is on cruise control.
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Kinda quiet here, eh?
Dear Valued Shareholders,
On behalf of the team at American Battery Technology Company (ABTC), I hope that you have had an eventful and prosperous 2021. This has certainly been the case for us over the past twelve months as we now look forward and commence 2022 operations. About a year ago, the global automotive industry started to show a tepid interest in a transition to an electric propulsion based transportation economy, and since then that initial interest has grown to a groundswell of momentum that has resulted in a paradigm shift with virtually all major automotive original equipment manufacturers (OEMs), as well as government agencies and investment institutions, embracing the transition and devoting unprecedented resources towards its implementation.
While this led to immediate announcements of hundreds of new and existing vehicle factories being devoted to the manufacturing of electric vehicles, and of hundreds of new battery cell factories being constructed globally, unfortunately this momentum did not carry over to significantly grow the manufacturing capacity of the upstream battery metals and their refineries needed in order to supply this wave of new demand. As such, we are in a position where the committed demand for these battery metals (lithium, nickel, cobalt, manganese, and copper) from the electric vehicle and battery cell factories already under construction is far greater than the global capacity of all battery metal manufacturing facilities combined. This is further exacerbated by the fact that these vehicle and cell factories can be brought online in as quick as one year from initial groundbreaking, whereas the development of new primary mineral resource projects typically requires greater than five years. These global phenomena are creating an immense imbalance of supply and demand, resulting in extreme pricing and market disruptions, that is projected to exist for decades to come.
Corporate Mission: Who we are
As the lithium-ion battery industry undergoes a generational transformation, over the past few months we as a company have also had the opportunity to reflect on our core strengths and values and redefine our path forward. Especially in an industry that is so often plagued by promotional and aspirational claims and promises, it is important to clearly define our mission and identify our principles. At ABTC, we are a technology development and commercialization company, specializing in the design and evolution of first-of-kind low-cost and low environmental impact technologies within the battery metals and refining industry through the development stages of 1) conceptual design, 2) rigorous analytical modeling and empirical bench validations, 3) integrated demonstration and piloting, and 4) commercialization.
While there are many companies that construct and operate multiple large commercial facilities with mature processing train flowsheets, it is in the design, development, and optimization of innovative and unconventional processes where ABTC focuses. We as a team have the rare combination of skill sets and experiences to balance physics-based first-principles analytical modeling to define the workspace, with physical bench chemistry and fabrication of integrated systems to validate the operations, and economic and lifecycle impact modeling to assess the competitiveness of the technologies within the market.
Over the past two years, we have been able to complete the analytical modeling and empirical validations portion of the design cycle for our lithium-ion battery recycling technologies, and have progressed to the integrated demonstration and piloting stage. We are excited to now be constructing our first pre-commercial integrated facility to be able to operate these systems in a continuous and economically competitive fashion. This facility is designed to produce nearly every component needed to manufacture a new lithium-ion battery cell, and to demonstrate the true closed loop environment enabled by the operations of this recycling facility. Over the past several months, we purchased a greenfield site in Northern Nevada, completed the construction design of the facility, built the underground utilities and poured our concrete foundations, and over the coming months we are scheduled to be completing the physical construction of this facility and then installing, commissioning, and ramping the throughput of the recycling processing train throughout the year.
One step up the staged development pipeline, currently at the analytical modeling and bench scale validations stage, we have also been developing a first-of-kind set of technologies for the economically competitive and low environmental impact manufacturing of battery grade lithium hydroxide from surface sedimentary resources located in Central Nevada. These lithium bearing resources have been deemed unconventional to date, with conventional processing trains not able to extract, purify, and manufacture battery grade products in an economically competitive fashion. However, throughout the past year, the ABTC team and its partners have been developing a first-of-kind set of technologies specifically tailored for this unique resource, and validating these operations at the bench scale. We have been fortunate enough to have recently won a competitive grant from the US Department of Energy (DOE) to support the evolution of these bench scale validated unit operations to the next stage, by constructing and operating a multi-ton per day integrated field demonstration system to continue the developmental ramp up of these technologies. Once these field demonstrations are proven successful, in cooperation with our partners we will proceed to the commercial scale construction of the integrated refinery operations, and to support these efforts we have recently secured over 8,500 acres of these surface sedimentary lithium-bearing land and mining leases in the area.
