AMERICAN BATTERY MATERIAL - BLTH STOCK NEWS

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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.

12/07/2023 04:15 PM

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American Battery Materials Announces Reverse Stock Split

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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'.

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11/22/2023 08:31 AM

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American Battery Materials Provides Corporate Update

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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.

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11/15/2023 07:30 AM

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American Battery Materials Issues Clarification on Status of Reverse Stock Split

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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.

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11/07/2023 07:30 AM

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American Battery Materials Announces Term Sheet for Joint Venture and Stock Purchase with Xantippe Resources

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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.

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09/26/2023 05:30 AM

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Seaport Global Acquisition II Corp. and American Battery Materials, Inc. Announce Initial Filing of Registration Statement on Form S-4 in Connection With Their Proposed Business Combination

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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.

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09/18/2023 08:30 AM

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American Battery Materials, Inc. Confirms Commitment to $120 Million Merger

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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.

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07/24/2023 08:30 AM

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American Battery Materials Acquires Substantial Mining Claims to Increase Domestic Production of Lithium

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American Battery Materials, Inc. (BLTH) expands lithium mining claims to 14,300 acres in Utah. The company aims to become a leader in lithium production in the U.S. and has signed a merger agreement with Seaport Global Acquisition II Corp. (SGII).

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06/20/2023 10:23 AM

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American Battery Materials, Inc. to Attend the Fastmarkets Lithium Supply and Battery Raw Materials Conference

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06/14/2023 08:00 AM

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American Battery Materials, Inc. Expands Board and Strategic Relationships to Accelerate Lithium Extraction Development

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06/09/2023 08:00 AM

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American Battery Materials, Inc. Releases New Technical Report Summary on its Lisbon Valley Lithium Project

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FAQ

What is the current stock price of AMERICAN BATTERY MATERIAL (BLTH)?

The current stock price of AMERICAN BATTERY MATERIAL (BLTH) is $0.39 as of June 7, 2024.

What is the market cap of AMERICAN BATTERY MATERIAL (BLTH)?

The market cap of AMERICAN BATTERY MATERIAL (BLTH) is approximately 6.8M.

What does American Battery Materials, Inc. specialize in?

American Battery Materials specializes in Direct Lithium Extraction (DLE) and other critical minerals for refining, processing, and distribution.

What recent achievements has the company made?

The company recently expanded its claims to 14,300 acres and welcomed new directors and advisors to enhance their lithium extraction operations.

How does American Battery Materials contribute to environmental sustainability?

The company is committed to environmentally responsible operations, focusing on minimizing environmental impact while extracting critical minerals efficiently.

What is the company's financial strategy?

American Battery Materials aims to improve financial health and corporate governance, including addressing a NASDAQ delisting warning and pursuing an uplist to a senior exchange by 2024.

Who are the key executives of American Battery Materials?

David Graber serves as Chairman and Co-Chief Executive Officer, while Sebastian Lux is the Co-Chief Executive Officer.

How can I receive updates about American Battery Materials?

You can receive company updates via email by visiting the Contact page of their official website at www.americanbatterymaterials.com/contact.

What is Direct Lithium Extraction (DLE)?

Direct Lithium Extraction is a process that efficiently separates lithium from other minerals with minimal environmental impact, crucial for producing battery-grade lithium.

What are the long-term goals of American Battery Materials?

The company's long-term goals include expanding production capacity, enhancing operational efficiency, and uplisting to a senior exchange by 2024.

How is the company addressing the NASDAQ delisting warning?

Management is actively responding to the issues raised in the NASDAQ delisting warning letter and is confident about meeting the necessary requirements.