Accounts Payable and Accrued Liabilities

6 Months Ended

Dec. 31, 2024

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities

10. Accounts Payable and Accrued Liabilities

The table below presents total accounts payable and accrued liabilities at:

	December 31, 2024		June 30, 2024
Trade payables	$	2,038,587	$	4,255,398
Accrued fixed assets		225,104		996,970
Accrued expenses		4,903,723		2,244,265
Market agreement settlement		-		1,800,000
Total accounts payable and accrued liabilities	$	7,167,414	$	9,296,633

On July 3, 2024, the Company and Mercuria Energy America, LLC agreed to resolve their respective disputes related to a Marketing Agreement entered into in May 2023. Under the terms of the Settlement Agreement, the Company agreed to make six monthly payments to Mercuria Energy America, LLC of $0.3 million each. Upon the completion of the payments, the parties agreed to release any and all claims, disputes, actions, suits, proceedings, demands and/or liabilities in law and/or equity or otherwise. The total amount of payments due of $1.8 million was accrued as of June 30, 2024. As of December 31, 2024, all amounts have been paid.

AMERICAN BATTERY TECHNOLOGY COMPANY

Notes to the Condensed Consolidated Financial Statements

(unaudited)