AMERICAN BATTERY TECHNOLOGY Co

The Company currently leases executive offices located at 100 Washington Street, Suite 100 in Reno, Nevada, USA. The office space consists of approximately 5,831 square feet and the lease expires November 30, 2027.

Critical Mineral Recycling Operations

McCarran, Nevada – Recycling Facility

The Company purchased a facility in August 2023 to implement its internally-developed critical mineral recycling technologies in the Tahoe-Reno Industrial Center, located at 2500 Peru Drive, McCarran, Nevada. The facility houses the Company’s first-of-kind integrated battery recycling system which utilizes a strategic de-manufacturing and targeted chemical extraction train to recover domestic critical minerals with high yields, low cost, and with a low impact footprint. These processes are fundamentally different than conventional methods of battery recycling, which utilize high temperature furnaces, such as smelters, or non-strategic shredding or grinding systems.

As the Company ramps up operations of its integrated recycling processes, the facility is being commissioned in phases. The first phase is currently installed and is operated, which mechanically processes battery materials into products including copper, aluminum, steel, a lithium intermediate, and a black mass intermediate material. In the second phase, this lithium intermediate will be further refined into a battery grade lithium hydroxide product, and the black mass intermediate material will be further refined into battery grade nickel, cobalt, manganese, and lithium hydroxide products.

McCarran, Nevada – Recycling Storage Facilities

On June 28, 2021, the Company purchased approximately 13.87 acres of industrial-zoned land in McCarran, Nevada. The Company utilizes this property for the storage of feedstock, products, and other materials.

On January 14, 2026, the Company purchased approximately 5.76 acres of industrial-zoned land in McCarran, Nevada. The Company intends to utilize this property for supplemental storage of feedstock, product, and other materials.

Fernley, Nevada – Recycling Facility

On August 14, 2020, the Company purchased approximately 12.44 acres of undeveloped industrial land in Fernley, Nevada in a Qualified Opportunity Zone. The Company began construction of a recycling facility before prioritizing the new location in McCarran, Nevada.

On June 30, 2025, the Company classified this land and a partially constructed facility at this Fernley, Nevada location as assets held for sale. On July 28, 2025, a potential buyer for such property terminated the purchase agreement governing such proposed sale. During fiscal year 2026, the Company is making improvements to the property, including working towards securing the final certificate of occupancy and completing additional upgrades. The property, with a carrying value of approximately $7.0 million, was reclassified into property and equipment as construction in progress during the fiscal year ended June 30, 2026.

Water Rights

The Company purchased water rights in the City of Fernley, Nevada for $3.8 million. The Company allocated approximately $0.1 million of water rights to the Company’s Fernley plant.

The Company’s acquisition of the commercial-scale battery recycling facility at the Tahoe-Reno Industrial Center included water rights valued at $0.8 million and are described as an 18.45 acre-foot/year portion of the Truckee-Carson Irrigation District, Serial Number 1081-A-1.

These have an unlimited useful life upon assignment to a property through use of a will-serve, which has no expiration date.

Laboratory Facilities

To support the development of both its critical mineral recycling and claystone-to-lithium technologies, the Company operates out of two laboratory facilities:

Nevada Center for Applied Research - Reno, Nevada

The Company leases laboratory and office space from the University of Nevada, Reno. As of June 30, 2026, the Company occupies 2,889 square feet at the Nevada Center for Applied Research (“NCAR”). The laboratory space is used to advance the Company’s in-house, first-of-kind developed battery metals extraction technologies for both the recycling of spent batteries and for the manufacturing of primary battery metals from domestic-based resources.

Greentown Labs - Somerville, Massachusetts

The Company is a member of and occupies space in Greentown Labs, which is the largest clean technology incubator in North America. The Company has access to both desk and lab space at the facility. The Company was afforded this opportunity by winning the Greentown Labs Circularity Challenge, an accelerator program for start-ups developed in partnership with BASF, one of the world’s leading chemical companies.

