American Battery Metals Corporation Hires David Corsaut as Chief Financial Officer

Rhea-AI Summary

American Battery Metals Corporation (ABML) has announced the appointment of David Corsaut as Chief Financial Officer, marking a significant leadership change. Corsaut brings extensive experience across various sectors, having previously served as COO of Coolfire Solutions and worked with notable clients like General Electric and Wells Fargo. CEO Doug Cole expressed confidence that Corsaut's expertise will support the company's rapid growth in the lithium-ion battery recycling industry. The company is also transitioning its name to American Battery Technology Company and has recently commenced groundbreaking on a new recycling facility in Nevada.

Positive

• Appointment of David Corsaut as CFO brings strong financial expertise.
• Corsaut's background in technology and finance could enhance company operations.
• Groundbreaking of a lithium-ion battery recycling facility in Fernley, NV signifies growth.

Negative

• None.

INCLINE VILLAGE, NV / ACCESSWIRE / October 22, 2020 / 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, today announced the appointment of David Corsaut as Chief Financial Officer. The Company is an American-owned lithium-ion battery recycling technology and extraction company with mineral resources in Nevada.

Corsaut is a veteran leader of companies in the technology, manufacturing, logistics, finance and real estate sectors. He was instrumental in providing the capital formation for the companies he managed. Most recently Corsaut led Coolfire Solutions as Chief Operating Officer.

He has managed firms in Europe, Latin America, Asia and North America. As a professional consultant, Corsaut's clients have included General Electric, Wells Fargo, Ernst & Young, Private Equity and Venture Capital firms, Siemens A.G. and Morgan Stanley.

"David's international corporate leadership capacity will help execute our company's ambitious goals." said CEO Doug Cole. "We are growing rapidly and David's expertise and professionalism will be instrumental as we scale and integrate our resource, extraction and recycling operations."

"ABTC is a dynamic, fast-moving company, and is uniquely positioned to make a sustained impact in the new energy revolution," said Corsaut. "I'm pleased to join this evolving green technology company at such a foundational growth stage."

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 outlining achievements of the past year.

ABTC 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 September 30, 2018. 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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FAQ

Who is the new Chief Financial Officer of ABML?

David Corsaut has been appointed as the new Chief Financial Officer of American Battery Metals Corporation.

What experience does David Corsaut bring to ABML?

Corsaut has extensive experience in technology, finance, and operations, having managed companies and provided consulting services to major firms.

What recent developments has ABML announced in October 2020?

ABML announced David Corsaut's appointment as CFO and the groundbreaking of a lithium-ion battery recycling facility in Fernley, NV.

How might Corsaut's appointment impact ABML?

Corsaut's financial leadership and experience in rapid growth environments are expected to support ABML's ambitious goals in the recycling industry.