Market Newsdesk

Morgan Stanley Declares Dividends on Its Preferred Stock

NEW YORK–(BUSINESS WIRE)–
Morgan Stanley today declared a regular dividend on the outstanding shares of each of the following preferred stock issues:

• Floating Rate Non-Cumulative Preferred Stock, Series A – $328.97 per share (equivalent to $0.328974 per Depositary Share)

• 10 Percent Non-Cumulative Non-Voting Perpetual Preferred Stock, Series C – $25.00 per share

• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E – $445.31 per share (equivalent to $0.445313 per Depositary Share)

• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series F – $429.69 per share (equivalent to $0.429688 per Depositary Share)

• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series I – $398.44 per share (equivalent to $0.398438 per Depositary Share)

• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K – $365.63 per share (equivalent to $0.365625 per Depositary Share)

• 4.875 Percent Non-Cumulative Preferred Stock, Series L – $304.69 per share (equivalent to $0.304688 per Depositary Share)

• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series M – $29.38 per share

• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series N – $1,966.66 per share (equivalent to $19.666566 per Depositary Share)

• 4.250 Percent Non-Cumulative Preferred Stock, Series O – $265.63 per share (equivalent to $0.265625 per Depositary Share)

• 6.500 Percent Non-Cumulative Preferred Stock, Series P – $406.25 per share (equivalent to $0.406250 per Depositary Share)

• 6.625 Percent Non-Cumulative Preferred Stock, Series Q – $414.06 per share (equivalent to $0.414063 per Depositary Share)

The dividends for the Preferred Stock Series M and N are payable on March 17, 2025 to stockholders of record at the close of business on February 28, 2025.

The dividends for the Preferred Stock Series A, C, E, F, I, K, L, O, P and Q are payable on April 15, 2025 to stockholders of record at the close of business on March 31, 2025.

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

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Media Relations: Wesley McDade, 212.761.2430

Investor Relations: Leslie Bazos, 212.761.5352

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Professional Services Finance

MEDIA:

Posted on February 14, 2025 4:33 pm

Chemours Announces First Quarter Dividend

Chemours Announces First Quarter Dividend

WILMINGTON, Del.–(BUSINESS WIRE)–
The Chemours Company (“Chemours”) (NYSE: CC) today announced the Board of Directors of Chemours declared a quarterly cash dividend of $0.25 per share on the Company’s common stock for the first quarter of 2025. The dividend will be paid on March 14, 2025, to stockholders of record as of the close of business on February 28, 2025.

About The Chemours Company

The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers’ biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 6,100 employees and 28 manufacturing sites and serves approximately 2,700 customers in approximately 110 countries.

For more information, visit chemours.com or follow us on X (formerly Twitter) @Chemours or LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250214998590/en/

INVESTORS

Brandon Ontjes

VP, Head of Strategy & Investor Relations

+1.302.773.3300

[email protected]


NEWS MEDIA

Cassie Olszewski

Media Relations & Reputation Leader

+1.302.219.7140

[email protected]

KEYWORDS: Delaware United States North America

INDUSTRY KEYWORDS: Professional Services Engineering Communications Chemicals/Plastics Manufacturing Finance Public Relations/Investor Relations

MEDIA:

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Cathay General Bancorp Declares $0.34 Per Share Dividend

LOS ANGELES–(BUSINESS WIRE)–
Cathay General Bancorp (Nasdaq: CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on March 10, 2025, to stockholders of record at the close of business on February 27, 2025.

ABOUT CATHAY GENERAL BANCORP

Cathay General Bancorp (Nasdaq: CATY) is the holding company for Cathay Bank, a California state-chartered bank. Cathay General Bancorp’s website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operates over 60 branches across the nation in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. Overseas, it has a branch outlet in Hong Kong, and a representative office in Beijing, Shanghai, and Taipei. To learn more about Cathay Bank, please visit www.cathaybank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250214183459/en/

Heng W. Chen

(626) 279-3652

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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BlackRock Municipal Income Fund, Inc. (MUI) Delists from the NYSE in Connection with the Conversion to an Unlisted Interval Fund Structure

NEW YORK–(BUSINESS WIRE)–
BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) has delisted from the New York Stock Exchange (NYSE).

