INCLINE VILLAGE, NV / ACCESSWIRE / February 13, 2020 / American Battery Metals Corporation (OTCQB:ABML) (the 'Company'), an American-owned advanced technology battery recycling and resource production company based in Nevada, today discussed battery recycling and the Company's proprietary recycling technology as a necessary, and profitable, vertical market.
Investors in the battery metals markets understand the burgeoning need for secure supplies of lithium, cobalt, nickel, manganese, vanadium and graphite to fuel the growth of the electric vehicle and energy storage sectors. These input commodities are crucial to the skyrocketing global demand for renewable batteries.
In 2019, concerns about the stability of the battery metals supply chains were partially responsible for reluctant investment. Experts pointed out that exploration and mining alone will not provide enough near-term supply of crucial resources. Mining and development projects take time to bring resources online, and battery manufacturers need the crucial metals now. The economic and national security implications are so acute, the U.S. government is actively seeking innovative solutions from the market to help break America's reliance on foreign sources of critical minerals.
'We intend to work the challenge from both ends, providing a set of closed loop solutions for the supply chain,' stated, American Battery Metals Corporation, Chief Executive Officer Doug Cole. 'We are focused on our advanced lithium-ion battery recycling process which will take in feedstock in the form of scrap, consumer electronics, and end of life electric vehicle batteries. We'll harvest and redeploy all the critical metals from those batteries, and we'll simultaneously continue to develop our resource production and extraction divisions.'
American Battery Metals Corporation, Head of Business Development Doug Nickle, framed the new vertical as a 'logical market integration.' Nickle stated, 'Battery recycling is essentially mining from a known commodity. The scrap materials and batteries already contain the required lithium, cobalt, nickel, etc… Recycled materials can go right back into the supply chain, lowering acquisition costs while also making the process more environmentally friendly.'
According to Market Watch, 'the global Lithium-ion Battery Recycling market size is expected to reach $10.55 billion U.S. by the end of 2025, with a CAGR of 39.8% during 2019-2025.'
American Battery Metals Corporation
American Battery Metals Corporation (www.batterymetals.com) (OTCQB:ABML) is an American-owned, advanced technology battery recycling and resource production company based 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, 2018. 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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