American Battery Materials Inc (BLTH)

[JMMatthews]

American Battery Materials, Inc. Expands Board and Strategic Relationships to Accelerate Lithium Extraction Development

New Director, Advisors Bring Unique Expertise to Rapidly Developing Lithium Market

GREENWICH, Conn., June 14, 2023 (GLOBE NEWSWIRE) -- American Battery Materials, Inc. (OTC Pink: BLTH) (“ABM”, the “Company”), an environmentally responsible minerals exploration and development company focused on direct lithium extraction (DLE) and other critical minerals for the global energy transition, today announced the appointment of a new director and engagement of new team members critical to the acceleration of the Company’s development of its lithium extraction plans.

Dylan C. Glenn, a thirty-year veteran of the financial services and government affairs sectors, was introduced as the Company’s newest independent director. Mr. Glenn is currently a senior director at Eldridge Industries, a diversified holding company based in Greenwich, Connecticut. Prior to his tenure with Eldridge, Mr. Glenn was Chairman of Guggenheim KBBO Partners, Ltd., a Dubai-based joint venture partnership between the KBBO Group and Guggenheim Partners. Prior to this role, Mr. Glenn spent more than a decade at Guggenheim Partners, where he was Managing Director and critical to the firm’s expansion. Mr. Glenn also has experience in the government and regulatory space, having served as Deputy Chief of Staff to Georgia Governor Sonny Perdue, and was a Georgia congressional candidate. He also served in the White House in Washington, D.C. as Special Assistant to President George W. Bush for Economic Policy from 2001 to 2003, having the honor of being a member of the National Economic Council team advising the President on various economic issues.

ABM has also engaged advisory firms Buenos Aires Capital Partners, and iRadia Capital to explore acquisition and joint venture opportunities to diversify its lithium platform into Latin America with a focus on Argentina. Buenos Aires Capital Partners is a leading independent investment banking firm in Latin America, headquartered in Argentina, delivering best-in-class financial and strategic advisory services on landmark M&A and JV transactions. The two firms have more than five decades of collective experience with top tier global investment banks.

David Graber, Chairman & Co-CEO of ABM, noted: “The Lithium Triangle, which includes Argentina, Chile, and Bolivia, possess by way of geologic history close to 50% of the world’s lithium deposits. We believe Argentina specifically and its various states, while managing economic complexities at the moment, understands the long-term value of foreign direct investment and responsible corporate partnerships to improve what today is certainly a challenging economic environment. Job creation and infrastructure improvement with sensitivity to the highest ecological and social standards can allow Argentina, in cooperation with foreign participants, to return to its former status as a relevant global economic leader. Salta, Catamarca, and Jujuy each have benefited from capital investment from Australia, Canada, South Korea, and China, to say the least. It is time for US operators to engage in opportunities abroad as we collectively partner with the US government to secure critical minerals in the name of US national security and fair global trade. The opportunity is now”.

Proposed Business Combination

On June 2, 2023, ABM and Seaport Global Acquisition II Corp. (NASDAQ: SGII) (“SGII”), a publicly-listed special purpose acquisition company, has previously announced the signing of a definitive merger agreement for a business combination (the “Proposed Business Combination”) that will result in ABM becoming a wholly-owned subsidiary of SGII. The combined company is expected to be renamed “American Battery Materials Holdings”, and its common stock and warrants are expected to be listed on the Nasdaq Global Market (“Nasdaq”).

About American Battery Materials, Inc.
American Battery Materials, Inc., (OTC Pink: BLTH), is a U.S.-based environmentally responsible critical minerals exploration and development company focused on Direct Lithium Extraction (DLE) as well as other minerals for refining, processing, and distribution to support the country’s urgent critical minerals need to bolster long-term energy transition and the electrification of the US domestic and global economy. For more information, visit www.americanbatterymaterials.com. The information contained on, or that may be accessed through, this website is not incorporated by reference into, and is not a part of, this communication.

To receive American Battery materials, Inc. company updates via email, visit the Contact page of our web site, www.americanbatterymaterials.com/contact.

About Seaport Global Acquisition II Corp.
Seaport Global Acquisition II Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Although SGII’s efforts to identify a prospective business combination opportunity will not be limited to a particular industry, it intends to focus on companies undergoing transformational, transitional, or reorganizational business strategies.

Additional Information about the Proposed Business Combination and Where to Find It

In connection with the Proposed Business Combination, SGII intends to file a preliminary and definitive proxy statement with the U.S. Securities and Exchange Commission (“SEC”). SGII’s stockholders and other interested persons are advised to read, when available, the registration statement on Form S-4, which will include a proxy statement/prospectus of SGII (“the S-4”), as well as other documents filed with the SEC in connection with the Proposed Business Combination, as these materials will contain important information about ABM, SGII and the Proposed Business Combination. When available, the S-4 will be mailed to stockholders of SGII as of a record date to be established for voting on, among other things, the Proposed Business Combination. Stockholders will also be able to obtain copies of the S-4 and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SEC's website at www.sec.gov. The information contained on, or that may be accessed through, the websites referenced in this communication is not incorporated by reference into, and is not a part of, this communication.

Participants in Solicitation
SGII and its respective directors and executive officers may be deemed participants in the solicitation of proxies from SGII’s stockholders in connection with the Proposed Business Combination. SGII’s and ABM’s stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of SGII and ABM in SGII's Annual Report on Form 10-K filed with the SEC on April 4, 2023 and ABM’s Annual Report on Form 10-K filed with the SEC on April 21, 2023. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to SGII stockholders in connection with the Proposed Business Combination will be set forth in the proxy statement for the Proposed Business Combination when available. Additional information regarding the interests of participants in the solicitation of proxies in connection with the Proposed Business Combination will be included in the Form S-4 that SGII intends to file with the SEC.

https://www.globenewswire.com/news-release/2023/06/14/2688012/0/en/American-Battery-Materials-Inc-Expands-Board-and-Strategic-Relationships-to-Accelerate-Lithium-Extraction-Development.html

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