American Battery Materials Reports Increased Losses and Financial Challenges in Q3 2025

American Battery Materials, Inc. reported its financial results for the third quarter and the nine months ended September 30, 2025, revealing a net loss of $1,765,688 for the quarter and $4,283,772 for the nine-month period. This represents a significant increase in losses compared to the same periods in 2024, where the company reported losses of $627,264 and $2,041,882, respectively. The company has not generated any revenue during these periods, maintaining a consistent trend from the previous year.

The company's operating expenses for the third quarter decreased by 42% to $293,140, down from $506,019 in the prior year, primarily due to reduced professional fees. However, total operating expenses for the nine months increased by 24% to $1,509,194, compared to $1,215,845 in the same period last year, largely driven by an increase in share-based compensation. The company also recorded a loss on extinguishment of debt of $424,656 for the quarter and $990,109 for the nine months, both higher than the previous year's figures.

In terms of strategic developments, American Battery Materials has been actively expanding its mineral claims, now owning a total of 743 placer claims over 14,320 acres in the Lisbon Valley of Utah. The company formed Mountain Sage Minerals, LLC in April 2023 to facilitate further acquisitions and joint ventures in the area. Despite these efforts, the company faces significant financial challenges, with an accumulated deficit of $28,830,329 and a working capital deficit of $9,237,497 as of September 30, 2025. The company’s total liabilities stood at $9,508,822, unchanged from the previous fiscal period.

The company’s cash position has also seen a decline, with cash decreasing to $9,440 from $12,896 at the end of the previous fiscal year. Cash used in operating activities was $483,456 for the nine months ended September 30, 2025, compared to $585,876 in the same period of 2024. The company raised $480,000 through financing activities during the nine months, primarily from convertible notes, but continues to seek additional financing to support its operations and growth strategy. The outlook remains uncertain, as the company emphasizes the need for further capital to continue its operations and fulfill its business plans.