Replies to post #13470 on American Battery Materials Inc (BLTH)

[exisnet]

Tutes involved, $BOXS will be in with the big players

“ABM will deploy DLE in selective brine extraction to provide a cost-effective, efficient, and environmentally friendly method of production. The need for sustainable U.S. lithium independence, combined with a 500% rise global lithium demand, makes ABM a unique opportunity for investors and we look forward to sharing this with our network of institutional investors and family offices,” concluded Falesnik.

[exisnet]

Can anyone clarify the bold print below, sounds like ABM in the running for some Grant money...

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).

[longrichard]

LOL

Dilution as such.

[JPS02]

Interesting hire Stervc. Here are my thoughts on the BOXS PR and 8-K filed on 1/6/23:

1. We received an announcement on 1/6/23 that MZ group is hired as an "IR firm" which has a cost to it.

Check out their experienced team and diverse clientele: https://www.mzgroup.us/team ~ https://www.mzgroup.us/testimonials

- What do you think is the purpose of MZ for a public company that has common shares on the public market?

2. 1/6/23 PR indicates the following:

MZ has developed a distinguished reputation as a premier resource for institutional investors, brokers, analysts and private investors and maintains offices worldwide.

Brooks Hamilton, Director at MZ North America, will lead the MZ team advising ABM in all facets of investor relations including the coordination of roadshows and investment conferences across key cities and building brand awareness with financial and social media outlets.

https://www.globenewswire.com/news-release/2023/01/06/2584402/0/en/American-Battery-Materials-Engages-MZ-Group-to-Lead-Strategic-Investor-Relations-and-Shareholder-Communications-Program.html

3. On the same day as the PR, BOXS files an 8-K that the:

https://www.otcmarkets.com/filing/html?id=16303375&guid=DWl-kn5GrJ2Pdth

a) Note holders, who also happen to be Directors, converted their $11.7 million of debt into 2.8 billion common shares.

b) Warrant holders paid $105K to convert their warrants into 27.6 million common shares

- What do you think is the motivation of the note holders and warrant holders to obtain all of these common shares, coincidentally, as MZ is going to start their work and before we receive any updates on operations?

This is all IMO and I am just trying to connect the dots. Although the primary objective is to clear the balance sheet of any debt with the conversions, I think the hiring of MZ is too coincidental. Time will tell.

Go BOXS!