American Battery Technology Co Reports 64% Q3 Revenue Surge and $2M Gross Margin
American Battery Technology Co posted record Q3 revenue of $7.8 million, up 64% quarter-over-quarter, and achieved its first positive adjusted gross margin of $2 million while holding $38.5 million cash. It is building a second recycling facility in southeastern U.S. and advancing federal permitting for Tonopah Flats lithium project.
1. Q3 Financial Highlights
In Q3 2026, American Battery Technology Co generated record revenue of $7.8 million, marking a 64% increase quarter-over-quarter. The company achieved its first positive adjusted gross margin of $2 million, reflecting improved operational efficiency at its Reno recycling facility.
2. Balance Sheet Position
The company ended the quarter with $38.5 million in cash and no debt. This strong balance sheet supports ongoing operations and funds planned capacity expansions without reliance on external borrowing.
3. Recycling Facility Expansion
Construction has begun on a second critical mineral recycling facility in the southeastern U.S., expanding processing capacity beyond the initial Reno site. The new facility is expected to enhance throughput and support larger-scale battery material recovery.
4. Tonopah Flats Lithium Project
Federal permitting for the Tonopah Flats lithium project has been streamlined, advancing the project’s development timeline. Progress on federal approvals positions the company to ramp up lithium extraction once permits are secured.