American Battery Metals Corporation (OTCMKTS:ABML) has been in the news this week and this morning there is another development. The Department of Energy had requested information on “Risks in the High-Capacity Batteries, including Electric Vehicles Batteries Supply Chain” and today, the company responded to the request.
As of 10:30, ABML is trading down 6.6% to 1.24 off .08 on the day. Volume is just over a million shares. Potential pivot points below are 1.15 and 1.02.
From the press release:- ” The Company outlined risks inherent in the current battery critical materials supply chain; identified recycling of lithium batteries using next-generation extraction technologies as the fastest, most economical and environmentally-friendly way to increase domestic sources of critical battery materials; and proposed policy solutions to scale a circular economy for battery metals in ways that work for local communities, environment, and companies alike. The Company is pleased to share below portions of its DoE RFI response. The full RFI response can be found here.”
In the response, American Batter Metals Corporation provided information on the risks associated with the critical materials supply chain at this point and also provided possible ways in which a circular economy could be scaled.
Earlier this week, the company stated that it hired the services of the Ashcroft Firm. The American Batter Metals Corporation hired the Ashcroft Firm after having categorically denied allegations made by short-sellers.
American Battery Metals Corporation (OTCMKTS:ABML) ABML is off 75% from its January high of 4.90. Will the slide continue? At this point, there doesn’t seem to be anything slowing it down.