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American Battery Materials, Inc. (OTC Pink: BOXS) has announced the completion of bridge financing aimed at advancing the Lisbon Valley Clean Lithium Project. Management reported that with 120 mining claims in good standing, the financing will facilitate geological and drilling initiatives to assess mineral resources. Co-CEO Sebastian Lux emphasized ongoing operational progress, while co-CEO David E. Graber expressed confidence in the company's recent capital funding and partnerships. Additionally, the company has renewed its collaboration with RESPEC for continued development in Lisbon Valley. Investors can access further details on the financing through the recent 8-K filing on the SEC website.
American Battery Materials, Inc. (OTC Pink: BOXS) has appointed David E. Graber as Co-CEO and Chairman, effective immediately. Graber, the company's Founder, will work alongside CEO Sebastian Lux. Lux highlighted the progress in acquiring assets and exploring opportunities in lithium extraction, emphasizing the company's early advantages in the market. Graber's experience includes leadership roles in natural resource investments and advisory work. The company focuses on direct lithium extraction to support the energy transition and is strategically seeking partnerships and acquisitions to bolster growth.
American Battery Materials, Inc. (OTC Pink: BOXS) announced the appointment of Dr. Ryan Zarkesh to its Advisory Board, enhancing its expertise in direct lithium extraction (DLE). Dr. Zarkesh is a distinguished chemist with over 15 years of experience, co-founder of Lilac Solutions, and has published 30+ technical reports. His background is expected to accelerate ABM's DLE pilot program for lithium extraction from its Lisbon Valley assets. CEO Sebastian Lux emphasized the value of Dr. Zarkesh's insights for business development. ABM aims to contribute to critical minerals supply for energy transition while trading under the symbol BOXS.
American Battery Materials, Inc. (OTC Pink: BOXS) highlighted its focus on developing mineral-rich assets to enhance domestic lithium supply in a letter to shareholders. CEO Sebastian Lux emphasized 2022 as a transformative year, noting the acquisition of 120 Federal Mining Claims in Lisbon Valley, Utah, which supports the company's direct lithium extraction (DLE) strategy. As U.S. lithium demand grows, ABM aims to address foreign dependency, with over $7.0 billion allocated by the government for domestic lithium initiatives. Key steps included debt reduction, the addition of industry experts, and preparations for growth in 2023.
American Battery Materials (OTC Pink: BOXS) announced a virtual roadshow on February 1, 2023, at 11:30 a.m. ET. CEO Sebastian Lux will discuss the company's recent operational progress, growth plans, and strategic vision. Participants can join via a webcast or through dial-in options.
The dial-in for the U.S. is 1-877-407-9716, and the international number is 1-201-493-6779, with a conference code of 13735874. A replay will be available after the call until March 1, 2023. American Battery Materials focuses on direct lithium extraction and other critical minerals to support the energy transition.
American Battery Materials (BOXS) announced the successful conversion of convertible debt and the exercise of warrants, eliminating over $11 million in debt and significantly improving its financial position. This strategic move involved converting 99 promissory notes into approximately 2.8 billion shares of common stock and exercising 27.6 million warrants. The transactions were completed by December 31, 2022, and have reduced interest expenses and mitigated stock price volatility, positioning the company positively as it enters 2023.
American Battery Materials, Inc. (OTC Pink: BOXS) has engaged MZ Group for a strategic investor relations and financial communications program. This initiative aims to enhance visibility within the investment community and promote their focus on direct lithium extraction (DLE) during the anticipated lithium super cycle. ABM, owning 120 mineral rights across 2,040 acres in Utah, seeks to capitalize on the U.S. government's $7 billion allocation for critical mineral initiatives. MZ Group will assist ABM in roadshows and brand awareness to attract investors in light of increasing demand for sustainable lithium production.
American Battery Materials, Inc. (OTC Pink: BOXS) has appointed Ross Saldarini as Chief Financial Officer and Scott Avanzino as Chief Operating Officer. Both appointments are effective immediately, enhancing the company's leadership in critical minerals exploration focused on direct lithium extraction (DLE). Saldarini brings over 25 years of corporate finance experience, while Avanzino has expertise in oil and gas. The company also released its latest Corporate Overview Presentation outlining the market opportunity in technical minerals.