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Tuesday, August 3, 2021

Blue Skies; American Battery Metals Corp (OTCMKTS: ABML) Electric Vehicle EV Lithium Innovator Breaks Out

American Battery Metals Corp (OTCMKTS: ABML) is making a powerful run up the charts eclipsing all previous highs and entering a blue sky breakout. The American-owned lithium-ion battery recycling technology and advanced extraction Company with extensive mineral resources in Nevada is making huge moves in the EV space. ABML headquarters are strategically located 20 miles from Tesla’s Gigafactory project and the Company has been attracting Tesla alum such as Kris Gustafson, former Tesla Senior Designer as Lead Procurement Manager and former Facebook bigwig Menka Sethi as Chief operating officer.

ABML is currently building a 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 which would represent a huge step forward for ABT to become a major lithium producer. Management has been cleaning up the balance sheet recently raising several tronches of $1.35 million in Preferred Stock at a fixed price per share of $0.125. Part of the proceeds were used to repay and satisfy all remaining convertible notes that could be convertible into common stock at a discount to market. At this time, there are no convertible notes that can be converted into stock.

American Battery Metals Corp (OTCMKTS: ABML) soon to be named American Battery Technology Company “ABTC” is the premiere “Made in the USA” high-tech battery metals exploration and mining company 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.

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 early 2021, and will begin to feed a supply chain desperate for new resources to fill global demand for battery metals.

American Battery subsidiary Lithium Ore, currently 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. The Company 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. The Company 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, NV. The Western Nevada Basin Claim covers just over 30,000 acres. It consists of a total of 1,300 placer claims. Each claim covers approximately 20 acres and was laid out by aliquot parts as required by the Bureau of Land Management.

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Earlier this month ABML reported it has raised an additional $1.45 million in Preferred Stock at a fixed price per share of $0.125 common share equivalent, bringing its total raised to $2.7 million under the Preferred offering. The Company intends to use the net proceeds from the Private Placement for general working capital purposes, redemption of certain convertible notes, development of the Company’s proprietary technology, to purchase capital assets, and/or to fund the Company’s on-going business plan. The Preferred Stock private placement round is now closed.

American Battery Technology Company recently updated shareholders on critical milestones it has achieved on the path to opening its pilot lithium-ion battery recycling plant in Fernley, Nevada. Over the past three months, ABTC has achieved three critical milestones that enable the Company to move ahead in permitting, constructing, and commissioning its pilot lithium-ion battery recycling plant in Fernley, Nevada:

Purchased the Pilot Factory Land – ABTC purchased 12.44 acres of undeveloped land located at 345 Winston Lane, Fernley, Lyon County, Nevada. ABTC will be constructing five separate building areas on this property to create a Pilot Plant campus that includes: Production Process Areas, Feedstock Sorting Area, Analytical Laboratory Spaces & Process Development Bays, a Storage Warehouse, and general Office Space.

Secured Water Rights – ABTC has secured multiple water allocations from the Fernley Area Basin 76 (Lyon, Washoe, Storey, and Churchill Counties) of Nevada’s West Central Region (Hydrographic Region 5). By securing these water rights, ABTC ensures it can operate its pilot facility at full throughput with adequate water capacity for many years to come.

Hired Design/Build Construction Firm – After a rigorous national search, ABTC has selected Miles Construction as the design-build contractor for its Fernley pilot plant campus. The Miles team of talented architects, mechanical electrical & process engineers, HVAC system designers, fire protection engineers, and construction contractors are currently working with the ABTC team through construction design and the permitting process with the City of Fernley (City) and the Nevada Department of Environmental Protection (NDEP). ABTC is finalizing its permitting processes with the City and NDEP and will announce updated permitting and construction timelines in early 2021.

ABTC CEO Doug Cole stated: “ABTC is making great strides to construct our pilot lithium-ion battery recycling facility in Fernley, Nevada as quickly as possible. We are grateful for Nevada’s support to do so. At full capacity, our pilot facility will recycle 20,000 metric tons of feedstock a year to recover critical and strategic materials needed to manufacture new EV and consumer electronic batteries – and to ensure these lithium-ion batteries do not end up in the landfill as waste.”

 

https://twitter.com/DavidMusiker/status/1339260724909137920

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ABML is making a powerful run up the charts eclipsing all previous highs and entering a blue sky breakout. The American-owned lithium-ion battery recycling technology and advanced extraction Company with extensive mineral resources in Nevada is making huge moves in the EV space. ABML headquarters are strategically located 20 miles from Tesla’s Gigafactory project and the Company has been attracting Tesla alum such as Kris Gustafson, former Tesla Senior Designer as Lead Procurement Manager and former Facebook bigwig Menka Sethi as Chief operating officer. American Battery Metals Corp  soon to be named American Battery Technology Company “ABTC” is the premiere “Made in the USA” high-tech battery metals exploration and mining company 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. ABML is currently building a 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 which would represent a huge step forward for ABT to become a major lithium producer. Management has been cleaning up the balance sheet recently raising several tronches of $1.35 million in Preferred Stock at a fixed price per share of $0.125. Part of the proceeds were used to repay and satisfy all remaining convertible notes that could be convertible into common stock at a discount to market. At this time, there are no convertible notes that can be converted into stock. Microcapdaily first reported on ABML on February 5 when the stock was sub $0.05. 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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