SUNNY ISLES BEACH, FL / ACCESSWIRE / August 25, 2024 / Elektros (OTC PINK:ELEK) ("Elektros" or "the Company"), a trailblazer in electric mobility, recently finalized a 13-year ground lease for a Lithium mine located in Sierra Leone, West Africa. The Company's strategic location in Southern Sierra Leone capitalizes on the region's rich lithium deposits, enhancing operational efficiency and sustainability.

"This milestone underscores Elektros's commitment to advancing sustainable energy solutions," said Shlomo Bleier, Chief Executive Officer at Elektros. "Securing this mining lease strategically positions us to meet the rising global demand for lithium, driven by the expanding electric vehicle market and growing energy storage needs."

The global lithium-ion battery market is projected to reach $116.6 billion by 2030, fueled by increasing adoption in EVs and renewable energy storage solutions.

Lithium's applications extend beyond EVs to include solar battery storage, data centers, and consumer electronics, aligning with global trends towards renewable energy and sustainability.

Lithium mining underscores Elektros's commitment to innovation in electric mobility and sustainable energy solutions.

About Elektros, Inc.

Elektros (OTC PINK:ELEK) is a vertically integrated sustainable energy company focused on lithium mining, electric vehicle charging, solar energy storage, and power supply for AI data centers. We are at the forefront of the clean energy transition, driving innovation in mobility and energy technologies to combat the global climate crisis and deliver transformative user experiences. www.elektros.energy

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SOURCE: Elektros, Inc.