American Battery Materials, Inc.

AMERICAN BATTERY MATERIALS, INC. operates as a U.S.-based renewable energy company focused on the extraction, refinement, and distribution of technical minerals. On November 5, 2021, the company acquired the rights to 102 federal mining claims in the Lisbon Valley of Utah for $100,000, plus a future royalty payment of 2% of the net revenue from the sale of all minerals produced from this property. This acquisition was based on historical mineral data from seven existing wells with brine aquifer access. The company has not yet started any mining operations and is classified as an exploration stage issuer under SEC Regulation S-K Item 1300. An independent third-party technical report suggested that further investment and development in the claims was justified, but it has not been determined if the company has any mineral reserves or if mineralization could be economically and legally produced or extracted. The company has no mineral reserves as defined by Regulation S-K 1300 and has generated no mining revenue to date. In July 2023, the company acquired and staked additional mining claims next to its Lisbon Valley Project in Utah. These new claims are registered with the Bureau of Land Management (BLM). The company now owns a total of 743 placer claims covering 14,320 acres, which includes the 102 original claims and the 641 new claims. The company's strategic goal is to become a producer of lithium and magnesium in the United States.