ABAT
American Battery Technology Company

American Battery Technology CompanyABAT

Industrials · Waste Management
1.34USD
+12.13%
Nov 08, 2026
ABAT overview ready
Domestic Lithium Extraction and Battery Recycling Operations in Nevada
ABAT operates a Nevada lithium-ion battery recycling facility that recovers battery metals and is advancing the Tonopah Flats Nevada lithium project and associated lithium-hydroxide refining capacity.
Primary theme is lagging
Critical Materials is lagging (-15.2pp vs SPY over 21 sessions; 0 of 14 members ahead of SPY).
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.
Fundamentals not measured
Primary risk
Commodity price volatility for lithium and other critical minerals.
Market Nov 6Filing Jun 30Price action Nov 7Research Aug 28

Conviction Level

PriceAction1.4BusinessPerformance—BusinessQuality—Valuation3.5ThemeMomentum1.0A revenue trend needs at least three unbroken comparable quarters, so none is read here.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−15.2pp
Theme return
−20.2%
Beating SPY
0 of 14
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$191.1M
Avg Volume (60D)
3.2M
60 sessions
Revenue Growth YoY
+406.8%
FY2026 vs FY2025
Gross Margin
-14.2%
Trailing twelve months
Operating Margin
-343.6%
Trailing twelve months
Free Cash Flow Yield
-19.0%
Distance from 200DMA
-53.0%
Next Earnings
2026-11-09
P/E
N/M
Market metrics as of Nov 6, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Business Performance

Insufficient evidence

A revenue trend needs at least three unbroken comparable quarters, so none is read here.

Latest reported: Q4 FY2026, ended Jun 30
Revenue growthNot enough data
+197%
$8.2M in Q4 FY2026 · YoY
Not enough comparable quarters for a YoY sequence.
Earnings growthLoss widening
-$20.0M
Net income -$20.0M. EPS for this quarter is not in the quarterly data read here.
Not enough comparable diluted EPS quarters for a YoY sequence.
Operating marginNot enough data
—
No year-ago comparison · gross margin 15.7% (+108.3 pp)

Business Quality

Not assessed

Not assessed yet — the business is too early-stage for its economics to show in filings.

Fundamentals & Valuation

Both valuation perspectives agree this company is cheap. The published stance is held at fair because no positive free cash flow behind the low multiple.
American Battery Technology Company has a Fair valuation stance because the price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.

What changed

  • ABAT rose 11.7% in one session
    ABAT closed +11.7% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
ABAT operates a Nevada lithium-ion battery recycling facility that recovers battery metals and is advancing the Tonopah Flats Nevada lithium project and associated lithium-hydroxide refining capacity. ABAT Battery Materials Processing theme and has direct operating exposure rather than broad commodity adjacency.
Opportunity
High opportunity
Domestic processing, refining, and recycling capacity for lithium and other battery materials, supported by supply-chain localization, energy-security, and strategic-minerals policy.
Key risk
Commodity price volatility for lithium and other critical minerals.

Economic classification

Loading the economic classification…

Business & Markets

Industrials · Waste Management
What they do

American Battery Technology Company explores and develops critical minerals such as lithium, nickel, cobalt, manganese, copper, aluminum, and graphite in the U.S., and commercializes technologies for extracting and recycling these minerals, including lithium-ion battery recycling.

How it earns

Revenue is generated primarily through project-based sales and commercialization of battery materials extraction and recycling technologies.

Products & services
Critical minerals exploration and extraction
Lithium-ion battery recycling
Lithium-hydroxide refining technology
Customers & end markets
Battery manufacturers
Electric vehicle supply chain
Renewable energy storage sectors
Market position

Niche player focused on integrated domestic lithium extraction and recycling within the U.S. Critical minerals supply chain.

Demand drivers
High cyclicality

Business depends on demand for battery materials linked to electric vehicle and renewable energy markets, which are sensitive to commodity cycles and policy shifts.