American Battery Metals Corporation (OTCMKTS: ABML) stock has continued to fluctuate between $1 and $3 in the past four months. On July 8, the company confirmed that its mass grading permit for its Lithium-Ion Battery Recycling Pilot Plant was approved by the City of Fernley, Nevada, and then, its stock price had a small increase.
The company said that the permit marks another step closer to the start of construction, and the final step prior to site construction work is the submission and approval of the core/shell building permit, which will be prepared to submit next week.
The company extracts battery metals from recycled batteries and primary resources by its technology platform, making it a key material provider for multiple innovative technology fields. Although the construction of the Nevada battery recycling pilot plant will take some time, its ambitious business plan will make the company to have a brighter future. Therefore, this is a penny stock that investors should consider watching closely for a long time.
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