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American Battery Metals addresses Department of Energy’s Request for Information on battery supply chain risks

American Battery Metals Corporation (OTCQB:ABML), which is in the process of changing its name to American Battery Technology Company (ABTC), announced that it has responded to the Department of Energy’s Request for Information after the company outlined risks inherent in the current battery critical materials supply chain. ABTC said it has identified the recycling of lithium batteries using next generation extraction technologies as the fastest, most economical and environmentally-friendly way to increase domestic sources of critical battery materials. As well, the company proposed policy solutions to scale a circular economy for battery metals in ways that work for local communities, environment, and companies alike. READ: American Battery is building a strong foundation to play the lithium long game Specifically, the risks to battery critical material supply chains that ABTC is helping to address include: Geopolitical Risk: ABTC said about 99% of lithium, nickel, cobalt, and manganese battery metals used in the US are sourced from just a few foreign countries. The company said it is addressing this gap by scaling to become a home-grown leader in lithium-ion battery recycling. ABTC noted its pilot facility in Nevada, currently in the permitting and construction phase, will process 20,000 metric tons of lithium batteries per year from electric vehicles, consumer electronics, energy storage applications and manufacturing waste – making it one of the largest facilities in the world. Climate Risks from Outdated Recycling Methods: ABTC said its use of next generation battery recycling methods avoid air and liquid pollutant emissions through strategic design and avoidance of high-temperature operations, while generating minimal waste. Lack of Collection and Transport Infrastructure: In order to avoid lithium-ion batteries ending up in landfills and as unchecked fire hazards in local communities, ABTC said it is sharing its technical knowledge about lithium battery safe handling best practices with policy makers to develop frameworks that better enable transport and storage of lithium batteries while protecting climate and community. Regulatory Frameworks: ABTC noted that regulatory ambiguities surrounding lithium-ion battery feedstock classification (as hazardous and/or universal waste) and inconsistencies across state lines inhibit the efficient implementation of new lithium-ion battery recycling technologies at scale. As well, ABTC outlined two policy proposals to scale lithium battery recycling in the US: Create a new non-waste classification category for lithium-ion batteries, separate from the hazardous waste designation, which the company said will lead to better environmental outcomes and increased domestic sourcing of battery metals. Allow states Resource Conservation and Recovery Act and hazardous materials regulations enforcement waivers for storage, transport, and recycling of lithium-ion batteries that are meant for recycling, which ABTC said will ensure safe transportation, handling, and processing during the recycling process. ABTC added that it will continue its policy work to ensure the domestic battery supply chain reaches its full potential and that American manufacturers can bring innovation, jobs and secure supply chains to the growing field of electric vehicles. Contact Sean at sean@proactiveinvestors.com