secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN BATTERY MATERIALS, INC. (BLTH)
CIK:        0001487718
Form:       8-K
Filed at:   2023-10-11T23:59:59+00:00
Accession:  0001013762-23-003176
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487718/000101376223003176/0001013762-23-003176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487718/000101376223003176/ea186595-8k425_american.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-003176

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