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American Battery Technology Co (OTCMKTS: ABML) Major Reversal Brewing as Co Makes Steady Progress at its Lithium-Ion Battery Recycling Facility in Fernley

Published

8 months ago

on

American Battery Technology Co (OTCMKTS: ABML) has been moving steadily northbound since a brief dip below $0.50 and a reversal off $0.48 lows. The stock was one of the biggest runners of 2020 and early 2021 skyrocketing from $0.03 where we first reported on it to highs near $5 per share in January 2021. Since than the stock has seen steady declines until recently when selling dried up and the Company reported significant advancements at its plant in Fernley, Nevada strategically located 20 miles from Tesla’s Gigafactory project. 

ABT recycling facility on 12.44 acres in Fernley, Nevada designed to manage 20,000 metric tons of scrap materials and end-of-life batteries per year is moving ahead swiftly with $10.8 million invested in construction just over the past year. to date, construction of the Phase 1 building is largely complete, with additional equipment procurement, component and utility installations, and offsite improvements in process.  ABTC anticipates beginning commissioning of Phase 1 of the plant by year-end 2022, and ramping throughput throughout calendar 2023.  


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American Battery Technology Co (OTCMKTS: ABML) is an industry leading clean technology innovator that has been created to increase the production of primary metals used in batteries that power electric cars, grid storage applications, and consumer electronics.  ABTC has built its capabilities to produce these battery metals through three business divisions: 1) recycling of lithium-ion batteries to recover battery metals, 2) extraction from primary resources, and 3) exploration of new primary resources. Together, the three approaches comprise a unique technologies platform that ensures battery metals are domestically sourced and re-used in an environmentally friendly, closed-loop fashion. ABTC’s multi-pronged approach builds the foundation for a circular economy of battery metals that supports a global shift away from fossil fuel energy sources.

The Company is building out its lithium-ion battery recycling facility in Fernley, NV, and issued a public statement outlining its principled approach to executing its ambitious business plan. ABT has built a clean technology platform that increases production of primary metals used in the batteries that power electric cars, grid storage applications, consumer electronics and tools. The green platform creates a circular economy for battery metals that champions ethical and environmentally sustainable sourcing of critical materials.

ABT subsidiary Lithium Ore has 1,040 placer mining claims on over 20,000 acres in the area known as the Western Nevada Basin, situated in Railroad Valley in Nye County, Nevada. ABT also owns a 120-acre property with water rights, in the town of Duckwater, NV near Railroad Valley, which it acquired for exploratory purposes and was fully impaired in prior years. ABT leases from the Bureau of Land Management its Western Nevada Basin Claim where it is exploring and drilling for possible lithium-rich brine. The Western Nevada Basin (WNB) Claim is located in east central Nye County, Nevada approximately 93 miles northeast of the county seat of Tonopah, Nevada. The Western Nevada Basin Claim covers 30,000 acres and consists of a total of 1,300 placer claims.

The past 12 months have been a transformational year for the company as it has continued on an accelerated path to commercialize and evolve its first-of-kind, low-cost, and low-environmental-impact technologies within the lithium-ion battery recycling and primary battery metals manufacturing sectors.  The commercialization and scale-up of these technologies in collaboration with the company’s strategic corporate partners are supporting the establishment of the crucial closed-loop domestic manufacturing supply chain for critical battery materials. 

The company began construction on the ABTC Pilot Plant for lithium-ion battery recycling in the first fiscal quarter of 2022, and to date, construction of the Phase 1 building is largely complete, with additional equipment procurement, component and utility installations, and offsite improvements in process.  ABTC anticipates beginning commissioning of Phase 1 of the plant by year-end 2022, and ramping throughput throughout calendar 2023. 

During the past year, ABTC also performed several rounds of sampling and evaluation of its lithium-bearing sedimentary material unpatented lode claims in Tonopah, Nev.  These analyses began with surface sampling in Fall 2021, and the promising results from these samples and analyses led the company to conduct an exploratory drill program, with results announced in June 2022, demonstrating the deposit has minimal overburden and that the deposit is open below the sampled depth of approximately 500 feet.  These results have now led ABTC to develop a Phase 2 step-out drill program to further characterize the deposit.  The company has initiated this Phase 2 exploratory drill program and intends to advance the project towards a mineralized resource in the fall of 2022.  

