Weโre excited to share that we have achieved record-breaking results and our first-ever positive gross margin in Q3 FY2026! Our revenue grew an incredible 64% quarter-over-quarter while cost of goods sold increased only 11% over this same period.
As one of the dominant critical mineral recyclers in the U.S., we significantly ramped and streamlined operations at our Nevada battery recycling facility and this substantial growth in the throughput has allowed us to capitalize on strong market conditions.
โDemonstrating positive gross margin from operations is a major milestone that many growth companies never achieve and allows us to enable self-sustaining operations of our critical mineral recycling facility,โ stated American Battery Technology Company CEO Ryan Melsert. โThe gross profit generated by this facility provides additional resources as we continue to scale the operations at this first critical mineral recycling facility, construct and bring to operations our second recycling facility, and construct and ramp our critical mineral lithium mine and refinery to support the U.S. establishing dominance with a closed loop domestic critical mineral supply chain.โ
Will will host a listen-only earnings webcast today, Monday, May 11 at 4:30 p.m. ET. Those interested in viewing the livestream can visit: https://t.co/Y5A5PO4uS2
The livestream replay and any related presentation will also be made available at https://t.co/jNLBcvaTY7
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