American Battery (ABAT) Reports Record Fiscal Q3 Revenue

American Battery Technology Company (NASDAQ:ABAT) is one of the 10 Best Electric Vehicle Supply Chain Stocks to Invest In.

On May 11, 2026, American Battery Technology Company (NASDAQ:ABAT) reported Q3 revenue of $7.8M. During the quarter, the company said it significantly ramped and streamlined operations at its Nevada critical mineral recycling facility, resulting in record revenue that increased 64% quarter over quarter, while cost of goods sold rose only 11% over the same period. The company also achieved its first positive gross margin.

American Battery Technology Company (NASDAQ:ABAT) said the increased throughput at its recycling facility enabled it to benefit from favorable market conditions and strengthen its position as a major critical mineral recycler in the United States. CEO Ryan Melsert described the achievement of positive gross margin as a significant milestone that supports self-sustaining operations at the company’s recycling facility. Melsert added that the gross profit generated from the facility will help fund the continued expansion of its first recycling operation, development of a second recycling facility, and the construction and ramp-up of its lithium mine and refinery as part of efforts to build a closed-loop domestic critical mineral supply chain in the United States.

On April 28, 2026, Maxim initiated coverage of American Battery Technology Company (NASDAQ:ABAT) with a Buy rating and a $6 price target on the shares.

American Battery Technology Company (NASDAQ:ABAT) develops battery materials technologies and explores for battery metals, including lithium, nickel, cobalt, and manganese, in the United States.

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