Please note that, effective as of the Delisting Date, the MUI Shares will no longer trade on the NYSE or any other securities exchange.

The Fund is in the process of converting from an exchange-listed closed-end fund to an unlisted continuously-offered closed-end fund that conducts quarterly repurchases of its shares (the “Conversion”) and will operate under the name BlackRock Municipal Credit Alpha Portfolio, Inc. (the “Interval Fund”). It is currently anticipated that the Conversion will take place after the close of business on March 21, 2025, and be effective on March 24, 2025 (the “Conversion Date”). The Interval Fund currently intends to commence the initial repurchase offer in the second quarter of 2025.

Conversion and First Periodic Repurchase

MUI Shares held on the Conversion Date will be redesignated as Institutional Shares of the Interval Fund (“Interval Fund Shares”). The Interval Fund Shares will not be listed for trading on any securities exchange and a secondary market is not expected to develop for the Interval Fund Shares. As a result, an investment in the Interval Fund is not a liquid investment. Shareholders will generally only be able to sell their Interval Fund Shares through the Interval Fund’s quarterly offers to repurchase between 5% and 25% of the outstanding Interval Fund Shares. The Interval Fund currently intends to commence the initial repurchase offer in the second quarter of 2025.

Although the Interval Fund intends to conduct quarterly repurchase offers, such repurchase offers may be oversubscribed. If a repurchase offer is oversubscribed, the Interval Fund will repurchase the shares tendered on a pro rata basis, and shareholders will have to wait until the next repurchase offer to make another repurchase request. As a result, shareholders may be unable to liquidate all or a given percentage of their investment in the Interval Fund through a particular repurchase offer. Shareholders will be subject to the risk of NAV fluctuations and other investment-related risks during that period.

Important Notice to Shareholders Who Hold Shares Through a Financial Intermediary

Following the Conversion, the Interval Fund will offer one or more classes of shares through select financial intermediaries. Shareholders should be aware that not all financial intermediaries will offer to sell shares of the Interval Fund or support quarterly repurchase offers by the Interval Fund.

SHAREHOLDERS SHOULD CONTACT THEIR FINANCIAL INTERMEDIARY AS SOON AS POSSIBLE TO CONFIRM WHETHER THEIR INTERMEDIARY WILL SUPPORT QUARTERLY REPURCHASE OFFERS AND WHAT, IF ANY, EFFECT THE CONVERSION WILL HAVE ON THE SHAREHOLDER’S ACCOUNT.

Additional Resources Regarding the Conversion:

PRESS RELEASE – December 23, 2024:

BlackRock Municipal Income Fund, Inc. (MUI) Provides De-Listing and Conversion Dates for Upcoming Conversion to Unlisted Continuously-Offered Closed-End Fund

PRESS RELEASE – June 7, 2024:

BlackRock Municipal Income Fund, Inc. (MUI) Approves Conversion to Unlisted Closed-End Interval Fund Structure

October 16, 2024 SEC Filing:

SEC Registration Filing for BlackRock Municipal Credit Alpha Portfolio (MUNEX)

PRESS RELEASE – November 18, 2024:

BlackRock Municipal Income Fund, Inc. (MUI) Announces Final Results of Tender Offer

Important Notice

This press release is for informational purposes only and shall not constitute a recommendation, an offer to purchase or a solicitation of an offer to sell any common shares of the Fund.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate

Availability of Fund Updates

BlackRock will update performance and certain other data for the Fund on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Fund. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Fund and does not, and is not intended to, incorporate BlackRock’s website in this release.

Forward-Looking Statements

This press release, and other statements that BlackRock or the Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund’s or BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to the Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Fund or in the Fund’s net asset value; (2) the relative and absolute investment performance of the Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.

Annual and Semi-Annual Reports and other regulatory filings of the Fund with the SEC are accessible on the SEC’s website at www.sec.govand on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Fund. The information contained on BlackRock’s website is not a part of this press release.

