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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 Metals Corporation (OTCQB:ABML) announced the approval of its mass grading permit for the Lithium-Ion Battery Recycling Pilot Plant in Fernley, Nevada, marking a significant step towards construction.
The company plans to submit the final core/shell building permit soon, and site grading will begin following that approval. The Pilot Plant will span approximately 100,000 square feet, divided into phases. ABML aims to enhance sustainability through its recycling technologies and is preparing updates for its website to track construction progress.
American Battery Metals Corporation (OTCQB:ABML) will participate in the Alliance Global Partners' Virtual Metals & Mining Conference on July 13, 2021. CEO Doug Cole and CFO David Corsaut will represent the company, which is transitioning its name to American Battery Technology Company. The company focuses on lithium-ion battery recycling, advanced extraction, and primary resources in Nevada. This aligns with their commitment to sustainable battery metal sourcing. For event details or meetings, visit their website.
American Battery Metals Corporation (OTCQB:ABML) has acquired a 13.8-acre property in the Tahoe Reno Industrial Center, aiming to establish a battery storage facility to support its battery recycling pilot plant. This site is pivotal for domestic supply of battery metals using innovative, eco-friendly extraction technologies. CEO Doug Cole emphasized the significance of this acquisition in advancing their recycling plant's construction, while ensuring project efficiencies. The Company is dedicated to sustainable sourcing of battery metals for electric vehicles and other applications.
American Battery Metals Corporation (OTCQB:ABML) has received unanimous approval from the Fernley City Council for a Conditional Use Permit (CUP) to establish a lithium-ion battery recycling pilot plant in Fernley, Nevada. This key approval comes after an earlier endorsement from the Fernley Planning Commission, representing a significant step towards the plant's construction. The facility is expected to support a sustainable supply of battery metals, enhance local economic conditions, and create jobs while employing innovative, eco-friendly extraction technologies.
American Battery Metals Corporation (OTCQB:ABML) announced the acquisition of two additional water rights amounting to 21.635 acre feet, ensuring adequate water supply for its planned 20,000 Metric Ton per year lithium-ion battery recycling pilot plant in Fernley, Nevada. This acquisition increases total water rights to 116.635 acre feet. The company's Chief Resources Officer emphasized the importance of securing these rights for operational certainty, supporting their strategy to lead in battery recycling technology and sustainable sourcing.
American Battery Metals Corporation (OTCQB:ABML) has entered escrow on a 13.8 acre property in the Tahoe Reno Industrial Park, the largest industrial park globally. This acquisition supports the company's mission in lithium-ion battery recycling and resource extraction.
The company is transitioning its name to American Battery Technology Company and continues to advance its clean technology platform, which focuses on sustainable sourcing for battery metals. Recent developments include the groundbreaking of a recycling facility in Fernley, NV.
American Battery Metals Corporation (ABML) and Cicle, Inc. have announced a groundbreaking partnership to establish centralized services for the collection and recycling of electric vehicle batteries at Cicle's ChargeParks. This initiative aims to address the increasing demand for renewable energy solutions in the EV ecosystem.
The collaboration will allow ABML to utilize its advanced lithium-ion battery recycling technology, processing approximately 20,000 tons of batteries annually at a pilot plant in Fernley, NV. The goal is to create a circular economy for battery materials, improving sustainability in the electric vehicle sector.
American Battery Metals Corporation (OTCQB:ABML) has submitted a formal application to list its common shares on the NASDAQ. Approval is subject to meeting minimum listing requirements, with no guarantee of success. The company believes that a NASDAQ listing will enhance liquidity, visibility, and shareholder value. Additionally, the City of Fernley Planning Commission has approved a Conditional Use Permit for a lithium battery recycling plant, a significant step forward for the company’s operations in Nevada.
American Battery Metals Corporation (OTCQB:ABML) is set to present at the Sidoti & Company Virtual Microcap Conference on May 19, 2021, at 4:00 pm ET. David Corsaut, CFO, will discuss the company's lithium-ion battery recycling technology and advanced extraction capabilities. Interested investors are encouraged to pre-register for the webinar. The company is transitioning to the name American Battery Technology Company and is expanding its clean technology platform for battery metals.
American Battery Metals Corporation (OTCQB:ABML) has received a Conditional Use Permit from the Fernley Planning Commission for its lithium battery recycling pilot plant. This approval is a crucial milestone in the permitting process, allowing the application to proceed to the Fernley City Council for final consideration. The facility aims to create jobs while providing an environmentally-friendly solution for battery metals supply in the U.S. The project is led by Miles Construction, which is preparing building permit applications to commence sitework in Fernley, Nevada.
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