Legislation Includes Heavy Emphasis on EVs and Green Industry Investments
RENO, NV / ACCESSWIRE / August 12, 2021 / American Battery Metals Corporation (OTCQB:ABML) (the "Company" or "ABTC"), an American-owned lithium-ion battery recycling technology and advanced battery metal extraction company with extensive mineral resources in Nevada, which is in the process of changing its name to American Battery Technology Company (ABTC), applauds the U.S. Senate for passing the bipartisan Infrastructure Investment and Jobs Act which includes a heavy emphasis on electric vehicle and green energy industry investments.
"This legislation directly supports federal investments in battery recycling technologies to help build out the domestic supply chain of these critical materials," said American Battery Technology CEO Doug Cole. "Should the legislation pass the House of Representatives, we are poised and ready to support our energy transition to vehicle electrification."
Additionally, on August 5, President Biden signed an Executive Order which calls for 50% of new vehicles sold by 2030 to be zero emissions vehicles, such as EVs. This initiative would dramatically increase the sales of electric vehicles, a mode of transportation that is already rising in popularity. The administration's latest push would continue to increase the demand for the lithium-ion batteries that power them. This again emphasizes the critical need for additional infrastructure to create and support a secure and environmentally friendly U.S. battery supply chain to lessen our dependence on foreign suppliers.
"These historic infrastructure investments and policy objectives should provide a crucial boost to the production of critical minerals used to create the batteries needed for the electric vehicles, providing long overdue support to the country's lithium-ion battery recycling industry," said American Battery Technology Head of Policy Doug Hamilton.
Recycling is a key factor in strengthening and securing the U.S. critical mineral supply chain in the face of stiff and entrenched competition from countries such as China. Recapturing battery metals from the spent batteries of EVs and consumer electronics creates a circular economy. This platform is significantly more efficient and sustainable, as this process can reduce primary demand for these materials and keep these batteries out of landfills. ABTC's closed-loop hydro-based battery recycling platform is a leading example of how the industry can move forward, with the right support, to meet the country's needs in a sustainable and innovative manner. The U.S. needs to be proactive in its approach to and support of battery recycling. The Senate's passage of the bipartisan infrastructure bill and President Biden's new Executive Order mark two significant steps forward in that direction.
About American Battery Metals Corporation
American Battery Technology Company is uniquely positioned to supply battery metals through its three divisions: lithium-ion battery recycling, battery metal extraction technologies, and primary resources development. The Company issued a public statement outlining its principled approach to executing its ambitious business plan.
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, and 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 development timelines and economics for ABTC recycling projects including the development of its initial or subsequent recycling facilities or any lithium-ion mining projects, and the potential results of such efforts, and the effects on timing of such projects, 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 June 30, 2020. 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 Corp.