ABM releases Oct 2023 presentation; pro forma EV $164M, 14,260-acre Utah lithium project

AMERICAN BATTERY MATERIALS, INC.

Pro forma enterprise value $164M based on 21M shares at $10.00; $36M SPAC trust + $20M PIPE sources.
ABM holds 743 mineral claims on 14,260 acres in Utah's Paradox Basin; historical lithium up to 500 ppm.
Direct Lithium Extraction (DLE) technology to be used, reducing environmental footprint vs. conventional methods.
Proposed combination with Seaport Global Acquisition II (SGII); $46M cash to balance sheet after transaction costs.
U.S. dependency on foreign lithium highlighted; ABM aims to be domestic producer of critical minerals.

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