American Battery Metals Corporation (OTCQB:ABML) (the "Company"), which is in the process of changing its name to American Battery Technology Company (ABTC), today announced the close of a $1,250,000 equity investment from Just Business, a San Francisco based impact investment firm
Led by partners, David Batstone, Mark Wexler and William Riggs, Just Business is committed to building profitable companies that positively impact the world. The firm is focusing its' most recent fund, the People | Planet Fund, on technology platforms that will support that clean energy transition and provide the building blocks to power the future of society, from electric vehicles and grid storage applications to consumer electronics and power tools.
"We are excited to invest in a company that supports ethical and environmentally sustainable sourcing of critical materials for everything from our cars to our electronics," said Wexler. "American Battery's focus on recycling, extraction, and exploration uses the best technology available and we look forward to working with them as they scale their vision of a circular economy that connects people, planet and profit."
American Battery Technology Companyis 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 October 2020 outlining achievements of the past year. The Company is focused on its lithium-ion battery recycling, its proprietary extraction technology, and resource production projects in Nevada, to become a substantial domestic supplier of battery metals to the rapidly growing electric vehicle and battery storage markets.
For more information, please visit: www.americanbatterytechnology.com
American Battery Metals Corporation (www.batterymetals.com) (OTCQB:ABML) is an American-owned lithium-ion battery recycling technology and advanced extraction company with extensive mineral resources 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.
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, 2019. The Company assumes no obligation to update any of the information contained or referenced in this press release.
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