American Battery Metals in partnership with Cicle EV ChargeParks to collect electric vehicle batteries for recycling

American Battery Metals Corporation (OTCQB:ABML) and Cicle Inc are partnering to create the first-of-its-kind centralized service operations for the collection and recycling of electric vehicle batteries at Cicle EV ChargeParks. 

American Battery Metals, which is in the process of changing its name to American Battery Technology Company (ABTC), said the strategic partnership solves a critical renewable energy supply problem for the fast-growing EV ecosystem. 

The growth of EVs has so far relied on environmentally unfriendly and inefficient local power grids to supply energy for recharging short-range batteries in cars and trucks. 

READ: American Battery Metals applies to list its shares on the Nasdaq

As a result, American Battery Metals said the Cicle ChargeParks collaboration creates a practical and highly advanced renewable energy technology solution.

Cicle ChargeParks infrastructure is designed to recharge consumer EV’s efficiently, as well as house multiple American Battery Metals collection points and operations across North America. 

American Battery Metals then collects the spent and damaged EV batteries and other lithium-ion products for recycling and core metals processing.

“Together, Cicle and ABTC are creating an entirely new industry focused on carbon-negative facilities to accommodate a cutting-edge technology infrastructure, renewable energy operations and consumer experiences for the coming EV transformation,” said Cicle CEO John Strisower in a statement. ”Cicle is designing its experiential and technical platform to capture, store and distribute clean power, including solar, wind, hydrogen as well as utilize mega-batteries so consumers and truckers will have the optimal EV experience for themselves – and the planet.”

Doug Cole, CEO of American Battery Metals, said his company is expected to process about 20,000 tons of batteries annually with the fastest turnover of materials in the marketplace. 

“Our team is thrilled to bring its world-class core metals chemical extraction and mineral recycling technology together with Cicle’s ChargeParks infrastructure to create centralized, convenient collection of electric vehicle batteries and other lithium-ion powered tools and consumer electronics,” Cole said

As part of the concept, American Battery Metals said it would support the recycling of EV batteries collected at future Cicle facilities. 

The company also said it is proactively working to permit and construct a pilot battery recycling plant in Fernley, Nevada. 

American Battery Metals is pioneering a closed-loop battery recycling process at this pilot plant that will separate and recover critical materials from end-of-life high-power batteries, as well as from defects and waste from battery manufacturing facilities. The recovered metals are refined to battery-grade specifications and then sold back into the supply chain in a true closed-loop process. 

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Story by ProactiveInvestors