Reno, Nevada, December 10, 2021 (GLOBE NEWSWIRE) - American Battery Technology Corporation (ABTC) (OTCQB:ABML), a key mineral manufacturing and lithium-ion battery recycling company in the United States, has obtained approval for its required notification to the Bureau of Land Management (BLM) Tonopah’s field office’s operating license, and the BLM’s Nevada office in Reno’s reclamation bond for the initial first of its recently acquired 305 vein mining rights on Little land Phase underground sampling of Smoke Valley near Tonopah, Nevada.

Ryan Melsert, CEO of American Battery Technology, said: "With our permission and binding, we are very pleased to now begin exploration drilling and underground sampling of these high-potential resources." It is very rare to prepare, submit and approve our license in a short period of time, which proves the experience level and professional ethics of our resource team. We are extremely proud of these team members and look forward to analyzing the results of these exploratory samples. And continue to accelerate the rapid development of this resource."

The company previously announced the preliminary results of surface sampling from these mining areas. After experiencing gratifying results, exploratory drilling in these mining areas (now known as ABTC’s Tonopah Flats Lithium Exploration Project) is to develop this high-potential resource. The next critical step. The samples collected during these exploratory drilling operations will be characterized and analyzed to define and quantify the footprint, depth, and lithium grade of lithium-bearing deposits.

Preliminary evaluation of historical sampling and characterization work shows that the resource composition and structure of these claims can represent the resources identified in claims near the same area. In April 2020, American Lithium released a resource assessment for its 7,500-acre TLC project, which is directly adjacent to the claims obtained by these ABTCs. It shows that the measured and indicated lithium carbonate equivalent resource is 5.37 million tons, and it is inferred to be 1.76 million tons. Million tons.

In the past two years, ABTC has been designing and optimizing its internally developed process to use these deposited clay resources in Nevada to manufacture battery cathode-grade lithium hydroxide. To date, most of these developments have been carried out using sedimentary claystone resource samples provided by partner companies in the Tonopah area of ​​Nevada. Although ABTC will continue to work with these partners to improve, test and verify its internally developed technologies for potential commercialization at these resource sites, ABTC is also directly evaluating its lithium extraction and manufacturing technology in its own lithium-containing technologies. Performance on resources.

"Our in-house technology development and commercialization work for manufacturing battery cathode-grade lithium hydroxide directly supports the U.S. federal effort to reduce the dependence of these key materials on foreign sources. These key materials may not meet sufficient ethical and environmental standards for battery metal procurement. Manufacturing," said Ryan Melsett, CEO of American Battery Technology. "The construction and commissioning of our lithium-ion battery recycling test facility is still our main focus, but the combined scale of the entire battery recycling industry cannot meet the recent unsatisfactory demand for these critical and strategic battery metals. These recycling The facilities must be supplemented by low-cost, low environmental impact domestic primary battery metal manufacturing facilities in order to establish a truly safe closed-loop recycling battery metal supply chain."

For more information, please visit: www.americanbatterytechnology.com.

About American Battery Technology Company American Battery Technology Company recently changed its name from American Battery Metal Company to American Battery Metal Company. Through its three divisions, it provides low cost, low environmental impact and unique advantages of domestic battery metal: lithium ion battery recycling, primary battery metal Extraction technology and one-time resource development.

American Battery Technology Corporation has established a clean technology platform to provide key domestic and strategic battery metal sources to help meet the almost unsatisfied needs of the electric vehicle, grid storage, and consumer electronics industries. This ESG-based platform is dedicated to creating a closed-loop circular economy for battery metals to support the ethical and environmentally sustainable procurement of critical and strategic materials.

Forward-looking statements This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Except for statements of historical facts, all statements are "forward-looking statements." Although the management of American Battery Technology Corporation (hereinafter referred to as the "Company") believes that such forward-looking statements are reasonable, they cannot guarantee that such expectations are or will be correct. These forward-looking statements involve many risks and uncertainties. Therefore, the company’s future results may differ materially from the expected results. Potential risks and uncertainties include (among other things) interpretation or reinterpretation of geological information, unfavorable exploration results, and inability to obtain future exploration, development or The license required for production, the general economic conditions and the conditions affecting the industry in which the company operates; the uncertainty of regulatory requirements and approvals; fluctuations in the price of minerals and commodities, final investment approvals, and those that cannot obtain the necessary financing under acceptable conditions or at all Capability. As a result, the documents required by the company di to the US Securities and Exchange Commission include the annual report on Form 10-K for the year ended June 30, 2021. The company does not undertake the obligation to update any information. This press release contains or quotes.

Media Contact for American Battery Technology Corporation: Tiffiany Moehring tmoehring@batterymetals.com 720-254-1556

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