--News Direct--
American Battery Materials, Inc. (OTC PINK: BLTH) ("ABM"), a U.S.-based company dedicated to advancing critical mineral resource development, today announced that it is expanding its strategic extraction efforts beyond lithium to include magnesium recovery at its flagship project in Utah’s Paradox Basin.
The Paradox Basin resource—already recognized for its lithium concentrations—also contains high levels of Magnesium. ABM’s mineral rights cover 743 claims across 14,260 acres, offering a unique opportunity to co-extract lithium and magnesium using advanced Direct Lithium Extraction (DLE) techniques.
“Expanding our efforts to recover magnesium is a natural progression of our mission to support the U.S. energy transition,” said David E. Graber, CEO of American Battery Materials. “With demand for lightweight metals growing across the defense, aerospace, and automotive industries, developing a domestic magnesium supply chain is vital for national competitiveness and sustainability.”
Magnesium, recently identified as a critical material by the U.S. Department of Energy and the Department of Defense, is essential in a variety of high-growth sectors, including electric vehicles, electronics, biodegradable medical implants, and lightweight structural components.
ABM’s DLE-based approach is designed to efficiently recover both lithium and magnesium with minimal environmental impact. The company’s closed-loop extraction system returns the majority of extracted brine to its source, significantly reducing land usage and eliminating the need for open-pit mining or evaporation ponds.
About American Battery Materials, Inc.
American Battery Materials, Inc., headquartered in Greenwich, Connecticut, is a U.S.-based company focused on the exploration, acquisition, and development of lithium and other battery materials critical to the global energy transition. ABM is committed to sustainable practices and delivering value to its stakeholders through strategic partnerships and innovative projects.
For Media Inquiries:
American Battery Materials, Inc.
500 West Putnam Avenue, Suite 400
Greenwich, CT 06830
+1 800-998-7962
ir@americanbatterymaterials.com
To the extent that statements contained in this press release are not descriptions of historical facts regarding the Company, they are forward-looking statements reflecting the current beliefs and expectations of management. Words such as "believe," "goal," "plan," "feel," "may," "will," "expect," "anticipate," "estimate," "intend," "target" and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause our future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and its Quarterly Reports on Form 10-Q, including but not limited to the discussion under "Risk Factors" therein, which the Company has filed with the SEC and may be viewed at http://www.sec.gov.
Contact Details
Investor Relations
+1 800-998-7962
ir@americanbatterymaterials.com
Company Website
https://www.americanbatterymaterials.com/
View source version on newsdirect.com: https://newsdirect.com/news/american-battery-materials-announces-expansion-of-strategic-focus-to-include-magnesium-recovery-at-utahs-paradox-basin-430338764