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ABML

In October of 2021, ABTC received two government awards: a $4.5 million grant from the US Department of Energy’s Advanced Manufacturing Office Critical Materials Innovation program to advance the company’s first-of-kind processes to extract and manufacture lithium hydroxide from its lithium-bearing sedimentary resources in Tonopah, and a $2 million grant from the US Advanced Battery Consortium to demonstrate the recovery of battery materials from end-of-life lithium-ion batteries, the subsequent refinement of those materials into high energy density active cathode material, and for the fabrication and testing of full size automotive lithium-ion batteries from these recycled-content materials.   

Additionally, ABTC has enhanced its leadership and governance with the appointment of a new CEO in August of 2021, the appointment of four new independent directors on March 1, 2022, the hiring of a new Chief Operating Officer in July 2021, the hiring of a new Chief Financial Officer in April of 2022, the hiring of an internal General Counsel in August 2022, and the addition of key engineering and research personnel throughout the year to accelerate the development of the ABTCs research, construction, and operations efforts. 

Key highlights from the fiscal 2022 year-end report include: 

  • The company ended the year with a cash balance of $29.0 million, compared to $16.1 million in the year prior 
  • Major construction progress on the ABTC Pilot Plant for the recycling of lithium-ion batteries in Fernley, Nev, with $10.8M invested in construction-in-progress during the fiscal year 
  • Completion of Phase 1 exploratory drilling program at ABTC’s Tonopah Flats Lithium Project, with initial published results demonstrating minimal overburden and that the deposit remains open at depths below the sampled approximately 500 feet 
  • Addition of key engineering and research personnel to facilitate the accelerated advancement of the company’s transition to commercialization 
  • Investment of $1.1 million in research and development to advance development of the company’s proprietary primary and secondary battery mineral extraction technologies 
  • Project initiation of two government and corporate awards, from the US Department of Energy Advanced Manufacturing Office and from the US Advanced Battery Consortium, that support the company’s research and development and commercialization initiatives and solidify industry collaborations 
  • Near fivefold expansion of ABTC laboratory facilities encompassing approximately 3,000 square-feet at the Nevada Center for Applied Research at the University of Nevada, Reno 
  • Enhancement of corporate governance with the appointment of a new CEO, a fully reconstituted independent Board of Directors, and the hiring of a new Chief Operating Officer, Chief Financial Officer, and a General Counsel. 
Ryan Melsert, CEO of the American Battery Technology Company stated: “Over the past year, with our new leadership in place, we have prioritized company resources towards the technical demonstration of our core technologies, the formation of collaborations and partnerships with our key corporate strategics, and the construction and commissioning of our initial revenue-generating facilities. We are experiencing unprecedented tailwinds in this domestic battery metals industry, where corporate OEMs, institutional investors, the federal government, and state governments are all aligned in demanding the rapid scale-up and commercialization of domestic battery mineral technologies and facilities.  We are working with each of our stakeholders on a daily basis to ensure that we are addressing these needs as rapidly as possible. The past fiscal year, and its associated leadership and governance changes, has set the foundation for the company to continue to accelerate the demonstration and commercialization of its core technologies, to build upon its relationships with its corporate strategics, and to prioritize the execution of its key construction, commissioning, and operations milestones. We are excited about the continued progress towards these goals, and of our unique position in this critical industry to work to solve these domestic and global challenges.”

