Welcome to our dedicated page for American Battery Materials news (Ticker: BLTH), a resource for investors and traders seeking the latest updates and insights on American Battery Materials stock.
American Battery Materials, Inc. (OTC Pink: BLTH) generates news that centers on its role as a critical minerals exploration and development company focused on direct lithium extraction (DLE) and other technical minerals. As a U.S.-based company with projects and proposed partnerships connected to lithium resources, its announcements often relate to exploration milestones, corporate strategy and capital markets activity.
News releases have highlighted developments at the company’s Lisbon Valley Project in Utah’s Paradox Basin, including agency approvals to reenter the Peterson Fed 88-21P well bore in southeast Utah, subject to financial guarantees. These updates provide insight into how the company is advancing exploration for lithium and other technical minerals in what it describes as an environmentally responsible manner.
American Battery Materials also issues news about proposed international partnerships and joint ventures. For example, the company has announced a non-binding Letter of Intent with XTC Lithium Limited regarding the Carachi Lithium Project in Argentina’s Catamarca Province, as well as earlier term sheets with Xantippe Resources Limited for lithium brine projects in Argentina and Australia. Such items give readers visibility into potential expansion of the company’s asset base and geographic reach, while noting that these transactions depend on definitive agreements, approvals and financing.
Investors following BLTH news can also expect coverage of corporate actions and governance, including reverse stock split announcements, corporate updates on uplisting plans, and the appointment of advisory board members with backgrounds in mineral exploration, engineering, project management and investment banking. Together, these news items help explain how American Battery Materials presents its strategy within the broader context of the global energy transition and demand for lithium and other critical minerals.
American Battery Materials (OTC PINK:BLTH) and XTC Lithium have signed a non-binding Letter of Intent (LOI) for a strategic partnership to develop the Carachi Lithium Project in Argentina's Catamarca Province. The project is located in the renowned Lithium Triangle, known for its rich lithium deposits essential for EV batteries and renewable energy storage.
Under the LOI terms, BLTH can acquire up to a 50% interest in the project. Upon securing a 10% interest, BLTH will have the right to enter into a joint venture agreement with XTC for continued exploration and development. The transaction remains subject to a definitive agreement, statutory approvals, and securing financing.
American Battery Materials (OTC PINK:BLTH) has appointed Reza Ehsani to its Advisory Board. Ehsani brings over 27 years of experience in project management, consulting, and engineering across mining, petrochemical, power, and infrastructure sectors. He has expertise in managing large-scale, multi-billion-dollar projects and experience in risk management, value engineering, and technical due diligence for various commodities including lithium, nickel, iron, copper, and rare earths.
As a Qualified Person for NI 43-101 reports and a Professional Engineer in Ontario, Ehsani's experience spans across regions including Canada, Brazil, and Greenland. His appointment aims to support ABM's strategic initiatives in sustainable mineral extraction and securing critical minerals supply chains. Ehsani holds an MSc in Earthquake Engineering and a BSc in Civil Engineering.
American Battery Materials (OTC PINK:BLTH) has appointed Joseph E. Mullin to its Advisory Board. Mullin brings over 30 years of experience in mineral exploration and corporate finance, currently serving as CEO of Pure Energy Minerals and Rise Gold Corp. His expertise includes managing lithium brine projects in Nevada and a past-producing gold mine in California.
Mullin's previous leadership roles include positions at Virginia Energy Resources, Inc. and QuestEx Gold & Copper He started his career in Goldman Sachs' Investment Banking division, covering Latin America. In his advisory role at ABM, Mullin will focus on supporting the company's expansion through additional project acquisitions, particularly in Latin America, as the company pursues its mission of developing energy independence in top-tier jurisdictions.
American Battery Materials (OTC PINK:BLTH) has received agency approvals to reenter the Peterson Fed 88-21P well bore in southeast Utah, pending financial guarantee. The approvals came from the Bureau of Land Management (BLM) and the Utah Department of Natural Resources Division of Oil, Gas, and Mining (DOGM). The Company plans to focus on the Lisbon Valley project in 2025, advancing its direct lithium extraction capabilities to support domestic critical minerals demand. Both agencies deemed the Company's notice complete and compliant, requiring only final surety arrangements.
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