Q4 2024 American Battery Technology Co Earnings Call Transcript
Key Points
- American Battery Technology Co (ABAT) has successfully transitioned from bench scale to commercial operations for its lithium-ion battery recycling system.
- The company has secured significant government grants, including a recent $150 million federal grant, which will support future projects.
- ABAT has generated its first revenue from the sale of recycled metals, marking a significant milestone in its commercial journey.
- The company has increased its cash balance to $7 million as of the end of June, reflecting improved financial stability.
- ABAT has established strategic partnerships with major industry players, including BASF and various automotive OEMs, enhancing its market position.
- The company faces substantial risks and uncertainties, including fluctuating mineral and commodity prices and the ability to obtain necessary financing.
- ABAT has incurred significant expenses related to ramping up operations, including increased operating expenses and the cost of a convertible note option.
- The company is still in the early stages of commercializing its technologies, which may pose challenges in scaling up operations efficiently.
- There is a heavy reliance on government grants and tax credits for funding, which may not be sustainable in the long term.
- The company has yet to fully draw down on several large grants, indicating potential delays in project execution and cash flow realization.
Good afternoon, everyone. I'm excited to welcome you to our first earnings call. My name is Jesse Deutsch, I'm CFO at American Battery Technology Company. We appreciate you attending and listening in I'm joined by Ryan Melsert, our CEO, and I will now read the forward-looking statements. Ryan if you could please flip over to there.
So this presentation contains forward-looking statements within the meaning of the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, although American Battery Technology Company's also known as the management -- the company, management believes such forward-looking statements are reasonable, it cannot guarantee that such expectations are or will be correct.
These forward-looking statements involve a number of risks and uncertainties which could cause the company's future results to differ materially from those anticipated. Potential risks and uncertainties include,
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