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American Battery Materials Filed, US Offering, Removed, NYSE American: BLTH.RC

Extracts, refines, and distributes technical minerals in the US.

Industry: Materials

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Industry: Materials

We operate as a U.S. based renewable energy company focused on the extraction, refinement and distribution of technical minerals in an environmentally responsible manner. In November 2021, we found ourselves with the unique opportunity to acquire federal mining claims that historically reported high levels of lithium, magnesium and other technical minerals crucial to produce batteries used in many technology products and markets. Subsequent to acquiring such mining claims, we hired industry veterans that bring us decades of experience, credibility and relationships. We intend to implement emerging direct lithium extraction (“DLE”) technologies to extract lithium and magnesium from the production of subsurface brines. We own mineral rights on a total of 743 placer claims covering 14,320 acres (approximately 22 square miles), located in the Lisbon Valley of Utah. The property and acreage position includes nine previously drilled wells (plugged and abandoned) that could be re-entered to test the prospective brine-bearing strata within the Paradox Formation beneath the claims position. We are defined as an exploration stage issuer under Regulation S-K Subpart 1300 (“Regulation S-K Subpart 1300”) of the U.S. Securities and Exchange Commission (the “SEC”). We have no mineral reserves as defined by Regulation S-K Subpart 1300 and have had no mining revenue to date.
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IPO Data
IPO File Date 02/12/2024
Offer Price
Price Range $6.00 - $6.00
Offer Shares (mm) 2.5
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $6.00 - $6.00
Offer Shares (mm) 2.5
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
ThinkEquity
Company Data
Headquarters Greenwich, CT, United States
Founded 2007
Employees at IPO 3
Website www.americanbatterymaterials.com

American Battery Materials (BLTH.RC) Performance