"Our extensive analysis of the Western Nevada Basin, in particular the vast Railroad Valley, indicates significant reserves of sodium carbonate, or soda ash," Cole said in a statement
"American Battery Metals Corporation is currently conducting laboratory testing of sodium carbonate from Railroad Valley drill hole samples in an effort to optimize sodium carbonate extraction processes. Further analysis is ongoing."
Sodium carbonate has many commercial and industrial applications, mainly in glass manufacturing, dry detergents, specialty chemicals and pharmaceuticals, the food industry, metallurgy, and textile & dye manufacturing.
Asia is the largest sodium carbonate market for production and consumption. The United States is the world’s second-largest producer.
The global soda ash market is expected to witness explosive growth of around $23.1 billion by 2022 with compound annual growth of about 4.9% between 2016 to 2022, the company said.
American Battery Metals is a lithium resource exploration and development company, which operates a mining project in the Railroad Valley of Nye County, Nevada. Its goal is to become a top supplier of battery metals to America’s electric vehicles and battery storage markets.
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