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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 a $75 million common stock purchase agreement to support the construction of a 20,000 metric ton per year lithium-ion battery recycling pilot plant.
This agreement allows the company to issue shares to an institutional investor over the next 24 months, with sales based on market price, ensuring funding for construction and operational needs without limiting the company’s financial flexibility.
Menka Sethi, COO of American Battery Metals Corporation (ABML), will present at the Virtual Energy Storage Conference on April 21-22, 2021. The conference, themed "The Storage Decade," will address the urgent need for energy decarbonization. Sethi aims to highlight ABML's closed-loop lithium-ion battery recycling platform, which supports sustainable energy storage and green transportation. This initiative aligns with U.S. goals for secure domestic production of critical materials. To register for the event, visit ESA Conference.
American Battery Metals Corporation (OTCQB:ABML) supports President Biden's $2 trillion infrastructure plan, which allocates $174 billion for promoting electric vehicles (EVs) and clean energy. The company plans to establish a 20,000 metric ton per year lithium-ion battery recycling pilot plant in Fernley, Nevada, projected to start operations by late 2021 and generate revenue in early 2022. This initiative aims to address critical material supply chain issues for EV adoption while enhancing local economies. The plan also emphasizes ethical sourcing and sustainable practices in battery metal production.
American Battery Metals Corporation (OTCQB: ABML) announced the appointment of Nick Copping to its Advisory Board. Copping, a seasoned technologist with experience at NASA and Microsoft, expressed enthusiasm for joining during this pivotal transition to green energy. CEO Doug Cole emphasized that Copping's expertise will be vital as the company advances its corporate and environmental initiatives. American Battery Technology Company is noted for its commitment to ethical sourcing and sustainability in lithium-ion battery recycling and extraction.
American Battery Metals Corporation (OTCQB:ABML) has been invited to join the Critical Materials Institute advisory board, enhancing its role in the lithium-ion battery recycling sector. This collaboration will enable the company to offer guidance on strategic planning and R&D initiatives, while addressing technological challenges in the recycling industry. With its advanced extraction technology and commitment to sustainable practices, the company aims to foster a robust domestic supply chain for critical battery materials.
American Battery Technology Company (ABML) has provided a significant update on its lithium-ion battery recycling pilot plant in Nevada. Key developments include the acquisition of 116.805 acre-feet/year of water rights, enabling full operational capacity. The upcoming completion of geotechnical investigations will facilitate grading permit applications, expected in April, with operations commencing in May. The company is also pursuing a Class II Air Quality Operating Permit while accelerating its primary lithium extraction efforts through a US DoE grant. These advancements position ABML favorably for future growth in the battery materials sector.
American Battery Metals Corporation (OTCQB:ABML) has established a new development center at the Nevada Center for Applied Research at the University of Nevada Reno. This initiative will complement the company's facilities at Greentown Labs in Cambridge, Massachusetts. With an investment of $500,000 in laboratory equipment this year and up to $2 million next year, the company aims to advance its battery recycling and metal extraction technologies. The move is expected to foster research partnerships and internships, enhancing operational capabilities as the Fernley, Nevada recycling facility is constructed.
American Battery Metals Corporation (OTCQB:ABML) announced that its S-3 Registration Statement for raising up to $250 million became effective on March 15, 2021. Previously, it raised $9,231,638 in January at an average price of $2.17 per share. CEO Doug Cole expressed confidence in the company's capital position for constructing its lithium-ion battery recycling facility in Fernley, Nevada. The company is committed to addressing capital needs prudently as it progresses through construction phases, with a focus on delivering its pilot plant and entering production.
American Battery Metals Corporation (OTCQB:ABML) has addressed false and defamatory statements made by short sellers, which it claims have negatively impacted its stock price. The company is currently undertaking legal actions against these allegations. Market potential for its lithium battery recycling technology is bolstered by increasing demand, expected to reach nearly $60 billion by 2024. ABTC is also progressing on its lithium battery recycling pilot plant in Fernley, NV, with necessary permits in review. The firm has received endorsements from major players in the industry, including a $4.5MM grant from the Department of Energy.
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