American Battery Technology Company (OTCQB:ABML), a critical minerals manufacturing and lithium-ion battery recycling company, announced the expansion of resource exploration staking 122 claims, in addition and adjacent to its recently secured 305 lode mining claims, located on land that is administered by the Bureau of Land Management (BLM), in Little Smokey Valley near Tonopah, Nevada.
Now being referred to as ABTC’s Tonopah Flats Lithium Exploration project, the newly staked 122 lode claims adds 2,440 acres of claims bringing the company’s total lode claims under control in this location to 427 claims encompassing 8,540 acres.
“The acquisition of these additional claims allows us even greater amounts of material resources to characterize and test, and even greater opportunity to scale-up commercial operations of our low environmental impact, and low-cost manufacturing process at this domestic lithium resource,” American Battery Technology CEO Ryan Melsert said in a statement.
READ: American Battery Technology Company receives permit approval for exploration drilling on lithium-bearing claims
The company recently announced initial results of surface samples of the original 305 claims. Given the initial promising results combined with the confirmed geological representative characteristics and surface expressions of adjacent claims, ABTC said it took the opportunity to expand its area of influence next to the original 305 claims.
As part of expanding the exploration of this high potential resource, ABTC is conducting geological mapping, sampling, geochemical analysis, and proprietary extraction trials to characterize these resources and to quantify the performance of its internally developed lithium extraction and manufacturing operations.
The Reno, Nevada-based company, which recently changed its name from American Battery Metals Corporation, is positioned to supply low-cost, low-environmental impact, and domestically sourced battery metals through its three divisions: lithium-ion battery recycling, primary battery metal extraction technologies, and primary resources development.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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