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Saturday, January 14, 2023 12:05:18 PM
ABM owns 120 mineral rights across 2,040 acres with 7 historic wells and existing infrastructure in Lisbon Valley, Utah, positioning the Company to benefit from the Department of Energy’s classification of lithium as a critical mineral in the U.S. and allocation of over $7.0 Billion for exploration, extraction and processing under the recently announced American Battery Material Initiative (a DOE led initiative to bolster battery materials supply chain in the country).
PR
I was doing some DD and I ran across this article regarding the US Government doling out $2.88 billion for the EV materials mining and manufacturing industries. I was overjoyed initially to see the $57.7 million award then realized the company in the article is “American Battery Technology Company” not “American Battery Materials, Inc.”.
https://www.utilitydive.com/news/doe-battery-manufacturing-minerals-processing-award/634562/
Maybe BOXS can get a piece of the action before the money is all gone!?
GLTA BOXS!
Cheers, Red
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