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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) is transforming into American Battery Technology Company, focusing on the production of battery metals through recycling, extraction, and exploration. With a new recycling facility in Nevada projected to handle 20,000 metric tons of materials annually, the company anticipates $160 million in revenue with over 80% EBITDA. The team has expanded with key appointments to boost its commercial deployment. As demand for lithium-ion batteries is expected to rise, ABML aims to capitalize on this growth while addressing domestic sourcing challenges.
American Battery Metals Corporation (ABML) has announced the appointment of David Corsaut as Chief Financial Officer, marking a significant leadership change. Corsaut brings extensive experience across various sectors, having previously served as COO of Coolfire Solutions and worked with notable clients like General Electric and Wells Fargo. CEO Doug Cole expressed confidence that Corsaut's expertise will support the company's rapid growth in the lithium-ion battery recycling industry. The company is also transitioning its name to American Battery Technology Company and has recently commenced groundbreaking on a new recycling facility in Nevada.
American Battery Metals Corporation (ABML), an American lithium-ion battery recycling and extraction company, announced raising $1.35 million in Preferred Stock at $0.125 per share. The funds were utilized to pay off all convertible notes, effectively improving the company's capital position and preventing equity dilution. CEO Doug Cole emphasized the company's enhanced balance sheet and focus on lithium-ion battery recycling and resource production in Nevada. The firm aims to be a major supplier of battery metals for the growing electric vehicle market.
American Battery Metals Corporation (ABML) announced the appointment of David Batstone to its Board of Directors, enhancing its leadership team. Batstone, who oversees the company’s impact investing strategy, has a strong background in entrepreneurship and investment banking. His appointment aligns with ABML's commitment to renewable energy and sustainability. The company is focused on lithium-ion battery recycling and has initiated a groundbreaking recycling facility in Fernley, NV, aimed at supporting the electric vehicle market and ensuring ethical sourcing of battery metals.
American Battery Metals Corporation (ABML) announced a $1,250,000 equity investment from Just Business, a San Francisco-based impact investment firm. This investment supports ABML's mission for ethical sourcing in the clean energy sector, particularly through battery recycling and resource production. The company is well-positioned to meet the growing demand for battery metals in electric vehicles and battery storage. With operations in Nevada, ABML is focused on innovative recycling and extraction technologies, marking a significant step towards a sustainable circular economy.
American Battery Metals Corporation (OTCQB:ABML) released a shareholder letter detailing its 2020 achievements and future plans. The company is changing its name to American Battery Technology Company to reflect its commitment to a circular economy in battery metals. Highlights include establishing a pilot factory in Fernley, Nevada, intended to process 20,000 metric tons of scrap materials annually, and strategic partnerships, notably with BASF. The company anticipates increased demand for lithium-ion batteries and aims for an uplisting to a national exchange.
American Battery Metals Corporation (OTCQB: ABML) announces the appointment of Menka Sethi as Chief Operating Officer. Sethi, previously with Facebook, brings extensive experience in corporate strategy and real estate development. CEO Doug Cole endorsed her potential for driving growth and overseeing operations. The company is focused on battery recycling and resource production in Nevada to support the electric vehicle market. With a strong commitment to sustainability, Sethi aims to enhance the company's role in powering the clean energy economy.
American Battery Metals Corporation (ABML) announced that CTO Ryan Melsert will speak at the Benchmark Battery Day webinar on September 23, 2020. The event focuses on battery recycling, supply chain opportunities, and environmental developments. Melsert is expected to discuss the company's innovative lithium-ion battery recycling process and progress on its Nevada facility. He emphasized the critical role of battery recycling in supplying materials for renewable energy while addressing e-waste challenges. For registration, visit the Benchmark website.
American Battery Metals Corporation (OTCQB: ABML) has appointed Ryan Melsert to its Board of Directors, enhancing its leadership in lithium-ion battery recycling. Melsert, previously R&D Manager at Tesla's Gigafactory, has been instrumental in developing the Company’s battery recycling technologies since joining in 2019. Under his guidance, the Company is advancing towards construction of its first recycling facility in Nevada, which aims to produce battery-grade metals from end-of-life batteries. This strategic move is expected to strengthen American Battery’s market position in the growing electric vehicle sector.
American Battery Metals Corporation (OTCQB:ABML) announces the ceremonial groundbreaking for its lithium-ion battery recycling facility in Fernley, Nevada. The event saw participation from local leaders including Fernley Mayor Roy Edgington and Congressman Mark Amodei. Construction is set to commence by mid-September, with operations anticipated to begin in Q1 2021. The company aims to position itself as a key domestic supplier of battery metals, capitalizing on its advanced extraction technology and mineral resources in the region.
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