American Battery Metals Corporation (OTCQB:ABML), which is in the process of changing its name to American Battery Technology Company, said it has received approval for a Conditional Use Permit (CUP) for a lithium battery recycling plant from the planning commission in Fernley, Nevada.
The city’s recommendation, handed down on May 12, 2021, is the first step, and the application will now go to the Fernley City Council for final consideration, the company said.
It noted that the planning commission's recommendation to approve the CUP signals continued progress in permitting and constructing the company’s lithium battery recycling pilot plant.
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"The Fernley Planning Commission's approval of our Conditional Use Permit is a critical path milestone in our work to build our first of kind lithium battery recycling pilot plant," American Battery chief operating officer Menka Sethi said in a statement.
"The plant will bring well-paying jobs to the local community and provide an environmentally-friendly solution to increasing supply of battery metals in the United States," he added.
The company said the city's CUP process ensures that the company’s pilot plant will meet all requirements put in place through Fernley's Comprehensive Master Plan to ensure "the public health, safety and general welfare by providing for special safeguards in the location and design of certain uses in certain zoning districts."
Lead Onsite Project Manager Chuck Leber added: "Our design-build team lead by Miles Construction continues to prepare building permit applications as the Conditional Use Permit process for our pilot plant moves ahead. City of Fernley's approval of the mass grading permit application we submitted will enable the Miles team to begin grading and site work necessary to construct the pilot plant.”
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