Company Will Receive Grant Funding to Work Closely with Greentown Labs and BASF
INCLINE VILLAGE, NV / ACCESSWIRE / October 29, 2019 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), a premier battery metals exploration and development and battery recycling company based in Nevada, today announced that it was selected to the 2019 Greentown Labs/BASF Circularity Challenge accelerator program for battery recycling.
The Greentown Labs Circularity Challenge is a six-month accelerator program for start-ups developed in partnership with BASF, one of the world's leading chemical companies. The program intends to advance innovative ideas to disrupt the plastics, energy storage and recycling value chains to enable a circular economy. The program is supported by Stanley Black & Decker, a leading global diversified industrial company and member of BASF's value chain that shares the vision for a more sustainable future.
Nearly 100 startups from more than 20 countries applied to the Circularity Challenge. After a highly-competitive recruitment and deliberation process, five companies were selected to participate in the accelerator program.
American Battery Metals Corporation's Chief Technical Officer, Ryan Melsert, presented the Company's recycling technology at the week-long challenge in Boston, MA.
Melsert stated, "It was an honor to present and to have American Battery Metal's process chosen from a pool of so many qualified and innovative global companies. When scaled, our environmentally-sustainable technology will have low operating costs while generating high revenues as compared to conventional processes."
"We know the circular economy will make an enormous impact not only on the environment but also on value chains, economic growth and the deployment of new innovations," said Emily Reichert, CEO of Greentown Labs.
As winners of the Circularity Challenge, American Battery Metals Corporation will receive grant funding and space at the Greentown Labs Global Center for Cleantech Innovation in Boston, MA, while working in close conjunction with Greentown Labs and BASF. American Battery Metals may also engage in a partnership opportunity or receive investment from BASF by the end of the program.
American Battery Metals Corporation
American Battery Metals Corporation (www.batterymetals.com) (OTCQB:ABML) is a premier battery metal exploration and development company based in Nevada. The company is focused on its Railroad Valley battery metal project in Nevada with the goal of becoming a substantial domestic supplier of battery metals to the increasing electric vehicles and battery storage markets in America.
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 Corp.
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