LODE - American Battery Metals Comstock Mining sink on Spruce Creek short report

American Battery Metals ([[ABML]] -13.9%) and Comstock Mining ([[LODE]] -11.1%) post double-digit percentage losses after Spruce Creek calls the companies "egregious pretenders" among green energy firms with ambitions to enter the market for electric vehicle battery recycling.Spruce Creek cites American Battery's "exaggerated permitting claims" and evidence from the city of Fernley, Nevada, "documenting that no permits are in process."American Battery "has characteristics of a stock promotion with little chance of success... from poor disclosure to conflicts of interest to its CEO and board members' involvement with past SEC-charged corporate frauds."Spruce Creek finds company management's ability to execute and its integrity "highly questionable," and as a result sees American Battery's "ambitious plans and grand claims in a new and very negative light."American Battery Metals "can be viewed as a lithium miner... but really the correct approach is to think of it not as a metals or mining company, but one concerned

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American Battery Metals, Comstock Mining sink on Spruce Creek short report