INCLINE VILLAGE, NV / ACCESSWIRE / August 14, 2019 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), a premier battery metal exploration and development company based in Nevada, is pleased to provide an Executive Summary for shareholders for August 2019.
Promising Drill Hole Results
American Battery Metals Corporation is heating up and we have had a busy summer so far! ABMC is rapidly becoming known and trusted as a strategically integrated company in a market too often filled with "hot talk."
We are actively assessing data from our 1st drill hole. The results of all assays validate detectable economic lithium at 10-foot intervals, from the surface down to 3,000 feet. Lithium values range all the way to 100 PPM (parts per million) with continuous samples. There was an even greater value detected between the depths of 1,900 to 2,300 feet.
These drill results are extremely positive and expand upon the findings of our geophysical report. Our team is more excited than ever to advance our drill program and prove our claims are full of lithium and other minerals. The GeoPhysical results showed a huge reservoir down to 8,000 feet and beyond. If these soil results continue as we drill deeper, the reserve will grow and get stronger, proving that our previous estimates were conservative. We are moving forward with plans for production wells and a formal reserve report. This is an exciting time for our Company and our shareholders.
ABMC signed a letter of intent with the renewable energy company Panel the Planet Inc to explore possible solar energy projects on its Railroad Valley property. The move is designed to offer cost-effective power for our mining and processing operations, as well as create a stream of revenue in the form of power purchase agreements with NV Energy, the state utility.
The ABMC chemical lab is operational! Our chemical staff utilizes the lab to discover, analyze, and apply innovative solutions across the spectrum of our fully integrated verticals. In the battery metals and mining markets, it is a significant and critical advantage to have a company-owned chemical research facility with pioneering, forward looking researchers.
American Battery Metals Corporation is a premier battery metal exploration and development company based in Nevada. The company is focused on its Railroad Valley battery metals 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.
Currently trading on: OTCQB (ABML)
Shares Outstanding: 116,234,968
Shares Restricted: 19,759,945
(per OTC Markets, July 31, 2019)
930 Tahoe Blvd., Suite 802-16
Incline Village, NV, 89451
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 Corp.
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