American Battery Metals Corporation (OTCMKTS:ABML) announced Friday that it is renewing all 1,300 of its claims with the Federal Bureau of Land Management, covering 26,000 acres in Railroad Valley, Nevada.
The, as expected, move highlights the positive momentum for the company as it continues to grow both horizontally and vertically.
“We’ll finish 2019 in a remarkably strong position, while laying the groundwork for an even more successful 2020,” ABM CEO Doug Cole said in a statement.
“For our exploration and mining programs, we’re also pursuing additional claims in Railroad Valley, including the potential acquisition of distressed assets statewide,” he added.
American Battery Metals, based in Incline Village, Nevada, said it is not just focused on its land positions. The company’s strategic plan is vertically integrated as it develops groundbreaking extraction and battery-recycling technologies.
It recently opened an office in Tonopah,and a full-scale laboratory in Virginia City.
The resource exploration and development company’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 group plans on hitting that target through the timely development of production-grade lithium brine deposits at its Railroad Valley battery metal project.
“This is bigger than just us,” Cole noted. “We know the United States must break free from our reliance on foreign sources of critical minerals and we are committed to working with our partners and competitors alike to make that a near-term reality.”
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