American Battery Metals Corporation will present at the Greentown Labs/BASF Circularity Challenge Final Showcase event on February 6th in Massachusetts.
American Battery Metals Corporation (OTCQB:ABML) (the “Company”), an American-owned advanced technology battery recycling and resource production company based in Nevada, will present at the Greentown Labs/BASF Circularity Challenge Final Showcase event on February 6th in Somerville, Massachusetts.
The Greentown Labs Circularity Challenge is a six-month accelerator program for startups, developed in partnership with BASF, one of the world’s leading chemical companies. The program, also supported by Stanley Black and Decker, intends to advance innovative ideas to disrupt the plastics, energy storage, and recycling value chains to enable a circular economy.
American Battery Metals Corporation was awarded the Circularity Challenge prize for its lithium-ion battery recycling technology. American Battery Metals Corporation Chief Technology Officer Ryan Melsert and Senior Chemist Axel Drefahl have been working closely with BASF global personnel at Greentown’s laboratory facilities in Somerville, MA, as the company accelerates the launch of its scalable lithium-ion battery recycling facility. Commercial operations are scheduled to commence mid-2020.
Melsert commented, “We consider ourselves incredibly fortunate to be working with Greentown Labs and BASF during this Circularity Challenge accelerator program, and we look forward to continuing our collaboration moving forward. We are continuously impressed with the caliber of personnel and level of dedication that BASF and the Greentown Labs community have devoted to this program, and we consider ourselves fortunate to be able to continue to build on this productive relationship even after the formal incubator program has ended.”
American Battery Metals Corporation Chief Executive Officer Doug Cole, stated, “We are grateful to Greentown Labs, BASF, Stanley Black and Decker, and our fellow Circularity Challenge winners. Working with such esteemed and respected innovators bodes well for all global efforts as we strive to create a more circular economy.”
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.