There’s certain stocks where it looks like there’s a lot of hype around it (and thus the price per share goes up). To layman, the tech might sound promising or news of it sounds good, but to a subject matter expert it is questionable.

Take American Battery Metals Corporation (ABML) they were just awarded DOE funding under Field Demonstration of Selective Leaching, Targeted Purification, and Electro-Chemical Production of Battery Grade Lithium Hydroxide Precursor from Domestic Claystone ResourcesPartners: American Lithium Corporation, DuPont Water Solutions DOE funding: $2,272,112; costs share: $2,272,112; Total costs: $4,544,224. This means that half of the funds are in kind matching (labor, ops, etc) from 3 companies. Cost share is standard for DOE FOAs. Don’t get me wrong $2.27m is a good chunk of change, but this is for 36 months ($757k DOE funding/year). Extraction and mining is expensive. Their cost share probably pays mostly for 5-7 employee loaded labor.

The title (and their website) states ABML is extracting Li from claystone, not recycling batteries which is a main point that YouTubers are talking about. This is a field testing site for early technology readiness- not commercialization.

Recycling batteries is the future- but raw materials are much cheaper which is why the ABML project is focused in extraction. I’m still interested in the technology per my own similar research.

But this means they are years or decades away from full blown commercialization assuming they’re successful in either extraction or recycling. So are you investing to just ride the hype out or in it for the long term?

/geologist and sme interested in stocks

Here’s the FOA -

https://eere-exchange.energy.gov/FileContent.aspx?FileID=e4b7fbb9-c557-4098-ad9d-dccfdb384bd3

Edited from autocorrect