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Powerful Run On EV Lithium-ion Battery Recycler American Battery Metals Corp (OTCMKTS: ABML)

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American Battery Metals Corp (OTCMKTS: ABML) is making a powerful run  after breaking $1.60 highs averaging over $20 million in dollar volume a day and now on a blue sky breakout. Microcapdaily reported on ABML on February 5, 2020 when the stock was a litte over $0.03 stating in our article titled: “03 Reversal Spárks American Battery Metals Corp (OTCMKTS: ABML) 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 American-owned lithium-ion battery recycling technology and advanced extraction Company with extensive mineral resources in Nevada. The Company is making big moves in the EV space and is headquarters are strategically located 20 miles from Tesla’s Gigafactory project. Tesla alum such as Kris Gustafson, former Tesla Senior Designer as Lead Procurement Manager and former Facebook bigwig Menka Sethi as Chief operating officer have recently jumped on board.

ABT is 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 putting the Company on track to become a major lithium producer. Management has been working hard behind the scenes cleaning up the balance sheet and raising captial that was used to repay 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 ABML stock. ABML was just awarded a $4.5 million DOE grant for field demonstration of selective leaching, targeted purification, and electro-chemical production of battery grade lithium hydroxide precursor from domestic claystone resources. Late last year ABML stated it anticipates seeking an uplisting to a national exchange.

American Battery Metals Corp (OTCMKTS: ABML) (soon to be re-named American Battery Technology Company “ABTC”) 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 recently announced the groundbreaking of 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.

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On December 15 ABML announced it has reached critical milestones 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.

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.”

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ABML is making a powerful run after breaking $1.60 highs averaging over $20 million in dollar volume a day and now on a blue sky breakout. Microcapdaily reported on ABML on February 5, 2020 when the stock was a litte over $0.03 stating in our article titled: “03 Reversal Spárks American Battery Metals Corp (OTCMKTS: ABML) 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 American-owned lithium-ion battery recycling technology and advanced extraction Company with extensive mineral resources in Nevada. The Company is making big moves in the EV space and is headquarters are strategically located 20 miles from Tesla’s Gigafactory project. Tesla alum such as Kris Gustafson, former Tesla Senior Designer as Lead Procurement Manager and former Facebook bigwig Menka Sethi as Chief operating officer have recently jumped on board. ABT is 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 putting the Company on track to become a major lithium producer. Management has been working hard behind the scenes cleaning up the balance sheet and raising captial that was used to repay 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 ABML stock. ABML just inked a $4.5 million DOE grant for field demonstration of selective leaching, targeted purification, and electro-chemical production of battery grade lithium hydroxide precursor from domestic claystone resources. Late last year ABML stated it anticipates seeking an uplisting to a national exchange. 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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