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Dead money until a DA.
Great post to start the day, GeorgioD!
New CFO announced this morning, things are happening.
American Battery Metals Corporation Hires David Corsaut as Chief Financial Officer
Press Release | 10/22/2020
INCLINE VILLAGE, NV / ACCESSWIRE / October 22, 2020 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), an American-owned lithium-ion battery recycling technology and advanced extraction company with extensive mineral resources in Nevada, which is in the process of changing its name to American Battery Technology Company, today announced the appointment of David Corsaut as Chief Financial Officer. The Company is an American-owned lithium-ion battery recycling technology and extraction company with mineral resources in Nevada.
Corsaut is a veteran leader of companies in the technology, manufacturing, logistics, finance and real estate sectors. He was instrumental in providing the capital formation for the companies he managed. Most recently Corsaut led Coolfire Solutions as Chief Operating Officer.
He has managed firms in Europe, Latin America, Asia and North America. As a professional consultant, Corsaut's clients have included General Electric, Wells Fargo, Ernst & Young, Private Equity and Venture Capital firms, Siemens A.G. and Morgan Stanley.
"David's international corporate leadership capacity will help execute our company's ambitious goals." said CEO Doug Cole. "We are growing rapidly and David's expertise and professionalism will be instrumental as we scale and integrate our resource, extraction and recycling operations."
"ABTC is a dynamic, fast-moving company, and is uniquely positioned to make a sustained impact in the new energy revolution," said Corsaut. "I'm pleased to join this evolving green technology company at such a foundational growth stage."
American Battery Technology Company is 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 outlining achievements of the past year.
ABTC has built a clean technology platform that increases production of primary metals used in the batteries that power electric cars, grid storage applications, 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
Nice article Soaringeagle, thanks.
No more convertible debt, clean balance sheet.
I think Batstone was pumping Batstone. I heard about Human trafficking, saving the Amazon, Cleaning up Africa, his non profits.
Very generic overview of ABTC. The submitted questions were the only thing that focused him on specific process unique to the company. Who ever submitted those, thanks.
I was not impressed.
FNGR moving nicely today.
Why are they unnerving? This is an evolving enterprise and they are changing their communication plan to adapt.
Everyone needs to relax. The DA will be ready when it's ready. We are 14 days into the fourth quarter. Some of you just like to drive hysteria and drama.
"To follow" implies immediately after, but doesn't specifically say when. would be nice if any announcements follow his presentation.
David Batstone appointed to the BOD.
American Battery Metals Company appoints David Batstone to its Board of Directors
Press Release | 10/14/2020
INCLINE VILLAGE, NV / ACCESSWIRE / October 14, 2020 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), an American-owned lithium-ion battery recycling technology and advanced extraction company with extensive mineral resources in Nevada, which is in the process of changing its name to American Battery Technology Company (ABTC), today announced that David Batstone has been appointed to the Company's Board of Directors.
Batstone currently oversees ABTC's impact investing strategy that aims to power the clean energy economy. David is the co-founder and president of the Not For Sale and co-founder and Managing Partner of Just Business that are behind the success of Relocity, Rebbl and other companies that leverage business success to address human trafficking, climate change, and greater access to economic opportunity for all. He is a former investment banker in the technology industry and holds an appointment as Professor of entrepreneurship and innovation at the University of San Francisco School of Management.
"David has already contributed to ABTC by leading its impact investment strategy," said CEO Doug Cole. "His entrepreneurial approach of ‘doing well by doing good' aligns with ABTC's commitment to renewable energy and environmental stewardship."
"ABTC is at the forefront of the new energy revolution," said Batstone. "I'm thrilled to be a part of this leading-edge company as we provide creative circular solutions for the battery metals supply chains while solving the pressing issue of battery e-waste. Our efforts will help pave the way to a cleaner, sustainable future."
American Battery Technology Company is 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.
ABTC has built a clean technology platform that increases production of primary metals used in the batteries that power electric cars, grid storage applications, 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
American Battery Metals Corporation
New shareholder letter out.
Press Release | 10/13/2020
INCLINE VILLAGE, NV / ACCESSWIRE / October 13, 2020 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), an American-owned lithium-ion battery recycling technology and advanced extraction company with extensive mineral resources in Nevada, is pleased to provide the following Shareholder Letter.
