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The latest announcement is out from American Battery Materials ( (BLTH) ).
American Battery Materials Inc. announced an expansion of its extraction efforts to include magnesium recovery at its Paradox Basin project in Utah, alongside lithium. This strategic move aims to support the growing demand for lightweight metals in industries such as defense, aerospace, and automotive. The company’s approach, which includes a closed-loop extraction system, is designed to efficiently recover both lithium and magnesium with minimal environmental impact, enhancing the domestic supply chain for these critical materials.
More about American Battery Materials
American Battery Materials Inc. is a U.S.-based company focused on advancing critical mineral resource development, primarily through the extraction of lithium and magnesium. The company operates in the Paradox Basin in Utah, with mineral rights covering 743 claims across 14,260 acres, utilizing advanced Direct Lithium Extraction techniques.
Average Trading Volume: 940
Technical Sentiment Signal: Hold
Current Market Cap: $18.9M
See more data about BLTH stock on TipRanks’ Stock Analysis page.