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Currently trading at a $350 million market valuation ABML OS is 644,138,631 shares. The Company has an excellent financial position with $56 million in assets $36 million in cash and about $3.5 million in liabilities. Microcapdaily firest reported on ABML when the stock was $0.03. AMBL is an exciting story developing in small caps that is looking to uplist to a national exchange. The Company has a unique comprehensive, integrated business model that includes three diversified business units under one roof: Lithium-Ion Battery Recycling, Primary Metals Manufacturing, and Primary Resource Development. Currently the stock is moving northbound since reversing off $0.48 lows on accelerating volume as the Company makes steady progress at its plant in Fernley, Nevada strategically located 20 miles from Tesla’s Gigafactory project investing $10.8 million in construction just over the past year. To date, construction of the Phase 1 building is largely complete, with additional equipment procurement, component and utility installations, and offsite improvements in process.  ABTC anticipates beginning commissioning of Phase 1 of the plant by year-end 2022, and ramping throughput throughout calendar 2023. During the past year, ABTC also performed several rounds of sampling and evaluation of its lithium-bearing sedimentary material unpatented lode claims in Tonopah, Nev.  These analyses began with surface sampling in Fall 2021, and the promising results from these samples and analyses led the company to conduct an exploratory drill program, with results announced in June 2022, demonstrating the deposit has minimal overburden and that the deposit is open below the sampled depth of approximately 500 feet.  These results have now led ABTC to develop a Phase 2 step-out drill program to further characterize the deposit.  The company has initiated this Phase 2 exploratory drill program and intends to advance the project towards a mineralized resource in the fall of 2022. 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.

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Emerging Markets

Aclarion Inc (NASDAQ: ACON): A Breakthrough Partnership

Published

5 days ago

on

May 31, 2023

By

Aclarion, Inc. (NASDAQ: ACON) shares rocketed 157% Tuesday morning after their commercialization agreement with the London Clinic.

Aclarion, Inc. (NASDAQ: ACON) shares rocketed 157% Tuesday morning after their commercialization agreement with the London Clinic. The London Clinic is UK’s most renowned independent, private hospital, established 1932 with their Spine Clinic being the first specialist spinal unit based in England back in 1997.

“With a focus on providing the very best healthcare outcomes, The London Clinic is an ideal customer for Aclarion as the company works to deliver the Nociscan solution to physicians and patients around the world,” said John Sutcliffe MD, Neurosurgeon and Founder of London Spine Clinic. “The engagement with Aclarion will allow London Spine Clinic to continue offering the high-quality care our patients have come to expect. Patients need a careful assessment, diagnosis, and understanding of the different treatment options. Aclarion’s innovative Nociscan solution will enable us to objectively assess biomarkers associated with low back pain and enhance the precision of each diagnosis.”

More on Nociscan Technology

Aclarion, Inc.’s Nociscan Technology is an innovative medical solution that aims to revolutionize the diagnosis of disc-related conditions. They leverage biomarkers and proprietary augmented intelligence algorithms to help physicians identify the location of chronic low back pain.

What’s exciting is its advantages over the current standard of care. It offers a non-invasive approach, ensuring patient comfort and safety. Given it’s non-invasive, that also means 0 pain with 0 radiation (typically associated with traditional discography). The best part is it can seamlessly integrate into standard lumbar MRI protocols, making it a convenient and efficient option for healthcare providers. 

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The procedure takes approximately 25-45 minutes, thoroughly evaluating spinal discs without compromising accuracy. Additionally, Nociscan technology offers significant cost savings, with a list price of $1,450, making it an affordable alternative to traditional discograms. Overall, Aclarion, Inc.’s technological advances represent a significant push forward in disc-related diagnostic techniques, prioritizing patient well-being, convenience, and affordability.

https://twitter.com/TigerLineTrades/status/1663527784143093762?s=20

Nociscan Study

They also recently completed a study that spanned two years and involved 78 patients at a single site. The success rate soared to an impressive 85% for patients whose treatment strategy aligned with the disks identified by Nociscan. This represented a remarkable 22% improvement over patients whose treatment strategy did not consider the insights provided by Nociscan.

Aclarion expressed confidence that the results of the trial demonstrate the potential of Nociscan to assist physicians in successfully treating DLBP. Dr. Matthew Gornet, orthopedic surgeon and lead author of the study, enthusiastically endorsed Nociscan, stating, “The two-year surgical outcomes of the clinical trial provide unequivocal evidence of its effectiveness, particularly with regards to the primary endpoint, the Oswestry Disability Index (ODI). I firmly believe that Nociscan has the potential to revolutionize the standard of care and accurately aid all physicians treating chronic low back pain.”

It is worth noting that although Nociscan was performed on all patients in the study, it was not part of the surgical decision-making process, as highlighted by the company.

