American Battery Metals Corp (OTCMKTS:ABML) was the notable gainer in the Wednesday’s trading session after the news.
Market Reaction
On Wednesday, ABML stock went up 6.42% to close at $2.32.Volume was hefty with more than 4.73 million shares traded hands, compared to its average volume of 4.55 million shares. The stock moved in a range of $2.2200 – 2.4500 after opening at $2.23.
Major Trigger:
American Battery Metals Corporation Announces Acquisitions and Recording of Two Additional Water Rights
Key Highlights:
- announced the acquisitions and recording of two additional water rights totaling 21.635 acre feet.
- Located in Basin 76 within the City of Fernley Water Service area, these additional water rights for the ABTC pilot plant in Fernley Nevada bring the total water rights acquired and closed to-date to 116.635 acre feet.
Key Quote:
“The completion of this hard asset acquisition gives certainty that the water needed for operations of our planned 20,000 Metric Ton per year lithium-ion battery recycling pilot plant is ensured,” stated Scott Jolcover, American Battery Technology Company Chief Resources Officer.
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