American Battery Metals says $1.25M equity investment from Just Business has closed

American Battery Metals Corporation (OTCQB:ABML), which is in the process of changing its name to American Battery Technology Company, announced Tuesday the close of a $1,250,000 equity investment from impact investment firm Just Business.  Led by partners David Batstone, Mark Wexler, and William Riggs, San Francisco-based Just Business is committed to building profitable companies that positively impact the world, American Battery said. Just Business is focusing its most recent fund, the People|Planet Fund, on technology platforms that will support the clean energy transition and provide the building blocks to power the future -- from electric vehicles and grid storage applications to consumer electronics and power tools. READ: American Battery Metals secures industrial land in northern Nevada for its lithium-ion battery recycling facility "We are excited to invest in a company that supports ethical and environmentally sustainable sourcing of critical materials for everything from our cars to our electronics," Wexler said in a statement. "American Battery's focus on recycling, extraction, and exploration uses the best technology available and we look forward to working with them as they scale their vision of a circular economy that connects people, planet and profit." American Battery said it is uniquely positioned to supply battery metals through its three divisions: lithium-ion battery recycling, extraction technology, and primary resources. The company recently announced the groundbreaking for its lithium-ion battery recycling facility in Fernley, Nevada, and issued a recent shareholder letter in October outlining achievements of the past year.  The company is focused on its lithium-ion battery recycling, its proprietary extraction technology, and resource production projects in Nevada to become a substantial domestic supplier of battery metals to the rapidly growing EV and battery storage markets. Lithium-ion batteries are used in EVs, mobile phones, laptops, and power tools, among others, but less than 5% of the world's supply of such batteries are recycled today, leading to $7 billion of battery waste per year. American Battery’s stock recently increased by 1.1% to $0.14 a share in New York. Contact the author: patrick@proactiveinvestors.com Follow him on Twitter @PatrickMGraham