American Battery Materials Inc - BLTH STOCK NEWS

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.

American Battery Materials, Inc. (OTC: BLTH) has completed a 1-for-300 reverse stock split, reducing outstanding shares from 3.3 billion to approximately 11 million. The company aims to list on a senior exchange for long-term shareholder value. The common stock will continue to trade on the OTC Marketplace under the symbol 'BLTH'.

American Battery Materials, Inc. (BLTH) provided an update on their operational momentum at the Lisbon Valley Lithium Project, the macro-economic catalysts driving the need for lithium, and their decision to terminate the proposed SPAC transaction. They also discussed their path to listing on a senior U.S. exchange, the transformation to a clean energy economy driving a generational opportunity in lithium, and their approach to lithium extraction using Direct Lithium Extraction (DLE). Additionally, they highlighted their Lisbon Valley Project summary and proposed joint venture with Xantippe Resources, and their clearly defined pathway to listing on a senior exchange.

American Battery Materials, Inc. (OTC Pink: BLTH) issued a clarification regarding the status of the Company’s 1-for-300 reverse stock split. The reverse stock split was scheduled to become effective on the OTC Marketplace on November 15, 2023, but was rescinded due to the failure of the Company's transfer agent, Equiniti, to confirm engagement with DTC. The Company is working to resolve the issue and expects the reverse stock split to proceed soon. Additionally, ABM and Seaport Global Acquisition II Corp. (NASDAQ: SGII) announced a proposed business combination, where ABM will become a wholly-owned subsidiary of SGII, and the combined company is expected to be listed on the Nasdaq Global Market.

American Battery Materials, Inc. (OTC Pink: BLTH) announced a series of transactions with Xantippe Resources Limited (ASX: XTC), including the formation of joint ventures for lithium extraction projects in Argentina and Australia and the purchase of a direct ownership interest in XTC. This move will significantly expand ABM’s asset base and diversify its project portfolio, aligning with the company's development strategy and commitment to environmentally responsible mineral exploration and development.

Seaport Global Acquisition II Corp. and American Battery Materials have filed the initial Registration Statement on Form S-4 with the SEC, a necessary step towards merger completion. ABM is primed to be a leader in the lithium supply chain with its direct lithium extraction. The demand for lithium continues to outpace supply. The proposed merger will result in ABM becoming a wholly owned subsidiary of SGII and listed on Nasdaq.

ABM reaffirms commitment to merger with SGII despite NASDAQ delisting warning letter. Seaport Global has extended its time frame and undergone redemptions, reducing shareholder base and equity. ABM believes completion of the merger will satisfy NASDAQ listing standards. Proposed merger to result in ABM becoming wholly owned subsidiary of SGII.