AMERICAN BATTERY TECHNOLOGY Co
For the period ended Jun 30, 2024. Filed Sep 23, 2024.
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FY2024 · Filed Sep 23, 2024
ABAT$1.32-7.0%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| Fiscal year ended June 30, 2024 | Fiscal year ended June 30, 2023 | |
|---|---|---|
| Operating Activities | ||
| Net loss attributable to common stockholders | $(52,501,824) | $(22,191,140) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 1,678,730 | 96,681 |
| Amortization and accretion of financing costs | 4,194,971 | - |
| Amortization of right-of-use asset | 101,051 | 101,049 |
| Impairment charge on held-for-sale assets | 10,254,037 | - |
| Stock-based compensation | 14,566,318 | 9,757,395 |
| Shares issued for professional services | (133) | 43,895 |
| Change in fair value of derivative liability | 338,886 | - |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (228,499) | - |
| Inventory | (29,116) | (125,204) |
| Grant receivables | 128,935 | (320,457) |
| Prepaid expenses and deposits | (551,420) | (887,403) |
| Accounts payable and accrued liabilities | 5,311,833 | 157,204 |
| Net cash used in operating activities | (16,736,231) | (13,367,980) |
| Investing Activities | ||
| Other acquisition deposits | (279,878) | (21,881,587) |
| Acquisition of property and equipment | (11,752,994) | (6,761,851) |
| Purchase of mining properties | (169,654) | (8,073,323) |
| Purchase of water rights/intangible assets | (766,693) | |
| Net cash used in investing activities | (12,969,219) | (36,716,761) |
| Financing Activities | ||
| Proceeds from exercise of share purchase warrants | 37,497 | - |
| Principal paid on notes payable | (24,000,000) | - |
| Proceeds from notes payable, net of debt discount | 20,289,104 | 6,000,000 |
| Proceeds from issuance of common shares, net of issuance costs | - | 13,857,351 |
| Proceeds from share purchase agreements | 38,060,486 | 3,558,373 |
| Net cash provided by financing activities | 34,387,087 | 23,415,724 |
| Increase (decrease) in cash | 4,681,637 | (26,669,017) |
| Cash – beginning of period | 2,320,149 | 28,989,166 |
| Cash – end of period | $7,001,786 | $2,320,149 |
| Supplemental disclosures (Note 17) | ||
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