American Battery Metals Corp (OTCMKTS: ABML) has been on the move in recent days since reversing off $0.024 lows. This is an exciting company that is quickly attracting new shareholders at current levels as ABML trading volume has increased exponentially.
ABML is an advanced technology battery recycling and resource production company based in Nevada with the goal of becoming a substantial domestic supplier of battery metals to the rapidly growing electric vehicle and battery storage markets in America.
American Battery Metals Corp (OTCMKTS: ABML) owns land in Railroad Valley, NV, where its 1300 claims span 26,000 acres on BLM land. ABML has done extensive geophysics and drilling and will continue to do more intensive land surveys and drilling.
ABML also has an extraction business. It’s a proprietary, closed-loop, zero-waste extraction process. That means everything that comes out of the ground is either sold or returned back down to the earth in an environmentally-sustainable way. The advantage of the ABML process is that there is no two-year wait to obtain the lithium, as is common with the conventional evaporation ponds used in South American projects. There’s no ruining the ground with multiple football-field-sized ponds cutting into the earth. In fact, once lithium comes out of the well, ABML can be producing it within eight hours into a salable product that can go directly into the supply chain.
The Company has rapidly advanced its lithium-ion battery recycling system from technical validation at the laboratory level, to individual pilot equipment optimizations, and now to the implementation of a first-of-kind commercial facility at record pace. Consequently, American Battery Metals Corporation CTO Ryan Melsert was invited to participate in the IEA workshop in Paris, and to deliver the keynote address for the Electrochemistry working meeting.
ABML was the winner of the Greentown Labs/BASF Circularity Challenge for Battery Recycling: As winners American Battery Metals Corporation received a grant funding and space at the Greentown Labs Global Center for Cleantech Innovation in Boston, MA, while working in close conjunction with Greentown Labs and BASF.As part of the 25K grant/award BASF allowed ABML full access to their labs and test equipment to perfect the process and now BASF wants to see it built. BASF has indicated they’ll take every bit of production that can be processed in the new plant and asked ABML if they could have a production facility up and running within 3 months.
There is a critical need for the ABML recycling process right now. Only about five percent of all lithium batteries in the world get recycled today. Lithium batteries can be as small as those that power your smartphone or computer. 7000 laptop-sized batteries, all connected, create the necessary power for electric vehicles. Huge cells harness energy from renewables projects like solar and wind farms. Yet it is amazing that so few batteries get comprehensively recycled and reused. ABML recycling plant can be up and operating by the second half of 2020, and will begin to feed a supply chain desperate for new resources to fill global demand for battery metals.
February, 2020 (Microcapdaily.com) — Microcapdaily.com is an exciting small caps focused media portal providing in depth content on small cap companies such as American Battery Metals Corp (OTCMKTS: ABML)
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On February 5 ABML announced it will present at the Greentown Labs/BASF Circularity Challenge Final Showcase event on February 6th in Somerville, Massachusetts. The Greentown Labs Circularity Challenge is a six-month accelerator program for startups, developed in partnership with BASF, one of the world’s leading chemical companies. The program, also supported by Stanley Black and Decker, intends to advance innovative ideas to disrupt the plastics, energy storage, and recycling value chains to enable a circular economy.
American Battery Metals Corporation was awarded the Circularity Challenge prize for its lithium-ion battery recycling technology. American Battery Metals Corporation Chief Technology Officer Ryan Melsert and Senior Chemist Axel Drefahl have been working closely with BASF global personnel at Greentown’s laboratory facilities in Somerville, MA, as the company accelerates the launch of its scalable lithium-ion battery recycling facility. Commercial operations are scheduled to commence mid-2020.
According to the latest pr – “The IEA event in Paris concluded a whirlwind worldwide tour for Melsert and the American Battery Metals Corporation team, where he had just held meetings with BASF executives at their Battery/Catalyst headquarters in New Jersey, several government agencies and members of congress in Washington, DC, BASF engineers at their Global headquarters in Ludwigshafen, Germany, and with equipment manufacturers throughout the world, performing final inspections and testing for American Battery Metals Corporation’s lithium-ion battery recycling facility as the company readies to commence operations in Nevada, USA, mid-2020.”
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Currently trading at a $6.5 million market valuation ABML is fully reporting OTCQB with little assets, no revenues and $6. 5 million in current liabilities. ABML is an exciting story developing in small caps – the Company owns land in Railroad Valley, NV as well as a promising an extraction business. But the exciting story on ABML is its rapidly advanced lithium-ion battery recycling system what has moved from technical validation at the laboratory level, to individual pilot equipment optimizations, and now to the implementation of a first-of-kind commercial facility at record pace. At current price levels, there is a lot to get excited about on ABML. We will be updating on ABML when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ABML.
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Disclosure: we hold no position in ABML either long or short and we have not been compensated for this article.