Even one more step further up the development pipeline, at the conceptual design stage, we have been trialing new processes for the economically competitive and low environmental impact manufacturing of nickel and cobalt products from Nevada-based resources. We are continuing to evaluate the data from these trials through our economic modeling and life cycle impact stage-gate review process, and when a successful set of unit operations is identified we will evolve these technologies to the analytical modeling and empirical bench validations stage.
It is through the implementation of this physics-based stage-gate design and development process that we are able to evolve our conceptual designs through each stage to commercialization, and also to stay true to our principles and stay conscious of who we are and what we value.
Corporate Relationships: How we succeed
While it is critically important for us to understand who we are as an individual company, as the lithium-ion battery industry moves from the conventional linear supply chain to a closed-loop circular model, it is unlikely that any company will successfully persist to represent only a single portion of this supply chain. The relationships amongst the companies in each sector of the supply chain are becoming increasingly important, with complex interactions where many times a company is both the supplier of a feedstock and the customer of a product.
We are proud of the relationships we have been able to build with corporations in neighboring sections of the closed-loop chain, and we prioritize fostering and growing these relationships. This began with our selection as the winner of the battery recycling Circularity Challenge hosted by BASF, Stanley Black & Decker, and facilitated by Greentown Labs, where we were able to demonstrate the advantages of our integrated battery demanufacturing and targeted chemical extraction recycling trains.
Then, through our bench scale development efforts of our first-of-kind selective lithium extraction technologies from Nevada-based sedimentary resources, we were able to build and foster our relationship with the team at DuPont, through which we subsequently were able to apply to and win our commercialization grant from the US DOE.
By working with the US Advanced Battery Consortium, comprised of General Motors, Ford, Stellantis, and the US DOE, we were able to foster a relationship and win a grant for the development and commercial scale demonstration of our integrated battery recycling technologies. Beyond interactions with these four funding parties, we were also able to work with BASF and C4V to co-apply to this opportunity as a single entity, allowing for every sector in the closed-loop circular supply chain (battery metals manufacturer/recycler, chemical refiner, cell manufacturer, and vehicle manufacturer) to be represented in this single commercial demonstration project.
In addition to working with large corporations, we have been evaluating several opportunities for investments into, or acquisitions of, startup companies within various sectors of this closed-loop supply chain. Each of these startups have highly promising synergistic technologies at the R&D stage, and through our first-principles based stage-gate design and development process we can work together to rapidly and efficiently evolve these promising and enabling technologies through to commercialization.
Regardless of the sizes of the companies, there are many synergies and cost reductions that exist by removing the barriers between what are currently siloed sections of this manufacturing supply chain and moving towards an integrated continuous set of operations. Whether they be large mature incumbents or startup new entrants, the companies that ultimately succeed in this space will be those that can effectively foster relationships and integrate each portion of this supply chain to build a unified network.
Corporate Governance: How we ensure all decisions are made in your best interests
As a rapidly growing company, there have been times when our progress outpaced the maturity of our procedures. As such, over the past several months we have instituted many processes to both aid our fast growth and to ensure it is done in a sustainable manner. The establishment of these best practices, including the hiring of our new COO, helps to ensure that every company decision is made in accordance with our principles and reflects who we are.
As announced in August, our founder-stage board members will not be running for re-election, allowing us the opportunity to build a new well-balanced board of directors in alignment with our corporate mission. This is an effort I take very seriously, and over the past four months we have been able to interview more than 30 prospective candidates for these board seats. The majority of these candidates are current or former executives or board members at the automotive OEMs, at global chemical companies, at institutional investment and/or ESG-based firms, are former members of federal or state governments, or are industry experts in key fields of research. While I have always felt our company mission and position in the industry are compelling, it is still inspiring that after hearing our technology roadmap and business plans effectively every one of these candidates has accepted our offer to be considered for a seat.
The nominations of our board members are too important to be decided by a single individual, so we have hired a third-party board services firm to perform a vetting process, including conflicts of interest and background checks, on each of the downselected candidates. Once these final candidates are vetted and nominated, the full dossiers prepared for each nominated board member will be sent to all shareholders as part of the announcement of our annual shareholders meeting, at which each nominated candidate will be voted upon by the shareholders.
