American Battery Technology Company ABML

From Bloomberg:

https://www.bloomberg.com/news/articles/2022-09-01/the-next-big-battery-material-squeeze-is-old-batteries?cmpid=BBD090122_hyperdrive

" A global rush into battery recycling is good news for automakers worried about future raw material supplies. But the wave of new factories poses a big risk for the recycling industry itself: there’s nowhere near enough scrap yet to feed them all."

A big positive is AMBL’s being close to the Tesla factory; anyone know if we are on good terms with them?

$ABML From a Bloomberg feed regarding the proposed EV subsidy in the new bill:
“For EVs to qualify, their batteries will need to contain minerals extracted from or processed in a country the US has a free trade agreement with, and a portion of components to be manufactured or assembled in North America. “

ABML is in the right position, but needs to step on the gas (pun intended) and get in production.

$AMBL As to Redwood and other competitors, the technology aside, the battery recycling need will be huge. There will be room and need for many players globally. AMBL is positioning itself to be an early player. Time will tell if AMBL can grow to “Tesla “ level, I think it is very possible, but it may be eaten by a major, like VW or DuPont, but we will be very well rewarded being in at the $1-$2 level. Just getting on NASDAQ will pop it significantly.
AMBL has a solid management team, and we’ll see in about a year if the business plan is sound.

No t-shirts on the merch store?

ABML
The below news piece from Bloomberg is on Redwood, but the recycling is pertinent to us. There will be plenty of play, and AMBL appears very well positioned to be a top one:

“Toyota is tying up with a US battery recycling company created by Tesla co-founder J.B. Straubel to collect and repurpose cells from some of the earliest EVs. The world’s biggest automaker and Redwood Materials plan to create a “closed-loop” supply chain for electric-vehicle batteries that involves collecting end-of-life cells for reuse and repurposing of materials, according to a statement Tuesday. The companies will initially try testing and recycling batteries from Toyota’s early-generation Prius models, the world’s first mass-produced hybrid car when it made its debut in the US around the turn of the century.

From Musk interview with Bloomberg:

“Musk has previously complained about the availability of battery metals like lithium and nickel, pushed commodities companies to lift supply, and discussed the prospects for Tesla to become a miner itself — a step already being taken by some other EV and battery producers.

”We just think about how do we address the limiting factors in the supply chain and in our own industrial capacity,” Musk said. “Basically, we need to build the factories faster, and then we need to look ahead to whatever the choke points are in the whole lithium-ion battery supply chain, from mining and refining to cathode and anode production and cell formation”

$ABML “waste of time” - a perfect description.

ABML Does the Tesla 100 year battery mean you get a 100 year battery warranty?

$AMBL I agree with Daniel Sperry.

$ABML As I read this DOE funding application, the deadline is May 31, 2022 for the Concept Paper Submission and July 19, 2022 for final application submission, $ looks like April 2023. The intent of the funding reads like an ABML statement of operations, so I would expect AMBL to get their fair chunk. The link is to the current "Teaming Partner List." Several R&D and academic institutions, but also several companies unknown to me, but with stated goals similar to ABML - ABML is not currently on the list, but I don't know the importance of that. Redwood Materials also is absent.

https://eere-exchange.energy.gov/FileContent.aspx?FileID=0924f9e8-58cd-4da9-9b6d-561b1f7e9c36

We are in the right place at the right time, but the competition is there too.