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Construction to Begin in Mid-September
INCLINE VILLAGE, NV / ACCESSWIRE / September 3, 2020 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), an American-owned lithium-ion battery recycling and advanced extraction technology company with valuable mineral resources in Nevada, is pleased to provide a video link and discuss the Company's ceremonial ground breaking celebration last week in Fernley, Nevada.
To view the video, please visit: CELEBRATORY GROUND BREAKING CEREMONY
"It was great to finally put the shovel in the ground," said American Battery Metals Corporation Chief Executive Officer Doug Cole. "We've worked diligently to get to this point, and we are just getting started. We were honored by such an outpouring of local support from the City of Fernley and Lyon County, including the participation of Fernley Mayor Roy Edgington and Nevada Congressman Mark Amodei. We know we made the right choice in selecting Fernley for this plant."
Mark Amodei, the United States Representative for Nevada's 2nd District, is the lead sponsor of H.R. 520, the National Strategic and Critical Minerals Production Act. H.R. 520 seeks to "develop domestic sources of the minerals and mineral materials of strategic and critical importance to the economic and national security and manufacturing competitiveness of the United States."
American Battery Metals Corporation, which is transitioning its corporate name to American Battery Technology Company, is uniquely positioned to supply battery metals through its three divisions: lithium-ion battery recycling, extraction technology, and primary resources.
Doug Nickle, American Battery Metals Corporation Head of Business Development and Government Affairs, said, "Our ground breaking event was a phenomenal success, and we are so grateful for all those who showed up to kick off the construction of our lithium-ion battery recycling facility. It was a real tribute to the innovative spirit of Nevadans, notably those from the City of Fernley and Lyon County, who joined us with sleeves rolled up, to help launch the construction of our first-of-kind recycling facility."
Construction is scheduled to begin mid-September, with the commencement of commercial operations to occur in first quarter of 2021.
American Battery Metals Corporation
American Battery Metals Corporation (www.batterymetals.com) (OTCQB:ABML) is an American-owned lithium-ion battery recycling technology and advanced extraction company with extensive mineral resources in Nevada. The company is focused on its lithium-ion battery recycling and resource production projects in Nevada, with the goal of becoming a substantial domestic supplier of battery metals to the rapidly growing electric vehicle and battery storage markets.
For more information, please visit: www.batterymetals.com
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including those with respect to the expected project economics for Western Nevada Basin (Railroad Valley), including estimates of life of mine, average production, cash costs, AISC, initial CAPEX, sustaining CAPEX, pre-tax IRR, pre-tax NPV, net cash flows and recovery rates, the impact of self-mining versus contract mining, the timing to obtain necessary permits, the submission of the project for final investment approval and the timing of initial gold production after investment approval and full financing, metallurgy and processing expectations, the mineral resource estimate, expectations regarding the ability to expand the mineral resource through future drilling, ongoing work to be conducted at the Western Nevada Basin (Railroad Valley), and the potential results of such efforts, the potential commissioning of a Pre-Feasibility study and the effects on timing of the project, are "forward-looking statements." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended September 30, 2019. The Company assumes no obligation to update any of the information contained or referenced in this press release.
SOURCE: American Battery Metals Corporation
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