Elektros Ignites Strategic Expansion Plan for Sierra Leone Lithium Operations to Support Global EV Demand

About this update from Elektros Inc.

[{"type":"text","content":"SUNNY ISLES BEACH, FL / ACCESS Newswire / January 29, 2026 / Elektros Inc. (OTC PINK:ELEK), a developer of lithium mining operations in Sierra Leone, announces strategic objectives for its Sierra Leone Lithium mining project.","length":225,"tagName":"p"},{"type":"text","content":"Joint Venture Structure and Regulatory Compliance","length":49,"tagName":"p"},{"type":"text","content":"On August 15, 2024, the Company executed a joint venture ground lease agreement for mineral rights within the Tinkoko Chiefdom of Bo District in southern Sierra Leone.","length":167,"tagName":"p"},{"type":"text","content":"Under this arrangement, our local operating partner will oversee on-site operations, licensing administration, labor management, packaging, and shipment logistics.","length":163,"tagName":"p"},{"type":"text","content":"To ensure full compliance with Sierra Leone's existing regulatory requirements-which stipulate that mining licenses and operational management be held exclusively by Sierra Leonean citizens-the partnership agreement establishes our operating partner as a 25% equity stakeholder, with the Company retaining a 75% controlling interest in the enterprise.","length":355,"tagName":"p"},{"type":"text","content":"As of September 2025, the Company has obtained an artisanal mining license for its lithium project in Sierra Leone.","length":115,"tagName":"p"},{"type":"text","content":"Operational Mission and Current Status","length":38,"tagName":"p"},{"type":"text","content":"The joint venture is focused on the extraction, packaging, and export of raw lithium ore from Sierra Leone to the United States. The Company has currently stockpiled approximately 54 metric tons of hard-rock lithium ore at the mining site, prepared for export pending the securing of adequate capital for shipping costs.","length":320,"tagName":"p"},{"type":"text","content":"The Company believes its growing stockpile and on-the-ground operational readiness support near-term export execution, while creating a foundation for scalable throughput and recurring shipment cadence as additional working capital is secured.","length":243,"tagName":"p"},{"type":"text","content":"Elektro's objective is to establish itself as a reliable supplier to U.S.-based lithium refineries, supporting the conversion of raw materials into battery-grade lithium for the rapidly exp...

More updates from Elektros Inc.