Reno, Nev., April 01, 2022 (GLOBE NEWSWIRE) — American Battery Technology Company (ABTC) (OTCQB: ABML), an American critical minerals and lithium-ion battery recycling company, accepts the challenge presented in President Biden’s Presidential Invocation of Defense Production Act for Battery Materials to secure a domestic supply chain for critical and strategic battery metals through environmentally and socially responsible means, as has been deemed essential to the national security of the United States.
“Remember, we’re the only nation that has turned every crisis we ever faced into an opportunity.”
-President Joseph R. Biden, Jr.Remarks on Securing Domestic US Battery Supply Chain, 03/31/22
“ABTC is uniquely positioned to support this Presidential initiative to accelerate the ramp up of domestic environmentally and socially responsible manufacturing and refining capacity of battery metals,” stated ABTC CEO Ryan Melsert. “We have the opportunity, the imperative, and the responsibility to work collectively to support this transition to a lower-carbon infrastructure. While there are large amounts of battery cell and electric vehicle manufacturing capacity already under construction in the US, the President accurately identified that there is a large void in the upstream portion of this domestic supply chain and a significant shortage in the amount of domestic and environmentally responsible battery materials manufacturing and refining capacity required to feed these facilities.”
The ABTC team has developed and is currently commercializing a first-of-kind processing train for the manufacturing of battery grade lithium hydroxide from Nevada-based sedimentary claystone resources as part of the company’s Tonopah Flats Lithium Exploration Project, which is supported by its recently awarded grant from the US Department of Energy, Advanced Manufacturing Office, in partnership with DuPont. The technologies for this processing train were developed through rigorous first principles physics-based design, and have been demonstrated at bench scale to be able to produce these battery metal lithium products with a disruptive step change improvement in environmental footprint.
Additionally, the ABTC team has also developed and is commercializing an in-house designed set of technologies for the integrated recycling of lithium-ion batteries and the recovery and manufacturing of key battery metals including lithium, nickel, cobalt, manganese, and copper. The company currently has under construction its pre-commercial lithium-ion battery recycling plant in northern Nevada, and is undergoing a commercial scale development and demonstration project in collaboration with BASF and C4V through a grant awarded by the US Department of Energy in collaboration with the US Advanced Battery Consortium (USABC), a subsidiary of the United States Council for Automotive Research (USCAR), which is a collaborative technology company comprised of General Motors, Ford, and Stellantis. The scope and definition of this project sponsored by the US government and automakers is specifically to demonstrate that these battery metal products can be manufactured from domestic US resources, at lower cost than, and at significantly improved social and environmental impact than conventionally mined products.
“We are in an industry where too often it is assumed that all recycling processes are inherently net positive social and environmental impact and that all mining processes are inherently net negative social and environmental impact,” stated ABTC CEO Ryan Melsert. “Critical thought and first principles physics-based design are needed to be applied from the very early stages in the development of these types of battery metals manufacturing systems to ensure that they have a net positive social and environmental impact on the local and global communities, whether from primary or recycled resources. There are unfortunately many lithium-ion battery recycling operations in place today that rely on polluting processing techniques, while at the same time there are many primary mining technologies that can enable the manufacturing of these battery metals with positive impacts on the local and global communities. It is through the establishment of industry benchmarks and reporting standards for both primary resources and recycled metals resources that customers and OEMs will be able to identify and prioritize the purchasing of these domestically manufactured and responsibly sourced minerals.”
The company is proud that in January 2022 it was accepted into the Initiative for Responsible Mining Assurance (IRMA), an organization that specifically works to set the standards to achieve more socially and environmentally responsible mining. ABTC is excited to support environmentally and socially responsible standards for battery metals, and is looking forward to working with fellow members Ford Motor Company, General Motors, BMW Group, Daimler AG, Volkswagen AG, Microsoft Corporation, and many other industry leaders.
About American Battery Technology Company
American Battery Technology Company, which recently changed its name from American Battery Metals Corporation, is uniquely positioned to supply low-cost, low-environmental impact, and domestically sourced battery metals through its three divisions: lithium-ion battery recycling, primary battery metal extraction technologies, and primary resources development.
American Battery Technology Company has built a clean technology platform that is used to provide a key source of domestically manufactured critical and strategic battery metals to help meet the near insatiable demand from the electric vehicle, electrical grid storage, and consumer electronics industries. This ESG-principled platform works to create a closed-loop circular economy for battery metals that champions ethical and environmentally sustainable sourcing of critical and strategic materials.
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, are “forward-looking statements.” Although the American Battery Technology Company’s (the “Company) 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 June 30, 2021. The Company assumes no obligation to update any of the information contained or referenced in this press release.
SOURCE: American Battery Technology Company