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1-800-882-0052

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Professional Services Finance

MEDIA:

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OFS Credit Company Provides January 2025 Net Asset Value Update

CHICAGO–(BUSINESS WIRE)–
OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of January 31, 2025.

• Management’s unaudited estimate of the range of our NAV per share of our common stock as of January 31, 2025 is between $6.95 and $7.05. This estimate is not a comprehensive statement of our financial condition or results for the month ended January 31, 2025. This estimate did not undergo the Company’s typical quarter-end financial closing procedures. We advise you that the final determination of our NAV per share as of January 31, 2025, which will be reported in our monthly report on Form N-PORT, may differ from this estimate.

Our financial condition, including the fair value of our portfolio investments, and results of operations may be materially impacted after January 31, 2025 by circumstances and events that are not yet known. To the extent our portfolio investments are adversely impacted by interest rate and inflation rate changes, the ongoing war between Russia and Ukraine, the agenda of the new U.S. Presidential administration, including the potential impact of tariff enactment and tax reductions, instability in the U.S. and international banking systems, the risk of recession or a shutdown of U.S. government services and related market volatility, or by other factors, we may experience a material adverse impact on our future net investment income, the underlying value of our investments, our financial condition and the financial condition of our portfolio investments.

The preliminary financial data included in this press release has been prepared by, and is the responsibility of, OFS Credit’s management. KPMG LLP has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, KPMG LLP does not express an opinion or any other form of assurance with respect thereto.

About OFS Credit Company, Inc.

OFS Credit is a non-diversified, externally managed closed-end management investment company. The Company’s primary investment objective is to generate current income, with a secondary objective to generate capital appreciation, which we seek to achieve primarily through investments in CLO equity and debt securities. The Company’s investment activities are managed by OFS Capital Management, LLC, an investment adviser registered under the Investment Advisers Act of 1940¹, as amended, and headquartered in Chicago, Illinois with additional offices in New York and Los Angeles.

Forward-Looking Statements

Statements in this press release regarding management’s future expectations, beliefs, intentions, goals, strategies, plans or prospects may constitute forward-looking statements. Forward-looking statements can be identified by terminology such as “anticipate”, “believe”, “could”, “could increase the likelihood”, “estimate”, “expect”, “intend”, “is planned”, “may”, “should”, “will”, “will enable”, “would be expected”, “look forward”, “may provide”, “would” or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to in documents that may be filed by OFS Credit from time to time with the Securities and Exchange Commission, as well as interest rate and inflation rate changes, the ongoing war between Russia and Ukraine, the agenda of the new U.S. Presidential administration, including the potential impact of tariff enactment and tax reductions, instability in the U.S. and international banking systems, the risk of recession or a shutdown of U.S government services and related market volatility on our business, our portfolio companies, our industry and the global economy. As a result of such risks, uncertainties and factors, actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. OFS Credit is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

¹ Registration does not imply a certain level of skill or training

OFS® and OFS Credit® are registered trademarks of Orchard First Source Asset Management, LLC. OFS Capital Management™ is a trademark of Orchard First Source Asset Management, LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250214820623/en/

INVESTOR RELATIONS:

OFS Credit Company, Inc.

Steve Altebrando

847-734-2085

[email protected]

MEDIA RELATIONS:

Bill Mendel

212-397-1030

[email protected]

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Banking Asset Management Professional Services Finance

MEDIA:

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KKR Real Estate Finance Trust Inc. to Present at Citi’s 30^th Annual Global Property CEO Conference

NEW YORK–(BUSINESS WIRE)–
KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) announced today that Matt Salem, Chief Executive Officer, will present at Citi’s 30^th Annual Global Property CEO Conference on Monday, March 3, 2025, at 11:40AM ET.

A live audio webcast of the presentation will be available on the Investor Center section of KREF’s website at http://www.kkrreit.com/investor-relations/events-and-presentations. For those unable to listen to the live audio webcast, a replay will be available on the website shortly after the event.

About KKR Real Estate Finance Trust Inc.

