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ABTC Bolsters Board with Finance Pro Susan Yun Lee for Strategic Growth

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Benjamin Hughes

March 29, 2024 - 12:59 pm

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American Battery Technology Company Welcomes Finance Expert Susan Yun Lee to Board in Strategic Move

RENO, Nevada, March 29, 2024 /PRNewswire/ -- American Battery Technology Company (ABTC), a frontrunner in the critical battery materials sector, has officially announced the introduction of Susan Yun Lee, a seasoned financial expert, into their Board of Directors, commencing April 1, 2024. This strategic appointment comes at a time when Julie Blunden, who joined the board in March 2022, will be resigning from her post as of March 31, 2024.

ABTC, listed as ABAT on the NASDAQ, is acclaimed for its advanced technologies that aid in the production of primary battery minerals and the recycling of secondary minerals found in lithium-ion batteries. The inclusion of Susan Yun Lee is anticipated to fortify the company's fiscal integrity and contribute significantly to its financial strategies.

"We are excited to welcome Susan to the ABTC Board," expressed ABTC Chairman Rick Fezell. "Her expertise in financial markets will be invaluable in reinforcing ABTC's strong culture of fiscal stewardship."

Susan Yun Lee arrives with over two decades of robust experience in multi-asset class allocations, offering strategic advice to institutions on a variety of investment avenues including funds, private companies, public stocks, options, derivatives, public equities, private equity, venture capital, real assets, credit, fixed income, and hedge fund strategies.

ABTC CEO and Director Ryan Melsert shed light on the timing of Lee's appointment, "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."

The company meticulously vetted numerous candidates during a several-month search before selecting Susan, whose exceptional background in public and private investments, capital markets, and her strong fiduciary diligence stood out as pivotal assets for ABTC's strategic ventures.

Lee boasts a comprehensive track record in the financial sphere. She is currently serving as the chief investment officer of a prestigious foundation and holds a partnership with White Road Capital. Her illustrious career commenced with strategic roles at Bain & Co. and The Walt Disney Company. She then transitioned to a partnership at Angeles Investment Advisors, an investment firm catering to institutional investors, where she managed the private equity division and oversaw the company's investment portfolio. Lee's experience extends further to her tenure as a private equity investor at Black Canyon Capital and Vintage Capital Partners, leading up to her managing investment assets and a $2.5 billion portfolio for The Broad Foundations and family office.

In acknowledgment of her expertise, Lee is an independent board director for the Nasdaq-listed Crescent Capital BDC and Crescent Private Credit Income Corp. Her educational achievements include an MBA from Harvard Business School, where she graduated with honors and was recognized as a Toigo Fellow, along with a Bachelor of Arts in Economics from Stanford University, graduating as a member of 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 the forthcoming 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."

Susan's induction into the board is perceived as a move toward leveraging her financial acumen to identify and capitalize on strategic partnerships and investment opportunities that can accelerate ABTC’s advancements in the battery materials industry, which is in a swift domestic expansion phase.

Chairman Fezell also took the opportunity to appreciate Julie Blunden for her exceptional contributions during her tenure on the ABTC board. "I would like to thank Julie for her outstanding service on the board over the past two years," Fezell remarked. He also explained that Blunden’s resignation corresponds with the Board's succession strategy for its independent directors, illustrating a planned and smooth transition within the company leadership.

Unveiling American Battery Technology Company

ABTC, with its headquarters nestled in Reno, Nevada, is pioneering revolutionary technologies that promise to liberate domestically sourced and recycled battery metals – materials that are crucial to satiating the burgeoning demand from the electric vehicle, stationary storage, and consumer electronics markets. The company takes pride in its commitment to a sustainable, circular supply chain for battery metals. By constantly seeking to innovate and improve in the field of battery metals technologies, ABTC aims to drive the global transition towards electrification and a new era of sustainable energy.

Vision for the Future: Forward-Looking Statements

The latest press release encompasses "forward-looking statements" as related to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. This refers to statements that envision future events rather than historical facts. While ABTC’s management has confidence in these projections, no assurances can be given that expectations will prove to be accurate.

These statements harbor potential risks and uncertainties that might cause actual outcomes to diverge significantly from those anticipated. Such risks include the Company’s continuity, interpretations of geological data, exploration outcomes, permit acquisition for future operations, the general economic environment, industry conditions, regulatory demands and approvals, volatile mineral and commodity prices, and the final greenlighting of investments alongside financing procurement on acceptable terms.

For further insights and information regarding factors that may lead to actual results deviating from these forward-looking statements, stakeholders and the public can refer to the Company's filings with the Securities and Exchange Commission. This includes the Annual Report on Form 10-K for the year ending June 30, 2023. ABTC declares that it is under no obligation to revise or publicly release any updates to the information present or referenced in this press release.

For more information on American Battery Technology Company and to stay tuned with the latest updates, readers are encouraged to visit their official website.

Official source: American Battery Technology Company

Conclusion

The boarding of Susan Yun Lee onto the ABTC Board of Directors symbolizes a strategic reinforcement for the company at a critical juncture in the evolution of the battery critical minerals sector. Her extensive background in finance and investment coupled with her academic achievements posits her as an invaluable addition to the ABTC’s corporate governance. The expertise Susan carries, combined with ABTC’s innovative approach to battery metal production and recycling, will likely be a potent catalyst for the company’s future endeavors as it navigates the ever-shifting landscape of the energy industry.

The dynamic landscape of the battery materials industry remains a competitive and challenging frontier. However, with strategic appointments such as that of Susan Yun Lee, American Battery Technology Company is poised to harness these challenges and transform them into opportunities for growth, innovation, and contribution to a more sustainable future.

In conclusion, as ABTC continues its trajectory towards commercial scale operations and contracts strategic offtake of its recycled and primary metal products, the integration of high-caliber expertise seems to be a deliberate step towards shaping a robust, financially prudent, and strategically sharp future for the company. The leadership changes reflect a clear vision for the company, setting the stage for ABTC's journey ahead in the electrification and sustainable energy revolution.