Collaboration with Strategic Partners to Implement State-of-the-Art Extraction Technologies
INCLINE VILLAGE, NV / ACCESSWIRE / February 6, 2020 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), an American-owned advanced technology battery recycling and resource production company based in Nevada, today discussed the importance of environmental sustainability in the extraction of lithium from brine resources.
Traditional extraction of lithium from brine resources (especially in South America) entails pumping brine water from underground aquifers to the surface, where it is held in multiple large evaporation ponds. Solar evaporation separates the lithium from the water in a process that takes 18-24 months. This process can be delayed by rainfall and other factors, and the evaporation ponds create significant disruption to the surrounding land surface ecosystem.
"The American Battery Metals Corporation team is diligently working with our expert strategic partners to create the most efficient, cost-effective and state-of-the-art extraction technologies," said Chief Executive Officer Doug Cole. "The American Battery Metals Corporation extraction process will be environmentally sound and will not require the unsustainable and inefficient evaporation ponds associated with lithium-from brine mining in South America."
Cole expects the American Battery Metals Corporation extraction will achieve the highest concentrations and purity of lithium, making it suitable for refining into lithium carbonate or lithium hydroxide, the two main constituents used in lithium battery manufacturing.
Successful extraction from brine is not a one-size-fits-all process. It can vary significantly based on various factors, including the mineral composition and chemical makeup of the brine. Cole states, "As a value-add, the "made in the USA" American Battery Metals Corporation extraction process will be specifically-tailored to our brine resource, and it can be replicated for licensing to other companies with fluid-based resources."
American Battery Metals Corporation
American Battery Metals Corporation (www.batterymetals.com) (OTCQB:ABML) is an American-owned, advanced technology battery recycling and resource production company based 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, 2018. 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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