INCLINE VILLAGE, NV / ACCESSWIRE / January 28, 2021 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), an American-owned lithium-ion battery recycling technology and advanced battery metals extraction company with extensive mineral resources in Nevada, which is in the process of changing its name to American Battery Technology Company, has been selected for a $4.5 million grant by the U.S. Department of Energy's Advanced Manufacturing Office.
This funding opportunity is part of the Department of Energy's efforts to reduce American dependence on imported critical materials by both diversifying the sources of materials needed for energy technologies and establishing domestic capabilities to refine materials used in manufacturing. American Battery Technology Company, and its industry partners, are excited to have been selected for this competitive opportunity to address these challenges and to help fuel our nation's energy storage needs while shifting towards a clean energy economy that addresses climate change and grows domestic manufacturing employment.
"We are proud to have been selected for this opportunity along with our industry partners after undergoing a rigorous competitive assessment over the past six months," stated American Battery Technology Company Chief Technology Officer, and project Principal Investigator, Ryan Melsert. He added, "We are excited to move forward with this proposed 3-year project that will evolve our first-of-kind system design from bench scale validations to the construction, commissioning, and operation of a multi-ton per day integrated system that receives lithium-rich claystone material as the feed and manufactures battery cathode specification lithium hydroxide as the product."
American Battery Technology Company CEO Doug Cole stated, "We are grateful to have been selected for this award from the Department of Energy. We are fortunate to work with forward-thinking, collaborative partners - including the United States government - as we seek to create a self-sustaining and closed-loop economy for the domestic production of critical and strategic battery metals that will fuel the clean energy revolution."
Further details on this project, titled "Field Demonstration of Selective Leaching, Targeted Purification, and Electro-Chemical Production of Battery Grade Lithium Hydroxide Precursor from Domestic Claystone Resources," and the funding opportunity are available here.
About American Battery Metals Corporation
American Battery Technology Company is uniquely positioned to supply battery metals through its three divisions: lithium-ion battery recycling, extraction technology, and primary resources. The Company recently announced the groundbreaking of its lithium-ion battery recycling facility in Fernley, NV, and issued a recent shareholder letter outlining achievements of the past year.
American Battery Technology Company has built a clean technology platform that increases production of primary metals used in the batteries that power electric cars, grid storage applications, consumer electronics and tools. The green platform creates a circular economy for battery metals that champions ethical and environmentally sustainable sourcing of critical materials.
For more information, please visit: www.americanbatterytechnology.com
Forward-Looking Statements
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, 2020. The Company assumes no obligation to update any of the information contained or referenced in this press release.
Contact Information
p775-473-4744
[email protected]
SOURCE: American Battery Metals Corporation