American Battery Metals Corporation (OTCQB:ABML), which is in the process of changing its name to American Battery Technology Company, said it has established a new development center at the Nevada Center for Applied Research at the University of Nevada Reno (UNR).
The company said while its recycling facility and innovation center is being built in Fernley, Nevada, the UNR lab space will complement its facilities at Greentown Labs in Cambridge Massachusetts, and will afford American Battery Metal access to UNR facilities, equipment, faculty, and students.
WATCH: American Battery Metals Corporation CEO updates on shelf registration statement
The company also said it will actively engage with the Nevada Center's academic community for research partnerships and internships while advancing the company’s extraction and recycling technologies.
"In addition to the academic and R&D opportunities available to us at the Nevada Center, American Battery Metal Corporation will spend $500,000 on laboratory equipment this year, and up to $2 million next year," American Battery Metal’s principal chemical engineer August Meng said in a statement.
"Our technical team is ready to expand our laboratory work ahead of the construction of our facilities at our pilot recycling plant. We will continue to refine our battery recycling technology, while we work on our lithium extraction process for Nevada claystone and joint project with American Lithium and DuPont Water Solutions," Meng added.
Contact the author at calum@proactiveinvestors.com
Follow him on Twitter @Cal_Proac