The firm will now become known as American Battery Technology Company, a new identity that showcases its work in lithium-ion battery recycling.
In a statement, CEO Doug Cole told shareholders that the new name more accurately conveys its primary focus, mission and strategic vision.
READ: American Battery Metals moving ahead with battery recycling plant, provides financing update amid pandemic
“These past several months have been exciting as we have expanded our team and evolved from a metals company to a battery metals technology development company,” Cole said.
“We have now positioned our main areas of focus as the design and implementation of internally developed technologies for the recycling of lithium-ion batteries and for the advanced extraction of battery metals from primary resources.”
The Nevada-based company has spent the past few months positioning itself in anticipation of its planned lithium-ion battery metals recycling plant in Nevada, welcoming a number of new Tesla hires into the fold including its chief technology officer Ryan Melsert.
“We look forward to executing on our vision in becoming the world's first fully integrated battery metals supply chain provider,” Cole told investors.
The company expects the legal and regulatory requirements necessary to officially change the name to be completed in the third quarter of 2020.
Contact Angela at [email protected]
Follow her on Twitter @AHarmantas