[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Mith & Abe [@Mith_](/creator/twitter/Mith_) on x 1687 followers Created: 2025-07-18 20:31:17 UTC This is the story behind $ABAT revenue, cue the bass-heavy Behind the Music theme song. They are technically still a startup that invented and developed a method to create black mass from lithium-ion batteries by leveraging the cells’ natural tendency to partially pre-treat themselves. Their process causes the cells to short circuit, generating heat that breaks down the metals and the compounds binding them together while preventing ignition. This technology is new, so it did not work perfectly at the start. It took over a year to generate even a small amount of revenue, with a negative margin of 523%. After a quarter or two, they managed to optimize the system and reduce that margin to negative 135%. Currently, they produce intermediates, including NMC black mass, which depending on the CIF can sell for $XXXXX to $XXXXX per ton. If they fully dial in the system, that could translate into a XX% to XX% profit margin. The real opportunity, and the reason many, myself included, invested in the company years ago, lies in the next step, which produces battery-grade metals. This stage could boost revenue from $X to $XX million annually to $XXX to $XXX million. However, the status of this stage is uncertain, though shipping manifests and an equipment list in the 2023 10-K suggest components for this phase have already been delivered. Regarding the mine, it has just begun its NEPA review process. Initial production is not expected until 2028 or 2029. While that timeline may seem optimistic, it refers to a small commercial-scale plant supported by a DOE grant for XXXXX tons of lithium hydroxide per year, compared to the planned initial capacity of XXXXXX tons annually, future expansion will put this at XXXXXX tons. It could be 2030 or later before that initial XXXXXX tons of production is achieved. Back to recycling, once the battery-grade production stage is commissioned, at least six months should be expected before they achieve positive financial results. After that, improvements will come gradually through operational efficiencies, technology maturation, and economies of scale reducing per-unit costs as production volume increases. With all of that said they should have the recycling sorted out and be preparing to break ground on another facility in 2026 that will process XXXXXXX tons of batteries and waste per year compared to the XXXXXX tons of the current plant. XXXXX engagements  **Related Topics** [coins music](/topic/coins-music) [$abat](/topic/$abat) [mith](/topic/mith) [Post Link](https://x.com/Mith_/status/1946306803387539905)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Mith & Abe @Mith_ on x 1687 followers
Created: 2025-07-18 20:31:17 UTC
This is the story behind $ABAT revenue, cue the bass-heavy Behind the Music theme song.
They are technically still a startup that invented and developed a method to create black mass from lithium-ion batteries by leveraging the cells’ natural tendency to partially pre-treat themselves.
Their process causes the cells to short circuit, generating heat that breaks down the metals and the compounds binding them together while preventing ignition. This technology is new, so it did not work perfectly at the start.
It took over a year to generate even a small amount of revenue, with a negative margin of 523%. After a quarter or two, they managed to optimize the system and reduce that margin to negative 135%.
Currently, they produce intermediates, including NMC black mass, which depending on the CIF can sell for $XXXXX to $XXXXX per ton. If they fully dial in the system, that could translate into a XX% to XX% profit margin.
The real opportunity, and the reason many, myself included, invested in the company years ago, lies in the next step, which produces battery-grade metals. This stage could boost revenue from $X to $XX million annually to $XXX to $XXX million. However, the status of this stage is uncertain, though shipping manifests and an equipment list in the 2023 10-K suggest components for this phase have already been delivered.
Regarding the mine, it has just begun its NEPA review process. Initial production is not expected until 2028 or 2029. While that timeline may seem optimistic, it refers to a small commercial-scale plant supported by a DOE grant for XXXXX tons of lithium hydroxide per year, compared to the planned initial capacity of XXXXXX tons annually, future expansion will put this at XXXXXX tons. It could be 2030 or later before that initial XXXXXX tons of production is achieved.
Back to recycling, once the battery-grade production stage is commissioned, at least six months should be expected before they achieve positive financial results. After that, improvements will come gradually through operational efficiencies, technology maturation, and economies of scale reducing per-unit costs as production volume increases.
With all of that said they should have the recycling sorted out and be preparing to break ground on another facility in 2026 that will process XXXXXXX tons of batteries and waste per year compared to the XXXXXX tons of the current plant.
XXXXX engagements
Related Topics coins music $abat mith