American Battery Metals Corporation Schedules Ground Breaking Ceremony for Thursday, August 27

Rhea-AI Summary

American Battery Metals Corporation (OTCQB: ABML) announced the groundbreaking ceremony for its commercial lithium-ion battery recycling pilot plant scheduled for August 27 in Fernley, Nevada. CEO Doug Cole expressed excitement over the project's progress, highlighting community support. The facility aims to become a key domestic supplier for the electric vehicle and battery storage sectors. The company specializes in battery recycling technology and has significant mineral resources in Nevada.

Positive

• Commencement of construction for the lithium-ion battery recycling pilot plant.
• Community support highlighted by local government officials.
• Strategic focus on becoming a substantial supplier for electric vehicle and battery storage markets.

Negative

• None.

Celebrating the Start of Construction for its

Commercial Lithium-Ion Battery Recycling Pilot Plant

INCLINE VILLAGE, NV / ACCESSWIRE / August 24, 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, is pleased to announce the scheduling of its ground breaking ceremony for its commercial lithium-ion battery recycling pilot plant for Thursday, August 27. The ceremony celebrating the start of construction will begin at 2pm at 354 Winston Lane in Fernley, Nevada.

GROUNDBREAKING CEREMONY
Thursday, August 27 at 2pm
354 Winston Lane, Fernley, Nevada

Doug Cole, Chief Executive Officer of American Battery Metals Corporation, commented, "This event has been a long time coming as our team has put a lot of hard work to get to this point. We are extremely excited for this ground breaking and the work ahead of us to get the plant operational. We will be joined by local government officials who have really supported our efforts and champion our vision for lithium-ion battery recycling and clean sustainable energy. If you would like to join us at the ground breaking, please contact Katie Baker, our Corporate Communications leader, at 925-330-4450."

American Battery Metals Corporation

American Battery Metals Corporation (www.batterymetals.com) (OTCQB:ABML) is an American-owned lithium-ion battery recycling technology and advanced extraction company with extensive mineral resources in Nevada. The company is focused on its lithium-ion battery recycling and resource production projects in Nevada, with the goal of becoming a substantial domestic supplier of battery metals to the rapidly growing electric vehicle and battery storage markets.

For more information, please visit:www.batterymetals.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, 2019. 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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https://www.accesswire.com/602956/American-Battery-Metals-Corporation-Schedules-Ground-Breaking-Ceremony-for-Thursday-August-27

FAQ

What is American Battery Metals Corporation's stock symbol?

The stock symbol for American Battery Metals Corporation is ABML.

When is the groundbreaking ceremony for the ABML battery recycling plant?

The groundbreaking ceremony is scheduled for August 27.

Where is the ABML lithium-ion battery recycling facility located?

The facility is located at 354 Winston Lane, Fernley, Nevada.

What is the significance of ABML's battery recycling pilot plant?

The plant aims to become a key domestic supplier of battery metals for electric vehicles and battery storage.