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American Battery Metals unveils launch plans for battery recycling plant in Nevada

The company plans to have the plant up and running in the second half of 2020

Lithium batteries
“Our facility and process will make American Battery Metals Corporation one of the largest lithium-ion battery recyclers in the world,” CEO Doug Cole said

American Battery Metals Corporation (OTCMKTS:ABML) announced the launch Tuesday of a battery recycling plant in Nevada that the company expects to have up and running later this year. 

"Our scalable commercial lithium-ion battery recycling facility will be fully operational in the second half of 2020. We will have a throughput of approximately 20,000 tons of feedstock per year,” CEO Doug Cole said in a statement. "To put that into context, currently, less than 3% of lithium ion batteries — or approximately 90,000 tons (2018) — are recycled globally.”

“Our facility and process will make American Battery Metals Corporation one of the largest lithium-ion battery recyclers in the world,” Cole added. “We will harvest and then redeploy strategic metals like lithium, cobalt, and nickel back into the supply chain at a considerable cost advantage."

READ: American Battery Metals teams up with project manager for expedited launch of battery-recycling facility

The plant will be managed by Chief Technical Officer Ryan Melsert, himself a former Tesla employee, who has been working with chemical company BASF since American Battery Metals received the Greentown Labs/BASF Circularity Challenge award for battery recycling.

"The implementation of this lithium-ion battery recycling system is a rare opportunity to simultaneously address three global challenges; the avoidance of dramatic quantities of hazardous waste from entering our landfills, the reintroduction of domestically sourced low-cost critical elements back into the battery manufacturing supply chain, and the ability to produce these battery grade minerals with a substantially lower environmental footprint than from virgin feedstocks," Melsert said. “This ABMC recycling process is designed to recycle not only end-of-life battery packs, but also material waste from every step of the manufacturing process.”

By pairing battery recycling with extraction and mining, American Battery Metals is creating a closed-loop set of solutions for battery metal supply chains. Doug Nickle, the company’s head of business development and government affairs, said developing American sources of battery metals is more than good business — it’s a question of national security.

"The need for US-domestic sources of critical battery metals is a matter of national security," Nickle said. "Our battery recycling vertical is a perfect complement to our extraction and mining divisions; we'll ethically source virgin materials from our sustainable mining projects simultaneously to our recycling of each of the metals already contained in scrap and end of life batteries."

Contact Andrew Kessel at [email protected] 

Follow him on Twitter @andrew_kessel

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Price: 0.0577 USD

OTCQB:ABML
Market: OTCQB
Market Cap: $19.98 m
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