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American Battery Technology Company made $1.7 million last quarter, an 83% jump from last year, and announced a $100 million license deal.

ResultsRead the original at globenewswire.com
Good for ABAT

ABAT's sales rose 83%, it won a $100 million export license, and federal permitting advanced its lithium project. These gains favor ABAT: costs rose 20%, but sales grew faster, and it ended the quarter with $43.4 million in cash and no debt.

ABAT · American Battery Technology Company

AI read · Good for ABAT

The AI's read

The export license could let ABAT sell recycled black mass, and federal permitting advances its lithium project. Sales grew faster than costs, and ABAT ended the quarter with $43.4 million in cash and no debt. Costs still rose 20%, but the reported sales growth and project progress point to favorable company news.

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