RENO,
Nev., March 29, 2024 /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,
today announced that financial industry veteran, Susan Yun Lee, will join the ABTC Board of
Directors effective April 1, 2024.
Julie Blunden, who was first
appointed to the ABTC Board in March
2022, will be stepping down from her role effective
March 31, 2024.
"We are excited to welcome Susan to the ABTC Board," stated ABTC
Chairman Rick Fezell. "Her expertise
in financial markets will be invaluable in reinforcing ABTC's
strong culture of fiscal stewardship."
Susan Yun Lee is a multi-asset
class allocator with over twenty years of combined experience
advising institutions on investments in funds, private companies,
public stocks, options, and derivatives across public equities,
private equity, venture capital, real assets, credit, fixed income,
and hedge fund strategies.
"We are at a pivotal inflection point of our growth within ABTC
and now is the ideal time to bring in new expertise within the
financial markets that can help drive our long-term growth," stated
ABTC CEO and Director Ryan Melsert. "We spent several months
evaluating numerous candidates, and Susan's breadth and depth of
experiences in public and private investments, capital markets, and
her strong fiduciary diligence are the exact skills that we need as
we contract the strategic offtake of our recycled and primary metal
products and as we continue to expand our commercial scale
operations."
Lee currently serves as the chief investment officer of a
foundation and as a partner with White Road Capital. She began her
career with strategy roles with Bain & Co. and The Walt
Disney Company and has also worked as a partner at Angeles
Investment Advisors, an investment advisory firm for institutional
investors, where she steered the firm's private equity division and
managed its portfolio. Lee served as a private equity investor at
Black Canyon Capital and Vintage Capital Partners before managing
investment assets and a $2.5 billion
portfolio for The Broad Foundations and family office.
Lee is currently an independent board director for the
Nasdaq-listed Crescent Capital BDC and Crescent Private Credit
Income Corp. She has a Master's of Business Administration from
Harvard Business School where she
earned honors and was a Toigo Fellow, and a Bachelor of Arts in
economics from Stanford University, Phi
Beta Kappa.
"I'm greatly looking forward to joining the ABTC team at such an
exciting time in the rapidly growing domestic battery critical
minerals industry," stated incoming board member Susan Yun Lee. "There are a plethora of
strategic partnership and investment opportunities in front of
ABTC, and I'm excited to bring my experiences in the financial
markets to help evaluate these opportunities and drive the
company's growth forward."
"I would like to thank Julie for her outstanding service on the
board over the past two years," stated ABTC Chairman Rick Fezell. "Her resignation is aligned with
the Board's succession plan for independent directors."
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, risks and uncertainties related to the Company's ability to
continue as a going concern; 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