We have hired a separate third-party firm to host and manage the voting for the annual shareholder meeting, and the date of this meeting will be announced once the board candidate vetting processes are complete. While this is a time-consuming process, the establishment of our new board of directors is a critical factor in driving company success and ensuring proper corporate governance.
It has been just over four months since I was appointed the CEO of ABTC, and I still wake up each morning humbled by the confidence you have placed in me, awestruck by the opportunity at our fingertips, and steadfast to help drive this company to its goals.
Thank you for your support as we continue our evolution together, and a prosperous 2022 to us all,
Ryan Melsert
CEO / CTO / Director
American Battery Technology Company
What tweet? What po0lice request? I haven't been paying attention
HPIL Holding (Stock Symbol: HPIL)
@HPILHolding1
AS PER THE POLICE REQUESTS I HAVE REMOVED THE TWEET AND I AM NOT TO ENGAGE. I AM STILL VERY COMMITED TO THE COMPANY, REGARDS
Caveat emptor is a roadblock right now. No idea why the company hasn't addressed that.
Had some at .0055. Sold it all a couple days ago.
Will watch to see if it drops back to .005s.
Vanguard? Really? That's not what Nasdaq says
https://www.nasdaq.com/market-activity/stocks/alpp/institutional-holdings
Cole sold some shares recently. And, yes, it's a very small portion of his total holdings.
https://www.secform4.com/insider-trading/1576873.htm
Markets are closed tomorrow as Christmas is on Saturday. Only bond markets are supposed to be open til 2 PM.
American Battery Technology Company
@abt_company
American Battery Technology Company expands lithium resource exploration staking additional 2,440 acres of claims, bringing total lode claims under control in Little Smokey Valley near Tonopah NV to 8,540 acres. https://finance.yahoo.com/news/american-battery-technology-company-expands-132600661.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
via @Yahoo
Figured it had to be something like that.
That was the totality of the tweet. What is their fiscal Q4?
Megola
@megolacorp
·
58s
Happy Holidays from Megola Inc.
Thanks to all Shareholders
Acquisitions coming in Q4...
Hey jj... still hanging around and waiting.
HPIL has new attorneys. What was wrong with the old ones?
CoinDesk
@CoinDesk
CleanSpark’s total revenue rose 400% in its 2021 fiscal year, but the sustainable bitcoin mining and energy technology company also recorded a net loss of $21.8 million, or $0.75 per share.
TD Ameritrade Network
@TDANetwork
A solar energy business turned #bitcoin miner ??
With @CleanSpark_Inc shifting its focus to $BTC, CEO Zach Bradford details how $CLSK is different than other miners:
https://twitter.com/TDANetwork/status/1471151587552808967
Numbers aren't terrible. Quite an increase in revenue and decrease in loss. Unfortunately, it doesn't look like they met analyst estimates.
https://www.globenewswire.com/news-release/2021/12/14/2352152/0/en/CleanSpark-Reports-Fourth-Quarter-and-Fiscal-Year-2021-Financial-Results.html
https://www.marketwatch.com/investing/stock/clsk/analystestimates
hashrate is just the speed at which a computer can mine crypto.
I need to go look at numbers. Looks like the Q fell short based upon after hours action.
Here's the share structure as of 12/10.
https://www.otcmarkets.com/stock/CLSK/security
Earnings at 5:00 PM according to ToW
Unfortunately, because they morphed into BTC mining, then their fortunes rise and fall with the coin. But I think anywhere around $10 is a buy zone and that's jmho and not meant to be investment advice.
Just what they have posted on Twitter
https://twitter.com/abt_company/status/1468355103526731784/photo/1
Because of its OS, it has a current market cap of almost 700M. This without a plant built and operating yet. I tend to think that's the roadblock.
It's been a good swing trade.
