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  • ABML Stock Fell 8% On Wednesday, Why?

    ABML Stock Fell 8% On Wednesday, Why?

    American Battery Metals Corp (OTCQB: ABML) fell -8.25 percent to $2.2800 at the close yesterday. ABML stock volume was 8.31M, compared to its average weekly volume of 9.28M. Despite a strategic partnership, ABML stock dropped.

    Who was involved in that partnership?

    Through its three divisions, of recycling lithium-ion batteries, extraction technology, and primary resources, American Battery is uniquely positioned to provide battery metals. An ABML recycling facility for lithium-ion batteries was recently opened in Fernley, Nevada. In addition, ABML published a public statement outlining its business philosophy and approach.  Moreover, AMBL is preparing to change its name to American Battery Technology Company (“ABTC”).

    Cicle, Inc. and ABML, two green technologies innovators, announced yesterday their partnership.

    • ABML and Cicle EV ChargeParks were close to creating a centralized recycling program for EV batteries, the first of its kind.
    • As global automakers and truck fleets shift to electric mobility, the ventures will partner up to meet heightened consumer demand.
    • For the fast-growing EV ecosystem, the strategic partnership provides a solution to a critical renewable energy supply problem.
    • Until recently, recharging short-range batteries in cars and trucks has relied on environmentally unfriendly and inefficient local power grids.
    • Together, ABML and Cicle ChargeParks have developed a highly advanced, practical, and practical technology for renewable energy.

    In what ways is ABML disrupting EV batteries market?

    Cicle facilities would be equipped to recycle EV batteries collected by ABML as part of The ABML Concept. American Battery Metals (ABML) created a closed-loop battery recycling process at its Fernley, Nevada, pilot facility. Through the pilot project, AMBL plans to separate and recover crucial materials from end-of-life batteries and from defects and waste from battery production facilities. In a true closed-loop system, AMBL refines the recovered metals to battery-grade specifications before selling them.

  • American Battery Metals (ABML): The highlight Stock as the EV industry expected to get big in Biden era

    American Battery Metals (ABML): The highlight Stock as the EV industry expected to get big in Biden era

    American Battery stock is on a roller coaster ride since Dec. 2020.

    Things are changing and changing rapidly as we go on to adopt modern technologies. With this, the companies that are based on future tech are in the spotlight for the investors. American Battery Metals (ABML) which is traded in over-the-counter (OTC) markets has largely gained over the past couple of months.

    American Battery shares have soared over 1150% since Dec. 2020 and are continuing the bullish run this month. Lately, the company was selected for a grant of $4.5 million to be given by the U.S. Department of Energy’s Advanced Manufacturing Office.

    The new US government administration under Joe Biden has come up with a serious mission. Biden backs new technological improvements and is an enthusiast for the global green environment.

    On Jan. 25, the President vowed to replace the government’s fleet with EVs. Biden is very much focused on the clean-energy. Reportedly, around 650,000 vehicles would be replaced with electric models.

    As per Reuters, Biden stated:

    “The federal government also owns an enormous fleet of vehicles, which we’re going to replace with clean electric vehicles made right here in America made by American workers.”

    What’s Next?

    American Battery Metals’ (ABML) market cap is approaching $2 billion as the demand for EV batteries continues to rise. The company is into the new ecosystem of EVs that aims to change the global environment.

    ABML develops and produces electric batteries to meet the demand of the growing EV supply chain. The company focuses on lithium-ion battery manufacturing and has an integrated recycling facility. The company has a long-term vision as it’s part of the broader EV market that is going to boom in the next few years. 

    Furthermore, the company would trade under the official name of American Battery Metals Corp.with the symbol (ABML), unless it attains regulatory and state approval.

    Recently, the company announced that it is set to receive a grant of $4.5 million from the U.S. Department of Energy’s Advanced Manufacturing Office. This grant is part of DOE’s effort to reduce the US’s dependence on critical materials by helping American companies.

    The company is now focusing on its proposed 3-year project that would change its first-of-kind system design from bench-scale validations. This project would make transitions in construction, commissioning, and operation of a multi-ton per day integrated system. The integrated battery system receives lithium-rich claystone material, which is its main part.

    Conclusion

    American Battery Metals (ABML) has grown excessively but the real value is based on market growth. The CEO of AMBL, Doug Cole stated that this $4.5 million grant would make the company debt-free. Moreover, they expect the company to be listed soon. So, in the long-term, American Battery seems a big fish.