American Battery now trades under the ticker symbol "AMBL,” which became effective Friday on the OTC QB, according to a company statement.
The company said it filed the necessary paperwork with Nevada's state government to make the name change.
CEO Doug Cole said the Nevada miner decided to change its name after realizing “the vast potential of our assets and potential monetization beyond just lithium. The new name and symbol will allow us to develop a clear identity for our company in the marketplace and with Wall Street.''
In an exclusive interview Thursday with Proactive Investors at the ThinkEquity Conference in New York, Cole revealed the name change and new ticker symbol.
The company’s official announcement of the name change follows another milestone for the miner: drilling has reached a target depth of 3,000 feet ahead of schedule at its Railroad Valley lithium project in Nevada.
American Battery 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. The supply market for lithium is poised to become tight over the next decade.
The company holds 1,300 lithium mineral claims, totaling 26,000 acres in the Railroad Valley of Nye County, Nevada.
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