American Battery Metals Company Announces $1.25 Million Equity Investment from Just Business

Rhea-AI Summary

American Battery Metals Corporation (ABML) announced a $1,250,000 equity investment from Just Business, a San Francisco-based impact investment firm. This investment supports ABML's mission for ethical sourcing in the clean energy sector, particularly through battery recycling and resource production. The company is well-positioned to meet the growing demand for battery metals in electric vehicles and battery storage. With operations in Nevada, ABML is focused on innovative recycling and extraction technologies, marking a significant step towards a sustainable circular economy.

Positive

• Secured a $1,250,000 equity investment from Just Business.
• Investment supports ethical and sustainable sourcing of battery materials.
• Positioned to cater to the increasing demand for battery metals due to growing EV markets.
• Focused on lithium-ion battery recycling and advanced extraction technologies.

Negative

• None.

INCLINE VILLAGE, NV / ACCESSWIRE / October 13, 2020 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), which is in the process of changing its name to American Battery Technology Company (ABTC), today announced the close of a $1,250,000 equity investment from Just Business, a San Francisco based impact investment firm.

Led by partners, David Batstone, Mark Wexler and William Riggs, Just Business is committed to building profitable companies that positively impact the world. The firm is focusing its' most recent fund, the People | Planet Fund, on technology platforms that will support that clean energy transition and provide the building blocks to power the future of society, from electric vehicles and grid storage applications to consumer electronics and power tools.

"We are excited to invest in a company that supports ethical and environmentally sustainable sourcing of critical materials for everything from our cars to our electronics," said Wexler. "American Battery's focus on recycling, extraction, and exploration uses the best technology available and we look forward to working with them as they scale their vision of a circular economy that connects people, planet and profit."

American Battery Technology Company is uniquely positioned to supply battery metals through its three divisions: lithium-ion battery recycling, extraction technology, and primary resources. The Company recently announced the groundbreaking of its lithium-ion battery recycling facility in Fernley, NV and issued a recent Shareholder Letter October 2020 outlining achievements of the past year. The Company is focused on its lithium-ion battery recycling, its proprietary extraction technology, and resource production projects in Nevada, to become a substantial domestic supplier of battery metals to the rapidly growing electric vehicle and battery storage markets.

For more information, please visit: www.americanbatterytechnology.com

American Battery Metals Corporation

American Battery Metals Corporation (www.batterymetals.com) (OTCQB:ABML) is an American-owned lithium-ion battery recycling technology and advanced extraction company with extensive mineral resources in Nevada. The company is focused on its lithium-ion battery recycling and resource production projects in Nevada, with the goal of becoming a substantial domestic supplier of battery metals to the rapidly growing electric vehicle and battery storage markets.

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, including those with respect to the expected project economics for Western Nevada Basin (Railroad Valley), including estimates of life of mine, average production, cash costs, AISC, initial CAPEX, sustaining CAPEX, pre-tax IRR, pre-tax NPV, net cash flows and recovery rates, the impact of self-mining versus contract mining, the timing to obtain necessary permits, the submission of the project for final investment approval and the timing of initial gold production after investment approval and full financing, metallurgy and processing expectations, the mineral resource estimate, expectations regarding the ability to expand the mineral resource through future drilling, ongoing work to be conducted at the Western Nevada Basin (Railroad Valley), and the potential results of such efforts, the potential commissioning of a Pre-Feasibility study and the effects on timing of the project, are "forward-looking statements." Although the Company's 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, 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 September 30, 2019. The Company assumes no obligation to update any of the information contained or referenced in this press release.

Contact Information

p775-473-4744
info@batterymetals.com

SOURCE: American Battery Metals Corporation

View source version on accesswire.com:
https://www.accesswire.com/610296/American-Battery-Metals-Company-Announces-125-Million-Equity-Investment-from-Just-Business

FAQ

What is the significance of the $1.25 million investment in ABML?

The $1.25 million investment from Just Business boosts ABML's efforts in sustainable and ethical sourcing of battery materials.

How does ABML plan to utilize the funds from Just Business?

ABML plans to enhance its battery recycling and extraction projects with the funds to meet the growing demand in the EV market.

What business areas does American Battery Metals Corporation focus on?

ABML focuses on lithium-ion battery recycling, advanced extraction technology, and resource production in Nevada.

What impact does the investment have on ABML's future prospects?

The investment positions ABML to scale its operations and contribute to a circular economy in the battery metals sector.

When was the investment from Just Business announced?

The investment was announced on October 13, 2020.