American Battery Metals Corporation Entered into Escrow on Property Located in Tahoe Reno Industrial Park

Rhea-AI Summary

American Battery Metals Corporation (OTCQB:ABML) has entered escrow on a 13.8 acre property in the Tahoe Reno Industrial Park, the largest industrial park globally. This acquisition supports the company's mission in lithium-ion battery recycling and resource extraction.

The company is transitioning its name to American Battery Technology Company and continues to advance its clean technology platform, which focuses on sustainable sourcing for battery metals. Recent developments include the groundbreaking of a recycling facility in Fernley, NV.

Positive

• Acquisition of a 13.8-acre property supports business expansion.
• Development of a lithium-ion battery recycling facility underway.
• Transition to name 'American Battery Technology Company' aligns with business focus on battery resources.

Negative

• None.

RENO, NV / ACCESSWIRE / June 3, 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), entered into escrow on 13.8 acre property located at 695 E. Sydney Drive, Storey County, NV. The parcel is part of the Tahoe Reno Industrial Park known as the largest industrial park in the world.

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.

ABMC 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 Corporation

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https://www.accesswire.com/650274/American-Battery-Metals-Corporation-Entered-into-Escrow-on-Property-Located-in-Tahoe-Reno-Industrial-Park

FAQ

What recent action has American Battery Metals Corporation taken regarding property?

American Battery Metals Corporation has entered escrow on a 13.8 acre property in the Tahoe Reno Industrial Park.

What is the significance of the Tahoe Reno Industrial Park for ABML?

The Tahoe Reno Industrial Park is the largest industrial park in the world, providing a strategic location for ABML's operations.

What is the new name of American Battery Metals Corporation?

The company is changing its name to American Battery Technology Company.

What facility is American Battery Technology Company developing?

The company is developing a lithium-ion battery recycling facility in Fernley, NV.

What are the key focus areas of American Battery Technology Company?

The company focuses on lithium-ion battery recycling, extraction technology, and primary resources.