Lithium ion battery recycling technology company American Battery Metals Corporation (OTCMKTS:ABML) announced this morning that it concluded the acquisition of a property spanning 13.8 acres at Storey County, Nevada.
It is a major development for the company and has come as a major boost for its stock as well, which has jumped by 2% this morning. This particular parcel of land bought by American Battery Metals Corporation is actually part of the Tahoe Reno Industrial Center, which is regarded as the biggest industrial park on the planet. It has been revealed that this property is going to be the site of the battery recycling pilot plant that has been planned by the company.
It is a highly ambitious project for American Battery Metals Corporation considering the fact that the plant going to be crucial for the supply of batter metal that are highly in demand.
However, that is not all. It is also necessary to point out that American Battery Metals Corporation has set the plant apart from those of its peers in the industry by ensuring the technology platform does not release toxins in the air and also reduced water pollution. It could be a stock worth tracking in the coming days.
Market Action:
As of 10:46, ABML stock jumped 2% at $2.05. The stock has traded 836k shares, compared to its average volume of 3.80 million shares. The stock opened at $2.04 and moved in a range of $1.9700 – 2.0600.
 Stock Hovers Around $2: Time To Buy?){kind=link}