American Battery Materials Inc - BLTH stock
Introduction[edit]
About[edit]
American Battery Technology Company (OTC: BLTH) is a lithium-ion battery technology company that has developed a clean technology platform for the extraction and recycling of battery metals.[1] The company is based in Nevada, USA, and was founded in 2018.
Mission[edit]
ABTC's mission is to address the growing need for sustainable and environmentally-friendly solutions for battery production and disposal. The company has developed a closed-loop recycling process for lithium-ion batteries that recovers over 95% of the critical metals such as lithium, cobalt, nickel, and manganese, which can then be used to manufacture new batteries. This process can significantly reduce the demand for new mining and smelting of these metals, which are finite resources.[1]
ABTC also produces high-purity, battery-grade materials that are used in the manufacturing of new lithium-ion batteries. These materials are produced using sustainable and environmentally-friendly methods, which reduces the carbon footprint of battery production.
ESG[edit]
ABTC is focused on supporting the rapidly growing electric vehicle (EV) market and has partnered with leading EV manufacturers to develop sustainable battery solutions. The company's advanced recycling technology and high-quality battery materials enable EV manufacturers to produce high-performance, low-cost batteries that are sustainable and environmentally-friendly.
In addition to its focus on sustainable battery solutions, ABTC is committed to promoting social responsibility and has implemented programs to support local communities and provide training and employment opportunities for underrepresented groups.
Projects[edit]
Lisbon Valley Project[edit]
The Lisbon Valley project comprises claims to over 14,000 acres in the Paradox Basin of Utah. The company believes that the basin is mineral rich, and notes that there is existing energy and logistics infrastructure.[2]
Argentina[edit]
A proposed joint venture with Xantippe Resources intends to develop a lithium project in Argentina's "Lithium Triangle" on 54,000 acres. Xantippe is an Australian developer of lithium brine projects.[2]
Tahoe-Reno Industrial Center[edit]
In August, 2023, ABTC completed the acquisition of a large-scale battery recycling facility situated in the Tahoe-Reno Industrial Center in McCarran, Nevada. This purchase, which includes the facility and its industrial utility equipment, aims to expedite the commercial-scale deployment of ABTC's lithium-ion battery recycling technologies. The commissioning of the facility will happen in stages. In its initial phase, the facility will recycle battery materials into products like copper, aluminum, steel, a lithium intermediate, and a black mass intermediate substance. When the facility enters its second phase, the lithium intermediate will undergo further refinement to produce battery-grade lithium hydroxide, while the black mass intermediate will be refined into battery-grade nickel, cobalt, manganese, and lithium hydroxide products.[3]
Recycling Plant[edit]
The company is in the process of building a Lithium-Ion Battery recycling pilot plant in Fernely, NV. The plant is designed to be a closed-loop, environmentally-friendly recycling facility that recovers up to 95% of critical metals from end-of-life lithium-ion batteries. The recycling plant is expected to be capable of processing up to 20,000 tons of batteries per year, which is equivalent to recycling approximately 10,000 electric vehicle batteries. The recovered metals will be sold to battery manufacturers to produce new batteries, which will reduce the demand for new mining and smelting of these finite resources.[4]
ABTC's recycling process is designed to be efficient and cost-effective, which will allow the company to offer competitive pricing for its recycling services. In addition to recycling end-of-life batteries, the plant will also process scrap and excess material from battery manufacturers, which will further reduce waste and promote sustainable practices.[4]
USABC[edit]
The USABC project is a collaborative effort between ABTC, Ford Motor Company, and the University of Michigan, and is funded by the US Department of Energy. The project aims to develop advanced battery technologies that are cost-effective, high-performance, and environmentally-friendly. ABTC's role in the project is to provide its expertise in developing high-quality, sustainable battery materials, including cathode materials and electrolytes. The company's advanced manufacturing processes and closed-loop recycling technology are also expected to be key components of the project's success. The USABC project is focused on developing batteries with increased energy density, which will enable longer driving ranges for electric vehicles. The project is also aimed at reducing the cost of batteries and increasing their safety and durability.[5]
