American Battery Materials, Inc. (“ABM”, the “Company”), an environmentally responsible minerals exploration and development company focused on direct lithium extraction (DLE) and other critical minerals for the global energy transition, today announced that it has acquired and staked additional lithium mining claims adjacent to its Lisbon Valley Project, located in San Juan County, Utah.
The newly acquired mining claims expand ABM’s strategic land position to approximately 14,300 acres, a seven-fold increase from its current position of 2,000 acres. The Company’s actions follow the release of a new Technical Report Summary focused on ABM’s Lisbon Valley Project, highlighting the scope of the opportunity and progress toward direct lithium extraction.
“The results of our latest Technical Report Summary validated our belief that there are substantial lithium deposits in brine to be extracted from the Lisbon Valley,” said Sebastian Lux, Co-Chief Executive Officer of ABM. “Expanding access to lithium deposits further diversifies our portfolio and represents a critical step in the pursuit of our mission to become a leader in the commercial production of lithium in the U.S. Our continued investment and progress on our strategic roadmap reflect our commitment to creating shareholder value while providing domestic support for our country’s initiative for a green future.”
The new claims have been registered with the Bureau of Land Management. ABM now holds a total of 743 placer claims over 14,320 acres, comprised of (i) the 102 original claims held by ABM; and, (ii) the 641 new claims. ABM will continue to seek additional opportunities to increase its claims, properties, and projects.
Source: https://www.americanbatterymaterials.com/