KKR Real Estate Finance Trust Inc. is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate properties. KREF is externally managed and advised by an affiliate of KKR & Co. Inc. For additional information about KREF, please visit its website at www.kkrreit.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250214867826/en/

Investor Relations:

Jack Switala

(212) 763-9048

[email protected]

Media:

Miles Radcliffe-Trenner

Tel: (212) 750-8300

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: REIT Finance Professional Services Commercial Building & Real Estate Construction & Property

MEDIA:

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Triton International Announces Initial Dividend on Series F Preference Shares and Updates Dividend Dates on Series A-E Preference Shares

HAMILTON, Bermuda–(BUSINESS WIRE)–
February 14, 2025 – Triton International Limited (“Triton” or the “Company”) today announced that its Board of Directors has declared an initial dividend on its 7.625% Series F Cumulative Redeemable Perpetual Preference Shares (NYSE: TRTN PRF). The cash dividend of US$0.20651 per share, which has a payment date of March 15, 2025, will be payable on the next business day to holders of record at the close of business on March 10, 2025 and covers the period from and including February 6, 2025, to but excluding March 15, 2025.

Additionally, Triton is correcting the previously announced record date and payment date for the March 2025 quarterly dividends on its outstanding Series A-E Cumulative Redeemable Perpetual Preference Shares. The dividend amounts have not changed. The dividends, which have payment dates of March 15, 2025, will be payable on the next business day to shareholders of record as of the close of business on March 10, 2025, not payable on March 14, 2025 to shareholders of record on March 7, 2025, as previously reported in Triton’s press release dated January 28, 2025.

About Triton International Limited

Triton International Limited is the world’s largest lessor of intermodal freight containers. With a container fleet of approximately 7 million twenty-foot equivalent units (“TEU”), Triton’s global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250213891123/en/

Jeremy Glick

VP, Treasurer

Tel: +1 (914) 697-2900

Email: [email protected]

KEYWORDS: Bermuda Caribbean

INDUSTRY KEYWORDS: Trucking Rail Maritime Logistics/Supply Chain Management Transport

MEDIA:

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The public can watch the global livestream at 11 a.m. ET

Steel Partners Holdings Declares Regular Quarterly Distribution On its Series A Preferred Units

NEW YORK–(BUSINESS WIRE)–
Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today announced that its board of directors has declared a regular quarterly cash distribution of $.375 per unit, payable March 15, 2025, to unitholders of record as of March 1, 2025, on its 6% Series A Preferred Units, no par value (“Series A Preferred”).

Any future determination to declare distributions on its units of Series A Preferred, and any determination to pay such distributions in cash or in kind, or a combination thereof, will remain at the discretion of Steel Partners’ board of directors and will be dependent upon a number of factors, including the company’s results of operations, cash flows, financial position, and capital requirements, among others.

About Steel Partners Holdings L.P.

Steel Partners Holdings L.P. (www.steelpartners.com) is a diversified global holding company that owns and operates businesses and has significant interests in various companies, including diversified industrial products, energy, defense, supply chain management and logistics, direct marketing, banking, and youth sports.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250214427423/en/

For more information, contact:

Jennifer Golembeske

212-520-2300

[email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Professional Services Finance

MEDIA:

Posted on February 14, 2025 4:28 pm

American Battery Technology Company Releases Second Quarter Fiscal Year 2025 Financial Report

Company demonstrates significantly increased throughput at its first lithium-ion battery recycling facility, and continues development of two additional critical mineral facilities

Reno, Nev., Feb. 14, 2025 (GLOBE NEWSWIRE) — American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery minerals company that is commercializing its first-of-kind technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, announced its second quarter fiscal year (FY) 2025 financial results, for the period ending December 31, 2024.  

Company Highlights from Second Fiscal Quarter 2025: 

• ABTC successfully implemented several key process enhancements to its first battery recycling near Reno, Nevada during the quarter.  This required a temporary pause in operations, and resulted in significant increases in subsequent plant throughput:
  • Facility throughput in January 2025 was greater than 225% the average monthly throughput in the previous quarter.
  • Facility throughput in the first week of February 2025 was greater than 350% the average weekly throughput in the previous quarter.
• Inclusive of the temporary pause in operations for facility upgrading, the company generated $332,000 in revenue from the sale of recycled products during the three months ended December 31, 2024.  The cash cost of goods sold for this period was $2.1 million, after the removal of non-cash items such as depreciation expense and stock-based compensation.
• As of December 31, 2024, the company had total cash on hand of $20.6 million, including $15.6 million of available cash and $5 million restricted cash.
• Government grant reimbursement was $2.3 million for the six months ended December 31, 2024, compared to $1.7 million during the same period of the prior year.
• ABTC successfully completed combined sets of safety audits, environmental reviews, and qualification processes with several additional global automotive, battery manufacturers, and other strategic original equipment manufacturers (OEMs).
• As the company has engaged with several OEMs for larger quantities of battery feed material than could be processed at its first battery recycling facility, ABTC is in the process of establishing a second battery recycling facility with approximately 5 times the throughput capacity of its first facility.  On December 18, 2024, the company received a contract for a competitive grant award for $144 million of federal investment from the U.S. Department of Energy (DOE) to support the development and construction of this second facility.
• ABTC has an internally-developed set of technologies to manufacture battery grade lithium hydroxide (LiOH) from Nevada-based claystone material.  ABTC has constructed a multi-tonne per day integrated pilot facility to demonstrate these technologies, and continues to produce battery grade lithium hydroxide product from this facility for evaluation by customers.
• Based on these demonstrated technologies, ABTC is designing and intends to construct a 30,000 tonne LiOH per year commercial scale refinery near Tonopah, Nevada, and has been awarded a $57.7 million competitive grant from the US DOE to support this project.

Concurrent Commercialization of Recycling and Primary Resource Operations

ABTC is in the fortunate position of having developed technologies for the manufacturing of critical minerals both from its battery recycling operations as well as from its primary claystone to lithium operations. This allows ABTC to move forward with the construction and operation of commercial manufacturing facilities for both sets of technologies to provide its customers and partners with a wide range of critical mineral products from a diversified set of domestic-US feed materials.

Progressing first-of-kind technologies from initial design, to testing and bench scale validations, to integrated piloting, and through commercialization is a multi-faceted process that requires a broad range of skillsets and resources. ABTC is advancing these sets of first-of-kind technologies simultaneously to support the increasing need for domestic-US energy independence, critical minerals dominance, and economic security.

Additional recent company information and updates can be found at www.americanbattery.com/events-and-presentations, including:

• American Battery Technology Company’s Annual Meeting of Shareholders Fiscal 2024, Presentation.
• American Battery Technology Company’s Annual Meeting of Shareholders Fiscal 2024, Video Playback.

About American Battery Technology Company 
American Battery Technology Company (ABTC), headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries.  Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.

Forward-Looking Statements  
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are “forward-looking statements.” Although the American Battery Technology Company’s (the “Company”) management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, risks and uncertainties related to the Company’s ability to continue as a going concern; interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended June 30, 2024. The Company assumes no obligation to update any of the information contained or referenced in this press release.

###

American Battery Technology Company 
Media Contact: 
Tiffiany Moehring 
[email protected] 
720-254-1556 

