American Battery Materials Issues Shareholder Letter and Provides Corporate Update
Today, we hold 120 mineral rights on 2,040 acres with seven historic wells and existing infrastructure in Southern Utah.
- Today, we hold 120 mineral rights on 2,040 acres with seven historic wells and existing infrastructure in Southern Utah.
- While the U.S. is ranked 2nd in global battery demand, it is ranked only 6th in producing the raw materials necessary to provide supply.
- Lithium is now classified as a critical mineral in the U.S. by the Department of Energy (the “DOE”), which is leading the American Battery Material Initiative to bolster the domestic battery materials supply chain.
- We took several important steps in 2022, including a corporate name change to American Battery Materials to reflect our emphasis on U.S. battery material production and the domestic lithium carbonate market.