American Battery Metal Corporation (OTCMKTS: ABML) gained 2.3% after announcing the acquisition and recording of two more water rights of around 21.635 acre-feet.
ABTC acquires water rights for its Fernley plant
Scott Jolcover, the company’s chief resources officer, said that the completion of the asset acquisition offers certainty regarding the water the company needs for operations of its planned 20,000 metric ton per year lithium-ion battery pilot plant. Located within the City of Fernley Water Services area on Basin 76, the additional water rights for the pilot plant in Fernley, Nevada, will bring the total water rights the company has acquired so far to 116.635 acre-feet.
The company announced recently the groundbreaking of its lithium-ion battery recycling plant in Fernley, Nevada. Doug Cole, the company’s CEO, said that the company and its partners are addressing the issue of disposing of lithium-ion batteries by creating a recycling plant in Nevada. He said that they want to show the world and the market that the company can help in securing a clean, sustainable energy future.
ABTC uses a closed-loop recycling system
ABTC is a company based in Northern Nevada that recycles lithium-ion batteries using its clean technology platform to yield primary battery ingredients, including lithium, manganese, cobalt, and nickel. Currently, there are few lithium-ion battery recycling plants worldwide, and most rely on brute-force recycling processes harmful to the environment. ABTC uses a “closed loop” recycling system which means that the recycling process is self-contained, with no material, liquid, or air wastes released.
Cole said that focusing on people and the environment will enable the company to help Northern Nevada and the rest of the country make the transition to vibrant, clean energy. ABTC is well-positioned to meet the demand for battery metals with a clean technological platform.