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Saturday, July 24, 2021

EV; Llithium-ion Battery Recycling; the Rise of American Battery Metals Corp (OTCMKTS: ABML)

American Battery Metals Corp (OTCMKTS: ABML) has been on the rice in recent months as EV stocks take heat up and take the market by storm. The stock was trading as low as $0.024 earlier this year but has been steadily rising since then and now looks to be setting up to make a run on ABML previous levels in the $0.35 to $0.40 range. While there is still a ways to go a break over $0.43 and its blue skies ahead.

American Battery is an exciting company that is quickly attracting new shareholders as the Company executes on its 3 pronged approach to produce lithium from: 1) recycling of lithium-ion batteries to recover battery metals, 2) extraction from primary resources, and 3) exploration of new primary resources. ABT 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 2 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.

The Company’s primary near-term objective is to escalate commercial application of its first-of-kind lithium-ion battery recycling and extraction capacities. Currently ABTC is developing a physical pilot factory, expanding its technology and management team, positioning its technology platform for commercial deployment; and building strategic partnerships. The Company recently purchased 12.44 acres in Fernley, Nevada to build a first of kind “green” battery recycling facility. The permitting process to open its state-of-the-art building is underway. The Fernley facility will be designed to manage 20,000 metric tons of scrap materials and end-of-life batteries per year, representing approximately $160 million of annualized revenue and over 80% EBITDA at current commodity prices annually. To put this in context, currently only 90,000 metric tons of battery materials are recycled globally. Recently the Company said it has hired some personal at the facility including employees that used to work at Tesla.

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ABML

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.

American Battery has also been expanding its management team adding key personnel in the areas of construction management, finance, logistics and chemical engineering to accelerate commercial deployment of our battery material extraction and recycling platform. Our leadership team has expanded with the promotion of Ryan Melsert to Chief Technology Officer and company Director and the hiring of Menka Sethi as Chief Operating Officer. David Corsaut has also joined ABTC as Chief Financial Officer, Scott Jolcover has joined as Chief Resource Officer, and David Batstone has joined as a company Director.

The EV market is booming!  Demand for lithium-ion batteries is predicted by industry researchers to skyrocket more than ten-fold over the next ten years. Over the same period, the Company anticipates limited announcements for new sources of U.S.-produced battery metals, including lithium, nickel, cobalt, and manganese.

https://twitter.com/GambinoMatty/status/1332324820940435456

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Currently making a powerful run northbound ABML is fully reporting OTCQB and an exciting story developing in small caps – the Company is executing on its 3 pronged approach to produce lithium from: 1) recycling of lithium-ion batteries to recover battery metals, 2) extraction from primary resources, and 3) exploration of new primary resources. ABT 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. The EV market is booming!  Demand for lithium-ion batteries is predicted by industry researchers to skyrocket more than ten-fold over the next ten years. Over the same period, the Company anticipates limited announcements for new sources of U.S.-produced battery metals, including lithium, nickel, cobalt, and manganese. Management has been cleaning up the balance sheet recently repaying 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. 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.

Ali Raza
A journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

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1 COMMENT

  1. Never, ever considered investing in penny stocks until ABML. However, this company has the talent and expertise needed to succeed. Only thing missing is a time line. Hope to be able to hold out for the $10 a share.

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