AMERICAN BATTERY TECHNOLOGY COMPANY

Unaudited Condensed Consolidated Statements of Operations

		Three months ended December 31, 2024				Three months ended December 31, 2023				Six months ended December 31, 2024				Six months ended December 31, 2023
Revenue		$	332,440			$	–			$	534,400			$	–
Cost of goods sold			3,305,743				–				5,848,384				–
Gross loss			(2,973,303	)			–				(5,313,984	)			–
Expenses:
General and administrative		$	7,673,022			$	4,416,716			$	12,682,863			$	7,470,713
Research and development			2,919,865				3,569,167				4,952,000				7,183,018
Exploration costs			234,568				823,425				655,075				2,173,345
Total operating expenses			10,827,455				8,809,308				18,289,938				16,827,076
Net loss before other income (expense)			(13,800,758	)			(8,809,308	)			(23,603,922	)			(16,827,076	)
Other income (expense)
Interest income (expense)			597				(7,647	)			(3,978	)			(142,636	)
Amortization and accretion of financing costs			(732,197	)			(1,132,258	)			(1,904,546	)			(1,865,154	)
Unrealized gain (loss) on investment			–				826				–				(5,497	)
Change in fair value of derivative liability			–				(229,472	)			705,184				(229,473	)
Loss on debt extinguishment			–				–				(675,648	)			–
Loss on private placement			–				–				(567,161	)			–
Change in fair value of liability-classified financial instruments			1,116,388				–				875,100				–
Other income			15,464				–				79,896				–
Total other income (expense)			400,252				(1,368,551	)			(1,491,153	)			(2,242,760	)
Net loss		$	(13,400,506	)		$	(10,177,859	)		$	(25,095,075	)		$	(19,069,836	)
Net loss per share, basic and diluted		$	(0.18	)		$	(0.21	)		$	(0.35	)		$	(0.40	)
Weighted average shares outstanding			75,315,210				47,760,809				72,123,576				47,357,879

AMERICAN BATTERY TECHNOLOGY COMPANY

Unaudited Condensed Consolidated Balance Sheets

		December 31, 2024				June 30, 2024
ASSETS
Cash		$	15,623,762			$	7,001,786
Accounts receivable			323,975				228,499
Inventory (Note 4)			574,103				154,320
Grants receivable (Note 5)			27,119				191,522
Prepaid expenses and deposits			527,230				1,813,050
Subscription receivable (Note 13)			–				608,333
Restricted cash			5,000,000				–
Assets held-for-sale (Note 7)			8,408,538				8,408,538
Total current assets			30,484,727				18,406,048
Property, plant and equipment, net (Note 7)			44,534,680				46,314,966
Mining properties (Note 8)			8,392,977				8,392,977
Intangible assets (Note 9)			4,519,038				4,519,038
Right-of-use asset (Note 12)			357,431				42,103
Total assets		$	88,288,853			$	77,675,132
LIABILITIES & STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities (Note 10)		$	7,167,414			$	9,233,806
Right-of-use lease liability – operating			108,600				117,131
Notes payable, current (Note 11)			10,165,377				6,447,361
Total current liabilities			17,441,391				15,798,298
Right-of-use lease liability – operating – long-term			250,416				–
Equity compensation liability (Note 15)			–				409,194
Total liabilities			17,691,807				16,207,492
Commitments and contingencies (Note 17)			–				–
Stockholders’ Equity:
Series A Preferred Stock Authorized: 33,334 preferred shares, par value of $0.001 per share; Issued and outstanding: nil preferred shares as of December 31, 2024 and June 30, 2024.			–				–
Series B Preferred Stock Authorized: 133,334 preferred shares, par value of $10.00 per share; Issued and outstanding: nil preferred shares as of December 31, 2024 and June 30, 2024.			–				–
Series C Preferred Stock Authorized: 66,667 preferred shares, par value of $10.00 per share; Issued and outstanding: nil preferred shares as of December 31, 2024 and June 30, 2024.			–				–
Series D Preferred Stock Authorized: 5 preferred shares, par value of $0.001 per share; Issued and outstanding: nil preferred shares as of December 31, 2024 and June 30, 2024.			–				–
Preferred stock value			–				–
Common Stock Authorized: 250,000,000 common shares, par value of $0.001 per share; Issued and outstanding: 84,392,375 and 64,061,763 common shares as of December 31, 2024, and June 30, 2024, respectively			84,390				64,059
Additional paid-in capital			310,351,869				275,589,383
Common stock issuable			(1,415,806	)			(857,470	)
Accumulated deficit			(238,423,407	)			(213,328,332	)
Total stockholders’ equity			70,597,046				61,467,640
Total liabilities and stockholders’ equity		$	88,288,853			$	77,675,132

Tiffiany Moehring
American Battery Technology Company
720.254.1556
[email protected]