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American Battery Materials, Inc. Releases New Technical Report Summary on its Lisbon Valley Lithium Project
American Battery Materials, Inc. Releases New Technical Report Summary on its Lisbon Valley Lithium Project.
About this update from American Battery Materials Inc.
[{"type":"text","content":"GREENWICH, Conn., June 09, 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 release of a new Technical Report Summary focused on ABM’s Lisbon Valley Project, located in San Juan County, Utah.Technical Report Highlights:There are substantial indications that lithium mineralization occurs beneath the subject property.Direct Lithium Extraction (DLE) remains a viable methodology for the property site in exploration and processing.ABM claims are currently in good standing according to Bureau of Land Management (BLM) records.ABM’s target deposit model is similar in substantially all respects to that of Anson Resources Limited, an Australian-based company focused on lithium exploration in the Paradox Basin, which is located 50 miles northwest of ABM’s claim block.“This latest technical report summary highlights the scope of the opportunity and the progress we are making towards direct lithium extraction related to our Lisbon Valley Project,” said Sebastian Lux, Co-CEO of ABM. “We enter the next phase of development with all key indicators pointing strongly in the right direction and look forward to our upcoming test drilling to drive further technical validation,” added Lux.The effective date of the Report is May 15, 2023, and was authored by Bradley C. Peek MSc., CPG with Peek Consulting, Inc., to document the progress on the property. The 74 page Report has been written in accordance with the U. S. Securities and Exchange Commission’s Subpart 1300 of Regulation S-K for a Technical Report Summary, and can be viewed here: https://docsend.com/view/h9px3qvkn3emebhy.Summary Highlights from American Battery Materials, Inc. May 15, 2023, Technical ReportThe Lisbon Lithium Project property consists of 120 placer mining claims staked on U. S. Government land administered by the U. S. Bureau of Land Management. All 120 claims are in good standing with the BLM.From the ABM Technical Report author’s review of the data, it is believed that there is a substantial indication that lithium mineralization in brines occurs beneath the subject property. The existing evidence is...