Business Context and Reporting Period
Company: American Battery Technology Company (ABAT)
Filing Type: Form 8-K (Current Report)
Date of Report: June 2, 2026 (Event Date); June 8, 2026 (Signature Date)
Context: The Company entered into a Modification Agreement with the U.S. Department of Energy (DOE) to reinstate a previously terminated grant for the construction of a commercial-scale battery cathode grade lithium hydroxide facility.
Key Financial Metrics
This filing does not contain standard financial statements (revenue, profit, cash flow, or margins). Key financial figures relate to the grant agreement:
- Total Project Value: $115,489,662
- DOE Grant Share: $57,744,831
- Company Cost Share: $57,744,831
- Debt and Liquidity: The filing text does not provide a clear value for current debt levels or liquidity positions.
Material Changes
The primary material change is the reinstatement of the DOE Assistance Agreement (Award No. DE-MS0000010), which had been terminated effective August 31, 2025, following a dispute resolution process initiated by the Company in October 2025.
- Grant Status: Changed from terminated to reinstated via the Modification Agreement.
- Effective Date: The reinstatement is retroactively effective to September 1, 2025.
- Timeline Extension: The project period was extended from the original end date to December 31, 2029.
- Budget Periods: Budget periods 2 through 5 were modified to align with the new project timeline, extending through 2029.
Outlook, Risks, and Management Commentary
Management Commentary: The DOE completed a review of the project's technical and commercial merits and decided to rescind the termination. The Company and DOE have realigned project and budget timelines.
Risks and Contingencies:
- Regulatory Compliance: The Modification Agreement applies new standard and special terms and conditions in conformity with 2 CFR §200.211(c) and (d).
- Cost Sharing: The Company remains obligated to fund $57,744,831 of the project costs.
- Future Filings: The full text of the Modification Agreement will be filed as an exhibit to the Annual Report on Form 10-K for the fiscal year ending June 30, 2026.
Investor Verification Checklist
- Verify the specific terms and conditions of the Modification Agreement once filed in the Form 10-K for the fiscal year ending June 30, 2026.
- Confirm the Company's current liquidity position to ensure it can meet the $57.7 million cost-share obligation.
- Monitor the revised budget periods (ending Dec 31, 2029) for potential impacts on future capital expenditure schedules.
- Review the press release dated June 8, 2026 (Exhibit 99.1) for additional details on the dispute resolution process.