I can't help to think something bigger is in the works, not just Utah mines, something Andrew Suckling is bringing on this venture more than anyone has imagined. We will find out for sure what else they are plugging into this ticker, it is not just lithium.
I will try to dissect your post a little to see what certain things the company might be subliminally trying to tell us based on some of their tweets: https://twitter.com/AmBatMat
** They also stated that this was the "first of projects funded" which leads me to think that at least another round of major funding is coming that is known to exist.
** Also, based on the wording from the website, it appears that BOXS (American Battery Materials Inc.), will be going into the production and distribution of lithium at the very least. Also, the mention of "AN AMERICAN LITHIUM AND NEW ENERGY COMPANY" could lead us to think that something more than lithium is coming to as part of their operations for growth. https://www.americanbatterymaterials.com/