American Battery Materials Expands to Magnesium Recovery in Utah’s Paradox Basin
TL;DR
American Battery Materials, Inc. expands its extraction to magnesium, offering a strategic advantage in the defense, aerospace, and automotive industries with a domestic supply chain.
ABM utilizes Direct Lithium Extraction techniques to co-extract lithium and magnesium from the Paradox Basin, minimizing environmental impact with a closed-loop system.
ABM's expansion into magnesium recovery supports the U.S. energy transition and sustainability, contributing to cleaner industries and a healthier planet.
Discover how ABM's innovative approach to extracting magnesium alongside lithium in Utah's Paradox Basin could revolutionize multiple high-growth sectors.
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American Battery Materials, Inc. (OTC PINK: BLTH) has announced an expansion of its strategic extraction efforts to include magnesium recovery at its flagship project in Utah’s Paradox Basin. This move leverages the basin's high magnesium concentrations alongside its known lithium resources, covering 743 claims across 14,260 acres. The company aims to utilize advanced Direct Lithium Extraction (DLE) techniques for the co-extraction of these critical minerals, marking a significant step in supporting the U.S. energy transition and reducing environmental impact.
Magnesium, recently classified as a critical material by the U.S. Department of Energy and the Department of Defense, plays a pivotal role in defense, aerospace, automotive, and other high-growth sectors. ABM's initiative to recover magnesium domestically is poised to strengthen national competitiveness and sustainability. The company's DLE-based approach promises minimal environmental disruption by returning the majority of extracted brine to its source, avoiding traditional mining methods that require extensive land use and evaporation ponds.
David E. Graber, CEO of American Battery Materials, emphasized the strategic importance of this expansion, highlighting the growing demand for lightweight metals across various industries. This development not only underscores ABM's commitment to sustainable mineral extraction but also aligns with broader efforts to secure a reliable supply of critical materials essential for the future of technology and renewable energy solutions.
Curated from News Direct
