#7 - American Battery Metals(OTCMKTS:ABML)
The last stock we’ll look at isAmerican Battery Metals (OTCMKTS:ABML). Like Galaxy Resources, American Battery Metals is a penny stock. And like GALXF stock, ABML stock has been on a tear in 2021 charging up 143%.
However, in light of the current speculation going on in the market, it’s important to note that there is a solid growth narrative to support the stock’s surge. In late December, the company made progress on three milestones that puts it on track to opening a pilot lithium-ion battery recycling plant in Fernley, Nevada.
First, it has purchased land. Second, it has secured water rights. And finally it hired a design/build construction firm. This is an interesting development because it will fit the objective of the Biden administration to bring clean energy manufacturing jobs to the United States. And with the company pledging to use a superior process for extracting lithium, there will be keen interest in getting this factory up and running.
About American Battery MetalsAmerican Battery Metals Corporation engages in the exploration, mining, extraction, and recycling of battery metals. It owns 647 placer mining claims on approximately 12,940 acres in the Western Nevada Basin, situated in Railroad Valley in Nye County, Nevada; and a 120-acre parcel of private property with water rights, in the town of Currant, NV near Railroad Valley.
READ MORE Current Price:$2.38
Consensus Rating:N/A
Ratings Breakdown:0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target:N/A
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