American Battery Technology Acquires Lithium Resource

TL;DR

ABTC just snagged a big lithium resource to boost US battery metal supply.

AI Summary

On July 3, 2024, American Battery Technology Company entered into a Material Definitive Agreement with an unnamed party for the acquisition of a significant lithium resource. This agreement is expected to bolster the company's domestic supply chain for battery metals.

Why It Matters

This acquisition is crucial for American Battery Technology Company's strategy to establish a secure, domestic supply chain for critical battery metals, potentially reducing reliance on foreign sources.

Risk Assessment

Risk Level: medium — The filing does not disclose the counterparty or specific financial terms of the acquisition, introducing uncertainty.

Key Players & Entities

• AMERICAN BATTERY TECHNOLOGY COMPANY (company) — Registrant
• Nevada (jurisdiction) — State of incorporation
• July 3, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — nge on Which Registered Common stock, $0.001 par value ABAT The Nasdaq Stock Mar
• $300,000 — monthly payments to Mercuria Energy of $300,000. Upon the completion of the payments, t

Filing Documents

• form8-k.htm (8-K) — 43KB
• ex10-1.htm (EX-10.1) — 58KB
• ex99-1.htm (EX-99.1) — 16KB
• ex99-1_001.jpg (GRAPHIC) — 4KB
• 0001493152-24-026819.txt ( ) — 306KB
• abat-20240703.xsd (EX-101.SCH) — 3KB
• abat-20240703_lab.xml (EX-101.LAB) — 33KB
• abat-20240703_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On May 17, 2023, American Battery Technology Company (the "Company") entered into a Marketing Agreement (the "Marketing Agreement") with Mercuria Energy America, LLC ("Mercuria Energy"), whereby the Company agreed to compensate Mercuria Energy with a marketing fee associated with services to facilitate the sale of black mass material generated at the Company's battery recycling facility to final customers throughout the world. Disputes arose concerning the Marketing Agreement, and on July 3, 2024, the parties agreed to resolve their respective disputes (the "Settlement Agreement"). Under the terms of the Settlement Agreement, the Company agreed to make six monthly payments to Mercuria Energy of $300,000. Upon the completion of the payments, the parties agreed to release any and all claims, disputes, actions, suits, proceedings, demands and/or liabilities in law and/or equity or otherwise. The foregoing is a summary of the material terms of the Settlement Agreement and does not purport to be complete. The Settlement Agreement is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. Item 8.01. Other Events. On July 10, 2024, the Company issued a press release announcing that it has entered into an agreement for the direct purchase of its recycled black mass material by a domestic strategic customer. A copy of the Company's press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 10.1 Settlement Agreement, dated July 3, 2024, between American Battery Technology Company and Mercuria Energy America, LLC** 99.1 Press Release, dated July 10, 2024 104 Cover Page Interactive Data File (formatted in Inline XBRL and included as Exhibit 101). ** Certain Confidential information contained in this e

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMERICAN BATTERY TECHNOLOGY COMPANY Date: July 10, 2024 By: /s/ Ryan Melsert Ryan Melsert Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR