Mith

In this week’s Sunday article, I answer the questions of why I cover so many of the companies that are upstream of lithium-ion manufacturers, and why understanding their technology gives you a leg up. I also add context to the headlines about @AscendElements chapter 11 bankruptcy and give an update on the proceedings from the latest court filings.

Their latest video is out and I think this one will interest you looks to have Anson Resources in it, they are deploying a DLE project in Utah and they have partnered with a company we have talked about before POSCO. I have not watched it going to wait till tomorrow and have my bacon pancakes and watch it. youtu.be/SjLPFBgJtns?si…

@Mith_ @RKEquityRocks I was surprised to see it in the news unless X knows what I'm looking for. Wasn't aware of that account , much appreciated.

@Biirringy @thejollyjoel

I started buying ABML in 2020 with an average price in the teens, low twenties, and trimmed and bought back depending on the market. In fact, ABML paid for Abe and the trip to and from Kansas City to pick him up, so it is kind of fitting he is the unofficial mascot for the company, or was until I became persona non grata there. After the reverse split and the change to ABAT I did the same thing. It is called managing a portfolio, nothing special about any of that, and it is definitely not what I would call trading. My position is rather small right now. I decided to semi-retire about five years or so early and focus on having fun, and now just get paid for my informed opinion on the lithium industry. However, our exchanges really have nothing to do with any of that. Rather, they have to do with the fact that you post misleading or outright false information all the time. And by the way, you said in one post you have been posting about the company for years. You haven't even been in the stock for a year yet.

While I am turning around a section for a piece on how battery storage allows grid operators to defer building new generation, generation they may not need, I decided to see what else our $ABAT mental midget has been spouting. First let’s look at that loss,$9.3M, but before we do that we have to look at their revenue history. They first recorded revenue in 2024, which as we all know dropped without warning to where they went from a positive growth of their margin to a backwards movement. There was speculation, but it was easy to see based upon inventory numbers that they had a problem with the processing train and had to revamp it. What the extent was no one outside of the company and the Taco cart vendor know. But once that was done they then moved from the worst margin they ever had to the best at negative 2%. When you step back and look at the multi year trend, that deficit has been gradually improving from roughly $50M in FY2024 to the mid $40M range in FY2025, while revenue has scaled from essentially zero to over $4M over the same period, which was for one quarter. Is the current operations enough to make them truly cash positive? No, that will take battery grade. But for now the trick will be for them to continue that forward momentum. No need to go into much detail about the mine, I have shown over the course of several posts that his opinion on that matter is rather deficient. But to say a project that has submitted a Plan of Operations to the BLM as a pipe dream is like saying a 24 oz steak has no protein. As for the grant, as always so much missing context. After you wade through all the political BS the reason ABAT’s grant and several others were pulled is simple, milestones. This relates to a novice mistake Ryan made. A grant that requires merit reviews based upon scheduled budget periods is not a framework that will work with the timelines for a mine. Now the rebuttal of this is look at Kings Mountain that has a grant associated with it and has been able to meet its merit reviews and even publishing an EA. That is true but once again nothing is in a bubble. Kings Mountain is a reopening of an old mine, with years of studies already done. Tonopah when they negotiated the grant was a blank slate. But we also have to put that grant into context, and why I had a problem with it from day one. While pitched as a way to start operations, it was once again the company hedging itself by stepping up from a small scale demonstration plant to a large scale demonstration plant which in reality would be slightly higher in production than a recycling facility. When the grant was pulled, and I am 100% sure they did not just get the letter from the DOE and say “Damn didn’t see this coming” they dropped the whole R&D aspect of the initial production capacity from Tonopah and went the logical and proper way, building a strategy to scale from initial in phases. As for the “real money” this guy keeps dropping. In an industry expected to produce low end $10B to the widely optimistic $20B in revenue in 2030, and I am specifically talking about lithium-ion recycling, having a vertical in that market is not going to lead to chump change. This circles back to how I know this guy is clueless. At the end of the day advances in recycling directly benefit the refinement vertical. The company has 3 verticals and while they tend to use fancy names for them they are recycling, refinement, and mining. Without those first two verticals, they would still be at the point years ago where they had a CEO claiming he was the one who discovered lithium in the claystone of Nevada on Youtube and was sliding company shares to Nancy Pelosi’s son under the table. The mine is years away and will take care of itself, what @abt_company is doing right now is the work they can do, and that is advancing the technology while doing the legwork to get their product qualified so when the mine opens they are not still shopping around for a partner.

It's interesting to scan through MIIT's list of 67 pilot projects for high-tech industrialization to get a sense of what tech China thinks is important: High-End Functional and Intelligent Materials 1. Ultra-high energy-density dielectric materials and devices — Tsinghua University 2. Data-driven design and manufacturing of copper alloys for integrated-circuit lead frames — University of Science and Technology Beijing 3. High-sensitivity entropy-regulated amorphous-alloy stress-impedance strain gauge for seismic resistance and disaster prevention in buildings — Nanjing University of Science and Technology 4. Noble-metal reduction technology for selective hydrogenation — Zhejiang University 5. Complete preparation technology for liquid-cooling thermal-management materials — Juhua Group 6. Single-phase immersion liquid-cooling solution for data centers — Juhua Group 7. 450 km/h high-speed train traction motor integrating new electromagnetic materials — National High-Speed Train Qingdao Technology Innovation Center 8. Aviation fuel coalescence-separation device — South China University of Technology 9. Inorganic two-dimensional material membranes for efficient hydrogen separation — South China University of Technology Advanced Structural and Composite Materials 10. Preparation technology for sound-absorbing honeycomb and composite materials — China Aviation Manufacturing Technology Research Institute 11. Wear-resistant, fatigue-resistant, corrosion-resistant rails and frogs for the Sichuan–Tibet Railway — China Academy of Railway Sciences Corporation 12. Long-term performance-retention technologies for structural concrete in complex environments on the Sichuan–Tibet Railway — China Academy of Railway Sciences Corporation 13. High-performance shotcrete technology for complex environments on the Sichuan–Tibet Railway — China Academy of Railway Sciences Corporation 14. Crack-resistance improvement technologies for structural concrete in complex environments on the Sichuan–Tibet Railway — China Academy of Railway Sciences Corporation 15. Powder-making technology and applications for recycling coarse high-temperature alloy powder — AECC Beijing Institute of Aeronautical Materials 16. Large-tonnage carbon-fiber composite cables — University of Science and Technology Beijing 17. Multi-layer gradient cold-spray repair and nano-hard reinforcement composite plating for continuous-casting molds — Ansteel Group Beijing Research Institute 18. Key technologies and application development for ultra-high-stiffness magnesium-matrix composites — Harbin Institute of Technology New Displays and Strategic Electronic Materials 19. Sub-6GHz GaN radio-frequency devices — CETC 13th Research Institute 20. High-frequency, high-power laser modulator technology — Fujian Institute of Research on the Structure of Matter, Chinese Academy of Sciences Rare-Earth New Materials 21. Preparation technology for high-temperature-resistant cobalt-based permanent magnet materials — China Jiliang University 22. Heavy-rare-earth-free high-coercivity sintered NdFeB technology — Ningbo Institute of Materials Technology and Engineering, Chinese Academy of Sciences High-Performance Manufacturing Technologies and Major Equipment 23. 6-inch semi-insulating SiC crystal-growth furnace and 6/8-inch compatible SiC epitaxial furnace — NAURA 24. New MOCVD equipment for Micro-LED — Advanced Micro-Fabrication Equipment Inc. China 25. Precision forming technology for large aerospace thin-walled aluminum-alloy integrated cylindrical sections — Shanghai Aerospace Precision Machinery Institute 26. High-temperature-resistant, corrosion-resistant transmission-system bearings — Luoyang Bearing Group 27. High-performance seals for aviation hydraulic systems — Guangzhou Mechanical Engineering Research Institute 28. Key manufacturing technology for ultra-large seamless titanium cathode rollers — Xi’an Taijin New Energy Technology Intelligent Sensors 29. Advanced sensors, core components, and manufacturing processes for spacecraft control systems — Beijing Institute of Control Engineering 30. Flexible intracranial implantable multimodal sensing and modulation system for multiparameter brain monitoring — Aerospace Information Research Institute, Chinese Academy of Sciences 31. Self-powered sensor technologies for human health monitoring — Beijing Institute of Nanoenergy and Nanosystems 32. High-sensitivity MEMS magnetic sensing components and sensors — State Grid Smart Grid Research Institute 33. Miniature high-performance accelerometers — Beijing Aerospace Xinghua Technology 34. Rocket sensors — Long March Rocket Technology 35. New broadband ng-resolution triaxial accelerometer — Tianjin SIASUN Robot & Automation 36. Automotive-grade high-precision integrated navigation sensors — Hebei Meitai Electronic Technology 37. Series of sensors for deep-sea environmental observation and resource exploration — Shenyang Institute of Automation, Chinese Academy of Sciences 38. Multi-parameter differential-pressure flowmeter — Shenyang Zhongke Bowei Technology 39. Quantitative sensing-interface model and analytical instrument technology based on resonant cantilever beams — Shanghai Institute of Microsystem and Information Technology, Chinese Academy of Sciences 40. High-performance X-ray sensors — iRay Technology 41. Electromagnetic sensors — Xinlian Superconductor Shanghai 42. Thin-film getter structure with a micro-heater and its manufacturing method — Shanghai New Micro Technology R&D Center 43. High-performance acoustic sensing elements and sensors — Wuxi Weigan Semiconductor 44. New high-performance MEMS gas sensors — Suzhou Huiwen Nanotechnology 45. MEMS sensor mass-manufacturing platform — XINLIAN Integrated Circuit Manufacturing 46. Development and application of diamond quantum magnetic sensors — University of Science and Technology of China 47. In-situ continuous temperature sensors and measurement systems for molten steel — Maanshan Iron & Steel 48. High-performance laser gas-sensing components — Shandong Science & Technology Innovation Group 49. Key technologies and applications for biosensor sensitive elements — Shandong Kanghua Biomedical Technology 50. Wireless passive temperature sensors based on polymer-derived ceramic metamaterials — Zhengzhou University 51. High-precision printing technology and equipment for ultrafine fiber surfaces — Huazhong University of Science and Technology 52. Complete sensor set for high-speed rail vehicle health-monitoring systems — CRRC Zhuzhou Institute 53. Industrializable mass-producible automotive-grade solid-state LiDAR for autonomous driving — RoboSense 54. Sensing-computing integrated room-temperature infrared imaging detection technology — Chongqing Institute of Green and Intelligent Technology, Chinese Academy of Sciences 55. Nanometer-precision displacement-measurement grating sensors — Xi’an Jiaotong University 56. Distributed thin-film sensors for highway infrastructure — AVIC Electromechanical Measurement Instrument Xi’an Industrial Software 57. Core components of an industrial internet operating system for discrete industries — Beijing Institute of Technology 58. Data-driven closed-loop performance analysis, regulation, and optimization technology and software for manufacturing processes — University of Science and Technology Beijing 59. Intelligent analysis and decision-making system for full-process industrial data in discrete manufacturing — Beihang University 60. Distributed time-series data management system Apache IoTDB — Tsinghua University 61. MEC-based edge control and real-time simulation theories and methods — Shenyang Institute of Automation, Chinese Academy of Sciences 62. Cloud-based service-oriented MES and intelligent management-control platform system — Beijing Xiaomi Mobile Software 63. Domestic isogeometric-analysis software ADIGA — Dalian University of Technology 64. Distributed factory industrial interconnection platform — Shanghai Aircraft Manufacturing 65. Industrial interconnection platform for personalized customization industries — Guangzhou MINO Equipment 66. End-edge-cloud interconnection integration technology and system for OT/IT convergence — Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences 67. Industrial interconnection platform for large-scale manufacturing industries — Gree Electric Appliances of Zhuhai

@JGolfington7 @Biirringy @thejollyjoel You would be surprised how many perma-bulls have me blocked for calling out their nonsense as well.

@Mith_ @Biirringy @thejollyjoel I was being mildly sarcastic lol. "The stock market is a device for transferring money from the impatient to the patient" -Buffett. This is probably why you get so much heat from degenerate "investors"

@the_fat_pitch @harboreric My suggestion for now is to ignore the typical financials they are a speculative startup and a junior, none of that is really relevant to them. Rather focus on the technology, they are in reality a tech company that happens to recycle lithium-ion.

@Mith_ @harboreric Really appreciate this. We just started digging into ABAT so this is very helpfull. thanks

@JGolfington7 @Biirringy @thejollyjoel Doubtful, I have ran into people like him quite a few times, while I may be a insufferable windbag, people like are just annoying little twits.

@Biirringy @Mith_ @thejollyjoel I bet y'all would be best friends if you met in person.

The risks you list are not even close to the real concerns facing the company right now. Most of what will be included in the DFS is already done. What they are missing is the nuance and fine-tuned numbers needed for a bankable version. The DFS will be published when it benefits the company to do so. When it comes to Tonopah, the big factor right now is the NEPA review. That is the go/no-go decider for the company. This is also where the judicial bucket of the process starts to fill up, and while I do not expect a problem with the Section 106 review, its proximity to Tonopah makes this a fairly straightforward case. It is still a mine, and extortion is a thing. The second facility is also not that big of a deal, or at least the execution of it is not, will be interesting to see what kind of tax abetment package they will get but, it all depends on the efficiency of the technology. At this point, they have somewhat substantiated the LHM component, but there is still the question of the long-term cost of the bipolar membranes, and the energy costs compared to comparable modified chlor-alkali electrochemical platforms have still not been addressed. Also, while we have seen that the de-manufacturing side can be profitable, we have yet to see whether they can produce battery-grade material at the same level of efficiency. Now granted they are just planning on using a basic SX platform with industry-standard thermal crystallization, the novel aspects will not show up for some time and are not needed for initial production. The problem is that this is something that, so far, no one in the US has been able to achieve at commercial scale. They will need to complete production trials before anything binding is really negotiated, so while they can start breaking ground on the second facility, it will still all come down to the TRIC site. And that is just the tip of the iceberg.

@harboreric we are in lack of lithium for the foreseeable future. we just wrote about a lithium recycling/miner play if you want to have a look 👇 x.com/the_fat_pitch/…

Nah, everyone needs hobbies, and ever since the days when we had to wait several minutes listening to a sound like someone was trying to shove a cat up Satan’s beefhole just to connect to the internet, I’ve been taking people like you for a spin. Some people collect spores, molds, and fungus. I find people like you and spend a little time each day showing the world just how completely idiotic they are. You should still feel special, however. I don’t do this for your average idiot. As for essays, lol, these are simple snippets compared to what I write every day for a living, but based on the depth of knowledge you’ve displayed, you may think they’re long.

@Mith_ @thejollyjoel 🤣 I'm living in your head rent free. A lot of you are curious how I embarrass myself 🤣 ? If you say so. When are you going to post your next essay?

@Biirringy @thejollyjoel If you stoped making stuff up or stoped pretending you know anything about the company or the industry then I wouldn't have to waste my time on you. Actually a lot of us are curious to see how you embarrass yourself next.

@Mith_ @thejollyjoel You can call me Todd, Bob or Dad, I really don't give a rat's furry rear end son. You just keep writing your essays and we'll just keep ignoring them, and we 'traders' will flip this stock as soon as we see fit 👍

Standard generic AI generated text, the only problem is initial capacity will be 5ktpa which is Phase 1. They will then ramp up over the next few subsequent years with two more phases, each rated at 12.5ktpa, till they reach that 30ktpa. All together there will be 8 phases throughout the expected 45 LOM. I really do not expect them to hit that 30ktpa until 2032 or so if they start construction in 2028, which could be around the time the NEPA review wraps up and the legal challenges start.

@guillaumeMerig @Mith_

$ABAT ABTC has a claystone-to-lithium hydroxide pilot plant and is now focusing on building it out into a full-scale commercial refinery. The company published a pre-feasibility study for the project, projecting annual production of 30,000 tons of lithium hydroxide monohydrate

Manufacturers thank @RepBlakeMoore for introducing the Critical Mineral and Extraction Tax Parity Act. By aligning the 45X statute with the recently updated 2025 Critical Minerals List, this legislation will ensure greater access to those materials and help manufacturers launch projects that will secure our supply chains. blakemoore.house.gov/media/press-re…

This is directly about something I have talked about many times. There are pieces of legislation out there for permitting reform, like the SPEED Act and the FREEDOM Act, with the last one even going as far as to tackle what every administration does then blames the last when they shift the approval process to projects that fit their political agenda. Limiting administrations’ ability to weaponize the permitting process for political gain, the problem is it is also a very handy tool for legislators to have as well.

@memes_eV @Veritatem2021 Man if that is not a bot then it is the most desperate plea for attention I have seen in a long time. Every single rebuttal from them is no more than “I know you are but what am I”

@Veritatem2021 Man you’re dumb.

It takes 5 minutes to load a car with petrol or diesel. It takes 15-30 minutes to charge an EV even using ultra-high chargers, if you can even find one.

@boogeymantradez How many times did MULN do this crap, and people made bank playing each and every RS.

@thommic yes. Just playing for a delist runner. Not on the daily list , maybe they let it slide

$ADTX bought in the .065 cent range. Shocked this one didn’t delist, she’s thin at 13.7 million float and current price gives it a 800K market cap, lol , just had a 36 million dollar acquisition 2 months ago.

Man, Doug Burgum is gonna be so pissed when he finds out who was governor of North Dakota between 2016 and 2024

@AlecStapp I thought there was a chance to a all of the above when he agreed with Senator Cortez Masto that solar plus battery can be baseload during his confirmation hearing. That guy seems to have gotten lost once he left that hearing.

@Mith_ miss that guy, where did he go