Is American Battery Metals Corporation (OTCMKTS:ABML) Stock a Good Buy After The Recent Fall?

American-owned Lithium ion battery recycling technology and advanced extraction company, American Battery Metals Corporation (OTCMKTS:ABML), has announced participation of CEO and CFO, Doug Cole and David Corsaut at the Alliance Global Partners’ Virtual Metals and Mining conference on July 13.

The company, with significant presence in Nevada, is also looking at changing the name to American Battery Technology Company. Its CEO Doug Cole said that there has been progress on the pilot Lithium-ion Battery Recycling Pilot Plant and the final step will entail submission and approval of shell building permit. Cole believes that this should be possible by the coming week.

Additionally, it is working closely with its design-build general contractor Miles Constructionas well as architectural firm BJG Incboth on design as well as construction of storage facility. With over 100,000 square feet of building space, which also has 60,000 square foot production space as well as for development center with offices, labs and a warehouse, the pilot plant will be constructed in two phases, 30,000 square feet in each phase.

Chuck Leber, the company’s lead construction manager, said that once the shell building is approved, it would start grading at the site. Furthermore, a new webpage will be done to the existing website aimed at giving updates on the site, equipment as well as commencement of commercial operations.

Market Reaction:

On Friday, ABML stock jumped 3.13% at $1.98 with more than 3.08 million shares, compared to its average volume of 3.97 million shares. The stock had moved within a range of $1.9300 – 2.1500 after opening the trade at $1.93. Over the past 52-week, the stock has been trading within a range of $0.0800 – 4.9000.