American Battery Metals Corporation Retains the Ashcroft Firm as it Categorically Denies Short Sellers' Allegations
American Battery Metals Corporation (OTCQB: ABML) has retained the Ashcroft Firm to protect shareholders against false and defamatory reports aimed at manipulating its stock price. The company categorically denies these allegations and intends to use all available legal resources to investigate and report the matter to regulators. The firm is also reviewing options to hold responsible parties accountable. The company emphasizes its commitment to transparency and encourages investors to review its public filings, underlining its three divisions: lithium-ion battery recycling, extraction technology, and primary resources.
- Retained Ashcroft Firm to investigate false reports and protect shareholders.
- The commitment to transparency and encouraging investors to review public filings.
- Stock price decreased due to false allegations.
- The potential impact of negative reports on investor confidence.
Nationally Recognized Law Firm Will Take All Available Legal Resources to Protect Shareholders
INCLINE VILLAGE, NV / ACCESSWIRE / April 13, 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, today announced that it has retained the Ashcroft Firm, chaired by former Attorney General John Ashcroft.
The Company's hiring of the Ashcroft Firm is in response to false and defamatory reports posted on March 9 and March 10, 2021. We believe these "reports" were intended to manipulate our stock price downward in support of short sellers. American Battery Metals Corporation categorically denies the allegations and their implications and has retained the Ashcroft Firm to investigate this matter and take all available legal recourses to protect our shareholders. The Company also intends to report this activity to the appropriate regulators.
American Battery Metals Corporation will defend itself vigorously against these false allegations and is also reviewing all legal options at its disposal to hold the author(s) and the sponsors of these reports responsible for the baseless attack, which has, as of this press release, caused its stock to decrease. Shareholders are cautioned against reacting to any false statements being made that demonstrate their author's lack of understanding of the Company and its multiple deployment models. We stand by the data provided and described in detail in our public filings, and we urge all investors to review those filings.
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 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
P: 775-473-4744
info@batterymetals.com
SOURCE: American Battery Metals Corporation
View source version on accesswire.com:
https://www.accesswire.com/640098/American-Battery-Metals-Corporation-Retains-the-Ashcroft-Firm-as-it-Categorically-Denies-Short-Sellers-Allegations
FAQ
What legal action is American Battery Metals Corporation taking in response to recent allegations?
What is the main objective of the Ashcroft Firm's involvement with ABML?
How has the stock price of ABML been affected by recent reports?
What divisions does American Battery Metals Corporation operate in?
What does ABML encourage its investors to do following recent allegations?