Tonopah Flats Lithium Project (“TFLP”)

Property Area and Claim Type

• We rely in part on third parties to collect, transport, and store lithium-ion battery feedstock that is regulated as hazardous material, and any accident, release, thermal event, or non-compliance in the supply chain could result in liability, penalties, and operational disruption.
• Our operations are subject to development and execution risks, as well as potential limitations in obtaining applicable permits and obtaining or maintaining insurance coverage.
• Substantially all of our operations are concentrated at a single recycling facility and a single exploration-stage project in Nevada, and any casualty, natural disaster, utility interruption, or other disruption at those locations could halt production.
• Physical effects of climate change, including drought and constraints on water availability, and evolving climate-related disclosure and permitting requirements could increase our costs and delay our projects.
• Declines in demand, volatility in benchmark metal prices, or shifts in the quantity and composition of lithium-ion battery feedstock available to us could materially affect our costs, revenues, and results of operations.
• We depend on the skills and experience of our senior management team and key employees. The loss of any such personnel could have a material adverse effect on our business.
• We may be exposed to litigation, foreclosure, or regulatory actions, any of which could adversely affect our financial condition and results.
• Geopolitical competition over critical minerals and government policies aimed at securing domestic supply chains may restrict our ability to access certain markets, partners, or suppliers, which could increase costs and limit growth opportunities.
• Changes in international trade policies, tariffs, or trade disputes—particularly involving major lithium-producing countries—could disrupt supply chains, increase costs, or limit market access, materially impacting our operations and profitability.
• Changes in government policies or funding priorities for critical minerals could reduce or eliminate incentives, grants, or programs we rely on, adversely affecting our operations and growth.
• Export controls or trade restrictions on lithium, black mass, equipment, or technology could limit our market access, sourcing options, or partnerships, and create compliance conflicts across jurisdictions.
• Mineral Resources and Reserves are estimates subject to inherent uncertainties, including geological, engineering, and economic assumptions; actual tonnage, grades, recoveries, or costs may differ materially, which could adversely affect the Company’s operations and financial results.
• There is no assurance that economically recoverable mineral reserves exist on our properties, and even though reserves have been identified, exploration and development risks could prevent their extraction or the generation of revenue, adversely affecting our business and operations.
• Evolving federal and state regulations on battery recycling and extended producer responsibility may create new compliance obligations, increase operating costs, or affect the economics of our recycling operations.
• Changes in income tax rates or laws, or disputes with tax authorities, could materially affect our results of operations and financial condition.
• If we fail to adequately protect our intellectual property, or if third parties assert claims of infringement against us, we could face significant costs, potential damages, and restrictions on our ability to use certain technologies.
• Despite mitigation measures, increasing cybersecurity threats and potential attacks could compromise our systems, disrupt operations, expose sensitive data, and materially and adversely impact the Company’s business.
• A recently-issued federal directive may prevent us from exporting black mass to foreign customers, which would materially adversely affect our revenue, results of operations, financial condition, and ability to fund ongoing operations.
• We may issue additional equity securities in the future without seeking shareholder approval. Any such issuance could dilute existing ownership and potentially place downward pressure on the market price of our common shares. In addition, the interests of our directors and executive officers may not always align with those of other shareholders.
• Our common shares have experienced and may continue to experience significant volatility, and the trading price of our common shares may decline regardless of our operating performance.
• We have identified material weaknesses in our internal controls over financial reporting (ICFR). If we fail to remediate the weaknesses and establish effective controls, our business, operating results, and the market price of our shares could be materially adversely affected.
• Compliance with the regulatory requirements applicable to U.S. domestic issuers is expected to require considerable time, cost, and resources.
• If we fail to satisfy the continued listing requirements of The Nasdaq Stock Market, our common stock could be delisted, which would reduce liquidity and could impair our ability to raise capital.
• We do not currently intend to pay dividends on our common shares and, consequently, your ability to achieve a return on your investment will depend on appreciation in the price of our common shares.
• We may be required to record asset write-downs, impairments, restructurings, or other charges, any of which could materially and negatively impact our financial condition, operating results, and share value.
• Provisions of our charter documents, our authorized but unissued preferred stock, and Nevada law could delay or prevent a change of control and may depress the market price of our common shares.