INCLINE VILLAGE, NV / ACCESSWIRE / June 26, 2020 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), an American-owned advanced extraction and battery recycling technology company with valuable mineral resources in Nevada, today commented on the current state of the global supply chains of critical metals that fuel lithium-ion batteries.
Simon Moores, Managing Director of Benchmark Minerals, the leading battery metals Price Reporting Agency, was invited for the third time to testify in front of the United States Senate Energy and Natural Resources Committee to discuss the battery metals supply chains. Speaking to the committee on June 24, Moores, stated, "Building supply chains for a lithium-ion economy is critical, but progress in the U.S. has been far too slow."
Moores, continued, "Those who invest in battery capacity and supply chains today are likely to dominate this industry for generations to come. "It is not too late for the U.S., but action is needed now."
"Simon highlights an important point," said American Battery Metals Corporation Chief Executive Officer, Doug Cole. "In spite of the recent global economic slowdown, projections for electric vehicles and other sectors that utilize lithium-ion batteries have not tempered a bit. Consequently, we must aggressively develop domestic North American supply chains, everything from responsible mining to recycling."
Savvy investors sense that American Battery Metals Corporation is uniquely positioned to play a significant role in the near and long development of domestic U.S. supply chains for lithium, cobalt, nickel, and other key battery metals through its vertically integrated business units. "Our lithium-ion battery recycling plant is nearly read to launch, so American Battery Metals Corporation will soon be recycling lithium-ion batteries in Nevada and redeploying the battery grade materials immediately back into the supply chain," said Cole. "Additionally, our extraction technology will help us and our strategic partners to pinpoint the best processes and methods for extracting lithium and other metals from the various host materials, including brine and clay."
Cole, added, "Nevada is now on everyone's radar as an appreciable and necessary source for lithium. We fully intend to round out our impact approach by developing our existing, and future, resource claims."
American Battery Metals Corporartion Head of Business Development and Government Affairs, Doug Nickle, said, "We haven't slowed down a bit. Our fundamental planning is sound, and we are creating our own momentum through diligent work and strategic execution. We are committed to a universally sustainable approach across our verticals, and we're grateful for the energy and enthusiasm of the various local, state of Nevada, and federal agencies and individuals that have been so supportive of our endeavors."
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 valuable 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