American Battery Metals sees the light on solar energy

The company has signed a letter of intent with the renewable energy company Panel the Planet Inc to explore possible solar energy projects on its property American Battery Metals Corporation (OTCQB:ABML) has long mined for lithium under the hot Nevada sun — now the company is looking to it as a power source. The Incline Village based Nevada company announced Tuesday that it has signed a letter of intent with the renewable energy company Panel the Planet Inc to explore possible solar energy projects on its property. The move is designed to offer cost effective power for the company’s mining and processing operations as well as granting it a stream of revenue in the form of power purchase agreements with NV Energy, the state utility. “A solar or solar-plus-storage system can provide cost effective power for our lithium extraction and processing, while potentially tapping into the sizable funds allocated by NV Energy to secure clean energy to meet Nevada’s renewable energy goals,” Cole said.