Dear Valued Shareholders,
I am excited to share with you reflections on American Battery Metals Corporation's 2020 achievements and to preview our plans for the year ahead.
As you know, American Battery Metals Corporation (soon to be re-named American Battery Technology Company "ABTC") is a startup company in the lithium-ion battery industry. We have built a clean technology platform that increases production of primary metals used in the batteries that power electric cars, grid storage applications, consumer electronics and tools.
Our green platform creates a circular economy for battery metals that champions ethical and environmentally sustainable sourcing of critical materials.
ABTC has built its capacity to produce these metals through three approaches: 1) recycling of lithium-ion batteries to recover battery metals, 2) extraction from primary resources, and 3) exploration of new primary resources. Together the three approaches comprise a unique technology platform that ensures battery metals are sourced and re-used in an environmentally friendly closed-loop fashion. ABTC's multi-pronged approach builds the foundation for a circular economy of battery metals that supports a global shift away from fossil fuel energy sources.
To better reflect the multi-pronged approach we have built out in 2020, American Battery Metals Corporation is excited to transition our corporate name to American Battery Technology Company. The new name demonstrates our commitment to creating an environmentally sustainable technology platform that can be deployed in multiple ways (exploration, extraction, recycling) to meet U.S. and global demand for battery metals.
Throughout 2020, our primary objective has been to escalate commercial application of our first-of-kind lithium-ion battery recycling and extraction capacities. Progress on the following focus areas has enabled us to do so:
Developing a physical pilot factory
Expanding the team
Positioning technology platform for commercial deployment
Building strategic partnerships
Developing a physical factory: ABTC took control of twelve and a half acres of industrial land for a pilot factory in Fernley, Nevada in August 2020. Purpose of the pilot factory is to demonstrate commercialized deployment of ABTC's closed-loop technology platform that extracts and recycles lithium-ion battery materials. We are currently navigating the various permitting processes for the pilot factory and plan to launch commercial operations in the coming year. (Please see the video of our groundbreaking here).
This first phase of the factory will consist of approximately 30,000 sq. ft. of industrial processing space, as well as laboratory and office space. Once this first portion is operational, the Company estimates that this battery recycling facility will be operating in a financially self-sufficient manner as it sells scrap metal and high value metal filter cake products.
Our Fernley facility will be designed to annually manage 20,000 metric tons of scrap materials and end-of-life batteries. To put this in context, currently only 90,000 metric tons of battery materials were recycled globally in 2019. This plant will continue to manage 20,000 metric tons per year for the foreseeable future.
When our recycling plant is operational, ABTC anticipates seeking an uplisting to a national exchange at an optimal time that is best for meeting company objectives and increased shareholder value.
Expanding the team: ABTC has on-boarded key personnel in the areas of construction management, finance, and chemical engineering to accelerate commercial deployment of our battery material extraction and recycling platform. Our leadership team has expanded with the promotion of Ryan Melsert to Chief Technology Officer and company Director and hiring of Menka Sethi as Chief Operating Officer. We will announce additional Officer hires and Directors in the coming months to round out the leadership team that will scale ABTC to a global leader in lithium-ion battery material production.
Positioning technology platform for commercial deployment: Below are summaries of how ABTC has advanced exploration, extraction, and recycling technologies for commercial deployment upon opening of the Fernley pilot factory.
Recycling: ABTC has developed a universal lithium-ion battery recycling system that is able to recycle a wide range of battery forms (packs, modules, cylindrical cells, prismatic cells, pouch cells, defect and intermediate waste cells, metal scraps, slurries, and powders) and cathode chemistries (lithiated cobalt oxide, lithiated nickel-cobalt-aluminum oxide, lithiated nickel-cobalt-manganese oxide, lithiated nickel-cobalt-manganese-aluminum oxide, lithiated nickel-oxide, and lithiated manganese-oxide) of various relative weighting of transition metals. The few lithium-ion battery recycling facilities in operation globally generally implement "brute force" methods of processing batteries. They perform bulk high temperature calcinations or bulk acid dissolutions. These upfront processes can be simpler to implement, however they make it difficult to enable high material recovery efficiencies of high value metal products downstream.
