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American Battery Metals Corporation (OTCQB: ABML) announced the groundbreaking ceremony for its commercial lithium-ion battery recycling pilot plant scheduled for August 27 in Fernley, Nevada. CEO Doug Cole expressed excitement over the project's progress, highlighting community support. The facility aims to become a key domestic supplier for the electric vehicle and battery storage sectors. The company specializes in battery recycling technology and has significant mineral resources in Nevada.
American Battery Metals Corporation (OTCQB: ABML) has confirmed the finalization of equipment orders for its first lithium-ion battery metals recycling plant. The company aims to close on secured land by September 15, 2020, with construction set to begin shortly after. This facility will process end-of-life battery materials using a two-phase operation to separate valuable components, with the first phase expected to be operational within 4-6 months. The initiative aims to meet the growing demand for battery metals in the electric vehicle market.