Business
Elektros Unveils a Bold Strategic Growth Roadmap for Its Sierra Leone Lithium Operations
Joint Venture Structure and Regulatory Compliance SUNNY ISLES BEACH, FL / ACCESS Newswire / January 29, 2026 / On August 15, 2024, the Company executed a joint venture ground lease agreement for mineral rights within the Tinkoko Chiefdom of Bo District ...
About this update from Elektros Inc.
[{"type":"text","content":"Joint Venture Structure and Regulatory Compliance","length":49,"tagName":"p"},{"type":"text","content":"SUNNY ISLES BEACH, FL / ACCESS Newswire / January 29, 2026 / 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":228,"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":"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 expanding electric vehicle and energy storage markets.","length":244,"tagName":"p"},{"type":"text","content":"Near-Term Strategic Objectives:","length":31,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Establish and maintain continuous lithium extraction and export operations from Sierra Leone","length":92,"tagName":"p"}]},{"val":[{"type":"text","content":"Execute regular shipments of two to three containers of raw lithium ore on a monthly to bi-monthly basis to the United States","length":1...