ABTC has developed a strategic recycling process that does not employ high temperature operations or bulk chemical treatments of the full battery. This process is inherently more "green" and reaffirms ABTC's deep commitment to environmental stewardship.
Members of the ABTC team have previously worked in the design, construction, commissioning, and optimization of one of the largest lithium-ion battery manufacturing factories in the world. The team gained first-hand understanding of every stage of lithium-ion battery cell manufacturing, and a fundamental understanding of the mechanisms that can cause battery components, cells, and modules to fail. Our team has developed an automated high speed mechanical separation process, which works to exploit the weaknesses in battery design to essentially "de-manufacture" the modules and cells in a rapid and automated fashion in order to dissect and separate the constituent components. This system is able to feed battery materials, without bulk discharging operations, and separate module materials, cell casings, electrode foils, low density materials, material powders, and wastewater in a matter of minutes without any direct hands-on operator interactions.
After the battery feedstock material is separated and sorted, what remains is a stream that contains rinse water, organic carbonates, dissolved fluorine and phosphorous species, dissolved metals, and is of very high pH due to the leaching of loosely held lithium from the electrodes. While many current facilities lightly treat this water stream in order to meet discharge requirements, the ABTC team has instead developed a 6-part system that is able to treat this water in a targeted fashion, extract contaminants in non-hazardous forms, and purify the water to a higher quality than even the onsite well water. This treated water is then re-used back in the separations process in a closed loop fashion. The avoidance of the discharge of this water, and of the purchasing of makeup water, results in significant levelized cost savings and a dramatically lowered environmental footprint.
While the scrap metal products are sold directly after being separated from the automated disassembly system, the cathode and anode powders are sent for further processing in an internally developed chemical extraction system. This consists of a series of dilute acid dissolution, impurity removal, selective extraction, and purification systems that are able to individually extract lithium, nickel, cobalt, and manganese elemental metals and upgrade them to the battery cathode grade specifications demanded by high energy density cathode manufacturers.
Through the high speed and automated de-manufacturing of a wide variety of battery feedstock materials, and the low cost and high material recovery efficiency chemical extraction train, ABTC is able to successfully extract battery metals from end of life products and manufacturing waste and return them to the lithium-ion battery manufacturing supply chain in an economically sustainable fashion. As a result of their lower environmental footprint, lower total cost of production, and high stability of supply these recycled battery cathode metal feedstocks are highly valuable and sought after by domestic US high energy density cathode manufacturers.
Extraction: ABTC has been working with several lithium-rich resource owners within the Clayton Valley area of Central Nevada, to analyze and characterize sample materials from various locations. Our team has found that the mechanisms by which lithium is held within these deposits is quite unique, and we have been performing bench scale trials on an internally developed first-of-kind selective leaching process for the low-cost extraction of lithium from these claystone resources. This novel method of enabling a selective leaching of lithium from these claystone sedimentary resources has allowed for significantly lower consumption of acid, lower levels of contaminants in the generated leach liquor, and lower overall costs of production. After reviewing the performance of this novel process, and confirming its uniqueness through discussions with third party industry analysts, ABTC is considering preparing and submitting an initial provisional patent application for this technology.
With the material generated during these selective extraction trials, ABTC has performed bench scale separations, purification, and concentration processes to produce a high purity aqueous lithium hydroxide solution followed by crystallization and filtration processes to produce a battery cathode grade lithium hydroxide powder product. ABTC is currently evaluating the composition and morphology of these product materials relative to the required material specifications from high energy density cathode manufacturers in order to determine the technical and economic feasibility of manufacturing lithium hydroxide monohydrate products through this set of technologies with Clayton Valley claystone sedimentary resources as the feedstock.
Exploration: Our exploration efforts are currently focused on the sampling and characterization of lithium-bearing of brine and claystone sedimentary resources in the Western Nevada Basin (WNB) located in Nye County, Nevada. Through sampling and evaluation of its previous holdings over the past year, the Company has recently down selected from 1,300 claims to the most promising resources and currently holds 647 placer mining claims on over 12,940 acres of land. The Company is performing bench scale characterization and extraction trials to evaluate the technical and economic feasibility of extracting elemental lithium from these resources in order to produce battery grade lithium hydroxide, and other high value lithium products, for sale to the battery metals market.
