American Battery Materials Reports $2.5 Million Net Loss for First Half of 2025

American Battery Materials, Inc. reported a net loss of $2.5 million for the six months ending June 30, 2025, a significant increase from the $1.4 million loss recorded during the same period in 2024. The company's operating expenses rose to $1.2 million, up 71% from $709,826 in the prior year, primarily due to increased share-based compensation. The company has not generated any revenue during this period, consistent with its previous fiscal results. The net loss per share for the first half of 2025 was $0.95, compared to $0.61 for the same period in 2024.

In terms of financial position, American Battery Materials reported total assets of $312,690 as of June 30, 2025, a decrease from $322,969 at the end of 2024. Current liabilities increased to $8.5 million, up from $7.1 million, largely due to rising accrued expenses and convertible notes payable. The company’s accumulated deficit has now reached $27.1 million, reflecting ongoing financial challenges. The working capital deficit stood at $8.4 million, raising concerns about the company's ability to continue as a going concern without additional financing.

Strategically, the company has focused on expanding its mineral claims, now owning a total of 743 placer claims over 14,320 acres in the Lisbon Valley of Utah. This expansion follows the acquisition of 102 federal mining claims in November 2021. The company has also formed Mountain Sage Minerals, LLC to facilitate further acquisitions and joint ventures in the region. However, a planned merger with Seaport Global Acquisition II Corp. was terminated in November 2023 due to changes in the transaction that rendered it untenable.

Operationally, American Battery Materials has not reported any revenue, and its financial performance indicators reflect a challenging environment. The company has been actively seeking additional financing to support its operations and growth strategy, which may include equity offerings or debt financing. The management has indicated that without sufficient capital, the company may have to negotiate with lenders to extend repayment dates or potentially cease operations. The outlook remains uncertain as the company navigates its financial difficulties while attempting to capitalize on its mineral extraction initiatives.