- Pyxera Global and Terra's Done with It program have
launched a pilot program, sponsored by FedEx, to test the viability
of recovering used electronics (e-waste)
- American Battery Technology Company to recycle lithium-ion
batteries recovered from this pilot program and support blueprints
for nationwide collection and recycling programs
RENO,
Nev., Oct. 12, 2023 /PRNewswire/ -- American
Battery Technology Company (ABTC) (NASDAQ: ABAT), an
integrated critical battery materials company that is
commercializing its technologies for both primary battery minerals
manufacturing and secondary minerals lithium-ion battery recycling,
is pleased to serve as the lithium-ion battery recycler for Pyxera
Global and Terra's Done with It pilot program,
sponsored by FedEx, to test the viability of recovering used
electronics (e-waste). The pilot program aims to develop
circular business models for the logistics industry.
American Battery Technology Company to
Serve as Lithium-Ion Battery Recycler for National Mail-In eWaste
Program.
"Consumer electronics are notoriously difficult to efficiently
collect, aggregate, and recycle," stated Ross Polk, American Battery Technology Company's
director of business development. "We are excited to support
this collection and recycling program, thanks to Pyxera, FedEx, and
project partners. By removing barriers around cost and collection
for consumers, ABTC aims to increase the amount of batteries
entering the closed-loop supply chain in the United States."
Residents of the continental U.S. wishing to donate their
laptops and tablets may request a free FedEx shipping label and
donation instructions by visiting the Done with
It (Powered by Evercycle) website. The pilot program
will accept items through December 15,
2023.
TERRA's Done with It mail-in recycling program will
facilitate the nationwide collection of laptops and tablets and
will direct the donated devices to a secure FedEx facility located
in middle Tennessee. To protect
donor privacy, every device will have its internal memory wiped
and/or physically destroyed in accordance with the R2v3
certification standards.
If a donated device is repairable, it will be sent to
Electronics Recycling Solutions (ERS), a Nashville-area social enterprise that is also
R2v3-certified and dedicated to training adults with developmental
disabilities in high-demand repair skills. If the device cannot be
fixed, it will be broken down and its component parts harvested for
recycling. In particular, the batteries will be sent to ABTC, which
will recover the materials necessary for a domestic battery metals
supply chain, powering electric vehicles.
The lithium-ion batteries will be recycled at ABTC's
commercial-scale, lithium-ion battery recycling facility located in
the Tahoe-Reno Industrial Center in Nevada.
About American Battery Technology
Company
American Battery Technology Company (ABTC),
headquartered in Reno, Nevada, has
pioneered first-of-kind technologies to unlock domestically
manufactured and recycled battery metals critically needed to help
meet the significant demand from the electric vehicle, stationary
storage, and consumer electronics industries. Committed to a
circular supply chain for battery metals, ABTC works to continually
innovate and master new battery metals technologies that power a
global transition to electrification and the future of sustainable
energy.
Forward-Looking Statements
This press release contains "forward-looking statements" within the
meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact, are "forward-looking
statements." Although the American Battery Technology Company's
(the "Company) management believes that such forward-looking
statements are reasonable, it cannot guarantee that such
expectations are, or will be, correct. These forward-looking
statements involve a number of risks and uncertainties, which could
cause the Company's future results to differ materially from those
anticipated. Potential risks and uncertainties include, among
others, interpretations or reinterpretations of geologic
information, unfavorable exploration results, inability to obtain
permits required for future exploration, development or production,
general economic conditions and conditions affecting the industries
in which the Company operates; the uncertainty of regulatory
requirements and approvals; fluctuating mineral and commodity
prices, final investment approval and the ability to obtain
necessary financing on acceptable terms or at all. Additional
information regarding the factors that may cause actual results to
differ materially from these forward-looking statements is
available in the Company's filings with the Securities and Exchange
Commission, including the Annual Report on Form 10-K for the year
ended June 30, 2023. The Company
assumes no obligation to update any of the information contained or
referenced in this press release.
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SOURCE American Battery Technology Company
