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American Battery Materials Inc. reports developments about its U.S. critical minerals business, including direct lithium extraction and direct mineral extraction for lithium, magnesium and other battery-related minerals. Company updates describe exploration and development work, environmentally responsible extraction, refinement and distribution plans, and regulatory engagement tied to domestic critical mineral supply chains.
Recurring announcements also cover advisory board appointments, technical and project-management expertise, government-affairs support, Utah exploration matters and agency approvals. Other disclosures address material agreements, shareholder voting matters, capital-structure updates, governance matters, regulatory disclosures, and operating and financial results.
American Battery Materials (OTC: BLTH) issued an operational update on its Lisbon Valley Project in Utah. The company is reviewing engineering studies and capital cost estimates for a potential full-scale Direct Lithium Extraction and processing facility targeting about 10,000 metric tons/year of LCE and 20,000 metric tons/year of magnesium ingots. The evaluation centers on processing technologies, infrastructure, and costs for a vertically integrated U.S. critical minerals platform amid rising lithium demand and supportive U.S. policy trends.
American Battery Materials (OTCID: BLTH) appointed Creighton Reed to its Advisory Board on March 10, 2026. Reed brings government affairs, national security and public-sector advisory experience to support the company’s engagement with federal programs and policy frameworks for domestic critical mineral development.
He is a retired U.S. Marine Corps veteran with an MBA from Stanford and a BA from Harvard; the company said his background complements efforts to reinforce the critical minerals supply chain tied to national defense and supply chain resilience.
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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