Conclusion

The commercial agreement between Aclarion, Inc. and the prestigious London Clinic signifies a significant milestone for both parties, carrying the potential for global recognition, revenue growth, and scalability. By integrating Aclarion’s innovative Nociscan Technology, the London Clinic demonstrates its commitment to delivering cutting-edge healthcare to optimize patient well-being and enhance clinical outcomes. Furthermore, the partnership’s success holds the potential for scaling Nociscan Technology to other institutions and markets, propelling Aclarion, Inc. to become a global leader in non-invasive medical technologies while driving substantial revenue growth.

We will update you on ACON when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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Emerging Markets

Aemetis Inc. (NASDAQ: AMTX) Pioneers Renewable Fuel Market with EPA Approval

Published

2 weeks ago

on

May 21, 2023

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Aemetis (NASDAQ: AMTX) shares surged 105% this week. The renewable natural gas and renewable fuels company received approval from the EPA.

Aemetis, Inc. (NASDAQ: AMTX) shares surged 105% this week. The renewable natural gas and renewable fuels company received approval from the U.S. EPA to generate renewable identification numbers (RINs) under the federal Renewable Fuel Standard. They have six dairy biogas digesters up and running, with a seventh one scheduled to start operating in June 2023.

Aemetis plans to generate multiple sources of revenue from its renewable natural gas. They will sell the gas to replace petroleum diesel in transportation, sell California Low Carbon Fuel Standard credits to fuel blenders who need to meet carbon reduction requirements in California, sell the RINs generated under the federal Renewable Fuel Standard, and benefit from production tax credits starting in 2025 under the Inflation Reduction Act.

They have completed constructing and operating six dairy digesters, a biogas pipeline spanning over 40 miles, a central facility to upgrade biogas to renewable natural gas, and a utility pipeline interconnection unit. The renewable natural gas is injected into the utility gas system and stored underground until Aemetis Biogas obtains carbon intensity (CI) pathway approvals from the California Air Resources Board (CARB) to sell credits under the California Low Carbon Fuel Standard.

They have already completed 90 days of renewable natural gas production and data collection required for the CARB approval process. While the final pathway is under review by CARB, Aemetis can use a temporary CI pathway with a value of -150, allowing them to start generating revenue in the third quarter of 2023.

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Andy Foster, the president of Aemetis Biogas Inc., expressed excitement about the approval of Aemetis Biogas for generating D3 RINs, as it marks a significant milestone towards generating full product revenue. He emphasized that the company’s investments since 2019 have directly reduced greenhouse gas pollution, improved air quality in Central Valley communities, and created jobs. Aemetis is committed to expanding their network of dairy digesters and producing more carbon-negative renewable natural gas to replace petroleum diesel.

The dairy digesters, pipeline project, and biogas-to-RNG facility funding includes grants from the California Department of Food and Agriculture and the California Energy Commission. Aemetis also closed a $25 million long-term financing deal with Greater Commercial Lending last fall, supported by a loan guarantee from the USDA. This project financing has a low fixed interest rate for the first five years and spans over 20 years.

Aemetis has plans to file applications for an additional $100 million of loans from the USDA’s REAP loan program. These funds will support the engineering, permitting, and construction of 31 more dairies. Each loan application will be limited to a maximum of $25 million and carry a 20-year repayment term.

https://twitter.com/Theweedfarmer/status/1658946668052504576?s=20

Where could Aemetis, Inc. (NASDAQ: AMTX) be in 5 years?

The company has an ambitious Five Year Plan to generate substantial revenue and reduce air and carbon pollution. The plan projects $2.0 billion in revenues, $496 million in net income, and $682 million in adjusted EBITDA by 2027, with strong compound annual growth rates. Aemetis aims to expand its operations by producing Renewable Natural Gas (RNG), Sustainable Aviation Fuel (SAF), Renewable Diesel fuel (RD), and other low-carbon products. The plan emphasizes the positive financial impact of the Inflation Reduction Act.

The plan highlights the financial benefits of the Inflation Reduction Act, which enables the transfer of tax credits and incentives related to production, projected to improve net income by $341 million in 2027.

The plan also focuses on revenue growth in all product lines, including expanding the dairy RNG business, constructing a renewable jet/diesel plant, implementing carbon sequestration, and improving energy efficiencies. 

