American Battery Technology Company Stock Price, News & Analysis

American Battery Metals Corporation (OTCQB:ABML) has contracted to purchase 8 acres of land in Sparks, Nevada, strategically located in the Tahoe-Reno Industrial Center, near Tesla's Gigafactory. This acquisition aims to enhance the company's capacity for storing and recycling lithium batteries, addressing the growing demand for battery metals in the electric vehicle market. Alongside this, the company is transforming its name to American Battery Technology Company and has initiated the construction of a lithium battery recycling facility in Fernley, NV.

American Battery Metals Corporation (OTCQB:ABML) announced its upcoming presentation at The Wall Street Conference on May 5, 2021, located at Mar-a-Lago, Palm Beach, Florida. This exclusive event attracts elite Wall Street professionals and industry leaders. The company is rebranding to American Battery Technology Company and is focused on lithium-ion battery recycling and advanced extraction technology. Recently, it began construction on a recycling facility in Fernley, NV, promoting a circular economy for battery metals, emphasizing ethical and sustainable practices.

American Battery Metals Corporation (OTCQB:ABML) has submitted three new permit applications to the City of Fernley and the Nevada Division of Environmental Protection for its lithium battery recycling pilot plant in Fernley, Nevada. These include a mass grading permit and a Storm Water Pollution Prevention Plan. The mass grading permit will allow preparation of the 12.44-acre site for construction. The permits are intended to ensure environmental safety during the construction process, controlling dust and preventing stormwater pollution.

American Battery Metals Corporation (OTCQB:ABML) has successfully completed a registered direct offering of common stock, raising approximately $15 million at $1.65 per share. This funding will support the construction of a 20,000-metric ton lithium-ion battery recycling pilot plant and aid in plans to uplist to a major U.S. national exchange. CEO Doug Cole emphasized the significance of this investment for accelerating the company’s strategic goals and anticipated revenue generation by early 2022.

American Battery Metals Corporation (OTCQB:ABML) announced a registered direct offering to a single institutional investor, selling 9,090,910 shares at $1.65 each, totaling approximately $15 million in gross proceeds. The transaction is expected to close around April 28, 2021, pending customary conditions. A.G.P./Alliance Global Partners is the sole placement agent. The offering is made under an effective shelf registration statement previously filed with the SEC. The company, soon to be renamed American Battery Technology Company, focuses on lithium-ion battery recycling and sustainable sourcing.

American Battery Metals Corporation (OTCQB:ABML) has responded to the Department of Energy's Request for Information on risks in the high-capacity battery supply chain. The company identified significant risks including geopolitical dependency for battery materials, climate risks from outdated recycling methods, and a lack of transport infrastructure. Proposals were made to create a new non-waste classification for lithium-ion batteries and to allow regulatory waivers to enhance recycling efforts. The company aims to become a leader in lithium-ion battery recycling, addressing both environmental and supply chain challenges.

American Battery Metals Corporation (OTCQB:ABML) announced that CEO Doug Cole will present at the H.C. Wainwright Spring Mining Conference on April 20, 2021, at 9:30 AM ET. The conference will be held virtually on April 19-20, 2021. During his presentation, Mr. Cole will discuss the construction timeline of the company's 20,000-metric ton per year battery recycling pilot plant and its capabilities across its divisions, including recycling and extraction technology. Interested institutional investors can register for the conference to attend the presentation.

American Battery Metals Corporation (OTCQB: ABML) has retained the Ashcroft Firm to protect shareholders against false and defamatory reports aimed at manipulating its stock price. The company categorically denies these allegations and intends to use all available legal resources to investigate and report the matter to regulators. The firm is also reviewing options to hold responsible parties accountable. The company emphasizes its commitment to transparency and encourages investors to review its public filings, underlining its three divisions: lithium-ion battery recycling, extraction technology, and primary resources.