American Battery Metals Corporation (OTCQB:ABML), which is in the process of changing its name to American Battery Technology Company (ABTC), announced it has submitted a formal application to list its common shares on the Nasdaq Stock Market.
“We believe listing our common stock on the Nasdaq will improve liquidity, increase our corporate visibility in the financial markets, and create shareholder value,” American Battery Metals Corporation CEO Doug Cole said in a statement.
“We believe that listing on the Nasdaq is a natural progression for the company and our shareholders,” Cole added.
READ: American Battery is building a strong foundation to play the lithium long game
The company noted that while it intends to satisfy all of the applicable listing requirements, it cautioned there is no assurance its application will be approved.
It added that during the Nasdaq review process its common shares will continue to trade on the OTC under its current symbol, ABML.
As well, American Battery Metals announced that on May 13, it received approval from the City of Fernley Planning Commission for a Conditional Use Permit (CUP) for a lithium battery recycling plant.
The company said this recommendation is the first step, and the application will now go to the Fernley City Council for final consideration.
It added that it believes the Planning Commission's recommendation to approve the CUP signals continued progress in permitting and constructing ABTC's lithium battery recycling pilot plant in Fernley, Nevada.
American Battery has built a clean technology platform that increases the production of primary metals used in the batteries that power electric cars, grid storage applications, consumer electronics and tools. The green platform creates a circular economy for battery metals that champions ethical and environmentally sustainable sourcing of critical materials.
Contact Sean at sean@proactiveinvestors.com