GREENWICH, CT — American Battery Materials, Inc. (OTC PINK:BLTH) (“ABM” or the “Company”), a U.S.-based renewable energy company focused on the extraction, refinement, and distribution of technical minerals in an environmentally responsible manner, announced today that the Company has received necessary agency approvals to reenter the Peterson Fed 88-21P well bore in southeast Utah, pending the required financial guarantee.
David Graber, CEO of American Battery Materials, stated, “We are excited to be resuming exploration activities in Utah, and we believe the project has great potential with the confirmation of deposits in the existing Peterson Fed 88-21P well bore. Lisbon Valley will be our immediate focus moving into 2025.”
These approvals follow detailed reviews by the Bureau of Land Management (BLM) and the Utah Department of Natural Resources Division of Oil, Gas, and Mining (DOGM). According to the BLM’s decision, the Company’s Notice was deemed complete and compliant with regulations, requiring a financial guarantee to ensure proper reclamation. Similarly, DOGM’s tentative approval affirmed readiness for the project, contingent on final surety concurrence.
This milestone underscores the Company’s commitment to advancing its direct lithium extraction (DLE) capabilities in an environmentally responsible manner, supporting the growing demand for domestic critical minerals.
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