American Battery Materials Lists on NYSE, Funds Utah Lithium Project

0:00American battery materials is gearing up to sell about 2 million shares at roughly $4.99 apiece while applying to list on the New York Stock Exchange American. The cash from this move will fund their Lisbon Valley project in Utah where they hold more than 14,000 acres of federal mining claims for, pulling lithium and magnesium from underground brine. This exploration stage company has no revenue yet and posted a net loss of $6.4 million in 2025, but they're betting. On direct lithium extraction tech to tap into battery minerals, with the US still leaning on imports for key stuff like primary magnesium, their push aims to boost homegrown supplies for batteries in industry. They plan to start drilling wells in 2026, move to pilot tests, and eye full production later this decade if permits and funding line up. Right? That's the story for today. Our for news today, Driven by AI.