American Battery Metals Corporation Announces Acquisitions and Recording of Two Additional Water Rights

Rhea-AI Summary

American Battery Metals Corporation (OTCQB:ABML) announced the acquisition of two additional water rights amounting to 21.635 acre feet, ensuring adequate water supply for its planned 20,000 Metric Ton per year lithium-ion battery recycling pilot plant in Fernley, Nevada. This acquisition increases total water rights to 116.635 acre feet. The company's Chief Resources Officer emphasized the importance of securing these rights for operational certainty, supporting their strategy to lead in battery recycling technology and sustainable sourcing.

Positive

• Acquisition of 21.635 acre feet of water rights enhances operational security for the lithium-ion battery recycling pilot plant.
• Total water rights acquired now amount to 116.635 acre feet, supporting business development.
• Strategic positioning in the battery recycling market with potential for revenue growth.

Negative

• None.

Provides Certainty of Water Needed for Operations of Planned 20,000 Metric Ton Per Year Lithium-Ion Battery Recycling Pilot Plant

RENO, NV / ACCESSWIRE / June 9, 2021 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), an American-owned lithium-ion battery recycling technology and advanced extraction company with extensive mineral resources in Nevada, which is in the process of changing its name to American Battery Technology Company (ABTC), is pleased to announce the acquisitions and recording of two additional water rights totaling 21.635 acre feet.

"The completion of this hard asset acquisition gives certainty that the water needed for operations of our planned 20,000 Metric Ton per year lithium-ion battery recycling pilot plant is ensured," stated Scott Jolcover, American Battery Technology Company Chief Resources Officer.

Located in Basin 76 within the City of Fernley Water Service area, these additional water rights for the ABTC pilot plant in Fernley Nevada bring the total water rights acquired and closed to-date to 116.635 acre feet.

About American Battery Metals Corporation

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 public statement outlining its principled approach to executing its ambitious business plan.

American Battery Technology Company has built a clean technology platform that has the ability to increase production of primary metals used in the batteries that power electric cars, grid storage applications, consumer electronics and tools. The green platform creates a circular economy for battery metals that champions ethical and environmentally sustainable sourcing of critical materials.

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 development timelines and economics for ABTC recycling projects including the development of its initial or subsequent recycling facilities or any lithium-ion mining projects, and the potential results of such efforts, and the effects on timing of such 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 June 30, 2020. The Company assumes no obligation to update any of the information contained or referenced in this press release.

Contact Information

American Battery Metals Corporation
p775-473-4744
info@batterymetals.com
www.americanbatterytechnology.com

SOURCE: American Battery Metals Corp.

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FAQ

What recent acquisition did American Battery Metals Corporation announce?

American Battery Metals Corporation announced the acquisition of two additional water rights totaling 21.635 acre feet.

How many total water rights does American Battery Metals Corporation have now?

The total water rights acquired by American Battery Metals Corporation now amount to 116.635 acre feet.

What is the significance of the water rights acquisition for ABML?

The acquisition ensures adequate water supply for the planned 20,000 Metric Ton per year lithium-ion battery recycling pilot plant, enhancing operational certainty.

How does the acquisition impact American Battery Metals Corporation's operations?

The acquisition provides certainty of water needed for the operations of their lithium-ion battery recycling pilot plant, supporting business objectives.