycoreTechnology or Integration$1 million collaborative agreement with DOE's Argonne National Laboratory to advance ABTC's electrochemical lithium hydroxide manufacturing technology. Leverages Advanced Photon Source (APS) and Aurora Exascale Supercomputer for optimization.
• Nevada Center for Applied Research (NCAR) at UNRcoreTechnology or IntegrationABTC's Research Development Center is located at the University of Nevada Reno's Nevada Center for Applied Research, where the team develops and evolves extraction technologies.
• Greentown LabssecondaryTechnology or IntegrationCleantech incubator where ABTC maintains a presence for technology development and innovation.
• USABC (United States Advanced Battery Consortium)coreStrategic or Co-development PartnerCollaboration with USABC to recycle metals into cathode materials that are reintegrated into new battery cells, closing the loop on battery production.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ascend Elements: Ascend Elements recovers critical battery materials from end-of-life lithium-ion batteries and upcycles black mass into cathode active materials, directly overlapping ABTC's recycling and primary metals manufacturing business units.
• Cirba Solutions: Cirba Solutions is a North American battery materials and recycling company processing lithium-ion batteries into black mass and refined metals, directly competing for the same end-of-life feedstock and OEM customers.
• SungEel HiTech: SungEel HiTech is one of the largest lithium-ion battery recyclers globally, operating hydrometallurgical processing to recover Li/Ni/Co/Mn — directly comparable in process architecture and end-market to ABTC.
• Redwood Materials: Founded by former Tesla CTO JB Straubel, Redwood Materials is a leading lithium-ion battery recycling and cathode active materials company with direct overlap on recycling feedstocks, hydrometallurgical processing, and OEM/gigafactory customers.
• Li-Cycle Holdings: Li-Cycle operates a global lithium-ion battery recycling network using a spoke-and-hub hydrometallurgical process to produce black mass and battery-grade materials — a directly comparable recycler competing for the same OEM and consumer electronics feedstock.

Broad incumbents

• Albemarle Corporation: Albemarle is one of the world's largest lithium producers with diversified brine and hard-rock operations, supplying battery-grade lithium hydroxide and carbonate to the same OEMs and cathode active material producers ABTC targets.
• Arcadium Lithium (Livent/Allkem): Arcadium Lithium is a vertically integrated lithium chemicals producer supplying battery-grade lithium hydroxide to global OEMs, comparable to ABTC's primary metals manufacturing and Tonopah Flats lithium hydroxide ambitions at a much larger scale.
• Glencore: Glencore is one of the world's largest producers of cobalt and nickel and a major trader/refiner of battery raw materials, broadly comparable to ABTC's critical mineral recovery and refining focus across Li/Ni/Co/Mn.

Emerging players

• Standard Lithium: Standard Lithium is developing direct lithium extraction (DLE) technology from US brine resources and lithium hydroxide conversion, a comparable emerging US-based primary lithium producer pursuing similar off-take with battery and auto customers.
• Piedmont Lithium: Piedmont Lithium is developing US-based lithium resources (spodumene hard-rock) and battery-grade lithium hydroxide conversion, comparable to ABTC's Tonopah Flats resource development and lithium hydroxide production strategy.

Market position

Strengths5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/abt_company
• YouTubeyoutube.com/c/AmericanBatteryTechnology
• Facebookfacebook.com/ABTCompany
• LinkedInlinkedin.com/company/abtcompany
• Instagraminstagram.com/abt_company

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds12 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about American Battery Technology Company