American Battery Technology Company
@abt_company
American Battery Technology Company Receives Permit Approval for Exploration Drilling on Lithium-Bearing Claims
https://finance.yahoo.com/news/american-battery-technology-company-receives-132400942.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
Fails-to-Deliver Data
February 2004 - November 2021
https://www.sec.gov/data/foiadocsfailsdatahtm
morning AND afternoon... these guys tweet too much. jmho
Nice chart. lol
Lucid Group, Inc. Announces Proposed Convertible Senior Notes Offering
December 08 2021 - 04:48PM
NEWARK, Calif., Dec. 8, 2021 /PRNewswire/ -- Lucid Group, Inc. ("Lucid")(Nasdaq: LCID) today announced its intention to offer, subject to market and other conditions, $1,750,000,000 aggregate principal amount of convertible senior notes due 2026 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Lucid also expects to grant the initial purchasers of the notes an option, for settlement within a period of 13 days from, and including, the date the notes are first issued, to purchase up to an additional $262,500,000 principal amount of notes.
The notes will be senior, unsecured obligations of Lucid, will accrue interest payable semi-annually in arrears, and will mature on December 15, 2026, unless earlier repurchased, redeemed, or converted. Noteholders will only have the right to convert their notes in certain circumstances and during specified periods. Lucid will settle conversions of notes by paying or delivering, as applicable, cash, shares of its Class A common stock (the "common stock") or a combination of cash and shares of its common stock, at Lucid's election. The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Lucid's option at any time, and from time to time, on or after December 20, 2024 and on or before the 31st scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Lucid's common stock exceeds 130% of the conversion price for a specified period of time and certain liquidity conditions are satisfied. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. The interest rate, initial conversion rate and other terms of the notes will be determined at the pricing of the offering.
Lucid intends to allocate an amount equal to the net proceeds from the notes to finance or refinance, in whole or in part, one or more new or existing "Eligible Green Investments," including the development, manufacture, or distribution of products, key components, and machinery related to electric vehicles or energy storage systems, as well as investments and expenditures related to renewable energy, energy efficiency, and sustainable water and waste management. Pending such allocation, Lucid intends to use the net proceeds of the offering for business expansion and general corporate purposes, which may include investing in our manufacturing capabilities, expanding and improving operations such as our retail and service network, investing in research and development, and supporting other potential growth opportunities.
The offer and sale of the notes and any shares of common stock issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any shares of common stock issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful.
About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by creating the most captivating electric vehicles, centered around the human experience. The company's first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. Underpinned by race-proven technology, Lucid Air offers up to 520 miles of range and 1,111 horsepower, and was named the 2022 MotorTrend Car of the Year. Customer deliveries of Lucid Air, which is produced at Lucid's new factory in Casa Grande, Arizona, are underway.
Forward-Looking Statements
This press release includes forward-looking statements, including statements regarding the anticipated terms of the notes being offered, the completion, timing and size of the proposed offering and the intended use of the net proceeds from the offering. Forward-looking statements represent Lucid's current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the trading price and volatility of Lucid's common stock and risks relating to Lucid's business, including those described in periodic reports that Lucid files from time to time with the SEC. Lucid may not consummate the proposed offering described in this press release and, if the proposed offering is consummated, cannot provide any assurances regarding the final terms of the offering or the notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and Lucid does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.
Media Contact
media@lucidmotors.com
Cision View original content:https://www.prnewswire.com/news-releases/lucid-group-inc-announces-proposed-convertible-senior-notes-offering-301440704.html
SOURCE Lucid Motors
Copyright 2021 PR Newswire
Took long enough. Saw an article a couple months ago that called it a slow motion train wreck.
S-1 filing has warrant info:
https://ir.jaspertherapeutics.com/node/6601/html
Get Santa tournament announced for all you mobile gamers.
https://www.facebook.com/Get-Santa-102291132311550/
https://twitter.com/HPILHolding1/status/1468715030371729411
Ha... I dunno. It trades like there's over 1 billion shares OS. :)
A falling knife would be more pleasant to catch at this point.
Form 4 12/6/21 David Batstone, Director of ABML, sold 100,000 shares. Still has over 1.5M
Form 4 12/1/21 David Batstone, Director of ABML, sold 150,000 shares
thanks
how does the game generate revenue? pay to download or ads?
I don't do mobile games. Heck, I don't do mobile anything except phone calls.
I don't know why the run from $10 to $60 back in May/June isn't considered the squeeze.
This isn't GME after all.
Lucid Group is down 15% after disclosing SEC subpoena