The lithium-ion recycler American Battery Metals Corporation (OTCQB: ABML) saw its share falling 3.33% on Friday. With the drop of -$0.11, the price of the Nevada company now stands at $3.1900. However, the loss in the stock price rises to -16.93% over the past 5 sessions.
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The company operates as:
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- American Battery Metals Company is best equipped across its three subsidiaries to produce battery metals.
- These included the recycling of lithium-ion batteries, mining technology, and primary materials.
- It stands among innovative American-owned lithium-ion battery recycling technology companies.
- The business has developed a forum for renewable technologies that increase the output of primary metals used in batteries that fuel electric vehicles, applications for grid storage, consumer electronics, and tools.
- The company holds advanced battery metals extraction technology with extensive mineral resources in Nevada
- The Green Platform creates a circular battery metal economy that champions essential materials’ ethical and environmentally friendly procurement.
Recent developments:
- The Company recently announced the groundbreaking of its Fernley, NV, recycling facility for lithium-ion batteries.
- It will soon be known as American Battery Technology Company, it is in the process of changing its name.
- Also, as reported earlier, a grant of $4.5 million has been awarded to the company by the Advanced Manufacturing Office of the U.S. Department of Energy.
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Stock’s Potential:
Although the stock has lost over the past week but is still up 38.40% over the past month benefitting the clean energy policies announced by the current U.S. administration. Also, the stock has gained more than 230% since the start of the year raising its price from $0.96 to the current levels.
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