INCLINE VILLAGE, NV / ACCESSWIRE / November 6, 2019 / American Battery Metals Corporation (OTCQB:ABML) (the “Company”), a premier battery metal exploration and development company based in Nevada, today commented on the future of the global energy storage market.
According to Wood Mackenzie, a leading research and consultancy business for the global energy, chemicals, metals and mining industries, “the global energy storage market will balloon to $71 billion in investment into storage systems by 2024.”
Mercom India reports, “VC funding for Battery Storage companies in 2019 was up 104% with $1.6 billion in 25 deals globally compared to the $783 million in 38 deals in 2018.”
American Battery Metals Corporation, Chief Executive Officer, Doug Cole stated, “The rise of renewables-plus projects parallels the skyrocketing forecasts for the electric vehicle market. New solar and wind projects demand increased energy storage systems infrastructure. Together, these indicators validate that there is significant demand for new, U.S.-based sources of critical battery metals like lithium, cobalt, nickel, manganese, vanadium, and graphite.”
Cole continued, “At American Battery Metals Corporation, we are “made in the USA,” and will continue to explore and develop our battery metal mining claims. We are excited to build out our verticals- which include our mining operations, extraction technology, and battery recycling division- to supply the ever hungry battery metals supply chain.”
American Battery Metals Corporation
American Battery Metals Corporation (www.batterymetals.com) (OTCQB:ABML) is a premier battery metal exploration and development company based in Nevada. The company is focused on its Railroad Valley battery metal project in Nevada with the goal of becoming a substantial domestic supplier of battery metals to the increasing electric vehicles and battery storage markets in America.
For more information, please visit: www.batterymetals.com
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including those with respect to the expected project economics for Western Nevada Basin (Railroad Valley), including estimates of life of mine, average production, cash costs, AISC, initial CAPEX, sustaining CAPEX, pre-tax IRR, pre-tax NPV, net cash flows and recovery rates, the impact of self-mining versus contract mining, the timing to obtain necessary permits, the submission of the project for final investment approval and the timing of initial gold production after investment approval and full financing, metallurgy and processing expectations, the mineral resource estimate, expectations regarding the ability to expand the mineral resource through future drilling, ongoing work to be conducted at the Western Nevada Basin (Railroad Valley), and the potential results of such efforts, the potential commissioning of a Pre-Feasibility study and the effects on timing of the project, are “forward-looking statements.” Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended September 30, 2018. The Company assumes no obligation to update any of the information contained or referenced in this press release.
SOURCE: American Battery Metals Corporation
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