Business Context and Reporting Period
This Form 8-K Current Report was filed by American Battery Technology Company on September 27, 2023. The report discloses a material definitive agreement entered into on the same date with the United States Department of Energy (DOE).
Key Financial Metrics
This filing does not report standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The primary financial data disclosed relates to a specific grant agreement:
- Total Project Value: $20,000,000
- DOE Cost Share (Grant Amount): $9,999,378
- Company Cost Share: $10,000,622
- Effective Date: October 1, 2023
Material Changes
The material change reported is the execution of Assistance Agreement award number DE-EE0010396. This agreement funds a project focused on advanced separation and processing technologies for an integrated lithium-ion battery recycling system. The filing does not provide comparative financial data against prior periods.
Guidance, Outlook, and Risks
Management announced the grant via a press release attached as Exhibit 99.1. The filing notes that the full description of the Grant is qualified by the agreement itself, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ending September 30, 2023. No specific risks, contingencies, or forward-looking guidance beyond the grant terms are detailed in this specific 8-K text.
Investor Verification Checklist
- Verify the full terms and conditions of the Assistance Agreement (DE-EE0010396) in the upcoming Form 10-Q.
- Confirm the specific milestones required to receive the $9,999,378 DOE cost share.
- Assess the impact of the $10,000,622 required company cost share on future cash flow and capital expenditure plans.
- Review the attached press release (Exhibit 99.1) for additional technical or strategic details regarding the recycling system.