American Battery Metals Corporation (OTCQB: ABML) revealed Friday that its preliminary geophysics report shows exceptional conductivity for its Railroad Valley lithium exploration project in east-central Nevada.
The Railroad Valley lithium project is situated on the western side of a very large closed topographic basin that encompasses an area of approximately 2,000 square miles (5,180 square kilometers). The project has a geologic setting that is conducive to the formation of lithium-enriched brines.
"This preliminary data shows a monstrous reservoir which is very high in conductivity,” said American Battery Metals Corporation CEO Doug Cole. “As you can see from the picture, the red and purple shades indicate a pool that could be over 9 cubic miles of liquid or 180 billion barrels of liquid, which further supports our claim of 1 million metric tons of lithium in our immediate basin.”
Cole said the resource exploration and development company’s neighbor to the south has shown “huge brine pools” as well which helps confirm the company’s findings.
“Of course, all of these figures will be certified in our upcoming reports," said Cole.
The complete Geophysics report is likely to be issued in June 2019.
American Battery’s 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.
Contact Uttara Choudhury at [email protected]