INCLINE VILLAGE, NV / ACCESSWIRE / November 18, 2019 / American Battery Metals Corporation (OTCQB:ABML) (the “Company”), a premier battery metal exploration and development and battery recycling company based in Nevada, attended the 2019 Benchmark Minerals Intelligence Minerals Week in Marina del Rey, CA.
Minerals Week is the premier lithium ion battery and electric vehicle supply chain event focused on the key battery raw materials of lithium, cobalt, nickel and graphite. The event, hosted and run by the team at Benchmark Minerals Intelligence, featured participants and global experts in the battery metals and renewables markets. Battery recycling was also heavily discussed as a short-term necessity in terms of e-waste, but also as a long-term solution to supply shortages.
Minerals Week 2019 included participants and speakers from the United States Department of State, SQM, Lithium Americas, Piedmont Lithium, Jervois Mining, Rio Tinto, Pilbara Minerals, Pulead Technology, Standard Lithium, Tesla, General Motors, and many more.
American Battery Metals Corporation’s head of Business Development and Government Affairs, Doug Nickle, represented the company at the 3-day event. “Minerals week was energizing and filled with exclusive thought leadership in the battery metals space. It was the perfect venue to learn, and to showcase American Battery Metals Corporation’s circular, closed loop vertical strategies for the supply chain,” he said.
An overarching topic at the conference addressed conflicted investor sentiment in the battery metals market. While demand projections are skyrocketing, investment in new and emerging exploration and mining projects has not kept pace, deflating pricing and causing concerns about supply shortages.
There are a handful of factors for this general investor confusion, according to Sam Jaffe, Managing Director of Cairn Energy Research Advisors. “…there’s been a number of developments that have been pessimistic in terms of the market,” he said. “Electric vehicle sales in China have dramatically dropped … our forecasts in China are being pulled back near term because of electric vehicle sales.”
But Jaffe is also optimistic about market growth in the near term. “For 2020, we forecast we will be over 200 (gigawatt hours) produced and consumed – in 2030 that number is 1.6 (terawatt hours).” he stated.
Among the companies in attendance at Minerals Week, American Battery Metals Corporation established itself as unique, with its strategic plan addressing the challenges facing the battery metals supply chain. American Battery Metals Corporation is in aggressive exploration of its lithium claims in Railroad Valley, NV, having just completed a first-of-its-kind aerial and magnetotelluric survey covering 2000 sq. miles within the Western Nevada Basin, which will further enhance the Company’s drill program.
American Battery Metals Corporation also gained considerable attention for its recent Greentown Labs/BASF Circularity Challenge award for battery recycling. While working closely in an incubator program with BASF, American Battery Metals Corporation is rapidly moving toward the 2020 launch of its proprietary battery recycling technology and scalable pilot plant.
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.