The company has already achieved significant milestones, such as completing biogas pipeline construction, upgrading facilities for biogas-to-RNG production, and progressing in carbon sequestration and renewable jet/diesel plant development. The company has also secured a biodiesel purchase agreement in India and made strides in constructing a solar microgrid and implementing energy-efficient measures.

We will update you on AMTX when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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Emerging Markets

GSI Technology, Inc. (NASDAQ: GSIT): Pure AI Play Transforming Semiconductor Memory Solutions for Efficient AI Processing

Published

3 weeks ago

on

May 14, 2023

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GSI Technology, Inc. (NASDAQ: GSIT) has witnessed a significant surge in its stock price, from $1.62 to $3.84, at the time of writing on Friday, May 12.

GSI Technology, Inc. (NASDAQ: GSIT) has witnessed a significant surge in its stock price, from $1.62 to $3.84, at the time of writing on Friday, May 12. This represents an impressive 137% increase; the volume has been off the hook. If you look at their historical chart, $GSIT had meager volume, sometimes as low as 300 shares traded in a day. If you do the math, that’s less than $500 worth of shares traded in a day – safe to say it was virtually illiquid.

So what happened, and what drove the stock to trade 50M shares with filings or news releases?

After an in-depth examination, GSI Technology, Inc. appears to have experienced a notable turning point in its market trajectory. The catalyst for this transformation was the company’s prominent feature on Fox News, triggering an exponential dissemination of information across various platforms. It is worth highlighting an intriguing phenomenon that tends to transpire in such circumstances: purchasing shares often induces a ripple effect, encouraging further buying activity.

With Fox News bringing the company into the spotlight and stimulating investor interest, a domino effect occurred among astute day traders who eagerly seized the opportunity to partake in this promising venture. Consequently, the trading volume for GSI Technology, Inc. skyrocketed to unprecedented levels, surpassing all previously recorded thresholds.

This surge in volume stands as a testament to the immense enthusiasm that enveloped the market as traders recognized the tremendous potential inherent in $GSIT. This collective enthusiasm resulted in an extraordinary demonstration of market engagement, reflecting a widespread acknowledgment of the company’s significance and the opportunities it presents.

https://twitter.com/SamanthaLaDuc/status/1657033207412293634?s=20

This development showcases the power of influential media coverage and underscores the intriguing dynamics that can arise when investor sentiment aligns with a compelling market narrative.

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Founded in 1995, GSI Technology Inc. has established itself as a prominent provider of semiconductor memory solutions. The company is focused on introducing new products that capitalize on its core strengths, which include radiation-hardened memory products for extreme environments and Gemini, an advanced processing unit (APU) designed to enhance performance in various artificial intelligence (AI) applications. Headquartered in Sunnyvale, California, GSI Technology operates sales offices in the Americas, Europe, and Asia.

GSI Technology is on the verge of reporting its earnings next week, and the company operates in the storage business, which supports the development of highly efficient AI chips. Traditionally, computing involves separate chips for storage and computation, necessitating frequent data exchange. This process incurs significant power consumption and presents scalability challenges.

To address these limitations, GSI Technology has developed a groundbreaking solution called In-memory processing. This innovation substantially reduces computation time from minutes to seconds, milliseconds, or even microseconds. Notably, it also significantly diminishes power consumption and overall cost of ownership. The key to this improvement lies in the massive parallel data processing offered by GSI’s technology, featuring two million-bit processors per chip compared to thousands found in standard graphic processing units (GPUs). Consequently, the system becomes more scalable, enabling efficient and accelerated AI processing.

By streamlining the computing process and integrating storage and computation on a single chip, GSI Technology aims to revolutionize AI processing. This approach offers notable benefits regarding power efficiency, computational speed, and scalability, making it an attractive solution for a wide range of AI applications.

In conclusion, GSI Technology, Inc. is poised to deliver innovative semiconductor memory solutions emphasizing AI chip development. The company aims to reduce computation time, power consumption, and total ownership cost through its In-memory processing technology while significantly improving scalability. With its upcoming earnings report, investors and industry observers will closely watch the company’s progress in the storage business and AI chip development.

We will update you on GSIT when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening with GSIT.

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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