Tonopah Flats[edit]
American Battery Technology Company successfully completed the design and obtained permit approval from the U.S. Bureau of Land Management to initiate its third drill program, which aims to advance its Tonopah Flats Lithium Project. This project is recognized as one of the largest known lithium resources in the United States. The primary objectives of this drill program are core infill drilling and material sampling at greater depths. These activities represent a crucial step in the process of transitioning the inferred resource into a commercially viable reserve.[6]
BLTH obtained subsurface samples from their 8,540 acre Tonopah Flats Lithium Exploration Project.[7] The company is currently in the process of developing the Tonopah Flats Lithium Project in Nevada, USA. The project is a high-grade lithium exploration and development project that is expected to produce high-quality, sustainable lithium for the electric vehicle and energy storage markets.[8]
The Tonopah Flats Lithium Project covers approximately 6,000 acres of land in an area known for its high-grade lithium deposits. ABTC has conducted extensive exploration and drilling activities on the property, which have confirmed the presence of significant lithium resources. The project is designed to be environmentally-friendly and sustainable, with a focus on responsible mining practices and minimizing the project's carbon footprint. ABTC's goal is to produce lithium using sustainable and efficient methods, which will support the growth of the electric vehicle market and reduce the environmental impact of battery production.[8]
ABTC's expertise in lithium processing and advanced recycling technology is expected to be a key factor in the success of the Tonopah Flats Lithium Project. The company's advanced processing techniques enable the production of high-quality, sustainable lithium, while its closed-loop recycling technology reduces waste and promotes responsible mining practices.[8]
Storey County Property[edit]
On July 1, 2021 the company announced that it had completed the purchase on a 13.8 acre property in Storey County, NV. This property will potentially be a battery storage facility.[9]
Partnerships[edit]
TechMet-Mercuria[edit]
ABTC has entered into a strategic alliance with TechMet-Mercuria. This collaboration encompasses the production, sales, and promotion of metal products recycled by ABTC. Additionally, through the advance purchase of these recycled metal products, TechMet-Mercuria will make a non-dilutive investment of up to $20 million in ABTC. TechMet-Mercuria SA, based in Switzerland, is a collaborative enterprise between TechMet Limited and Mercuria. While TechMet Limited is a private firm focused on establishing premier projects that extract, process, and recycle tech metals essential for electric vehicles (EVs), Mercuria stands as one of the globe's leading independent energy and commodities trading companies and is at the forefront of the energy transition.[10]
SPAC[edit]
A potential merger with special purpose acquisition company Seaport Global Acquisition II Corp. was terminated due to changes requested by Seaport which caused American Battery to decide against moving ahead with the deal.
Financial Performance[edit]
Financial performance for BLTH:[11]
| Year Ending | Total Revenue | Net Income | Earnings per Share | Cash Balance | Total Liabilities |
|---|---|---|---|---|---|
| 12/31/2022 | $0 | ($1,486,000) | 0 | $42,000 | $1,505,000 |
| 12/31/2021 | $0 | $1,762,000 | $0.01 | $8,000 | $9,152,000 |
| 12/31/2020 | $0 | ($3,932,000) | ($0.09) | $23,000 | $11,868,000 |
| 12/31/2019 | $80,000 | ($1,896,000) | ($0.05) | $0 | $8,065,000 |
- ↑ 1.0 1.1 americanbatterytechnology.com. About Us. Accessed on 4/14/2023.
- ↑ 2.0 2.1 Yahoo Finance. American Battery Materials Provides Corporate Update. November 22, 2023.
- ↑ PRNewswire. American Battery Technology Company Finalizes Purchase of Commercial-Scale Battery Recycling Facility. August 21, 2023.
- ↑ 4.0 4.1 IR Direct. American Battery Metals Corporation Provides Pilot Plant Update. July 8, 2021.
- ↑ americanbatterytechnology.com. USABC Project. Accessed on 4/14/2023.
- ↑ PR Newswire. ABTC Finalizes Design and Receives Approval for Third Drill Program to Advance Development of its Nevada-Based Lithium Claystone Resource. August 1, 2023.
- ↑ Yahoo Finance. American Battery Technology Delivers First Tonopah Flats Lithium Samples for Analysis. January 13, 2022.
- ↑ 8.0 8.1 8.2 americanbatterytechnology.com. Tonopah Flats Project. Accessed on 4/14/2023.
- ↑ IR Direct. American Battery Metals Corporation Completes Purchase on Property Located in Tahoe Reno Industrial Park. July 1, 2021.
- ↑ PR Newswire. American Battery Technology Company and TechMet-Mercuria Initiate Strategic Partnership for Marketing and Sales of Recycled Battery Metal Products. August 22, 2023.
- ↑ OTC Markets. BLTH Financials. Accessed on 12/3//2023.