ABTC has been evaluating the expansion of exploration efforts to nickel, cobalt, and manganese rich resources throughout the US and Canada, however has not yet entered into any formal agreements or contracts.
Building strategic partnerships: In 2020, ABTC worked diligently to lay the foundation for future partnerships to secure feedstock and off-take agreements that monetize our unique battery material technology platform at scale. Notably, ABTC was the sole winner of BASF's Circularity Challenge. This was a global competition where BASF challenged companies throughout the world to develop new innovative technologies for the recycling of large format lithium-ion batteries to establish a circular economy in the battery supply chain industries. BASF is one of the largest purchasers of lithium-ion battery metal feedstocks in the US. Through the relationship established through this Circularity Challenge, ABTC and BASF have been exploring several avenues of working together to accelerate the commercialization of this lithium-ion battery recycling technology.
While the ABTC team has been hard at work operationalizing our innovative multi-pronged battery material production platform, the industry broadly continues to grow as well. Growth in demand for lithium-ion batteries is predicted by industry researchers to grow by over ten-fold over the next ten years, while over the same period there are limited announcements for new production sources of domestic US based battery metals, including lithium, nickel, cobalt, or manganese. We expect increased pressure on the prices of domestically sourced battery metals, and increased reliance on foreign sourced battery metals.
These exciting industry trends support and validate our business model to increase the production of domestic US sourced battery metals. We look forward to continuing to grow our business as an industry leader in the closed loop production of the materials that fuel the new energy revolution.
Thank you for being a part of American Battery Metals Corporation, and now- American Battery Technology Company.
American Battery Metals Corporation
Looks like Batstone's group funded an additional $1.25 Million to ABTC.
https://www.otcmarkets.com/stock/ABML/news/American-Battery-Metals-Company-Announces-125-Million-Equity-Investment-from-Just-Business?id=276774
This is Great to watch lofdog3.
Incredibly good news with the COO hire today. the executive team is stacked with talent. MBA from Columbia, Architecture degree from Carnegie Mellon. Perfect hire to help guide ABCT's infrastructure development into the future.
This one is on the launch pad ready to go! ABML.
Looking forward to exciting happenings. FNGR
Fidelity won't let me buy, otherwise I would've loaded more. How many others are being kept out by Caveat Emptor?
I think they will license the hell out of this technology.
Yes. Hopefully some news on financing as well.
Looking forward to closing PR tomorrow!
Ryan Melsert appointed to ABTC board. https://finance.yahoo.com/news/american-battery-metals-corporation-appoints-123000289.html
So far Mr Market is not impressed.
I think pretty good.
They are supposed to close on the land NLT 15 September 2020.
The Company anticipates it shall be able to complete all due diligence on the property and complete the purchase by September 15, 2020.
I would call it a plan they are executing.
I think skeptcism is healthy in the OTC world. 737 is a long. he likes facts, and is looking out for his money. I don't blame him.
I think this is a great opportunity for Chuck Leber and Ryan Meslert to fine tune a design for their facility.
Clean sheet with no obstacles for constructing exactly what they need.
Let's not forget about all the incentives they will receive for building in the opportunity zone. Ryan and DC have said they would be cash flow positive immediately.
In the PR, they now state Q1 2021 as the goal for a commissioning date of the facility.
Sorry Flyer, Not a fluff PR. It's a substantive step. It's a deal, yes, still has to close, but meaningful and significant progress.
Absolutely Correct, Georgio. This really is a strategic imperative for the nation.
Umm, Jack,
In case you haven't noticed, the tweets have not helped in over a year. Just saying...
It sure would be nice to get site news....seems the team is till in the Doug-out.
There ain't gonna be any dividend.
Yeah....They've helped sooo much. SMH.
I think soon.
I don't think that has anything to do with the current PPS.
Very interesting tjbar!
Baxy knows there's more money in insurance companies than banks. We're gonna be rich.
Revenues will explode with this new deal.