Proactive Investors - Run By Investors For Investors

Oroplata Resources to change its name to American Battery Metals Corp

The company has completed the first step in the requirements necessary to change its name
lithium batteries
Oroplata's subsidiary LithiumOre holds 1,300 lithium mineral claims, totaling 26,000 acres, located in Railroad Valley of Nye County, Nevada

Oroplata Resources (OTCQB:ORRP), the lithium resource exploration and development company, said Monday that it intends to change its name to American Battery Metals Corporation.

The company has completed the first step in the requirements necessary to change its name and expects to meet the remaining legal and regulatory hurdle to make the change official in the next 60 days.

LithiumOre is a wholly-owned subsidiary of Oroplata Resources, which will soon be called American Battery Metals.

READ: LithiumOre contracts Welsco to drill on Railroad Valley lithium project in Nevada

LithiumOre is a resource exploration and development company whose top focus is the establishment of a low-cost, environmentally sound production base to supply the rapidly growing lithium-ion battery industry for both mobile devices and laptops, as well as the burgeoning electronic vehicle industry.

LithiumOre holds 1,300 lithium mineral claims, totaling 26,000 acres, located in Railroad Valley of Nye County, Nevada.

READ: LithiumOre says securing production-grade lithium brine deposits in Nevada sets it up for ‘exciting future’

Demand for lithium will continue to grow alongside electric cars and high-capacity electric storage.

The supply market for lithium is poised to become tight over the next decade, and that can be seen in its lofty spot price which is hovering at $18,000 per ton.

Oroplata shares closed up 5.94% to finish at $0.21 on Friday.

Contact Ellen Kelleher at [email protected]

View full ORRP profile View Profile

Oroplata Resources Inc Timeline

Related Articles

plastics capital
May 28 2019
Plastics Capital changed its name to Synnovia in December to reflect the unification of the films division
man in lab
February 20 2019
The materials company is aiming to change how the world makes battery materials
Helicopter in Nova Scotia
March 08 2019
Between 1862 and 1927 almost a million ounces of the precious metal were extracted from the province
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use