American Battery Metals Corporation Enters into Contract to Purchase 8 Acres of Land in Sparks, Nevada
American Battery Metals Corporation (OTCQB:ABML) has contracted to purchase 8 acres of land in Sparks, Nevada, strategically located in the Tahoe-Reno Industrial Center, near Tesla's Gigafactory. This acquisition aims to enhance the company's capacity for storing and recycling lithium batteries, addressing the growing demand for battery metals in the electric vehicle market. Alongside this, the company is transforming its name to American Battery Technology Company and has initiated the construction of a lithium battery recycling facility in Fernley, NV.
- Acquisition of 8 acres of land in a strategic location to support battery recycling operations.
- Proximity to Tesla's Gigafactory enhances potential business opportunities.
- Construction of a new lithium battery recycling facility underway, indicating growth potential.
- Company's focus on ethical and sustainable sourcing aligns with industry trends.
- None.
Ideally Located in the Tahoe-Reno Industrial Center
FERNLEY, NV / ACCESSWIRE / May 6, 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 share it has entered into a contract to purchase 8 acres of land near Sparks, Nevada. The property is located in the Tahoe-Reno Industrial Center (TRIC) and close to Tesla's Gigafactory. The new land acquisition provides the Company additional flexibility in building out facilities required to store and recycle lithium batteries.
"Our new property is ideally located in the Tahoe-Reno Industrial Center that provides ample transportation infrastructure important for our business." stated Chief Resources Officer Scott Jolcover.
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 battery recycling facility in Fernley, NV, and issued a public statement outlining policy reform needed to scale lithium battery recycling in the United States.
American Battery Technology Company has built a clean technology platform that increases 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.
For more information, please visit: www.americanbatterytechnology.com
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 June 30, 2020. 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
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