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American Battery Materials, Inc. (OTC Pink: BLTH) is a U.S.-based environmentally responsible critical minerals exploration and development company. Specializing in Direct Lithium Extraction (DLE), the company focuses on the extraction, refining, processing, and distribution of lithium and other crucial minerals. These minerals are essential for bolstering the long-term energy transition and electrification of the U.S. domestic and global economy.
In recent developments, American Battery Materials has made significant strides in expanding its operations. The company recently released an updated technical report detailing the expansion of their claims to 14,300 acres. This expansion aims to increase their production capacity and meet the growing demand for lithium and other critical minerals.
Additionally, the company has announced the arrival of new directors and advisors who bring unique expertise to the rapidly developing lithium market. These new team members are expected to drive innovation and enhance operational efficiency.
American Battery Materials is also focusing on improving its financial health and corporate governance. An important step in this direction is their response to a NASDAQ delisting warning letter to a merger partner. Management is confident about addressing the issues raised and pursuing an uplist to a senior exchange by 2024, which is part of their strategic long-term goal.
The company operates with a high degree of environmental responsibility. Their commitment to minimizing environmental impact while maximizing resource efficiency sets them apart in the critical minerals sector. For more information, visit their official website at www.americanbatterymaterials.com.
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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