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American Battery Metals teams up with project manager for expedited launch of battery-recycling facility

The deal with VCM Group comes as it advances the development of its battery-recycling facility with a planned operational launch in mid-2020

American Battery Metals Corporation - American Battery Metals Corporation teams up with project manager VCM Group Pty Limited as company gears up to launch its battery-recycling facility
The company seeks to become a top supplier of battery metals to America’s electric vehicles and battery storage markets

American Battery Metals Corporation (OTCMKTS:ABML) announced Thursday that it has teamed up with VCM Group Pty Limited, a global leader in project management, engineering, and construction, as the company gears up to launch its battery-recycling facility later this year. 

"VCM Group brings unparalleled expertise and is ready to work on our accelerated timeframe for the delivery of our battery recycling facility, as well as our extraction and production facilities for our lithium project," said CEO Doug Cole in a statement.  

American Battery Metals said the agreement marks a transformational milestone as it advances the development of its scalable battery-recycling facility in Nevada, with a planned, fully operational launch in mid-2020. 

READ: American Battery Metals sees signs of ‘significant’ sodium carbonate reserves in Nevada's Railroad Valley

"VCM's market leadership and expertise worldwide in project delivery, as well as ferrous and nonferrous metals, will provide a significant advantage to our company for the execution of both our battery recycling and lithium extraction technologies," said Chief Technical Officer Ryan Melsert. 

Doug Nickle, the company’s head of business development, said that “intense interest in our technology” compelled American Batter Metals to expedite the timetable for the recycling facility's launch.

“This strategic partnership will contribute to American Battery Metals Corporation making an immediate, positive impact on numerous battery metals supply chains," he said. 

American Battery Metals, based in Incline Village, Nevada, 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.

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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Price: 1.62 USD

Market Cap: $920.94 m

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on 07/02/2021

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