Expects Lithium-Ion Recycling Facility to be Fully Operational in Second Half 2020
INCLINE VILLAGE, NV / ACCESSWIRE / January 7, 2020 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), a premier High Technology Lithium-ion Battery Recycling, Extraction, and Resource production company based in Nevada, today announced plans for the immediate launch of its battery recycling plant in Nevada, USA.
"Our scalable commercial lithium-ion battery recycling facility will be fully operational in the second half of 2020. We will have a throughput of approximately 20,000 tons of feedstock per year," stated American Battery Metals Corporation Chief Executive Officer, Doug Cole. He continued, "To put that into context, currently, less than 3% of lithium ion batteries- or approximately 90,000 tons (2018)- are recycled globally. Our facility and process will make American Battery Metals Corporation one of the largest lithium-ion battery recyclers in the world. We will harvest and then redeploy strategic metals like lithium, cobalt, and nickel back into the supply chain at a considerable cost advantage."
American Battery Metal Corporation's battery recycling project is managed by Chief Technical Officer Ryan Melsert, who has been working closely with global chemical giant BASF since the Company received the Greentown Labs/BASF Circularity Challenge award for battery recycling. "The implementation of this lithium-ion battery recycling system is a rare opportunity to simultaneously address three global challenges; the avoidance of dramatic quantities of hazardous waste from entering our landfills, the reintroduction of domestically sourced low-cost critical elements back into the battery manufacturing supply chain, and the ability to produce these battery grade minerals with a substantially lower environmental footprint than from virgin feedstocks," Melsert said. "This ABMC recycling process is designed to recycle not only end-of-life battery packs, but also material waste from every step of the manufacturing process. Instead of attempting to fit these battery materials into existing metal recycling facilities, we've developed a first of-kind processing process designed specifically for these battery materials and for the production of battery grade feedstocks."
"The need for U.S.-domestic sources of critical battery metals is a matter of national security," said American Battery Metals Corporation Head of Business Development and Government Affairs, Doug Nickle. "Our battery recycling vertical is a perfect complement to our extraction and mining divisions; we'll ethically source virgin materials from our sustainable mining projects simultaneously to our recycling of each of the metals already contained in scrap and end of life batteries."
Through its extraction, mining, and battery recycling divisions, American Battery Metals Corporation will bring a truly closed-loop set of solutions for multiple battery metal supply chains through environmentally-friendly processes that also create a significant profit center for the company and its shareholders.
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
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, 2018. The Company assumes no obligation to update any of the information contained or referenced in this press release.
Contact Information
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SOURCE: American Battery Metals Corporation