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American Battery Technology Company (NASDAQ: ABAT) is a pioneering organization in the field of critical battery materials, based in Reno, Nevada. The company specializes in the exploration, mining, extraction, and recycling of battery metals, making it a key player in the United States' efforts to build a sustainable and domestically-sourced battery supply chain. Formerly known as Oroplata Resources, Inc., the company rebranded to its current name in May 2019 to better reflect its expanded focus on battery technology.
ABTC owns 647 placer mining claims covering approximately 12,940 acres in Nevada's western basin, situated in Railroad Valley in Nye County. Additionally, the company holds a 120-acre parcel of private property with water rights in Currant, Nevada, near Railroad Valley. These assets are strategic to their operations, particularly their flagship project, the Tonopah Flats Lithium Project, which is one of the largest known lithium resources in the United States.
In August 2023, ABTC took a significant step by securing permit approval for its third drill program, aimed at upgrading the resource classification of the Tonopah Flats Lithium Project. The company has also developed a clean technology platform that provides a key source of domestically manufactured critical and strategic battery metals. This ESG-principled platform aims to create a closed-loop circular economy for battery metals, ensuring ethical and environmentally sustainable sourcing.
The company's technological advancements are complemented by strong partnerships and federal investments. ABTC has received multiple grants from the U.S. Department of Energy (DOE), including a $115 million project funded through the Bipartisan Infrastructure Law to support the construction of a commercial-scale battery-grade lithium hydroxide manufacturing facility. Other notable collaborations include partnerships with DuPont, the University of Nevada, Reno, and Argonne National Laboratory.
ABTC is also making strides in lithium-ion battery recycling. In October 2023, the company announced the operational start-up of its commercial-scale lithium-ion battery recycling facility in McCarran, Nevada. This facility, when fully ramped, will have the capacity to process over 20,000 metric tonnes of battery feedstock materials per year, producing recycled products including copper, aluminum, steel, and battery-grade lithium hydroxide.
ABTC's commitment to innovation and sustainability is further evidenced by its strategic move to list on the Nasdaq Capital Market under the symbol 'ABAT'. This uplisting marks a significant milestone for the company, providing greater exposure and increased access to global capital markets and institutional investors.
American Battery Technology Company (ABML) announced a $2 million contract from the United States Advanced Battery Consortium LLC (USABC) in collaboration with the U.S. Department of Energy for a 30-month project. This initiative aims to demonstrate the commercial viability of recycling lithium-ion batteries and producing battery-grade metals from recycled materials. The project includes a 75% cost-share and focuses on lower costs, reduced environmental impact, and increased domestic sourcing of battery metals.
American Battery Technology Company (OTCQB:ABML) announced a definitive agreement for a securities sale worth approximately $39.1 million, at a 5.8% premium to the 5-day Volume Weighted Average Price. This funding is intended to fully finance the construction of its 20,000 metric tonne per year lithium-ion battery recycling plant in Nevada. The offering includes 25,389,611 shares of common stock and warrants priced at $1.54 per share. The company is also pursuing a Nasdaq listing to strengthen its market position.
American Battery Metals Corporation (OTCQB:ABML) announced an agreement to secure 305 unpatented lode mining claims covering approximately 6,100 acres near Tonopah, Nevada. This exclusive exploration license allows ABTC to conduct surveying and extraction trials on these lithium-bearing resources. Historically, nearby claims showed significant lithium resources, which supports ABTC's focus on domestic battery material sourcing. The company will also apply for an exploration permit while preparing to expand its lithium resource development with its recently purchased Tonopah office.
American Battery Metals Corporation (OTCQB:ABML) announced a collaborative agreement with Global Energy Metals Corporation to expand its operations in nickel and cobalt battery metal production. This partnership will leverage new processes to manufacture these metals domestically, complementing ABML's existing lithium production efforts.
The company has been developing a unique extraction process for lithium from Nevada resources, supported by a grant from the US Department of Energy. ABML aims to contribute significantly to North America's supply of critical battery materials, addressing industry demands as it prepares to launch a lithium-ion battery recycling pilot plant.
American Battery Metals Corporation (OTCQB:ABML) announced the appointment of Ryan Melsert as CEO, transitioning from his role as Chief Technology Officer. This change supports the company's long-term growth strategy, prioritizing technology development and commercialization. Outgoing CEO Doug Cole expressed confidence in Melsert's leadership, highlighting his involvement in key strategic initiatives. The Board will convene an annual shareholders meeting post-annual report filing to nominate new director candidates as part of the growth-stage transition.
American Battery Metals Corporation (ABML) applauds the U.S. Senate's bipartisan Infrastructure Investment and Jobs Act, emphasizing support for electric vehicles (EVs) and green industry investments. This legislation is expected to enhance federal investments in battery recycling technologies and strengthen the U.S. battery supply chain. President Biden's Executive Order aims for 50% of new vehicles sold by 2030 to be zero emissions, boosting demand for lithium-ion batteries. ABML is positioned to leverage these developments, advocating for a sustainable circular economy in battery metals.
RENO, NV / ACCESSWIRE / August 11, 2021 / American Battery Metals Corporation (OTCQB:ABML) is set to present at the Sidoti & Company Virtual Microcap Conference.
- Date: August 18, 2021
- Time: 4:00 pm ET
The Company is transitioning its name to American Battery Technology Company and focuses on lithium-ion battery recycling and advanced extraction technologies. Investors are encouraged to pre-register for the event to facilitate participation and updates. The forward-looking statements in the release caution about potential risks, including market fluctuations and regulatory uncertainties.
American Battery Metals Corporation (OTCQB:ABML) announced the appointment of Andrés Meza as its new Chief Operating Officer. With a background in chemical engineering and extensive experience in high-volume manufacturing, Meza will lead the company's growth as it develops its first lithium-ion battery recycling facility. His prior roles include positions at Apple and McKinsey and Company, where he optimized manufacturing processes. This strategic hire aims to strengthen ABML's operational leadership amidst its transition to American Battery Technology Company.
American Battery Metals Corporation (OTCQB: ABML) announced Doug Hamilton's promotion to Head of Policy, effective immediately. Hamilton, who previously led Business Development, will now oversee domestic policy initiatives, including regulatory legislation and government collaboration. His experience in renewable energy spans over 11 years, enhancing ABML's efforts in sustainable battery materials management. The company aims to establish a robust domestic supply chain to meet the increasing demand for lithium batteries, emphasizing ethical and environmentally sustainable practices.
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