AMERICAN BATTERY TECHNOLOGY Co 8-K

What Happened

• American Battery Technology Company (ABAT) announced in a Form 8-K filed June 8, 2026 that the U.S. Department of Energy (DOE) rescinded its prior termination and reinstated Assistance Agreement DE‑MS0000010 via a Modification Agreement dated June 2, 2026.
• The Grant covers a $115,489,662 project to design, construct, commission and operate a commercial-scale plant to manufacture battery cathode‑grade lithium hydroxide. DOE’s share is $57,744,831 and ABAT’s cost share is $57,744,831. The Modification Agreement is retroactively effective to September 1, 2025.

Key Details

• Grant total: $115,489,662; DOE share: $57,744,831; Company cost share: $57,744,831.
• Original Grant effective date: September 1, 2023; DOE had previously notified termination on October 9, 2025 (effective August 31, 2025), and ABAT appealed on October 10, 2025.
• Modification Agreement date: June 2, 2026 (reinstated retroactive to 09/01/2025). Project period revised to 09/01/2023–12/31/2029. Budget periods updated:
  • BP1: 09/01/2023–08/31/2024 (unchanged)
  • BP2: 09/01/2024–12/31/2026
  • BP3: 01/01/2027–12/31/2027
  • BP4: 01/01/2028–12/31/2028
  • BP5: 01/01/2029–12/31/2029
• The Grant was amended to include new standard and special terms consistent with 2 CFR §200.211(c) and (d). ABAT issued a press release on June 8, 2026 announcing the reinstatement.

Why It Matters

• For investors, the DOE’s reinstatement restores the formal federal funding commitment and clarifies the project timeline through the end of 2029, which affects ABAT’s capital planning and project execution for its commercial cathode‑grade lithium hydroxide facility.
• The reinstated award specifies equal DOE and company cost shares ($57.7M each), confirming the scale of both external funding and ABAT’s financial commitment under the Grant.
• The Modification Agreement also introduces updated federal terms and extended budget periods, which may affect program compliance requirements and milestones the company must meet.