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home / news releases / ABML - Revisiting American Battery Technology Co. - Funding Secured But I'm Still Bearish

ABML - Revisiting American Battery Technology Co. - Funding Secured But I'm Still Bearish

American Battery Metals Corp
  • The company raised over $43 million through share issues in Q3 and is now building its pilot lithium-ion battery recycling plant in Nevada.
  • However, there are still no major battery supply contracts in place and the expected EBITDA margin sounds too good to be true.
  • I don’t see how American Battery Metals will be able to compete with Li-Cycle and I remain bearish.
  • The short borrow fee rate stands at 3.97% as of the time of writing.

For further details see:

Revisiting American Battery Technology Co. - Funding Secured But I'm Still Bearish
Stock Information
Company Name: American Battery Metals Corp
Stock Symbol: ABML
Market: OTC
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