secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN BATTERY MATERIALS, INC. (BLTH)
CIK:        0001487718
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001213900-21-057983
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BoxScore Brands acquires 102 Utah lithium mining claims for $100K; issues $316.5K in convertible notes
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- Acquired 102 federal mining claims in San Juan County, Utah for $100,000 cash plus 2% net revenue royalty on mineral sales.
- Historical data from 7 existing brine wells indicates substantial lithium concentration; seller to complete location and recording.
- Issued three convertible notes totaling $316,500 ($150K, $100K, $66.5K) to fund acquisition and operations; 9.5% interest, 2-year maturity.
- Notes are convertible at $0.03/share with 4.99% beneficial ownership cap; company can prepay after 1 year, holder may choose cash or stock.
- Notes are senior secured indebtedness, pari passu with other senior secured debt; interest can be paid in cash or stock at holder's option.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487718/000121390021057983/0001213900-21-057983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487718/000121390021057983/ea150335-8k_boxscore.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-057983

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