ELEKTROS INC - ELEK STOCK NEWS

Elektros (OTC PINK:ELEK), a leader in electric mobility, has secured a 13-year ground lease for a lithium mine in Sierra Leone, West Africa. This strategic move aims to capitalize on the region's rich lithium deposits and meet the growing global demand for lithium, driven by the expanding electric vehicle market and energy storage needs. CEO Shlomo Bleier emphasized the company's commitment to advancing sustainable energy solutions.

The global lithium-ion battery market is projected to reach $116.6 billion by 2030, with applications extending beyond EVs to include solar battery storage, data centers, and consumer electronics. This expansion aligns with Elektros's focus on innovation in electric mobility and sustainable energy solutions.

Elektros (OTC PINK:ELEK) has signed a 13-year ground lease agreement for a lithium mining project in Sierra Leone's Bo District. The company has begun initial preparations, with first shipments of lithium-bearing rock aggregate expected soon. This move aligns with the growing global demand for lithium, driven by the electric vehicle (EV) market and energy storage solutions.

The global lithium-ion battery market is projected to reach $116.6 billion by 2030, with a CAGR of 18.0% from 2021 to 2030. Sierra Leone's investor-friendly policies and rich lithium deposits make it an attractive destination for mining operations. As the world shifts towards renewable energy and sustainable technologies, the demand for lithium is expected to increase significantly.

Elektros (OTC Pink: ELEK), a rising player in electric mobility, has announced significant advancements in its Multi-Port Charging Assembly and lithium mining endeavors in Sierra Leone, West Africa. The company has filed a provisional patent for the charging technology, which offers various charging options to EV users, enhancing convenience and flexibility. Elektros is also in talks to acquire a high-grade lithium deposit in Sierra Leone, a critical component for lithium-ion batteries used in EVs. This move is bolstered by Sierra Leone's favorable mining policies. Additionally, Elektros boasts a solid capital structure free of debt and convertible securities, positioning it for future growth.

Elektros (OTC PINK:ELEK) launched its clean energy technology brand, Elektros Energy, on March 29, 2023. This new brand emphasizes the company's commitment to lithium mining, EV charging, and solar energy solutions, essential for advancing a sustainable energy future. Elektros is exploring a potential stake in a virgin lithium mining project in Sierra Leone. The company is also developing a Multi-Port Charging Assembly to enhance EV charging capabilities. Elektros aims to minimize environmental impact and promote social responsibility while leading in clean technology innovation.

Elektros (OTC PINK:ELEK) has launched its clean energy technology brand, Elektros Energy, focusing on Lithium mining, EV charging, and solar energy. The initiative aims to support the global transition to a sustainable energy future. Notably, Elektros Energy is dedicated to responsible Lithium sourcing and has initiated discussions for a Lithium mining project in Sierra Leone, Africa. The company’s patent-pending Multi-Port Charging Assembly is designed to improve EV charging infrastructure. With a mission to enhance clean technology, Elektros strives for innovation while minimizing environmental impact.

Elektros (OTC PINK:ELEK) has initiated discussions on a virgin Lithium mining project in Sierra Leone, Africa. The company is conducting a mining feasibility study to assess the potential for a stake or development agreement. The aim is to establish a lithium supply chain for processing partners and potentially for future battery production. With annual lithium demand expected to rise to 1.5 million metric tons by 2025 and 3 million by 2030, Elektros could position itself advantageously. The company anticipates a letter of intent agreement post-feasibility study, capitalizing on the growing electric vehicle market, which is projected to account for 84% of lithium demand by 2030.

Elektros (OTC PINK:ELEK) has signed a Memorandum of Understanding (MOU) with Next Realm AI to explore the integration of machine learning technologies for electric vehicle (EV) operations. This collaboration aims to enhance customer experiences and modernize product development, manufacturing, and supply chain management.

Key initiatives include intelligent battery analytics to optimize lithium-ion battery performance and a patent-pending multi-port charging assembly for EVs. The partnership also seeks to leverage AI in mining operations to improve safety and efficiency, while ChatGPT will be utilized to enhance customer service through sentiment analysis.

Elektros (OTC PINK:ELEK) has signed a Memorandum of Understanding (MOU) with Next Realm AI to enhance electric vehicle operations through machine learning technologies. The collaboration aims to improve customer experience, expedite product development, and modernize supply chain management. Key features include intelligent battery analytics to monitor lithium-ion battery performance and a patent pending Multi-Port Charging Assembly for EV manufacturers. The partnership also explores AI applications in mining operations to enhance safety, efficiency, and productivity.

Elektros (OTC PINK:ELEK) has initiated discussions regarding a potential stake in a lithium mining project located in Sierra Leone, Africa. A mining feasibility study is underway to assess the project's viability as a lithium supplier, potentially supporting Elektros's future battery production. The company projects significant lithium demand growth, with annual needs expected to reach 1.5 million metric tons by 2025 and over 3 million by 2030. Electric vehicles are anticipated to drive 84% of this demand by 2030. CEO Shlomo Bleier brings over 35 years of mining experience, with operations in both Brazil and Sierra Leone.