Testing Showed High Grades of Lithium which is Potentially Great News for All American Lithium Projects
INCLINE VILLAGE, NV / ACCESSWIRE / November 13, 2019 / American Battery Metals Corporation’s (OTCQB:ABML) (the “Company”), a premier battery metal exploration and development and battery recycling company based in Nevada, Chief Executive Officer Doug Cole recently commented on the Rio Tinto waste rock lithium project in Boron, California.
Rio Tinto says it could become America’s largest supplier of lithium, a key element in electric vehicle batteries, if it can successfully process the metal at a large scale.
“Our team had a eureka moment when they did some testing to look for valuable minerals beyond boron in our waste rock and found high grades of lithium,” said Bold Baatar, Chief Executive of energy and minerals at Rio Tinto.
American Battery Metals Corporation Chief Doug Cole said, “The Rio Tinto project is potentially great news for all domestic lithium projects in America. The United States is working hard to break free from its reliance on foreign sources of critical minerals, and any domestic operation that can bring resources online in the near term will inspire action in the investment community.”
Cole continued, “At American Battery Metals Corporation, we are as collaborative-minded, and seek to help advance all domestic exploration and production of battery metals. Aside from our own exploration and mining efforts in Nevada, our extraction and battery recycling technologies can be of tremendous value to other companies.”
Exploration and mining are just part of the process to bring critical minerals to the skyrocketing battery metals supply chain. Mining operations require the extraction technology to process and refine the raw resource into market grade material. With its integrated and self-supporting verticals, American Battery Metals corporation is uniquely positioned to offer multiple benefits to the value chain.
About American Battery Metals Corporation
American Battery Metals Corporation (www.batterymetals.com) (OTCQB:ABML) is a premier battery metal exploration and development company based in Nevada. The company is focused on its Railroad Valley battery metal project in Nevada with the goal of becoming a substantial domestic supplier of battery metals to the increasing electric vehicles and battery storage markets in America.
For more information, please visit: www.batterymetals.com.
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including those with respect to the expected project economics for Western Nevada Basin (Railroad Valley), including estimates of life of mine, average production, cash costs, AISC, initial CAPEX, sustaining CAPEX, pre-tax IRR, pre-tax NPV, net cash flows and recovery rates, the impact of self-mining versus contract mining, the timing to obtain necessary permits, the submission of the project for final investment approval and the timing of initial gold production after investment approval and full financing, metallurgy and processing expectations, the mineral resource estimate, expectations regarding the ability to expand the mineral resource through future drilling, ongoing work to be conducted at the Western Nevada Basin (Railroad Valley), and the potential results of such efforts, the potential commissioning of a Pre-Feasibility study and the effects on timing of the project, are “forward-looking statements.” Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended September 30, 2018. The Company assumes no obligation to update any of the information contained or referenced in this press release.