American Battery Metals Corp (OTCMKTS:ABML) Stock Turns Volatile After The Recent Rally

American Battery Metals Corp (OTCMKTS:ABML) stock had a volatile session on Thursday as the stock ended marginally  lower after surging as much 8.35% earlier in the session. The stock has been witnessing solid uptrend over the past few months with a jump of 375% in 6-month.

Market Action

On Thursday, ABML stock went down 0.87% to close at $2.28 with more than 3.32 million shares – compared to its average volume of 4.22 million shares. The stock moved within a range of $2.2450 – 2.4700 after opening the trade at $2.38.

Major Trigger:

Fernley City Council Unanimously Approves American Battery Metals Corporation’s Conditional Use Permit for Lithium-Ion Battery Recycling Pilot Plant

Key Highlights:

  • ABML received unanimous approval from the Fernley City Council for a Conditional Use Permit (CUP) regarding a forthcoming lithium-ion battery recycling plant. This latest endorsement takes the Company one step closer toward permitting and constructing its first-of-its-kind lithium-ion battery recycling pilot plant in Fernley, Nevada. Earlier this month, the CUP was unanimously approved by the City of Fernley Planning Commission.
  • The battery recycling pilot plant will directly support a domestic supply of high-demand battery metals, and will do so through the utilization of innovative extraction technologies. Setting itself apart, the organization’s technology platform does not emit air toxins and eliminates water pollution.
  • Once constructed, the entire recycling plant will consist of three (3) functional building areas totaling 98,789.4 square feet of floor space. The three (3) functional building spaces include a production building, an office building with laboratories, and a warehouse.

Key Quote:

“‘The Fernley City Council’s adoption of the Conditional Use Permit advances our progress towards constructing our trailblazing lithium battery recycling pilot plant,” said American Battery Technology Company Chief Executive Officer Doug Cole. “An industry game changer, the pilot plant will bolster Fernley’s economy, create new jobs and deliver a sustainable solution to enhance and secure a domestic supply of battery metals.”

Related Posts

About The Author