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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) has appointed Tiffiany Moehring as Head of Corporate Communications. Bringing over 20 years of experience from Waste Management, she specializes in corporate social responsibility, media relations, and stakeholder engagement. Moehring aims to enhance the company's leadership in lithium battery recycling and sustainable technologies. American Battery Technology Company, the company’s new name, focuses on battery metals supply through recycling, extraction, and primary resources, with a new recycling facility inaugurated in Fernley, NV.
American Battery Metals Corporation (OTCQB:ABML) has contracted to purchase 8 acres of land in Sparks, Nevada, strategically located in the Tahoe-Reno Industrial Center, near Tesla's Gigafactory. This acquisition aims to enhance the company's capacity for storing and recycling lithium batteries, addressing the growing demand for battery metals in the electric vehicle market. Alongside this, the company is transforming its name to American Battery Technology Company and has initiated the construction of a lithium battery recycling facility in Fernley, NV.
American Battery Metals Corporation (OTCQB:ABML) announced its upcoming presentation at The Wall Street Conference on May 5, 2021, located at Mar-a-Lago, Palm Beach, Florida. This exclusive event attracts elite Wall Street professionals and industry leaders. The company is rebranding to American Battery Technology Company and is focused on lithium-ion battery recycling and advanced extraction technology. Recently, it began construction on a recycling facility in Fernley, NV, promoting a circular economy for battery metals, emphasizing ethical and sustainable practices.
American Battery Metals Corporation (OTCQB:ABML) has submitted three new permit applications to the City of Fernley and the Nevada Division of Environmental Protection for its lithium battery recycling pilot plant in Fernley, Nevada. These include a mass grading permit and a Storm Water Pollution Prevention Plan. The mass grading permit will allow preparation of the 12.44-acre site for construction. The permits are intended to ensure environmental safety during the construction process, controlling dust and preventing stormwater pollution.
American Battery Metals Corporation (OTCQB:ABML) has successfully completed a registered direct offering of common stock, raising approximately $15 million at $1.65 per share. This funding will support the construction of a 20,000-metric ton lithium-ion battery recycling pilot plant and aid in plans to uplist to a major U.S. national exchange. CEO Doug Cole emphasized the significance of this investment for accelerating the company’s strategic goals and anticipated revenue generation by early 2022.
American Battery Metals Corporation (OTCQB:ABML) announced a registered direct offering to a single institutional investor, selling 9,090,910 shares at $1.65 each, totaling approximately $15 million in gross proceeds. The transaction is expected to close around April 28, 2021, pending customary conditions. A.G.P./Alliance Global Partners is the sole placement agent. The offering is made under an effective shelf registration statement previously filed with the SEC. The company, soon to be renamed American Battery Technology Company, focuses on lithium-ion battery recycling and sustainable sourcing.
American Battery Metals Corporation (OTCQB:ABML) has responded to the Department of Energy's Request for Information on risks in the high-capacity battery supply chain. The company identified significant risks including geopolitical dependency for battery materials, climate risks from outdated recycling methods, and a lack of transport infrastructure. Proposals were made to create a new non-waste classification for lithium-ion batteries and to allow regulatory waivers to enhance recycling efforts. The company aims to become a leader in lithium-ion battery recycling, addressing both environmental and supply chain challenges.
American Battery Metals Corporation (OTCQB:ABML) announced that CEO Doug Cole will present at the H.C. Wainwright Spring Mining Conference on April 20, 2021, at 9:30 AM ET. The conference will be held virtually on April 19-20, 2021. During his presentation, Mr. Cole will discuss the construction timeline of the company's 20,000-metric ton per year battery recycling pilot plant and its capabilities across its divisions, including recycling and extraction technology. Interested institutional investors can register for the conference to attend the presentation.
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.
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