American Battery Metals Corporation (OTCMKTS:ABML) Expands to Include Nickel and Cobalt Resources

American Battery Metals Corporation (OTCMKTS:ABML) has inked an agreement with Global Energy Metals Corporation (GEMC) to scale up the former’s capabilities by coming up with solutions to manufacture nickel and cobalt battery metals domestically. It will also work on its existing domestic lithium product manufacturing setup.

Even though ABTC has owned land and leased mining claims with lithium bearing resources in Nevada, it can’t combat global challenges. A major portion of brine and surface sedimentary deposits aren’t conventional. Their concentrations of lithium and methods using which lithium is deposited within such host sites is in stark contrast to how it is done at established commercial scale lithium product manufacturing sites. Thus, it isn’t feasible to apply current conventional process flowsheet technologies to these resources. It would result in extraction and conversion processes that aren’t economically competitive.

To combat this troubling issue, ABTC came up with its in-house developed process for the manufacturing of battery grade lithium hydroxide from Nevada-based surface sedimentary lithium bearing resources. This technique is being scaled up to 5 metric tonne per day field demonstration system (with the aid of a grant).

Even though producing battery grade lithium materials domestically is crucial, it isn’t the only critical or strategic battery metal required. That is why; ABTC has entered into an agreement with GEMC, as mentioned. The development work can successfully quantify the competitive value of developed process flowsheets against existing market conditions.

Market Reaction:

As of 11.05 AM, ABML stock gained 3% at $1.39 with more than 780K shares, compared to its average volume of 2.38 million shares. The stock has moved within a range of $1.3400 – 1.4000 after opening the trade at $1.34.