11/07/2023
American Battery Materials (OTC Pink: BLTH) Announces Term Sheet for Joint Venture and Stock Purchase with Xantippe Resources.
Global Release: https://www.globenewswire.com/news-release/2023/11/07/2774976/0/en/American-Battery-Materials-Announces-Term-Sheet-for-Joint-Venture-and-Stock-Purchase-with-Xantippe-Resources.html
David Graber, Chairman and Co-Chief Executive Officer of American Battery Materials, commented, “The proposed transactions represent a transformational opportunity for American Battery Materials. The partnership with Xantippe will significantly expand our asset base and meaningfully diversify our project portfolio, a critical component of our development strategy. We are excited to work with the Xantippe team. Their combination of recognized lithium production experts, local knowledge, and proven track record of development expertise presents the perfect opportunity to increasingly leverage synergies across the two companies. Like ABM, Xantippe owns exceptional mineral rights and land positions, is developing high-quality projects with access to scalable, diversified, and rich sources of lithium brine. Moreover, both ABM and Xantippe are committed to deploying direct lithium extraction technologies in the most efficient and environmentally responsible manner”.
Visit: www.AmericanBatteryMaterials.com
American Battery Materials is a U.S. based, ESG focused, critical minerals exploration & development co. focused on direct lithium extraction (DLE) for processing and distribution to support the country’s urgent critical mineral need & to bolster the electrification of the US and global economy.