INCLINE VILLAGE, NV / ACCESSWIRE / June 22, 2020 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), an American-owned advanced extraction and battery recycling technology company with extensive mineral resources in Nevada, today announced that its Head of Business Development and Government Affairs, Doug Nickle, was recently interviewed by Proactive Investors, a UK-based online investor services company that provides analytics, market reports, and company and industry profiles. The interview focused on the global challenge of less than 5% of lithium-ion batteries being currently recycled, equating to just 90,000 metric tons and the Company's development plans for its lithium-ion battery metals recycling plant, which remains on track to commence commercial operations in the fourth quarter 2020.
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Doug Nickle tells Proactive Investors that the Nevada-based advanced technology battery recycling and resource production company is on track with its lithium-ion battery metals recycling plant to commence commercial operations in the fourth quarter 2020. The facility is designed to handle 20,000 metric tons of scrap materials and end-of-life batteries. With a global forecast of 11 million metric tons of end-of-life lithium-ion batteries expected by 2030, the Company is well-positioned to address an unmet and increasing need with its ultimate sustainable closed loop for clean energy transition and zero waste. It is becoming more and more important and could be mandated that domestic U.S. based OEMs use U.S. domestically sourced materials for manufacturing of electrical vehicle batteries. This is especially important for materials like cobalt, which is currently predominantly mined in the Congo, where ethical standards are not up to global standards and nor are they environmentally sustainable. The Company is pleased to be partnering with local, county, state and federal agencies in Nevada and the federal government, who are all enthusiastic and extremely helpful in this process. The current economic crisis has affected various global supply chains, but the Company is prepared and still on track for commercial operations to commence in the fourth quarter 2020 with its mechanical and chemical processing loops running by the second quarter of 2021.
American Battery Metals Corporation
American Battery Metals Corporation (www.batterymetals.com) (OTCQB:ABML) is an American-owned, advanced extraction and battery recycling technology 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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