American Battery Metals (OTCMKTS: ABML) stock seems to be rebounding in recent month. This lithium-ion battery recycling technology and advanced extraction company announced last Thursday that it has purchased 8 acres of land near Sparks, Nevada for building out facilities required to store and recycle lithium batteries.
The company is looking beyond mining, to deliver innovative lithium extraction technology to the battery market. The company has built a clean technology platform that increases production of primary metals used in batteries that power electric cars, grid storage applications, consumer electronics and power tools.
Battery recycling and reuse have become important section in advocating green energy today. At the same time, the company extracts battery metals from recycled batteries and primary resources by its technology platform, making it a key material provider for high-tech products. The company is creating a circular economy for battery metals, which will make it have more opportunities to increase its revenues in the future.
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